NMIIX Performance — Neuberger Berman Municipal Impact Fund, Institutional Class
Data updated: 2026-06-26
NMIIX returned +0.73% year to date and +5.01% over one year to Apr 2026. Annualised returns are +2.87% over 3 years and +0.48% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $109, against $110 for the category, and to $105 over one year, against $106. Volatility over the past three years was 4.36% a year. In the 12 months to Apr 2026 the fund took in a net $2.0M, and assets reached $77.81M.
NMIIX Growth of $100
What $100 invested in Neuberger Berman Municipal Impact Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | NMIIX | Category average |
|---|---|---|
| 1 year (May 2025 – Apr 2026) | $105 | $106 |
| 3 years (May 2023 – Apr 2026) | $109 | $110 |
| 5 years (May 2021 – Apr 2026) | $102 | $104 |
| Since data start (Aug 2019 – Apr 2026) | $108 | $110 |
NMIIX Trailing Returns
Total returns to Apr 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.73% |
| 1 year | +5.01% |
| 3 years (annualised) | +2.87% |
| 5 years (annualised) | +0.48% |
NMIIX Annual Returns
Calendar-year total returns of Neuberger Berman Municipal Impact Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Apr) | +0.73% |
| 2025 | +3.88% |
| 2024 | +1.21% |
| 2023 | +4.35% |
| 2022 | −7.99% |
| 2021 | +0.86% |
| 2020 | +4.29% |
| 2019 (Aug–Dec) | +1.04% |
NMIIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +0.9% | −1.6% | +0.8% | — | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.4% | −0.3% | +0.2% | +0.8% | +0.1% | +0.6% | +1.4% | +0.7% | +0.2% | +0.2% |
| 2024 | −0.3% | +0.1% | −0.1% | −0.9% | −0.3% | +1.4% | +0.8% | +0.7% | +0.7% | −1.1% | +1.2% | −0.9% |
| 2023 | +2.5% | −2.5% | +2.0% | −0.3% | −1.0% | +0.8% | +0.2% | −0.9% | −2.2% | −1.0% | +5.1% | +2.0% |
| 2022 | −2.5% | −0.5% | −2.9% | −2.6% | +1.5% | −1.3% | +2.4% | −2.3% | −3.2% | −0.5% | +3.6% | +0.3% |
| 2021 | +0.5% | −1.5% | +0.4% | +0.7% | +0.3% | +0.2% | +0.6% | −0.2% | −0.7% | −0.1% | +0.6% | 0.0% |
| 2020 | +1.6% | +0.9% | −2.5% | −0.7% | +2.9% | +0.2% | +1.1% | −0.3% | 0.0% | −0.2% | +1.1% | +0.3% |
| 2019 | — | — | — | — | — | — | — | +1.2% | −0.7% | +0.1% | +0.1% | +0.2% |
NMIIX Risk
Risk measures from monthly returns over May 2023 – Apr 2026.
- 3-year volatility (annualised): 4.36%
- 3-year Sharpe ratio: -0.37 (vs 4.5% risk-free rate)
- Best month: +5.10% (Nov 2023)
- Worst month: −2.25% (Sep 2023)
NMIIX Fund Flows
Monthly money in and out of Neuberger Berman Municipal Impact Fund, from SEC Form N-PORT.
- 12-month net flow: $2.0M
- 12-month gross sales (incl. reinvestments): $15.0M
- Sales ÷ redemptions: 1.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Apr 2026 | $1.5M | $1.9M | −$464K |
| Mar 2026 | $1.1M | $1.6M | −$504K |
| Feb 2026 | $859K | $1.0M | −$147K |
| Jan 2026 | $1.3M | $1.7M | −$481K |
| Dec 2025 | $1.4M | $709K | $666K |
| Nov 2025 | $556K | $1.1M | −$575K |
| Oct 2025 | $1.4M | $1.0M | $343K |
| Sep 2025 | $2.1M | $612K | $1.5M |
| Aug 2025 | $547K | $236K | $311K |
| Jul 2025 | $2.3M | $705K | $1.6M |
| Jun 2025 | $1.3M | $1.7M | −$408K |
| May 2025 | $661K | $529K | $133K |
NMIIX Assets Under Management
Net assets of Neuberger Berman Municipal Impact Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-04-30 | $77.81M |
| 2026-01-31 | $79.42M |
| 2025-10-31 | $79.63M |
| 2025-07-31 | $75.94M |
| 2025-04-30 | $74.38M |
| 2025-01-31 | $76.50M |
| 2024-10-31 | $74.29M |
| 2024-07-31 | $76.40M |
| 2024-04-30 | $75.11M |
| 2024-01-31 | $77.70M |
| 2023-10-31 | $69.12M |
| 2023-07-31 | $73.82M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.