NBH Profile
Neuberger Berman Intermediate Municipal Fund Inc., a closed-ended fixed income mutual fund launched and overseen by Neuberger Berman LLC, operates with the co-management of Neuberger Berman Management LLC. The fund specializes in investing within the United States' fixed income markets, specifically focusing on municipal bonds. These bonds offer income that is exempt from federal income tax and typically have remaining maturities of less than 15 years.
The fund prudently selects securities rated in the top four categories by recognized statistical rating organizations, ensuring a high-quality investment portfolio. It aims to maintain a balanced weighted average duration ranging between three and eight years, aligning its investment strategy with market conditions and investor objectives.
Founded on July 29, 2002, and based in the United States, Neuberger Berman Intermediate Municipal Fund Inc. caters to investors seeking tax-efficient income solutions within the municipal bond sector. The fund's commitment to rigorous credit analysis and duration management underscores its objective to deliver stable returns while mitigating interest rate risks. As part of Neuberger Berman's comprehensive suite of investment offerings, the fund exemplifies the firm's dedication to providing tailored investment solutions that meet the diverse needs of its clientele.
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