Returns
| Series | 1 week | 1 month | 3 months | 6 months | YTD | 1 year | 3 years (ann.) | 5 years (ann.) | 10 years (ann.) | Since inception (ann.) |
|---|---|---|---|---|---|---|---|---|---|---|
| Market-price return | +1.80% | -5.24% | -13.49% | -11.29% | -10.67% | -12.91% | -0.55% | -10.14% | -5.53% | -2.23% |
| Market-price total return | +1.80% | -4.68% | -12.05% | -8.38% | -6.30% | -7.18% | +5.42% | -5.05% | -0.33% | +3.22% |
| NAV return | +2.04% | -4.30% | -11.09% | -11.17% | -10.93% | -12.26% | -3.23% | -7.73% | -4.67% | -1.52% |
| NAV total return | +2.04% | -3.78% | -9.72% | -8.50% | -6.92% | -6.99% | +1.98% | -2.99% | +0.27% | +3.72% |
Performance through Oct 15, 2026. Price and NAV returns are simple changes; total returns reinvest each distribution at the series value on its ex-date (first observation on/after). Periods of one year or less are cumulative; longer periods are annualised. Series are built from unadjusted prices plus the distribution record so no distribution is counted twice. Corporate actions: the vendor price series is split-adjusted; rights offerings and mergers are not restated — check Corporate Actions.
Growth of $10,000, five years
Risk statistics
| Statistic | Market price | NAV | Specification |
|---|---|---|---|
| Volatility, 1 year | 0.11% | 0.08% | annualised SD of daily total returns, √252 |
| Volatility, 3 years | 0.11% | 0.08% | as above |
| Volatility, 5 years | 0.14% | 0.08% | as above |
| Maximum drawdown, 3 years | -15.61% | -12.33% | peak-to-trough on the total-return index |
| Sharpe ratio, 3 years | 0.15 | -0.23 | excess over FRED DGS3MO (window average) (avg 4.52%), annualised |
| Sortino ratio, 3 years | 0.22 | -0.30 | downside deviation of excess returns |
| Beta vs. benchmark proxy, 3 years | 1.43 | — | MUB (U.S. municipal bond ETF proxy), daily, aligned dates |
| Correlation, 3 years | 0.56 | — | as above |
| Observations (3y) | 752 | — | minimum 60; rankings require 500 |
Market-price and NAV volatility are different quantities and are never mixed. NAV volatility for funds holding stale-marked or illiquid assets can understate economic risk.
CEF Explorer research page for Neuberger Municipal Fund Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.