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Carbon Transition & Infrastructure ETF

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NBCT | Carbon Transition & Infrastructure ETF
Investing in companies providing infrastructure at the foundation of the carbon transition megatrend
NET ASSET VALUE
$28.23
As of 05/16/24
1 DAY NAV CHANGE
$-0.19(-0.67%)
As of 05/16/24
YTD RETURN
13.53%
As of 05/16/24
NET EXPENSE RATIO1
0.55%
GROSS EXPENSE RATIO1
0.65%
Why NBCT?
Seeks to maximize long-term returns by investing in companies we view as innovative with commercial impact in carbon transition and infrastructure
Megatrend-driven opportunity
~$50tn in total carbon transition infrastructure investment2
Accelerating
momentum
Near-term tailwinds from convergence of policy, green stimulus and investor focus on ESG (Environmental, Social and Governance) factors
Supporting decarbonization
Invest in companies we believe will benefit by enabling global carbon transition
Daily liquid access to infrastructure
In an exchange-traded, transparent structure
Fund Details
As of 05/16/24
Total Net Assets
As of 05/16/24
$31.05 million
Ticker
NBCT
CUSIP
64135A101
ISIN
US64135A1016
Exchange
NYSE ARCA
INCEPTION DATE
04/06/22
Asset Class
Equities
Reference Benchmark
MSCI AC World Index (Net)
Distribution Frequency
Annually
Creation Basket Size (In Shares)
25,000
Shares Outstanding
As of 05/16/24
1,100,001
Number of Holdings
As of 05/16/24
38
Performance & Distributions
Price & Trading Characteristics
As of 05/16/24
NAV
$28.23
Closing Price (4PM)
$28.27
Premium/Discount ($)
$0.04
Premium/Discount (%)
0.14%
Daily Volume
4
30-Day Average Volume
1,212
30-Day Median Bid/Ask Spread
0.18%

Net Asset Value is determined at the close of each business day, and represents the dollar value of one share of the Fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. ETF investors should not expect to buy or sell shares at NAV.

Premium/Discount: The amount the Fund’s closing price is trading above or below the reported NAV, expressed as a percentage of the NAV. When the Fund’s closing price is greater than the Fund’s NAV, it is said to be trading at a “premium” and the percentage is expressed as a positive number. When the Fund’s closing price is less than the Fund’s NAV, it is said to be trading at a “discount” and the percentage is expressed as a negative number.

30 Day Bid/Ask Spread: The median bid-ask spread (expressed as a percentage rounded to the nearest hundredth) is calculated by identifying the national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified.

30-Day Average Volume (Shares): The average number of shares traded in a security across all U.S. exchanges over the last 30 calendar days. Because ETFs trade like stocks at current market prices, shareholders may pay more than a Fund’s NAV when purchasing fund shares and may receive less than a Fund’s NAV when selling Fund shares. The premium and discount information contained on this website represents past performance and cannot be used to predict future results.

HISTORICAL PREMIUM/DISCOUNT
Portfolio Holdings
  • Top 10 Holdings
  • Sector Allocation
  • Geographic Breakdown
  • as of
Fees
Annual Fund Operating Expenses
Management Fee
0.65%
Other Expenses
0.00%
Gross Expense Ratio
0.65%
Fee Waiver*
0.10%
Net Expense Ratio
0.55%

*Neuberger Berman Investment Advisers LLC, the investment manager to the Fund, has contractually agreed to waive a portion of its management fee through 04/08/2024. Please see the Fund’s prospectus for additional details.

*Neuberger Berman Investment Advisers LLC, the investment manager to the Fund, has contractually agreed to waive a portion of its management fee through 04/08/2024. Please see the Fund’s prospectus for additional details.

Team
Hari Ramanan
CIO - Research Funds
New York
Timothy F. Creedon, CFA
Director of Global Equity Research
New York
Ronald B. Silvestri
Senior Research Analyst
New York
Hari Ramanan, CIO - Research Funds

Hari Ramanan, Managing Director, joined the firm in 2019. Hari is a Portfolio Manager and CIO of Global Research Strategies at Neuberger Berman and leads the investing activities of the firm’s research-centric core and thematic funds. Prior to joining Neuberger Berman, Hari was Managing Partner of Valarc Holdings, a long-biased hedge fund backed by endowments and foundations to invest in a concentrated portfolio of globally traded equities that it looked to own for multiple years. In addition, the firm opportunistically took short positions in individual companies globally. Before founding Valarc in 2014, he served as a Portfolio Manager and Head of International Equities at Eminence Capital, a $7 billion equity long-short investment firm investing in quality companies globally. He joined Eminence in 2007 with a mandate to spearhead the firm’s international investing efforts. Prior to Eminence, Hari was a Managing Director and Portfolio Manager at Basso Capital, a multi-strategy investment firm in Connecticut where he focused on European equity and distressed debt investments. Hari began his career at Lehman Brothers Private Equity Division in New York. He subsequently worked for Advent International, the global private equity firm, in London and focused on European buyouts. Hari earned his Bachelor of Arts, magna cum laude, in Mathematics and Economics from Knox College in 2000. Hari served on the Board of Trustees of Knox College and its Investment Committee from 2009 to 2019.

Timothy F. Creedon, CFA, Director of Global Equity Research
Timothy Creedon, CFA, Managing Director, joined the firm in 2005 and has been the Director of Research for the Global Equity Research Department since 2011. Tim previously served as an equity analyst covering Consumer companies for the firm. Before that, he worked at Lehman Brothers, also covering consumer stocks, and worked 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 worked in Investment Banking, covering the Communications 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. Tim is a member of the firm’s Partnership Committee and Investment Risk Committee.
Ronald B. Silvestri, Senior Research Analyst

Ronald Silvestri, Managing Director, joined the firm in 2005. Ron is a Senior Utilities, Pipeline and Renewable Energy Analyst in Neuberger Berman’s Global Equity Research Department.  In his role as Senior Analyst, Ron is responsible for analyzing utility, pipeline and renewable energy-related sectors and recommending equity ideas for Neuberger Berman's clients.  Ron is a co-portfolio manager of the Neuberger Berman Carbon Transition & Infrastructure active ETF. Ron is also a co-portfolio manager of the Neuberger Berman Energy Portfolio, which comprises the energy team's best ideas.  Prior to joining Neuberger Berman, Ron was a senior vice president and senior portfolio manager of globally invested utility funds for Morgan Stanley Investment Management.  Portfolios managed invested in electric and gas utilities, renewable energy, pipelines and telecommunications services and equipment securities.  Ron also assisted in the management of the telecom component of an info-tech portfolio.  Ron earned a BA in Economics from Montclair State University and is a long-standing member of the Wall Street Utility Splinter group.

Jared Mann, CFA
ESG Engagement Director - Global Research
New York
James Tyre
Senior Research Analyst
New York
Jared Mann, CFA, ESG Engagement Director - Global Research
Jared Mann, CFA, Managing Director, joined Neuberger Berman in 2008. Jared is a Senior Research Analyst for the Global Equity Research Department with responsibility for the Agriculture, Coatings, Commodity & Specialty Chemicals, Environmental Services, Industrial Gases, and Ingredients sectors. Jared is also a Portfolio Manager of the Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) and Global Research ESG Engagement Director. Prior to joining the firm, he was an equity analyst at Narragansett Asset Management. Jared earned an AB degree, Phi Beta Kappa, from Princeton University in 2002 and an MBA from Columbia Business School in 2008. He has been awarded the Chartered Financial Analyst designation.
James Tyre, Senior Research Analyst
James Tyre, Senior Vice President, joined the firm in 2006 and is currently a Research Analyst in the Global Equity Research Department covering basic materials and industrial companies. Prior to joining Neuberger Berman, he was an associate for six years in the Equity Research division of Lehman Brothers. Jim received a BS in Finance from Georgetown University.
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