Neuberger Berman Income Funds - Neuberger Municipal Fund Inc.

Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (NBH) is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund primarily invests in municipal bonds issued within the United States, focusing on securities that generate income exempt from federal income tax. It targets bonds with remaining maturities of less than 15 years and seeks to maintain a weighted average duration between three and eight years. The fund invests in bonds rated in the four highest categories by nationally recognized statistical rating organizations, aiming to provide a balance of income and relative safety. It is co-managed by Neuberger Berman Management LLC.

NBH is listed on the NYSE American exchange under the ticker symbol NBH. It trades in U.S. dollars (USD), reflecting its focus on U.S. municipal bonds and its domicile in the United States. The fund's listing on a major U.S. exchange provides liquidity and accessibility for investors seeking tax-exempt income from municipal securities.

NBH operates in the Financial Services sector, specifically within the Asset Management industry. As a closed-ended fixed income mutual fund, it falls under asset management because its primary business is managing a portfolio of municipal bonds on behalf of investors. The fund is managed by Neuberger Berman LLC, a well-known asset management firm, and focuses on generating tax-exempt income through professional bond selection and portfolio management.

NBH is domiciled in the United States and focuses exclusively on the U.S. fixed income markets. It invests in municipal bonds issued by U.S. states, cities, counties, and other governmental entities. The fund's income is exempt from federal income tax, making it particularly attractive to U.S. investors seeking tax-advantaged returns. The fund was formed on July 29, 2002, and has since served investors looking for exposure to high-quality municipal bonds with moderate duration.

NBH generates returns primarily through interest income from its portfolio of municipal bonds. The fund invests in bonds rated in the four highest credit categories, which typically offer lower yields but greater safety. By maintaining a weighted average duration of three to eight years, the fund balances income generation with interest rate risk. The tax-exempt nature of the bond income enhances after-tax returns for U.S. investors. As a closed-ended fund, NBH may also use leverage to amplify returns, though the summary does not specify this. The fund is managed by Neuberger Berman LLC, which selects bonds based on credit quality and maturity constraints.