Neuberger Berman Municipal Intermediate Bond Fund (NMUIX)
The investment seeks high current income exempt from federal income tax that is consistent with low risk to principal and liquidity; total return is a secondary goal. To pursue its goals, the fund normally invests at least 80% of its total assets in securities of municipal issuers within the U.S. and its territories; however, it 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. The fund's dividends are generally exempt from federal income tax, although shareholders may have to pay an alternative minimum tax on income deemed to be a Tax Preference Item.
Fund Info
| ISIN | US64128K8430 |
|---|---|
| CUSIP | 64128K843 |
| Issuer | Neuberger Berman |
| Inception Date | Jul 8, 1987 |
| Category | Municipal Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
NMUIX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: NMUIX vs. GILHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Neuberger Berman Municipal Intermediate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Neuberger Berman Municipal Intermediate Bond Fund had a return of 1.63% year-to-date (YTD) and 6.51% in the last 12 months. Over the past 10 years, Neuberger Berman Municipal Intermediate Bond Fund had an annualized return of 1.42%, while the S&P 500 had an annualized return of 11.39%, indicating that Neuberger Berman Municipal Intermediate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.63% | 25.45% |
| 1 month | -0.49% | 2.91% |
| 6 months | 1.96% | 14.05% |
| 1 year | 6.51% | 35.64% |
| 5 years (annualized) | 0.44% | 14.13% |
| 10 years (annualized) | 1.42% | 11.39% |
Monthly Returns
The table below presents the monthly returns of NMUIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.06% | 0.04% | -0.06% | -1.06% | -0.32% | 1.45% | 0.87% | 0.96% | 0.96% | -1.39% | 1.63% | ||
| 2023 | 2.70% | -1.98% | 1.77% | 0.02% | -0.81% | 0.77% | 0.20% | -0.80% | -2.10% | -0.82% | 4.66% | 2.07% | 5.60% |
| 2022 | -2.83% | -0.60% | -3.02% | -2.59% | 0.89% | -1.47% | 2.57% | -1.99% | -3.41% | -0.58% | 3.45% | 0.01% | -9.40% |
| 2021 | 0.80% | -1.47% | 0.55% | 0.81% | 0.48% | 0.23% | 0.72% | -0.42% | -0.75% | -0.35% | 0.81% | -0.52% | 0.86% |
| 2020 | 1.70% | 1.35% | -4.65% | -1.68% | 2.96% | 1.23% | 1.61% | -0.38% | -0.19% | -0.25% | 1.50% | 0.39% | 3.44% |
| 2019 | 0.88% | 0.54% | 1.14% | 0.20% | 1.39% | 0.46% | 0.70% | 1.20% | -0.77% | 0.13% | 0.13% | 0.22% | 6.38% |
| 2018 | -1.19% | -0.34% | 0.35% | -0.25% | 0.87% | 0.10% | 0.28% | 0.10% | -0.59% | -0.68% | 1.07% | 1.25% | 0.95% |
| 2017 | 0.42% | 0.41% | 0.24% | 0.68% | 1.28% | -0.34% | 0.68% | 0.59% | -0.50% | 0.16% | -0.67% | 0.60% | 3.59% |
| 2016 | 1.26% | 0.18% | 0.07% | 0.58% | -0.02% | 1.41% | 0.07% | -0.01% | -0.34% | -0.84% | -3.02% | 0.07% | -0.64% |
| 2015 | 1.78% | -1.12% | 0.18% | -0.48% | -0.41% | -0.07% | 0.60% | 0.18% | 0.53% | 0.35% | 0.19% | 0.35% | 2.06% |
| 2014 | 1.96% | 1.08% | -0.24% | 1.06% | 0.96% | 0.10% | 0.10% | 1.03% | -0.07% | 0.60% | 0.10% | 0.10% | 6.98% |
| 2013 | 0.26% | 0.27% | -0.42% | 1.19% | -1.73% | -2.77% | -0.33% | -1.05% | 2.23% | 0.88% | -0.41% | -0.93% | -2.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMUIX is 46, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Neuberger Berman Municipal Intermediate Bond Fund provided a 2.68% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.27 | $0.23 | $0.22 | $0.24 | $0.29 | $0.28 | $0.23 | $0.23 | $0.26 | $0.27 | $0.26 |
Dividend yield | 2.68% | 2.45% | 2.11% | 1.78% | 1.95% | 2.44% | 2.39% | 1.98% | 1.98% | 2.21% | 2.25% | 2.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Neuberger Berman Municipal Intermediate Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.25 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2014 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Neuberger Berman Municipal Intermediate Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Neuberger Berman Municipal Intermediate Bond Fund was 13.92%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Neuberger Berman Municipal Intermediate Bond Fund drawdown is 3.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.92% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.69% | Mar 10, 2020 | 9 | Mar 20, 2020 | 185 | Dec 11, 2020 | 194 |
| -8.21% | Jan 24, 2008 | 184 | Oct 15, 2008 | 60 | Jan 12, 2009 | 244 |
| -7.47% | Feb 1, 1994 | 211 | Nov 22, 1994 | 93 | Mar 31, 1995 | 304 |
| -6.73% | Dec 10, 2012 | 186 | Sep 5, 2013 | 205 | Jun 30, 2014 | 391 |
Volatility
Volatility Chart
The current Neuberger Berman Municipal Intermediate Bond Fund volatility is 1.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.