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Neuberger Berman Carbon Transition & Infrastructure ETF

Active ETF
NBCT
Payout Change
Pending
Price as of:
$30.6625 -0.04 -0.14%
primary theme
N/A
NBCT (ETF)

Neuberger Berman Carbon Transition & Infrastructure ETF

Payout Change
Pending
Price as of:
$30.6625 -0.04 -0.14%
primary theme
N/A
NBCT (ETF)

Neuberger Berman Carbon Transition & Infrastructure ETF

Payout Change
Pending
Price as of:
$30.6625 -0.04 -0.14%
primary theme
N/A

Name

As of 10/31/2024

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 Carbon Transition & Infrastructure ETF

NBCT | Active ETF

$30.66

$28.6 M

1.00%

$0.31

2.60%

Vitals

YTD Return

23.0%

1 yr return

38.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$28.6 M

Holdings in Top 10

42.7%

52 WEEK LOW AND HIGH

$30.7
$22.23
$31.08

Expenses

OPERATING FEES

Expense Ratio 2.60%

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 10/31/2024

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 Carbon Transition & Infrastructure ETF

NBCT | Active ETF

$30.66

$28.6 M

1.00%

$0.31

2.60%

NBCT - Profile

Distributions

  • YTD Total Return 23.0%
  • 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 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Berman Carbon Transition & Infrastructure ETF
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Apr 07, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Creedon

Fund Description

The “Principal Investment Strategies” section of the Fund’s Summary Prospectus and Prospectus is deleted and replaced with the following:
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities of energy transition companies and infrastructure companies.
The Fund invests a significant portion of its assets in energy transition companies, which it considers to be those companies operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded master limited partnerships or limited liability companies taxed as partnerships (“MLPs”), MLPs that are taxed as C-corporations, MLP affiliates, such as midstream C-corporations, (MLP affiliates), and companies that derive the majority of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission, and petroleum and natural gas storage in the petroleum, natural gas, and power generation industries. The Fund may also invest in growth-oriented utilities and power companies, as well as utility-scale renewable energy infrastructure companies, such as companies involved with solar farms, wind farms, hydro power and nuclear power, and companies that operate in any aspect of the utilities, renewable and natural resources industries and sectors. These may include companies involved in exploration and production of natural resources, refining and marketing of natural resources, coal and metals mining, oilfield services, drilling, integrated natural gas midstream services, transportation and storage of natural resources, shipping, chemicals, electricity generation and distribution, and renewable resources.
The balance of the Fund’s assets that satisfy the 80% test above will be invested in infrastructure companies, which it considers to be companies that own, operate, or are involved in the development, production, distribution, transportation, or servicing of industrial materials (including electrical equipment, machinery, chemicals, construction materials and equipment, steel, and timber), energy (including pipelines, natural gas and liquefied natural gas exports), utilities, clean energy and renewable energy (including power generators, equipment suppliers, electric utilities and multi-utilities), real estate investments (including warehouses, water, sewer and logistical facilities), and telecommunication networks (including cell towers, data centers and internet providers).
The Fund may invest in companies of any market capitalization, credit quality, industry or sector. Although energy transition and infrastructure companies may be found in any industry or sector, the Fund will concentrate its investments in companies operating in the oil, gas and consumable fuels industry. The Fund may also directly invest up to 25% of its total assets in equity securities of certain MLPs treated as publicly-traded partnerships.
The Fund may invest in both U.S. and foreign companies, including securities denominated in a non-U.S. currency and securities and other instruments issued by U.S. and Canadian income and royalty trusts. The Fund may also invest in other investment companies and money market funds.  The Fund also may invest up to 20% of its net assets in securities that are not energy transition or infrastructure related, such as common and preferred equity securities.
The Portfolio Managers utilize proprietary research and fundamental quantitative and qualitative analysis in identifying investment opportunities for the Fund. The Portfolio Managers seek to identify energy transition and infrastructure companies that they believe have one or more of the following: a history of increasing distributions, stable and reliable cash flows and transparency into future earnings potential, strong financials, management teams that demonstrate visibility in cash flows for equity holders, low correlation to commodity prices, and multi-year contracts that typically charge flat inflation adjusted fees to produce steady payments. While the Fund currently expects to emphasize midstream investments, the Fund may invest in other areas of the natural resources industry (including companies engaged in “upstream” or “downstream” production activities) or in non-energy securities.  “Midstream investments” generally include companies primarily engaged in activities such as the transportation (including marine), storage, gathering, and processing, distributing or marketing of natural resources. “Upstream” production activities generally include the exploration, recovery, development and production of crude oil, natural gas and natural gas liquids and other resources. “Downstream” production activities generally include the refining and distribution of natural gas liquids and crude oil and other resources.
The Portfolio Managers follow a disciplined selling strategy and may sell a position for a variety of reasons, including if a company fails to perform as expected, exhibits deteriorating fundamentals, to accommodate a more compelling investment opportunity, if the Portfolio Managers deem a position to be overvalued or when there are changes to macroeconomic factors, markets, sectors and/or the company that would alter the Portfolio Managers’ assumptions about the company. The Fund is a non-diversified fund, which means that it can invest more of its assets in fewer companies than a diversified fund.
The Fund will not change its strategy of normally investing at least 80% of its net assets (plus borrowing for investment purposes) in equity securities of energy transition companies and infrastructure companies 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.
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NBCT - Performance

Return Ranking - Trailing

Period NBCT Return Category Return Low Category Return High Rank in Category (%)
YTD 23.0% N/A N/A N/A
1 Yr 38.8% 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 NBCT Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period NBCT Return Category Return Low Category Return High Rank in Category (%)
YTD 23.0% N/A N/A N/A
1 Yr 38.8% 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 NBCT Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NBCT - Holdings

Concentration Analysis

NBCT Category Low Category High NBCT % Rank
Net Assets 28.6 M N/A N/A N/A
Number of Holdings 40 N/A N/A N/A
Net Assets in Top 10 13.8 M N/A N/A N/A
Weighting of Top 10 42.71% N/A N/A N/A

Top 10 Holdings

  1. Linde PLC 5.59%
  2. ABB Ltd 5.25%
  3. Constellation Energy Corp 4.63%
  4. Eaton Corp PLC 4.60%
  5. NextEra Energy Inc 4.06%
  6. Schneider Electric SE 3.81%
  7. Cheniere Energy Inc 3.74%
  8. CRH PLC 3.73%
  9. Quanta Services Inc 3.69%
  10. First Solar Inc 3.60%

Asset Allocation

Weighting Return Low Return High NBCT % Rank
Stocks 		97.52% N/A N/A N/A
Cash 		2.48% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High NBCT % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High NBCT % Rank
US 		65.75% N/A N/A N/A
Non US 		31.77% N/A N/A N/A

NBCT - Expenses

Operational Fees

NBCT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.60% N/A N/A N/A
Management Fee 0.64% 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

NBCT 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

NBCT 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.

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

NBCT - Distributions

Dividend Yield Analysis

NBCT Category Low Category High NBCT % Rank
Dividend Yield 1.00% N/A N/A N/A

Dividend Distribution Analysis

NBCT Category Low Category High Category Mod
Dividend Distribution Frequency Annual

Net Income Ratio Analysis

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

Capital Gain Distribution Analysis

NBCT Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

NBCT - Fund Manager Analysis

Managers

Timothy Creedon

Start Date

Tenure

Tenure Rank

Apr 06, 2022

0.15

0.2%

Timothy Creedon, CFA, Managing Director, joined the firm in 2005 and is Director of Research for the Global Equity Research Department and a Portfolio Manager on the Neuberger Berman Focus Fund and the Neuberger Berman Research Opportunity Portfolio. Prior to his appointment as Director of Research, Tim served as an equity analyst covering Consumer Staples companies for the department. Previously, he spent three years working as a sell-side research associate at Lehman Brothers, also covering consumer stocks, and two years working in the Private Equity group at Lehman Brothers, where he was responsible for analyzing and executing investments in early stage telecom/media companies. Tim began his career at Merrill Lynch, where he spent two years working in Investment Banking, covering the telecommunications industry. He is a CFA charterholder and graduated magna cum laude from Georgetown University’s School of Foreign Service with a concentration in International Economics.

Hariharan Ramanan

Start Date

Tenure

Tenure Rank

Apr 06, 2022

0.15

0.2%

2019 – Present Neuberger Berman 2014 – 2018 Valarc Holdings, Managing Partner, Global Equities 2007 — 2014 Eminence Capital, Portfolio Manager, International Equities 2004 — 2007 Basso Capital, Managing Director and Portfolio Manager 2002 – 2004 Advent International, Senior Associate, Private Equity 2000 - 2002 Lehman Brothers, Analyst, Private Equity Knox College, BA (Mathematics and Economics) 21 Years of Industry Experience

James Tyre

Start Date

Tenure

Tenure Rank

Apr 06, 2022

0.15

0.2%

James Tyre is a Senior Vice President of Neuberger Berman Investment Advisers LLC. Mr. Tyre joined the firm in 2006. He is currently a Research Analyst in the Global Equity Research Department covering basic materials and industrial companies.

Ronald Silvestri

Start Date

Tenure

Tenure Rank

Apr 06, 2022

0.15

0.2%

Silvestri is a vice president of Neuberger Berman Management Inc. and is the utility analyst for Neuberger Berman, LLC. He joined Neuberger Berman in late 2005, having spent the previous 10 years at another firm as an analyst and portfolio manager covering global utilities, independent power producers, alternative energy, telecommunications and natural gas sectors.

Jared Mann

Start Date

Tenure

Tenure Rank

Apr 06, 2022

0.15

0.2%

Jared Mann, CFA is a Managing Director of Neuberger Berman Investment Advisers LLC. Mr. Mann joined the firm in 2008 and has been a Portfolio Manager of the Fund since April, 2022. He is Global Research ESG Engagement Director and a Senior Research Analyst in the Global Equity Research Department. Mr. Mann has primary research responsibility for the Agriculture, Coatings, Commodity & Specialty Chemicals, Environmental Services, Industrial Gases, and Ingredients sectors.

Tenure Analysis

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

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