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Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Berman Municipal Fund Inc

XNBHX | Fund

$11.89

$243 M

0.00%

1.58%

Vitals

YTD Return

-1.7%

1 yr return

7.8%

3 Yr Avg Return

-7.3%

5 Yr Avg Return

-5.0%

Net Assets

$243 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.58%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Berman Municipal Fund Inc

XNBHX | Fund

$11.89

$243 M

0.00%

1.58%

XNBHX - Profile

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return -7.3%
  • 5 Yr Annualized Total Return -5.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Neuberger Berman Municipal Fund Inc
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Oct 22, 2002
  • Shares Outstanding
    18834989
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Iselin

Fund Description

XNBHX - Performance

Return Ranking - Trailing

Period XNBHX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -2.2% 11.2% 98.53%
1 Yr 7.8% 1.9% 21.3% 96.08%
3 Yr -7.3%* -8.6% 2.8% 96.98%
5 Yr -5.0%* -5.1% 3.7% 99.49%
10 Yr -0.5%* -0.5% 155.4% 100.00%

* Annualized

Return Ranking - Calendar

Period XNBHX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -6.2% 7.5% 42.16%
2022 -21.8% -26.9% -3.5% 93.53%
2021 -1.9% -1.9% 5.6% 100.00%
2020 -0.3% -4.0% 4.2% 71.57%
2019 4.1% -0.7% 9.1% 83.25%

Total Return Ranking - Trailing

Period XNBHX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -2.2% 11.2% 98.53%
1 Yr 7.8% 1.9% 21.3% 96.08%
3 Yr -7.3%* -8.6% 2.8% 96.98%
5 Yr -5.0%* -5.1% 3.7% 99.49%
10 Yr -0.5%* -0.5% 155.4% 100.00%

* Annualized

Total Return Ranking - Calendar

Period XNBHX Return Category Return Low Category Return High Rank in Category (%)
2023 3.2% -4.1% 10.9% 94.12%
2022 -21.8% -26.9% 4.3% 93.53%
2021 -1.9% -1.9% 10.0% 100.00%
2020 -0.3% -2.6% 8.2% 94.92%
2019 6.7% -0.7% 1028633.9% 89.01%

NAV & Total Return History

XNBHX - Holdings

Concentration Analysis

XNBHX Category Low Category High XNBHX % Rank
Net Assets 243 M 9.79 K 16.6 B 79.70%
Number of Holdings 241 1 3325 73.13%
Net Assets in Top 10 92.4 M -102 M 3.51 B 58.21%
Weighting of Top 10 22.58% 4.6% 98.8% 15.00%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 4.07%
  2. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 3.22%
  3. VICTOR VALLEY CALIF CMNTY COLLEGE DIST 6.875% 2.79%
  4. J P MORGAN CHASE PUTTERS / DRIVERS TR VAR STS 0.31% 2.38%
  5. TENDER OPT BD TR RCPTS / CTFS VAR STS 0.54% 2.32%
  6. METROPOLITAN TRANSN AUTH N Y REV 4% 2.00%
  7. NEW JERSEY ST TRANSN TR FD AUTH 4% 1.98%
  8. HILLSBOROUGH CNTY FLA INDL DEV AUTH HOSP REV 3.5% 1.83%
  9. CALIFORNIA ST 3% 1.75%
  10. VANCOUVER WASH DOWNTOWN REDEV AUTH REV 4% 1.67%

Asset Allocation

Weighting Return Low Return High XNBHX % Rank
Bonds 		99.62% 0.00% 146.69% 41.18%
Cash 		0.37% -0.64% 100.00% 59.70%
Stocks 		0.00% 0.00% 99.62% 94.12%
Preferred Stocks 		0.00% -47.61% 0.00% 90.55%
Other 		0.00% -5.59% 5.07% 83.08%
Convertible Bonds 		0.00% 0.00% 0.00% 90.55%

Bond Sector Breakdown

Weighting Return Low Return High XNBHX % Rank
Municipal 		99.63% 0.00% 100.00% 22.89%
Cash & Equivalents 		0.37% 0.00% 100.00% 31.84%
Derivative 		0.00% -7.53% 2.16% 81.09%
Securitized 		0.00% 0.00% 22.44% 90.55%
Corporate 		0.00% 0.00% 2.83% 94.53%
Government 		0.00% 0.00% 0.09% 90.55%

Bond Geographic Breakdown

Weighting Return Low Return High XNBHX % Rank
US 		95.29% 0.00% 139.84% 81.59%
Non US 		4.33% 0.00% 13.35% 2.99%

XNBHX - Expenses

Operational Fees

XNBHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.58% 0.22% 3.44% 25.62%
Management Fee 0.25% 0.00% 1.41% 2.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.30% 0.02% 0.35% 98.33%

Sales Fees

XNBHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

XNBHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XNBHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 2.00% 121.00% 20.11%

XNBHX - Distributions

Dividend Yield Analysis

XNBHX Category Low Category High XNBHX % Rank
Dividend Yield 0.00% 0.00% 5.94% 100.00%

Dividend Distribution Analysis

XNBHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

XNBHX Category Low Category High XNBHX % Rank
Net Income Ratio 4.77% 1.11% 5.44% 2.94%

Capital Gain Distribution Analysis

XNBHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XNBHX - Fund Manager Analysis

Managers

James Iselin

Start Date

Tenure

Tenure Rank

Oct 31, 2007

14.59

14.6%

Managing Director, joined the firm in 2006. Jamie is the Head of the Municipal Fixed Income Team and a Senior Portfolio Manager. Additionally, he co-manages the Neuberger Berman New York, California and Municipal Fund Inc. closed-end bond funds as well as the Neuberger Berman Municipal Intermediate Bond Fund, the Neuberger Berman Municipal Impact Fund and the Neuberger Berman Municipal High Income Fund. Prior to joining the firm, he was a managing director and senior portfolio manager with Robeco Weiss, Peck & Greer in the Municipal Fixed Income group, where he worked since 1993. Jamie holds a BA in Philosophy from Denison University

Stephen Miller

Start Date

Tenure

Tenure Rank

Mar 01, 2010

12.26

12.3%

S. Blake Miller, CFA, Managing Director, joined the firm in 2008. Blake is a Senior Portfolio Manager for the Municipal Fixed Income team. Additionally, he co-manages the Neuberger Berman New York, California and Municipal Fund Inc. closed-end bond funds as well as the Neuberger Berman Municipal Intermediate Bond Fund, the Neuberger Berman Municipal Impact Fund and the Neuberger Berman Municipal High Income Fund. Prior to this, he was the head of Municipal Securities at Weiss, Peck & Greer, where he worked since 1986 and was responsible for all aspects of municipal fixed income investing, including portfolio management, investment strategy, and trading. Blake holds a BS degree from the McIntire School of Commerce, the University of Virginia. He has been awarded the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.55 2.52

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