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Neuberger Berman Municipal Impact Fund (NMIIX) Sharpe Ratio

Mutual Fund · Currency in USD · Last updated Jul 2, 2026

The fund normally invests at least 80% of its net assets in securities of municipal issuers that provide interest income that is exempt from federal income tax and other investments that provide investment exposure to such securities; however, the fund may invest without limit in municipal securities the interest on which may be an item of tax preference for purposes of the federal alternative minimum tax.

Sharpe ratio is not yet available for NMIIX. This metric requires at least 12 months of historical daily returns to calculate. Check back once this data is available.

How it compares to other similar mutual funds

The table compares Neuberger Berman Municipal Impact Fund's Sharpe Ratio with other mutual funds in the Municipal Bonds category across multiple time periods, showing how NMIIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DFSMXDFA Short Term Municipal Bond Portfolio4.67
DFABXDFA Short-Term Selective State Municipal Bond Portfolio4.62
DNYMXDFA NY Municipal Bond Portfolio4.39
USMTXJPMorgan Ultra-Short Municipal Fund4.23
DFCMXDFA California Short Term Municipal Bond Portfolio4.22
USMSXJPMorgan Ultra-Short Municipal Fund3.98
BATVXBlackRock Allocation Target Shares3.57
BSNSXBaird Strategic Municipal Bond Fund3.50
ATOIXabrdn Ultra Short Municipal Income Fund3.49
BTMSXBaird Short-Term Municipal Bond Fund3.41
NMIIXNeuberger Berman Municipal Impact Fund—

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows NMIIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when NMIIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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