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Morningstar

Neuberger Berman Municipal Hi Inc A NMHAX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 9.22  /  +0.01 %
  • Total Assets 61.7 Mil
  • Adj. Expense Ratio
    0.880%
  • Expense Ratio 0.880%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.43%
  • Effective Duration 7.92 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis NMHAX

Will NMHAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NMHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the NMHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of NMHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Neuberger Berman Municipal Hi Inc A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings NMHAX

More NMHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
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OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REV 5%

2.20 1.4 Mil
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MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

2.18 1.4 Mil
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MARICOPA CNTY ARIZ INDL DEV AUTH EXEMPT FACS REV 4%

2.16 1.3 Mil
municipal

OHIO ST AIR QUALITY DEV AUTH REV 2.6%

2.13 1.3 Mil
municipal

PUBLIC FIN AUTH WIS EXEMPT FACS REV 4.3%

1.85 1.2 Mil
municipal

PUBLIC FIN AUTH WIS TAX INCREMENT REV 5%

1.56 971,991
municipal

BATESVILLE ARK PUB FACS BRD HOSP REV 3%

1.50 937,829
municipal

CALIFORNIA HSG FIN AGY MUN CTFS 4.25%

1.49 929,501
municipal