# Neuberger Energy Infrastructure and Income Fund Inc. (NML): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nml for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Neuberger Berman · Asset class: Equity - Strategy: Actively Managed · Inception: 2013-03-26 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. ## Key Facts | Metric | Value | |---|---| | Price | $10.37 | | Expense Ratio | 1.07% | | Market Value | $587.6M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 7.55% | | Annual Distribution (TTM) | $0.78 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.02 – $10.98 | | Beta | 0.76 | ## Latest Distribution - Amount: $0.0701 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-30 ## Frequently Asked Questions ### What does NML invest in? 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. ### What is the expense ratio of NML? Neuberger Energy Infrastructure and Income Fund Inc. (NML) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NML's dividend yield? NML's trailing-twelve-month yield is 7.55%, calculated from the sum of dividends over the past year divided by the current price. ### How big is NML? Neuberger Energy Infrastructure and Income Fund Inc. (NML) has a market value of $587.6M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is NML actively managed or an index fund? NML is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (NML's is 1.07%) in exchange for the discretion to over- or under-weight positions. ### When was NML launched? Neuberger Energy Infrastructure and Income Fund Inc. (NML) launched in March 2013 and is managed by Neuberger Berman. ### Does NML pay a dividend? Yes, Neuberger Energy Infrastructure and Income Fund Inc. (NML) distributes dividends to shareholders. The trailing-twelve-month yield is 7.55%. Full dividend history is on this page. ### How often does NML pay dividends? Neuberger Energy Infrastructure and Income Fund Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NML's next ex-dividend date? The most recently announced ex-dividend date for NML was 2026-10-15. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NML's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.07% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NML charge its expense ratio? The expense ratio is deducted in tiny daily slices from NML's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NML cost more than a fund like VOO? NML is actively managed (current expense ratio 1.07%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether NML's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to NML? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as NML (1.07%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nml - Distribution history: https://www.dividenddata.com/funds/nml/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nml/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nml/expenses - Peer comparison: https://www.dividenddata.com/funds/nml/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.