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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
2.25% -7.84% 233.28M 93000.47
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.15% 36.00% -- Upgrade

Basic Info

Investment Strategy
The Fund seeks to achieve its investment objective by normally investing at least 80% of its total assets n securities of municipal issuers that provide interest income that is exempt from federal income tax; the Fund will invest at least 70% of its total assets in municipal securities that, at the time of investment, are rated within the four highest rating categories by at least one independent credit rating agency or, if unrated, are determined by the Fund’s portfolio managers to be of comparable quality.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name High Yield Muni
Category Index Bloomberg 65% High Grade/35% HY TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Neuberger Berman
Prospectus Benchmark Index
Bloomberg 10Yrs Municipal Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
James Iselin 15.18 yrs
Stephen Miller 12.85 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: --
-4.377B Category Low
1.723B 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)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
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% Rank in Cat (NAV)
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As of January 27, 2023. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2016
2017
2018
2019
2020
2021
2022
YTD
8.86%
-4.41%
-9.39%
28.02%
3.73%
5.64%
-28.16%
9.50%
0.25%
5.45%
1.28%
7.54%
5.21%
1.52%
-8.53%
2.83%
2.66%
14.08%
-12.84%
21.98%
-1.55%
11.40%
-22.33%
9.89%
-3.67%
4.94%
-2.22%
15.87%
7.99%
2.65%
-25.97%
10.48%
4.43%
11.53%
-3.89%
28.84%
0.74%
7.04%
-23.19%
6.18%
-2.36%
2.36%
-7.08%
21.00%
0.93%
11.08%
-29.32%
6.75%
As of January 27, 2023.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-30-23) 5.15%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.94%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of December 31, 2022

Asset Allocation

As of December 31, 2022.
Type % Net % Long % Short
Cash 0.51% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.49% 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%
4.09% -- --
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%
3.10% -- --
VICTOR VALLEY CALIF CMNTY COLLEGE DIST 6.875%
3.02% -- --
METROPOLITAN TRANSN AUTH N Y REV 4%
1.92% -- --
SAN MATEO FOSTER CITY CALIF SCH DIST 0%
1.87% -- --
VANCOUVER WASH DOWNTOWN REDEV AUTH REV 4%
1.85% -- --
NORWALK LA MIRADA CALIF UNI SCH DIST 5.5%
1.80% -- --
NEW JERSEY ST TRANSN TR FD AUTH 4%
1.68% -- --
HILLSBOROUGH CNTY FLA INDL DEV AUTH HOSP REV 3.5%
1.68% -- --
CALIFORNIA ST 3%
1.64% -- --

Basic Info

Investment Strategy
The Fund seeks to achieve its investment objective by normally investing at least 80% of its total assets n securities of municipal issuers that provide interest income that is exempt from federal income tax; the Fund will invest at least 70% of its total assets in municipal securities that, at the time of investment, are rated within the four highest rating categories by at least one independent credit rating agency or, if unrated, are determined by the Fund’s portfolio managers to be of comparable quality.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name High Yield Muni
Category Index Bloomberg 65% High Grade/35% HY TR USD
Global Category Name US Municipal Fixed Income
YCharts Categorization US Municipal Bond
YCharts Benchmark Bloomberg Municipal Bond (^BBMBTR)
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Neuberger Berman
Prospectus Benchmark Index
Bloomberg 10Yrs Municipal Bond TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
James Iselin 15.18 yrs
Stephen Miller 12.85 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-30-23) 5.15%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.94%
Yield to Maturity --
Effective Duration --
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of December 31, 2022

Fund Details

Key Dates
Inception Date 9/27/2002
Last Annual Report Date 10/31/2022
Last Prospectus Date 9/24/2002
Attributes
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

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