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Municipal Impact Strategy

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Institutional Strategy > Fixed Income > Municipal Impact Strategy

Municipal Impact Strategy

Active, research driven managers with a deep understanding of municipal bond industry dynamics

  • For decades, Neuberger Berman has managed municipal bond portfolios for institutions, individual clients and families, today totaling approximately $11 billion in assets1
  • We maintain a network of over 100 regional broker/dealer relationships that provide us with access to robust deal flow
  • The team has 11 seasoned investment professionals1 with extensive experience in the municipal marketplace

Overview

Investment Philosophy

  • Principal preservation is our primary goal
  • We believe that security selection drives returns
  • Rigorous credit process is embedded in all aspects of portfolio management
  • Individual client objectives determine portfolio construction

Invest in Projects Across Social and Environmental Themes

SocialEnvironmental

Themes

  • Improve growth and employment (including access to basic services)
  • Improve health outcomes
  • Address climate change and energy needs
  • Conserve the natural environment

Project Examples

  • Low- to moderate-income housing
  • Public K-12 classroom construction
  • Mass transit or other green infrastructure, reducing greenhouse gas emissions
  • Water and waste projects, reducing pollution and improving climate resiliency
 
 

Target positive outcomes to support economically, socially, and environmentally sustainable communities across the U.S.

 

Investment Process

Proven process to achieve clients’ objectives and deliver competitive returns and positive social and environmental impact

Aligning Strategy With Clients’ Objectives

Security decisions are driven by:

  • Guidelines
  • Credit risk
  • Liquidity needs
  • Concentration risk
  • Interest rate risk
  • Sector bias
  • Analyze ESG material factors & Impact considerations
  • Regulator and capital considerations for financial/institutional clients
  • Marginal tax rate

Impact is an integrated part of the investment process – from security selection, managed post-purchase and reporting

  • Impact considerations integrated into credit analysis and bond selection process
  • Impact considerations part of ongoing surveillance and portfolio management
  • Impact reporting provided in addition to regular client reporting
◄-------------------------------------------------------------------- Sustainable Issuer
Social or Environmental Use of Proceeds
Place-Based Potential for Impact
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Integrating Environmental, Social and Governance in Municipal Fixed Income

Jim Lyman, Director of Research for Municipal Fixed Income outlines our impact approach though investing in projects that support socially and environmentally sustainable communities, such as mass transit, affordable housing, and school classrooms, with a bias toward underserved communities.
Visit www.nb.com/esg for more.

Management

James L. Iselin
Head of Municipal Fixed Income
27 Years of Industry Experience
15 Years with Neuberger Berman
James Lyman
Director of Research, Municipal Fixed Income
30 Years of Industry Experience
11 Years with Neuberger Berman
Jeffrey Hunn
Portfolio Manager
18 Years of Industry Experience
18 Years with Neuberger Berman
S. Blake Miller, CFA
Senior Portfolio Manager
35 Years of Industry Experience
13 Years with Neuberger Berman