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Disrupters ETF

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NBDS | Disrupters ETF
Investing in companies we believe help create transformative change in their industries
NET ASSET VALUE
$18.49
As of 11/28/22
1 DAY NAV CHANGE
$-0.30(-1.59%)
As of 11/28/22
NET EXPENSE RATIO1
0.55%
GROSS EXPENSE RATIO1
0.65%
High conviction, all-cap portfolio that seeks to invest in companies creating new markets or disrupting old paradigms, and have the potential to self-fund their growth over time.
Access to the Age of Acceleration
Exposure to what we believe are transformational growth companies on the frontier of disruptive change
Significant Growth Opportunity
Enabling technologies continue to accelerate innovation across sectors, potentially leading to more advancement in the next decade than in the past 100 years combined2
Broad Exposure
Curated all-cap portfolio informed by deep bottom-up stock selection
Rigorous Risk Discipline
Seek to own higher quality names, with fundamental sell discipline and attention to factor risk
FUND DETAILS
As of 11/25/22
Total Net Assets
As of 11/25/22
$5.24 million
Ticker
NBDS
CUSIP
64135A200
ISIN
US64135A2006
Exchange
NYSE ARCA
INCEPTION DATE
04/06/22
Asset Class
Equities
Reference Benchmark
Russell 1000 Growth Index
Distribution Frequency
Annually
Creation Basket Size (In Shares)
25,000
Shares Outstanding
As of 11/25/22
279,000
Number of Holdings
As of 11/25/22
29
PERFORMANCE & DISTRIBUTIONS
PRICE & TRADING CHARACTERISTICS
As of 11/25/22
NAV
$18.79
Closing Price (4PM)
$18.79
Premium/Discount ($)
$0.01
Premium/Discount (%)
0.04%
Daily Volume
1
30-Day Average Volume
152
30-Day Median Bid/Ask Spread
0.16%

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 04/08/2023. 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 04/08/2023. Please see the Fund’s prospectus for additional details.

Team
Rick Bradt
Portfolio Manager
New York
Jason Tauber, CFA
Portfolio Manager
New York
Rick Bradt, Portfolio Manager
Rick Bradt, Managing Director, joined the firm in 2012. Rick is a Portfolio Manager for Large Cap Disciplined Growth and the Disrupters Portfolio. Rick spent the prior 20 years in the industry as an equity salesman at several firms, including CLSA, Jefferies, SoundView Technology Group and Schroders. Rick received an MBA from the Graduate School of Business, Stanford University and a BA in American Studies from Cornell University.
Jason Tauber, CFA, Portfolio Manager
Jason Tauber, CFA, Managing Director, joined the firm in 2006. Jason is a Portfolio Manager for Large Cap Disciplined Growth and the Disrupters Portfolio. From 2004 to 2006, Jason was a research and trading analyst at Lehman Brothers, covering both retail and consumer packaged goods companies. Prior to business school, Jason was an investment banking analyst at Cowen & Company and a product manager for a financial software startup. Jason received an MBA from the Johnson School at Cornell University, where he was a Park Leadership Fellow and graduated Phi Beta Kappa from Haverford College with a BS in Molecular Biology. Jason has been awarded the Chartered Financial Analyst designation.
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