Neuberger Berman Income Funds - Neuberger Municipal Fund Inc.
US ˙ NYSEAM ˙ US64124P1012

SecurityNBH / Neuberger Berman Income Funds - Neuberger Municipal Fund Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,341,746 shares
Latest Disclosed Value $ 13,618,730
Morgan Stanley reports 15.99% increase in ownership of NBH / Neuberger Berman Income Funds - Neuberger Municipal Fund Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,341,746 shares of Neuberger Berman Income Funds - Neuberger Municipal Fund Inc. (US:NBH) valued at $13,618,722 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,156,815 shares of Neuberger Berman Income Funds - Neuberger Municipal Fund Inc.. This represents a change in shares of 15.99% during the quarter. The current value of the position is $13,712,644 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NEUBERGER MUN FD COM 64124P101 1,341,746 184,931 15.99 13,619 16.33 0.0008
2026-05-27 2025-12-31 13F/A-1 NEUBERGER MUN FD COM 64124P101 1,156,815 -22,518 -1.91 11,707 -3.81 0.0007
2026-02-13 2025-12-31 13F NEUBERGER MUN FD COM 64124P101 1,156,815 -22,518 11,707 0.0007
2026-05-27 2025-09-30 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 1,179,333 129,560 12.34 12,171 17.94 0.0007
2025-11-14 2025-09-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 1,179,333 129,560 12,171 0.0007
2025-08-15 2025-06-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 1,049,773 167,965 19.05 10,319 12.53 0.0007
2025-05-15 2025-03-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 881,808 119,603 15.69 9,171 16.25 0.0007
2025-05-15 2024-12-31 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 762,205 -61,619 -7.48 7,889 -13.81 0.0006
2025-02-14 2024-12-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 762,205 -61,619 7,889 0.0006
2025-05-14 2024-09-30 13F/A-2 NEUBERGER BERMAN MUN FD COM 64124P101 823,824 74,775 9.98 9,153 14.41 0.0007
2025-02-14 2024-09-30 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 823,824 74,775 9,153 0.0007
2024-11-14 2024-09-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 823,824 74,775 9,153 0.0001
2025-05-14 2024-06-30 13F/A-2 NEUBERGER BERMAN MUN FD COM 64124P101 749,049 -54,884 -6.83 8,000 -4.97 0.0006
2024-10-17 2024-06-30 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 749,049 -54,884 8,000 0.0006
2024-08-14 2024-06-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 749,049 -54,884 8,000 0.0006
2024-10-17 2024-03-31 13F/A-2 NEUBERGER BERMAN MUN FD COM 64124P101 803,933 24,786 3.18 8,417 4.38 0.0007
2024-08-16 2024-03-31 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 803,933 24,786 8,417 0.0001
2024-05-15 2024-03-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 803,933 24,786 8,417 0.0007
2024-08-16 2023-12-31 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 779,147 493,988 173.23 8,064 207.08 0.0007
2024-02-13 2023-12-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 779,147 493,988 8,064 0.0007
2023-11-15 2023-09-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 285,159 -30,093 -9.55 2,626 -18.95 0.0003
2023-08-14 2023-06-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 315,252 13,108 4.34 3,241 -2.06 0.0003
2023-05-15 2023-03-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 302,144 -30,430 -9.15 3,308 -4.53 0.0004
2023-02-14 2022-12-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 332,574 149,438 81.60 3,465 86.99 0.0004
2022-11-14 2022-09-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 183,136 31,839 21.04 1,853 9.45 0.0003
2022-10-27 2022-06-30 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 151,297 40,912 37.06 1,693 15.48 0.0002
2022-08-15 2022-06-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 151,297 40,912 1,693 0.0000
2022-10-27 2022-03-31 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 110,385 -6,488 -5.55 1,466 -18.10 0.0002
2022-05-13 2022-03-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 110,385 -6,488 1,466 0.0002
2022-02-14 2021-12-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 116,873 -7,888 -6.32 1,790 -10.59 0.0002
2021-11-15 2021-09-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 124,761 5,559 4.66 2,002 4.38 0.0003
2021-08-23 2021-06-30 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 119,202 20,639 20.94 1,918 22.56 0.0003
2021-08-16 2021-06-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 119,202 20,639 1,918 0.0001
2021-05-17 2021-03-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 98,563 -17,426 -15.02 1,565 -11.23 0.0002
2021-02-16 2020-12-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 115,989 868 0.75 1,763 -0.56 0.0003
2020-11-13 2020-09-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 115,121 -3,733 -3.14 1,773 7.45 0.0003
2020-08-14 2020-06-30 13F NEUBERGER BERMAN MUN FD COM 64124P101 118,854 -12,085 -9.23 1,650 -13.97 0.0004
2020-05-26 2020-03-31 13F/A-1 NEUBERGER BERMAN MUN FD COM 64124P101 130,939 10,941 9.12 1,918 3.73 0.0005
2020-05-15 2020-03-31 13F NEUBERGER BERMAN MUN FD COM 64124P101 130,939 10,941 1,918 147.3424
2020-02-14 2019-12-31 13F NEUBERGER BERMAN MUNI FD COM 64124P101 119,998 15,481 14.81 1,849 14.49 0.0004
2019-11-14 2019-09-30 13F NEUBERGER BERMAN MUNI FD COM 64124P101 104,517 3,048 3.00 1,615 9.20 0.0004
2019-08-14 2019-06-30 13F NEUBERGER BERMAN MUNI FD COM 64124P101 101,469 1,393 1.39 1,479 2.99 0.0004
2019-05-15 2019-03-31 13F NEUBERGER BERMAN MUNI FD COM 64124P101 100,076 -4,541 -4.34 1,436 8.46 0.0004
2019-02-14 2018-12-31 13F NEUBERGER BERMAN MUNI FD COM 64124P101 104,617 30,829 41.78 1,324 33.47 0.0004
2019-04-23 2018-09-30 13F/A-2 NEUBERGER BERMAN MUNI FD COM 64124P101 73,788 -278 -0.38 992 -1.68 0.0002
2018-11-20 2018-09-30 13F/A-1 NEUBERGER BERMAN MUNI FD COM 64124P101 73,788 0 992 0.0002
2018-11-14 2018-09-30 13F NEUBERGER BERMAN MUNI FD COM 64124P101 73,788 -278 992
2019-04-23 2018-06-30 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 74,066 -3,219 -4.17 1,009 -5.17 0.0003
2018-08-14 2018-06-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 74,066 -3,219 1,009
2019-04-23 2018-03-31 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 77,285 11,807 18.03 1,064 9.92 0.0003
2018-05-14 2018-03-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 77,285 11,807 1,064
2019-04-23 2017-12-31 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 65,478 -7,451 -10.22 968 -13.57 0.0003
2018-02-14 2017-12-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 65,478 -7,451 968
2017-11-14 2017-09-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 72,929 1,826 2.57 1,120 3.51 0.0003
2017-08-11 2017-06-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 71,103 5,688 8.70 1,082 11.32 0.0003
2017-05-22 2017-03-31 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 65,415 -8,727 -11.77 972 -19.40 0.0003
2017-05-12 2017-03-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 65,415 972
2017-02-22 2016-12-31 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 74,142 -31,683 -29.94 1,206 -31.36 0.0004
2017-02-13 2016-12-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 74,142 1,206
2016-11-10 2016-09-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 105,825 4,093 4.02 1,757 2.99 0.0006
2016-08-12 2016-06-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 101,732 143 0.14 1,706 3.65 0.0006
2016-05-12 2016-03-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 101,589 -1,130 -1.10 1,646 1.92 0.0006
2016-02-09 2015-12-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 102,719 -945 -0.91 1,615 2.22 0.0006
2016-02-08 2015-09-30 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 103,664 -1,982 -1.88 1,580 0.38 0.0006
2015-11-09 2015-09-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 103,664 1,580
2015-08-12 2015-06-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 105,646 808 0.77 1,574 -3.44 0.0005
2015-05-14 2015-03-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 104,838 -77,611 -42.54 1,630 -42.81 0.0006
2015-02-13 2014-12-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 182,449 -7,978 -4.19 2,850 0.60 0.0010
2014-12-16 2014-09-30 13F/A-1 NEUBERGER BERMAN INTER MUNI COM 64124P101 190,427 56,945 42.66 2,833 46.56 0.0011
2014-11-14 2014-09-30 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 190,427 2,833
2014-05-13 2014-03-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 133,482 12,172 10.03 1,933 13.51 0.0008
2014-02-13 2013-12-31 13F NEUBERGER BERMAN INTER MUNI COM 64124P101 121,310 -25,760 -17.52 1,703 -17.13 0.0007
2013-11-13 2013-09-30 13F NEUBERGER BERMAN INTER MUN COM 64124P101 147,070 45,687 45.06 2,055 40.37 0.0010
2013-08-08 2013-06-30 13F NEUBERGER BERMAN INTER MUN COM 64124P101 101,383 101,383 1,464 0.0007
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.