NMNCX Performance — Neuberger Berman Municipal Intermediate Bond Fund, Class C
Data updated: 2026-09-28
NMNCX returned +0.12% year to date and +3.33% over one year to Jul 2026. Annualised returns are +2.20% over 3 years and −0.67% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $107, against $109 for the category, and to $103 over one year, against $105. Volatility over the past three years was 4.35% a year. In the 12 months to Jul 2026 the fund took in a net $139.1M, and assets reached $327.02M.
NMNCX Growth of $100
What $100 invested in Neuberger Berman Municipal Intermediate Bond 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 | NMNCX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $107 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $97 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $102 | $109 |
NMNCX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.12% |
| 1 year | +3.33% |
| 3 years (annualised) | +2.20% |
| 5 years (annualised) | −0.67% |
NMNCX Annual Returns
Calendar-year total returns of Neuberger Berman Municipal Intermediate Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.12% |
| 2025 | +3.31% |
| 2024 | +0.82% |
| 2023 | +4.49% |
| 2022 | −10.32% |
| 2021 | +0.46% |
| 2020 | +2.91% |
| 2019 (Aug–Dec) | +0.56% |
NMNCX 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 | +0.7% | +1.2% | −2.0% | +0.8% | +0.4% | +0.6% | −1.4% | — | — | — | — | — |
| 2025 | +0.4% | +0.8% | −1.4% | −0.4% | +0.1% | +0.6% | 0.0% | +0.6% | +1.5% | +0.8% | +0.2% | +0.1% |
| 2024 | −0.1% | 0.0% | −0.1% | −1.1% | −0.4% | +1.4% | +0.9% | +0.8% | +1.0% | −1.5% | +1.2% | −1.0% |
| 2023 | +2.6% | −2.1% | +1.7% | −0.1% | −0.8% | +0.7% | +0.1% | −1.0% | −2.2% | −0.8% | +4.5% | +2.0% |
| 2022 | −2.9% | −0.8% | −3.1% | −2.7% | +0.9% | −1.6% | +2.5% | −2.1% | −3.6% | −0.6% | +3.4% | −0.1% |
| 2021 | +0.6% | −1.5% | +0.5% | +0.7% | +0.4% | +0.1% | +0.7% | −0.5% | −0.9% | −0.4% | +0.7% | 0.0% |
| 2020 | +1.7% | +1.3% | −4.7% | −1.8% | +3.0% | +1.1% | +1.6% | −0.5% | −0.3% | −0.2% | +1.3% | +0.8% |
| 2019 | — | — | — | — | — | — | — | +1.1% | −0.9% | +0.1% | +0.1% | +0.2% |
NMNCX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.35%
- 3-year Sharpe ratio: -0.53 (vs 4.5% risk-free rate)
- Best month: +4.48% (Nov 2023)
- Worst month: −2.18% (Sep 2023)
NMNCX Fund Flows
Monthly money in and out of Neuberger Berman Municipal Intermediate Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $139.1M
- 12-month gross sales (incl. reinvestments): $184.2M
- Sales ÷ redemptions: 4.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.9M | $5.3M | −$2.5M |
| Jun 2026 | $4.2M | $7.8M | −$3.6M |
| May 2026 | $146.3M | $11.0M | $135.2M |
| Apr 2026 | $5.8M | $3.4M | $2.4M |
| Mar 2026 | $5.1M | $3.0M | $2.2M |
| Feb 2026 | $3.0M | $1.8M | $1.3M |
| Jan 2026 | $2.7M | $1.4M | $1.3M |
| Dec 2025 | $6.3M | $3.1M | $3.2M |
| Nov 2025 | $1.9M | $1.8M | $75K |
| Oct 2025 | $2.2M | $1.7M | $488K |
| Sep 2025 | $1.7M | $3.0M | −$1.3M |
| Aug 2025 | $2.2M | $1.9M | $280K |
NMNCX Assets Under Management
Net assets of Neuberger Berman Municipal Intermediate Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $327.02M |
| 2026-04-30 | $200.43M |
| 2026-01-31 | $195.76M |
| 2025-10-31 | $190.16M |
| 2025-07-31 | $186.11M |
| 2025-04-30 | $186.53M |
| 2025-01-31 | $191.35M |
| 2024-10-31 | $190.81M |
| 2024-07-31 | $189.00M |
| 2024-04-30 | $180.67M |
| 2024-01-31 | $181.44M |
| 2023-10-31 | $175.91M |
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.