First Trust Portfolios Amends Neuberger Berman Muni Fund Stake
Ticker: NBH · Form: SC 13G/A · Filed: Jan 17, 2024 · CIK: 1178839
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holdings
TL;DR
**First Trust Portfolios L.P. just updated their stake in Neuberger Berman Municipal Fund Inc. as of year-end 2023.**
AI Summary
First Trust Portfolios L.P. filed an amended Schedule 13G/A on January 17, 2024, indicating their ownership of Neuberger Berman Municipal Fund Inc. (CUSIP 64124P101) as of December 31, 2023. This filing, Amendment No. 15, updates their previous disclosures under Rule 13d-1(b). This matters to investors because it provides transparency into significant institutional holdings, showing that First Trust Portfolios L.P. continues to be a major holder in the fund, which can influence market perception and liquidity.
Why It Matters
This filing confirms First Trust Portfolios L.P.'s continued significant ownership in Neuberger Berman Municipal Fund Inc., offering transparency into institutional interest and potential stability for current and prospective shareholders.
Risk Assessment
Risk Level: low — This is a routine amendment filing, indicating no immediate significant change in ownership or strategy that would pose a high risk.
Analyst Insight
Investors should note the continued institutional interest from First Trust Portfolios L.P. in Neuberger Berman Municipal Fund Inc., which can signal stability, but this filing alone doesn't suggest a need for immediate action beyond routine monitoring.
Key Numbers
- 64124P101 — CUSIP Number (Identifies the specific class of securities (Common stock of Neuberger Berman Municipal Fund Inc.))
- 15 — Amendment Number (Indicates this is the fifteenth amendment to the original Schedule 13G filing by First Trust Portfolios L.P.)
- 0001445546-24-000369 — Accession Number (Unique identifier for this specific SEC filing.)
Key Players & Entities
- First Trust Portfolios L.P. (company) — Reporting Person
- Neuberger Berman Municipal Fund Inc. (company) — Subject Company (Issuer)
- First Trust Advisors L.P. (company) — Related Reporting Person
- The Charger Corporation (company) — Related Reporting Person
- December 31, 2023 (date) — Date of Event Which Requires Filing
Forward-Looking Statements
- First Trust Portfolios L.P. will maintain a significant stake in Neuberger Berman Municipal Fund Inc. (First Trust Portfolios L.P.) — high confidence, target: Next 12 months
- The ownership structure of Neuberger Berman Municipal Fund Inc. will remain stable from a major institutional holder perspective. (Neuberger Berman Municipal Fund Inc.) — medium confidence, target: Next 6 months
FAQ
What is the purpose of this specific filing, SC 13G/A?
This SC 13G/A filing is an amendment (Amendment No. 15) to a Schedule 13G, filed by First Trust Portfolios L.P. to update their beneficial ownership information regarding Neuberger Berman Municipal Fund Inc. as of December 31, 2023, under Rule 13d-1(b).
Who are the primary entities involved in this filing?
The primary entities are Neuberger Berman Municipal Fund Inc. as the Issuer, and First Trust Portfolios L.P. as the Reporting Person. First Trust Advisors L.P. and The Charger Corporation are also listed as related reporting persons.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common class of securities of Neuberger Berman Municipal Fund Inc. is 64124P101, as stated on the cover page of the filing.
When was the event that triggered this filing?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on the cover page of the SC 13G/A.
Under which SEC rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 17, 2024 by First Trust Portfolios L.P. regarding NEUBERGER BERMAN MUNICIPAL FUND INC. (NBH).