NBO Profile
Neuberger Berman New York Municipal Fund, Inc., a closed-ended fixed income mutual fund managed by Neuberger Berman Management LLC with co-management by Neuberger Berman LLC, focuses its investments within the United States' fixed income markets. Established on September 24, 2002, the fund specializes in tax-exempt municipal bonds characterized by remaining maturities of less than 15 years.
The fund employs a rigorous investment strategy, targeting securities rated in the top four categories by recognized statistical rating organizations. This approach ensures a high-quality portfolio aimed at delivering stable returns while mitigating credit risk. Neuberger Berman New York Municipal Fund, Inc. benchmarks its performance against the Barclays 10-Year Municipal Bond Index, providing stakeholders with a benchmark to assess its performance relative to the broader municipal bond market.
Formerly known as Neuberger Berman California Intermediate Municipal Fund Inc., the fund underwent a name change to better reflect its strategic focus on New York municipal bond investments. It remains domiciled in the United States, emphasizing its commitment to providing tax-efficient income solutions to investors seeking exposure to the municipal bond market.
In addition to its core investment activities, Neuberger Berman New York Municipal Fund, Inc. plays a crucial role in Neuberger Berman's portfolio of investment offerings, leveraging its expertise in fixed income management to meet the diverse financial objectives of its investors. The fund's management team's experience and disciplined approach underscore its dedication to delivering consistent value and performance in the competitive landscape of municipal bond investments.
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