Neuberger Berman Municipal High Income Fund Class A is an open-ended mutual fund primarily focused on generating high after-tax income for investors through a diversified portfolio of municipal bonds. Its portfolio blends both investment grade and non-investment grade municipal securities, seeking to capitalize on opportunities with compelling yield while managing credit risk through rigorous research and fundamental credit analysis. The fund emphasizes capital preservation and aims to provide tax-exempt income, making it an attractive choice for investors seeking diversification from corporate debt and equity, as municipal bonds historically exhibit lower default rates and distinctive market behavior. The fund’s management applies environmental, social, and governance (ESG) considerations as part of its credit review process, evaluating both governance practices and social/environmental risk factors. Supported by a team of experienced portfolio managers and extensive municipal market expertise, this fund plays a specialized role in the fixed income market by targeting higher-yielding municipal instruments while appealing to investors who prioritize steady, tax-advantaged income streams and robust credit analysis in their municipal bond allocations.
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