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Neuberger Berman Intermediate Muni Fund (Neuberger Berman Intermediate Muni Fund) Sloan Ratio %

: 0.00% (As of Oct. 2023)
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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Neuberger Berman Intermediate Muni Fund's Sloan Ratio for the quarter that ended in Oct. 2023 was 0.00%.

As of Oct. 2023, Neuberger Berman Intermediate Muni Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Neuberger Berman Intermediate Muni Fund Sloan Ratio % Historical Data

The historical data trend for Neuberger Berman Intermediate Muni Fund's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Neuberger Berman Intermediate Muni Fund Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Sloan Ratio %
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Neuberger Berman Intermediate Muni Fund Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
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Competitive Comparison

For the Asset Management subindustry, Neuberger Berman Intermediate Muni Fund's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Neuberger Berman Intermediate Muni Fund Sloan Ratio % Distribution

For the Asset Management industry and Financial Services sector, Neuberger Berman Intermediate Muni Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Neuberger Berman Intermediate Muni Fund's Sloan Ratio % falls into.



Neuberger Berman Intermediate Muni Fund Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Neuberger Berman Intermediate Muni Fund's Sloan Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Sloan Ratio=(Net Income (A: Oct. 2023 )-Cash Flow from Operations (A: Oct. 2023 )
-Cash Flow from Investing (A: Oct. 2023 ))/Total Assets (A: Oct. 2023 )
=(2.135-0
-0)/554.688
=0.38%

Neuberger Berman Intermediate Muni Fund's Sloan Ratio for the quarter that ended in Oct. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Oct. 2023 )
=(2.135-0
-0)/554.688
=0.38%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Neuberger Berman Intermediate Muni Fund's Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was 22.949 (Apr. 2023 ) + -20.814 (Oct. 2023 ) = $2.14 Mil.
Neuberger Berman Intermediate Muni Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2023 ) + 0 (Oct. 2023 ) = $0.00 Mil.
Neuberger Berman Intermediate Muni Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2023 was 0 (Apr. 2023 ) + 0 (Oct. 2023 ) = $0.00 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Neuberger Berman Intermediate Muni Fund  (AMEX:NBH) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Oct. 2023, Neuberger Berman Intermediate Muni Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Neuberger Berman Intermediate Muni Fund Sloan Ratio % Related Terms

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Neuberger Berman Intermediate Muni Fund (Neuberger Berman Intermediate Muni Fund) Business Description

Traded in Other Exchanges
N/A
Address
c/o Neuberger Berman Investment Advisers LLC, 1290 Avenue of the Americas, New York, NY, USA, 10104-0002
Neuberger Berman Intermediate Muni Fund is a closed-end management investment company that invests mainly in municipal securities. It aims to provide common stockholders a high level of current income exempt from Federal income tax.
Executives
Franklyn E. Smith director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Ami Kaplan director C/O NEUBERGER BERMAN INVESTMENT ADVISERS, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104-0002
Bradley Tank other: CEO of Affil. of Inv. Mgr. C/O LEHMAN BROTHERS ASSET MANAGEMENT, 190 SOUTH LASALLE STREET, CHICAGO IL 60603-3421
Faith Colish other: Retired Director C/O NEUBERGER BERMAN MANAGEMENT INC, 605 THIRD AVE, NEW YORK NY 10158-0180
James G. Stavridis director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Deborah C. Mclean director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Marc Gary director C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Michael J. Cosgrove director C/O GAMCO INVESTORS, INC., ONE CORPORATE CENTER, RYE NY 10580
Brian Patrick Kerrane officer: Chief Operating Officer C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158
Blue Ridge Investments, L.l.c. 10 percent owner ONE BRYANT PARK, NEW YORK NY 10036
Bank Of America Na 10 percent owner 100 N. TRYON STREET, CHARLOTTE NC 28255
Banc Of America Preferred Funding Corp 10 percent owner 214 NORTH TRYON STREET, CHARLOTTE NC 28255
Bank Of America Corp /de/ 10 percent owner BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE NC 28255
Stephen Blake Miller other: Portfolio Manager C/O NEUBERGER BERMAN LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
William Braverman other: Executive Officer of Affiliate C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158