In plain terms — Neuberger Energy Infrastructure & Income Fund
Shares currently cost about 15.2% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 10.5% discount, so today's level is not wide for this fund (Z-score -0.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 8.5% a year of the share price (7.2% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.18 of assets — a ReinvestCapture™ rate of 10.1%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 36.3% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -9.89% | 0.98% | -1.31 | 55 |
| 6 months | -10.15% | 1.17% | -0.88 | 107 |
| 1 year | -10.47% | 1.02% | -0.70 | 205 |
| 3 years | -10.81% | — | — | — |
| 5 years | -13.64% | — | — | — |
Current contemporaneous premium/discount -11.18% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -12.51% to -7.35%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -6.48% | -3.35% | +18.94% | +23.59% | +14.80% | +13.49% |
| Market price total return | -5.86% | -1.40% | +26.20% | +33.92% | +24.69% | +22.57% |
| NAV return | -1.44% | +0.87% | +23.07% | +26.83% | +13.95% | +11.34% |
| NAV total return | -0.85% | +2.71% | +29.79% | +36.27% | +22.68% | +19.06% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Neuberger Energy Infrastructure and Income Fund Inc. is a closed-end fund of funds, managed by Neuberger Berman Management LLC, with additional co-management provided by Neuberger Berman LLC. This fund primarily directs its investments towards public equity markets, with a specific focus on master limited partnerships (MLPs) and limited liability companies (LLCs). Established on November 16, 2012, and based in the United States, it was formerly recognized under the names Neuberger Berman MLP Income Fund Inc. and Neuberger Berman MLP and Energy Income Fund Inc.
CEF Explorer research page for Neuberger Energy Infrastructure & Income 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.