Neuberger Berman California Municipal Fund Inc. (NBW) Research

The Neuberger Berman California Intermediate Municipal Fund Inc. is a closed-end mutual fund specializing in fixed income, primarily managed by Neuberger Berman LLC, with co-management from Neuberger Berman Management LLC. This fund focuses its investments within the U.S. fixed income markets, predominantly acquiring municipal bonds. These bonds offer the advantage of income exempt from both federal income tax and California state personal tax. The portfolio typically comprises securities with remaining maturities under 15 years, and the fund aims to maintain a weighted average duration between three and eight years. For credit quality, it exclusively invests in debt instruments rated within the four highest tiers by a nationally recognized statistical rating organization. Established on July 29, 2002, the fund is domiciled in the United States.

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