Neuberger Berman Municipal Impact is managed by an experienced team, but it has yet to be tested over a longer period. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its most expensive share class is rated Negative.
Morningstar’s Fund Analysis NMIIX
Will NMIIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NMIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NMIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NMIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.