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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 Berman Total Return Bond ETF

NBTR | Active ETF

$49.92

$53.6 M

4.84%

$2.42

0.94%

Vitals

YTD Return

0.6%

1 yr return

6.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$53.6 M

Holdings in Top 10

9.8%

52 WEEK LOW AND HIGH

$50.0
$49.46
$51.63

Expenses

OPERATING FEES

Expense Ratio 0.94%

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 Berman Total Return Bond ETF

NBTR | Active ETF

$49.92

$53.6 M

4.84%

$2.42

0.94%

NBTR - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    Neuberger Berman Total Return Bond ETF
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Dec 18, 2024
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

To pursue its goal, the Fund normally invests in a diversified mix of debt securities, which primarily include government bonds, corporate bonds, mortgage-backed securities and asset-backed securities.
The Fund may invest in a broad array of securities, including: securities issued or guaranteed as to principal or interest by the U.S. government or any of its agencies or instrumentalities; corporate bonds; mortgage-backed and asset-backed securities; inflation-linked debt securities; loans; municipal securities; collateralized debt obligations (“CDOs”), including collateralized loan obligations (“CLOs”); foreign securities, including emerging markets; securities issued by supranational entities (e.g., World Bank, IMF); and commercial paper. Securities in which the Fund may invest may be issued by domestic and foreign governments, corporate entities and trusts and may be structured as fixed rate debt, floating rate debt, and debt that may not pay interest from the time of issuance. The Fund may also engage in when-issued and forward-settling securities (such as to be-announced (“TBA”) mortgage-backed securities), which involve a commitment by the Fund to purchase securities that will be issued or settled at a later date. The Fund may enter into a TBA agreement and “roll over” such agreement prior to the settlement date by selling the
obligation to purchase the securities set forth in the agreement and entering into a new TBA agreement for future delivery of pools of mortgage-backed securities.
The debt instruments in which the Fund invests primarily are investment grade, however the Fund may invest up to 30% of its total assets in below-investment grade instruments (commonly known as “junk bonds”). The Fund considers debt 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 may also invest in derivative instruments as a means of hedging risk and/or for investment or efficient portfolio management purposes, which may include altering the Fund’s exposure to currencies, interest rates, inflation, sectors and individual issuers. These derivative instruments may include futures, forward foreign currency contracts, and swaps, such as total return swaps, credit default swaps and interest rate swaps.
The Fund normally will not invest more than 15% of its total assets in non-U.S. dollar denominated securities and, through hedging strategies, will attempt to limit its exposure to currencies other than the U.S. dollar to 5% of its total assets.
Additionally, the Fund may invest in preferred securities. The Fund may also invest a significant amount of its assets in U.S. Treasury securities or other money market instruments depending on market conditions.
The Fund normally seeks to maintain its target average duration within two years of the average duration of the bonds in the Bloomberg U.S. Aggregate Bond Index.
In an effort to achieve its goal, the Fund may engage in active and frequent trading.
The Fund normally invests at least 80% of its net assets in bonds and other debt securities and other investment companies that provide investment exposure to such debt securities. The Fund will not alter this policy without providing shareholders at least 60 days’ notice. This test is applied at the time the Fund invests; later percentage changes caused by a change in Fund assets, market values or company circumstances will not require the Fund to dispose of a holding.
Investment Philosophy and Process
The Portfolio Managers’ investment philosophy is rooted in the belief that positive results can be achieved through a consistently applied, risk-managed approach to portfolio management that leverages the strengths of its fundamental research capabilities, decision-making frameworks, and quantitative risk management tools. The Portfolio Managers employ an integrated investment process in managing the Fund.
●
Portfolio Strategy: The Portfolio Managers establish an asset allocation framework for the Fund which determines the specific sector allocations(e.g., investment grade,securitized assets, government, high yield, emerging markets debt, bank loans) for the Fundwith the objective of capturing the best relative value among different sectors. The inputs to the asset allocation framework include both quantitative and qualitative factors, including the macroeconomic viewsof the Portfolio Managers, current market conditions, the PortfolioManagers’ assessment of sector valuations, creditanalysis,duration/yield curve positioning, current exposures to sectors,countries and currencies,and the Portfolio Managers’assessment of macro-opportunities.The Portfolio Managers’ asset allocation framework is dynamic and allocation adjustments are made by the Portfolio Managers’ based on an assessment of the changes in the quantitative and qualitative factors.
●
Strategy Implementation: Once the Portfolio Managers establish an asset allocation framework for the Fund, the Portfolio Managers select securitieswithin each sector allocation by employing bottom-up security analysis utilizing the research generated by the internal credit research teams that are specialists in particular sectors based on, among other things, an analysis of cash flows,abilityto pay principal and interest, balance sheet composition, and market positioning.
The investment process utilizes both third-party data as well as internally generated data, including those produced by internal credit research teams that are specialists in particular sectors. Research generated by the internal credit research teams is derived from a variety ofsources (e.g., financial and economic data,company disclosed data, marketdata,discussions with company management). As part of their fundamental investment analysis, the Portfolio Managers consider environmental, social and governancefactors they believe are financially material to individual investments, where applicable. While this analysis is inherently subjective and may be informed by internally generated and third-party metrics, data and other information, the Portfolio Managers believe that the consideration of financially material environmental,social and governance factors, alongside traditional financial metrics, may improve credit analysis, security selection, relative value analysis and enhance the Fund’s overall investment process. The specific environmental,social and governance factors considered and scope and application of integration may vary depending on the specific investment and/or investment type. The consideration of environmental,social and
governance factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of environmental,social and governance factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.
The Fund may purchase securities if the Portfolio Managers’ outlook suggests a security is undervalued and may sell securities if the Portfolio Managers find an opportunity they believe is more compelling or if the Portfolio Managers’ outlook on the investment or the market changes (e.g. where the outlook suggests a security is overvalued by the market). The goal is to identify and evaluate investment opportunities that others may have missed.
Read More

NBTR - Performance

Return Ranking - Trailing

Period NBTR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% N/A N/A N/A
1 Yr 6.2% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period NBTR Return Category Return Low Category Return High Rank in Category (%)
2025 2.0% N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period NBTR Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% N/A N/A N/A
1 Yr 6.2% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period NBTR Return Category Return Low Category Return High Rank in Category (%)
2025 8.1% N/A N/A N/A
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A

NBTR - Holdings

Concentration Analysis

NBTR Category Low Category High NBTR % Rank
Net Assets 53.6 M N/A N/A N/A
Number of Holdings 446 N/A N/A N/A
Net Assets in Top 10 5.21 M N/A N/A N/A
Weighting of Top 10 9.81% N/A N/A N/A

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 1.66%
  2. Freddie Mac Pool 0.95%
  3. Canyon Capital CLO 2022-2 Ltd 0.94%
  4. Trestles CLO VI Ltd 0.94%
  5. Sixth Street CLO XVII Ltd 0.94%
  6. AIMCO CLO Series 2017-A 0.94%
  7. Fannie Mae Pool 0.88%
  8. Oracle Corp 0.87%
  9. Fannie Mae Pool 0.86%
  10. Bank of America Corp 0.80%

Asset Allocation

Weighting Return Low Return High NBTR % Rank
Bonds 		89.38% N/A N/A N/A
Other 		8.20% N/A N/A N/A
Cash 		2.41% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High NBTR % Rank
Cash & Equivalents 		1.67% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A
Derivative 		-0.15% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High NBTR % Rank
US 		89.38% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

NBTR - Expenses

Operational Fees

NBTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% N/A N/A N/A
Management Fee 0.37% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

NBTR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

NBTR 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.

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

NBTR - Distributions

Dividend Yield Analysis

NBTR Category Low Category High NBTR % Rank
Dividend Yield 4.84% N/A N/A N/A

Dividend Distribution Analysis

NBTR Category Low Category High Category Mod
Dividend Distribution Frequency Other

Net Income Ratio Analysis

NBTR Category Low Category High NBTR % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

NBTR Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

NBTR - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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