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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.03% 3.74% 281.41M 26719.43
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
8.53% 39.00% -- Upgrade

Basic Info

Investment Strategy
The objective is to provide a high level of current income exempt from federal income tax. The Fund will primarily invest in investment grade municipal debt securities issued by state and local governments, including U.S. territories and possessions, political subdivisions, agencies and public authorities. The Fund has the flexibility to invest in municipal obligations regardless of maturity and duration limitations. Additionally, the Fund may invest up to 30% of the Fund's total assets in non-investment grade municipal bonds.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Interm
Category Index Bloomberg Municipal 1-15 Yr TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Neuberger Berman
Prospectus Benchmark Index
LB General Obligation Municipal 10 Yr 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
James Iselin 13.93 yrs
Stephen Miller 11.59 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-1.282B Category Low
8.364B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
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Total Return (NAV)
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--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of October 20, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
17.74%
6.68%
9.33%
-4.02%
-9.40%
28.02%
3.73%
9.46%
9.05%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
0.65%
13.35%
9.81%
-2.47%
2.41%
-6.58%
12.78%
4.62%
7.80%
--
--
--
--
--
19.25%
0.62%
8.97%
--
--
--
--
--
--
--
11.36%
26.20%
10.82%
10.67%
10.21%
-3.75%
19.55%
11.35%
-1.33%
As of October 20, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-21-21) 8.53%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.26%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of September 30, 2021

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash 1.23% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 98.77% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%
4.14% -- --
VICTOR VALLEY CALIF CMNTY COLLEGE DIST 6.875%
2.82% -- --
HILLSBOROUGH CNTY FLA INDL DEV AUTH HOSP REV 3.5%
2.15% -- --
METROPOLITAN TRANSN AUTH N Y REV 4%
2.10% -- --
NEW JERSEY ST TRANSN TR FD AUTH 4%
2.06% -- --
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%
1.81% -- --
NORWALK LA MIRADA CALIF UNI SCH DIST 5.5%
1.64% -- --
SAN MATEO FOSTER CITY CALIF SCH DIST 0%
1.60% -- --
VANCOUVER WASH DOWNTOWN REDEV AUTH REV 4%
1.58% -- --
REDONDO BEACH CALIF UNI SCH DIST 6.375%
1.41% -- --

Basic Info

Investment Strategy
The objective is to provide a high level of current income exempt from federal income tax. The Fund will primarily invest in investment grade municipal debt securities issued by state and local governments, including U.S. territories and possessions, political subdivisions, agencies and public authorities. The Fund has the flexibility to invest in municipal obligations regardless of maturity and duration limitations. Additionally, the Fund may invest up to 30% of the Fund's total assets in non-investment grade municipal bonds.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni National Interm
Category Index Bloomberg Municipal 1-15 Yr TR USD
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Neuberger Berman
Prospectus Benchmark Index
LB General Obligation Municipal 10 Yr 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
James Iselin 13.93 yrs
Stephen Miller 11.59 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-21-21) 8.53%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.26%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of September 30, 2021

Fund Details

Key Dates
Inception Date 9/27/2002
Last Annual Report Date 10/31/2020
Last Prospectus Date 9/24/2002
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No