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Morningstar

Neuberger Berman Municipal Impact I NMIIX

Morningstar Medalist Rating
Medalist Rating as of | See Neuberger Berman Investment Hub
  • NAV / 1-Day Return 15.53  /  0.14 %
  • Total Assets 71.6 Mil
  • Adj. Expense Ratio
    0.430%
  • Expense Ratio 0.430%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 2.10%
  • Effective Duration 5.37 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis NMIIX

Will NMIIX 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 NMIIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the NMIIX 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 NMIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sensible ESG-focused muni offering.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. The following text is from Oct. 14, 2022. An experienced cohort of portfolio managers and credit analysts guide this conservatively positioned municipal bond strategy that is still carving out a space within its impact niche.

by Max Curtin
Rated on Published on

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Portfolio Holdings NMIIX

More NMIIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 111
  • Other Holdings 2
  • % Assets in Top 10 Holdings 18.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

METROPOLITAN TRANSN AUTH N Y REV 3.95%

3.08
2,255,000
municipal

SAN ANTONIO TEX WTR REV 5%

2.03
1,484,365
municipal

UNIVERSITY COLO ENTERPRISE SYS REV 2%

1.93
1,416,016
municipal

MIAMI-DADE CNTY FLA 5%

1.76
1,286,136
municipal

VIRGINIA ST HSG DEV AUTH 2.9%

1.70
1,246,284
municipal

LOUISIANA PUB FACS AUTH REV 5%

1.69
1,233,806
municipal

DILLON CNTY S C SCH FACS CORP CTFS PARTN 5%

1.68
1,230,109
municipal

DISCOVERY CLEAN WTR ALLIANCE WASH SWR REV 5%

1.51
1,102,032
municipal

NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5%

1.51
1,101,693
municipal

WESLACO TEX 5%

1.48
1,084,959
municipal