The Neuberger Berman Municipal Intermediate Bond Fund Investor Class is an open-end mutual fund specializing in municipal bonds issued by various U.S. state and local governments. Its primary objective is to provide high current income exempt from federal income tax while maintaining low principal risk and liquidity, making it a key tool for tax-sensitive investors seeking moderate risk exposure. The fund targets municipal securities with intermediate durations, typically 4 to 6 years, balancing interest rate sensitivity and return potential. Portfolio management emphasizes fundamental credit research and maintains a high-quality bias, supported by experienced professionals. The fund integrates environmental, social, and governance considerations into its credit analysis, reflecting a comprehensive approach to risk. Its assets span diverse municipal sectors, supporting public infrastructure projects across the nation. With a competitive expense ratio and a cost structure notably below many peers, the fund plays a significant role in the municipal bond market, serving individuals and institutions looking for federally tax-exempt income through diversified, actively managed fixed-income exposure.
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