NBW - Neuberger Berman CA Intm Mun

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NBW Profile

Neuberger Berman California Intermediate Municipal Fund Inc., a closed-ended fixed income mutual fund managed by Neuberger Berman LLC with co-management by Neuberger Berman Management LLC, specializes in investments within the United States' fixed income markets. Established on July 29, 2002, the fund focuses on municipal bonds offering income exempt from federal income tax and California state personal tax.

The fund strategically targets securities with remaining maturities of less than 15 years, aiming to maintain a balanced weighted average duration ranging from three to eight years. It emphasizes investment in high-quality securities rated in the top four categories by recognized statistical rating organizations, ensuring a portfolio that prioritizes stability and income generation.

Neuberger Berman California Intermediate Municipal Fund Inc. plays a pivotal role in Neuberger Berman's suite of investment offerings, leveraging its expertise to cater to investors seeking tax-efficient income solutions through municipal bond investments. The fund's adherence to stringent investment criteria underscores its commitment to delivering consistent performance and value to its stakeholders.

Based in the United States, the fund is domiciled with a focus on supporting investors' financial objectives by providing access to a diversified portfolio of municipal bonds. Its management team's seasoned approach and deep-rooted industry experience further reinforce its capability to navigate the complexities of the fixed income market effectively.

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