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Neuberger Berman Municipal Impact Fund (NMIIX) Sortino Ratio

Mutual Fund · Currency in USD · Last updated Jun 24, 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.

Sortino 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 Sortino 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 Jun 24, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
ATOIXabrdn Ultra Short Municipal Income Fund17.32
DFABXDFA Short-Term Selective State Municipal Bond Portfolio12.57
FHMIXFederated Hermes Conservative Municipal Microshort Fund11.51
TFCYXSEI Institutional Managed Trust Tax-Free Conservative Income Fund10.90
DFCMXDFA California Short Term Municipal Bond Portfolio10.44
DNYMXDFA NY Municipal Bond Portfolio10.04
APUSXCavanal Hill Ultra Short Tax-Free Income Fund9.99
USMTXJPMorgan Ultra-Short Municipal Fund9.03
USMSXJPMorgan Ultra-Short Municipal Fund8.87
DFSMXDFA Short Term Municipal Bond Portfolio8.56
NMIIXNeuberger Berman Municipal Impact Fund—

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows NMIIX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. 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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