NML: High-Yield Energy CEF But Underperforms Peers

2025-10-24 10:30:07 ET

Overview

Neuberger Berman Energy Infrastructure and Income Fund Inc ( NML ) operates as a closed-end fund that aims to provide exposure to midstream infrastructure and energy investments. The fund has an inception dating back to 2013, which means we have over a decade's worth of operating history to reference. The fund has a listed expense ratio of 1.98% with total assets under management of $521.8M. However, this is a bit misleading because it includes the fund's other costs related to interest and operating expenses. The actual management fee sits at 1% based on the latest semi-annual report....

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