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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Commodity Strategy ETF

NBCM | Active ETF

$29.30

$424 M

6.53%

$1.91

0.76%

Vitals

YTD Return

29.5%

1 yr return

44.7%

3 Yr Avg Return

18.3%

5 Yr Avg Return

N/A

Net Assets

$424 M

Holdings in Top 10

36.2%

52 WEEK LOW AND HIGH

$29.1
$22.07
$30.76

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Neuberger Commodity Strategy ETF

NBCM | Active ETF

$29.30

$424 M

6.53%

$1.91

0.76%

NBCM - Profile

Distributions

  • YTD Total Return 29.5%
  • 3 Yr Annualized Total Return 18.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Commodity Strategy ETF
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Aug 27, 2012
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund seeks to achieve its goal by investing under normal circumstances in commodity-linked derivative instruments and fixed income instruments. Commodities are assets such as oil, natural gas, agricultural products or metals.
The Fund seeks to gain long and short exposure to the commodity markets by investing, directly or indirectly, in futures contracts on individual commodities and other commodity-linked derivative instruments. The performance of these commodity-linked derivative instruments is expected to correspond to the performance of the commodity underlying the derivative instrument, without requiring the Fund to invest directly in commodities. Although the Fund may make these investments in commodity-linked derivative instruments directly, the Fund expects to gain exposure to these investments primarily by investing in a wholly owned subsidiary of the Fund formed in the Cayman Islands (“Subsidiary”).
The Subsidiary is managed by Neuberger Berman Investment Advisers LLC and has the same investment goal as the Fund. The Subsidiary may invest without limitation in commodity-linked derivative instruments. The Subsidiary also may invest in fixed income securities, cash or cash equivalent instruments, or money market mutual funds, some of which may serve as collateral for the Subsidiary’s derivative instruments. The Fund will not invest more than 25% of the value of its total assets in the Subsidiary at the end of any quarter of its taxable year.
In managing the Fund’s commodity investments, the Portfolio Managers seek to identify investment opportunities using quantitative investment models and fundamental analyses with an emphasis on risk management in an attempt to take advantage of both short-term and long-term opportunities in commodity markets. By managing a broadly diversified portfolio of commodity investments with an active investment approach, the Portfolio Managers seek to provide investors with an investment vehicle whose returns are not highly correlated with other major asset classes. The Fund may take short positions in commodities. These shorts, bought as derivatives, either anticipate price declines or serve as hedging strategies for risk management.
The Portfolio Managers will use various quantitative models employing strategies intended to identify investment opportunities and determine portfolio weightings in different commodity sectors and markets. These strategies include: (i) a risk-balancing strategy that considers the total portfolio risk the Portfolio Managers believe to be associated with each commodity; (ii) a strategy that endeavors to assess top down macro variables among various commodity sectors (such as, energy, industrial, metals, including industrial and strategic metals (e.g., uranium) and precious metals, agricultural, livestock and softs (e.g., sugar, cotton, cocoa and coffee)); and/or (iii) a strategy that endeavors to assess the outlook for individual commodities within each commodity sector.
From time to time, the Fund’s investment program may emphasize a particular sector of the commodities markets. If the Fund emphasizes one or more sectors the performance of your investment in the Fund will likely be affected by events affecting the performance of those sectors. Additional information about certain risks related to the various commodities market sectors are summarized under “Additional Information about Principal Investment Risks” in the Prospectus.
The Fund’s fixed income investments will be primarily in investment grade fixed income securities and are intended to provide liquidity and preserve capital and may serve as collateral for the Fund’s derivative instruments. These may include fixed income securities issued by the U.S. government and its agencies and instrumentalities, mortgage-backed securities, asset-backed securities, and securities issued by corporations or trust entities as well as floating rate securities. The Fund considers fixed income securities to be investment grade if, at the time of investment, they are rated within the four highest categories by at least one independent credit rating agency or, if unrated, are determined by the Portfolio Managers to be of comparable quality. The Fund also aims to keep the duration of the fixed income portfolio short.
The Fund may invest in cash or cash equivalent instruments. Because the Fund will use derivatives to gain exposure to commodities, and because derivatives may not require the Fund to deposit the full notional amount of the investment, the Fund may invest a significant amount of its assets in money market mutual funds or other fixed income investments, as described above. In relation to this Fund, notional refers to the total value of the Fund’s aggregate positions. The Fund’s (and the Subsidiary’s) use of commodity-linked derivative instruments to obtain long and short exposure to the commodity markets may result in leverage, which amplifies the risks that are associated with the commodities underlying the derivative instruments. The Fund’s aggregate investment exposure, as measured on a notional basis, may be greater than 100% of the Fund’s total assets from time to time.
Although the Fund invests primarily in domestic securities and other instruments, it may also invest in foreign securities and other foreign instruments, which may be denominated in any currency.
In an effort to achieve its goal, the Fund may engage in active and frequent trading.
Read More

NBCM - Performance

Return Ranking - Trailing

Period NBCM Return Category Return Low Category Return High Rank in Category (%)
YTD 29.5% -14.6% 95.9% 25.20%
1 Yr 44.7% -31.6% 114.7% 30.08%
3 Yr 18.3%* -21.6% 46.4% 30.89%
5 Yr N/A* -23.2% 142.4% 69.54%
10 Yr N/A* -20.6% 57.8% 30.25%

* Annualized

Return Ranking - Calendar

Period NBCM Return Category Return Low Category Return High Rank in Category (%)
2025 8.1% -27.1% 145.3% 37.40%
2024 1.2% -20.5% 28.2% 53.66%
2023 -10.3% -64.0% 30.1% 60.16%
2022 N/A -40.8% 2475.6% N/A
2021 N/A -23.3% 106.7% N/A

Total Return Ranking - Trailing

Period NBCM Return Category Return Low Category Return High Rank in Category (%)
YTD 29.5% -14.6% 95.9% 25.20%
1 Yr 44.7% -31.6% 114.7% 30.08%
3 Yr 18.3%* -21.6% 46.4% 30.89%
5 Yr N/A* -23.2% 142.4% N/A
10 Yr N/A* -20.6% 57.8% N/A

* Annualized

Total Return Ranking - Calendar

Period NBCM Return Category Return Low Category Return High Rank in Category (%)
2025 17.4% -27.1% 145.3% 46.34%
2024 6.6% -20.5% 33.5% 34.15%
2023 -6.4% -64.0% 41.1% 57.72%
2022 N/A -15.1% 5648.8% N/A
2021 N/A -23.3% 188.1% N/A

NBCM - Holdings

Concentration Analysis

NBCM Category Low Category High NBCM % Rank
Net Assets 424 M 2.34 M 71.5 B 58.28%
Number of Holdings 190 1 1146 29.27%
Net Assets in Top 10 125 M 2.66 M 30.7 B 86.18%
Weighting of Top 10 36.17% 23.2% 152.9% 97.48%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 13.93%
  2. U.S. Treasury Bills 7.81%
  3. GOLD 100 OZ FUTR APR26 2.72%
  4. ATT Inc 1.83%
  5. Wells Fargo Co 1.75%
  6. Morgan Stanley Bank NA 1.73%
  7. Bank of New York Mellon Corp/The 1.69%
  8. US Bank NA/Cincinnati OH 1.64%
  9. Bank of America Corp 1.59%
  10. Abbott Laboratories 1.48%

Asset Allocation

Weighting Return Low Return High NBCM % Rank
Bonds 		53.61% 0.00% 106.45% 30.89%
Cash 		23.91% 0.00% 102.64% 48.76%
Other 		22.48% 0.00% 100.00% 37.19%
Stocks 		0.00% 0.00% 64.15% 48.78%
Preferred Stocks 		0.00% 0.00% 0.08% 23.14%
Convertible Bonds 		0.00% 0.00% 3.89% N/A

Bond Sector Breakdown

Weighting Return Low Return High NBCM % Rank
Cash & Equivalents 		23.57% 0.00% 102.64% 55.96%
Derivative 		7.99% -1.35% 99.96% 17.43%
Securitized 		0.00% 0.00% 19.62% N/A
Corporate 		0.00% 0.00% 42.72% N/A
Municipal 		0.00% 0.00% 1.45% N/A
Government 		0.00% 0.00% 100.00% N/A

Bond Geographic Breakdown

Weighting Return Low Return High NBCM % Rank
US 		53.61% 0.00% 100.77% 31.40%
Non US 		0.00% 0.00% 11.90% 27.27%

NBCM - Expenses

Operational Fees

NBCM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.16% 2.65% 78.72%
Management Fee 0.59% 0.00% 1.00% 35.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

NBCM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

NBCM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NBCM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 162.00% N/A

NBCM - Distributions

Dividend Yield Analysis

NBCM Category Low Category High NBCM % Rank
Dividend Yield 6.53% 0.00% 19.94% 16.56%

Dividend Distribution Analysis

NBCM Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

NBCM Category Low Category High NBCM % Rank
Net Income Ratio N/A -55.71% 52.26% N/A

Capital Gain Distribution Analysis

NBCM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Distributions History

View More +

NBCM - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.41 11.51

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