Neuberger Municipal High Income Fund (NMHAX) Discloses Jan 31 Portfolio

TL;DR

**NMHAX just dropped its Jan 31 portfolio, time to check those muni holdings!**

AI Summary

Neuberger Berman Income Funds, specifically the Neuberger Municipal High Income Fund (NMHAX), filed its monthly portfolio report (NPORT-P) on March 24, 2026, detailing its holdings as of January 31, 2026. This filing provides a transparent look into the fund's municipal bond investments, which are often tax-exempt. For investors, understanding these holdings is crucial as it reveals the fund's strategy and exposure to various municipal issuers, directly impacting the fund's risk and potential returns.

Why It Matters

This filing offers a detailed look at the specific municipal bonds held by the fund, allowing investors to assess the credit quality and diversification of their investment.

Risk Assessment

Risk Level: medium — The fund invests in municipal high-income bonds, which carry credit risk and interest rate risk, making it a medium-risk investment.

Analyst Insight

Investors in NMHAX should review the detailed NPORT-P filing to understand the specific municipal bonds held, assessing their credit ratings and maturity dates to ensure alignment with their investment goals and risk tolerance.

Key Numbers

• 2026-03-24 — Filing Date (Date the NPORT-P was filed with the SEC)
• 0001410368-26-029180 — SEC Accession No. (Unique identifier for this specific filing)
• 811-03802 — File No. (Registration number for the investment company)
• 1031 — Fiscal Year End (The month and day the fund's fiscal year ends)

Key Players & Entities

• NEUBERGER BERMAN INCOME FUNDS (company) — Filer of the NPORT-P report
• Neuberger Municipal High Income Fund (company) — Specific fund within Neuberger Berman Income Funds
• NMHAX (company) — Ticker symbol for Class A shares of the Neuberger Municipal High Income Fund
• 0000723620 (company) — CIK for NEUBERGER BERMAN INCOME FUNDS
• 2026-01-31 (date) — Period of Report for the NPORT-P filing

Forward-Looking Statements

• Investors will use this NPORT-P filing to evaluate the credit quality and diversification of the Neuberger Municipal High Income Fund's (NMHAX) bond holdings. (NMHAX) — high confidence, target: 2026-04-30
• The detailed portfolio information will help financial advisors recommend or adjust client allocations to municipal bond funds based on current market conditions. (financial advisors) — medium confidence, target: 2026-05-31

FAQ

Filing Documents

• primary_doc.html (NPORT-P)
• primary_doc.xml (NPORT-P) — 170KB
• NPORT_9WN4_30642992_0126.htm (NPORT-EX) — 15094KB
• 0001410368-26-029180.txt ( ) — 15266KB
• S000049669
• C000157071 (NMHAX)
• C000157072 (NMHCX)
• C000157073 (NMHIX)

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM NPORT-P Monthly Portfolio Investments Report NPORT-P: Filer Information ********   Is this a LIVE or TEST Filing? LIVE TEST Would you like a Return Copy? Is this an electronic copy of an official filing submitted in paper format? Submission Contact Information Name   Phone   E-Mail Address   Notification Information Notify via Filing Website only? Series ID S000049669   Class (Contract) ID C000157071   Class (Contract) ID C000157072   Class (Contract) ID C000157073   NPORT-P: Part A: General Information Item A.1. Information about the Registrant. a. Name of Registrant NEUBERGER BERMAN INCOME FUNDS   b. Investment Company Act file number for Registrant: (e.g., 811-______) 811-03802   c. CIK number of Registrant d. LEI of Registrant 54930087F7MMJ21RIJ90   e. Address and telephone number of Registrant. Street Address 1 1290 AVENUE OF THE AMERICAS   Street Address 2   NEW YORK   Foreign country, if applicable UNITED STATES OF AMERICA   10104   Telephone number 212-476-8800   Item A.2. Information about the Series. a. Name of Series. Neuberger Berman Municipal High Income Fund   b. EDGAR series identifier (if any). S000049669   c. LEI of Series. 54930023X8EDTL8TWS17   Item A.3. Reporting period. a. Date of fiscal year-end. 2026-10-31   b. Date as of which information is reported. 2026-01-31   Item A.4. Final filing Does the Fund anticipate that this will be its final filing on Form N PORT? Yes No NPORT-P: Part B: Information About the Fund Report the following information for the Fund and its consolidated subsidiaries. Item B.1. Assets and liabilities. Report amounts in U.S. dollars. a. Total assets, including assets attributable to miscellaneous securities reported in Part D. 69202395.42   b. Total liabilities. 325308.29   c. Net assets. 68877087.13   Item B.2. Certain assets and liabilities. Report amounts in U.S. dollars. a. Assets attributable to miscellaneous securities reported in Part D. 0.00000000   b. Assets invested in a Controlled Foreign Corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities. 0.00000000   c. Borrowings attributable to amounts payable for notes payable, bonds, and similar debt, as reported pursuant to rule 6-04(13)(a) of Regulation S-X [17 CFR 210.6-04(13)(a)]. Amounts payable within one year. Banks or other financial institutions for borrowings. 0.00000000   Controlled companies. 0.00000000   Other affiliates. 0.00000000   Others. 0.00000000   Amounts payable after one year. Banks or other financial institutions for borrowings. 0.00000000   Controlled companies. 0.00000000   Other affiliates. 0.00000000   Others. 0.00000000   d. Payables for investments purchased either (i) on a delayed delivery, when-issued, or other firm commitment basis, or (ii) on a standby commitment basis. (i) On a delayed delivery, when-issued, or other firm commitment basis: 0.00000000   (ii) On a standby commitment basis: 0.00000000   e. Liquidation preference of outstanding preferred stock issued by the Fund. 0.00000000   f. Cash and cash equivalents not reported in Parts C and D. 67042.57000000   Item B.3. Portfolio level risk metrics. If the average value of the Fund's debt securities positions for the previous three months, in the aggregate, exceeds 25% or more of the Fund's net asset value, provide: Currency Metric: 1 ISO Currency code United States Dollar   a. Interest Rate Risk (DV01). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 1 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Maturity period. 3 month. -313.47000000   1 year. -1817.64000000   5 years. -8049.28000000   10 years. -19700.23000000   30 years. -9646.52000000   b. Interest Rate Risk (DV100). For each currency for which the Fund had a value of 1% or more of the Fund’s net asset value, provide the change in value of the portfolio resulting from a 100 basis point change in interest rates, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Maturity period. 3 month. -32492.73000000   1 year. -193580.82000000   5 years. -873624.04000000   10 years. -2101648.53000000   30 years. -1031284.71000000   c. Credit Spread Risk (SDV01, CR01 or CS01). Provide the change in value of the portfolio resulting from a 1 basis point change in credit spreads where the shift is applied to the option adjusted spread, aggregated by investment grade and non-investment grade exposures, for each of the following maturities: 3 month, 1 year, 5 years, 10 years, and 30 years. Investment grade. Maturity period. 3 month. -60.95000000   1 year. -746.47000000   5 year

View Full Filing

View this NPORT-P filing on SEC EDGAR