NEMD | Emerging Markets Debt Hard Currency ETF
ETF | Fixed Income
NEMD | Emerging Markets Debt Hard Currency ETF
NET ASSET VALUE
$50.23
1 DAY NAV CHANGE
$-0.10
(-0.21%)YTD RETURN
10.08%
NEMD began as the Neuberger Berman Emerging Markets Debt Fund (Predecessor Fund), an open-end mutual fund which had operated since September 27, 2013. As of the close of business on August 8, 2025, NEMD acquired the Predecessor Fund's assets and liabilities, and assumed its performance, financial and other historical information.
Why Invest
Multiple Potential Alpha Sources
Long-standing bottom-up and top-down approach led by an experienced, and well-resourced investment team with a global setup
Hard Currency Approach
Offers access to emerging markets hard currency debt with targeted derivatives use and moderate portfolio turnover
Robust Research Process
Proprietary coverage of 90+ emerging markets (EM) countries and 500+ EM corporate issuers
Fund Facts
Ticker: NEMD
CUSIP: 64135A788
Gross Expense Ratio1: 0.82%
Net Expense Ratio1: 0.60%
ETF Listing Date: 08/11/2025
Predecessor Fund Inception Date: 09/27/2013
Returns & Distributions
- Daily
- Month End
- Quarter End
- Calendar Year
Performance data shown represents past performance and is no guarantee of future results. Past performance, particularly for brief periods of time, are not indicative of future returns. Performance will vary over time and over various market conditions. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Return information shown for less than one year is cumulative, not annualized.
The inception date for the Institutional Class Shares of the Predecessor Fund is 9/27/2013.
Prior to close of business on 8/8/2025, the ETF operated as an open-end mutual fund. The NAV returns include returns of the Institutional Class Shares of the Predecessor Fund prior to the ETF’s commencement of operations. Market price returns are calculated using the official closing price of the Fund on the listing exchange.
Prior to the ETF’s listing on 8/11/2025, the NAV performance of the ETF and the Institutional Class Shares of the Predecessor Fund are used as proxy market price returns.
The quoted performance of the ETF includes performance of the Institutional Class Shares of the Predecessor Fund prior to the ETF's commencement of operations. Although the ETF operates using a different principal investment strategy than the Predecessor Fund, both have the same investment objective, which is to seek high total return consisting of income and capital appreciation. Please refer to the current prospectus for additional information.
The market price is the official closing price as of the closing time of the NYSE Arca (typically 4 p.m., Eastern time). The net asset value (NAV) is determined as of the closing time of the NYSE (typically 4 p.m., Eastern time).
Indices do not take into account any fees or expenses of investing in the individual securities that they track. Individuals cannot invest directly in any index.
Top 10 Holdings
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.
Net expense ratio represents the total annual operating expenses that shareholders pay (after the effect of fee waivers). Neuberger Berman Investment Advisers LLC (“Manager”) has contractually undertaken to waive and/or reimburse certain fees and expenses of the Fund so that the total annual operating expenses (excluding interest, brokerage commissions, acquired fund fees and expenses, taxes including any expenses relating to tax reclaims, dividend and interest expenses relating to short sales, and extraordinary expenses, if any) (“Operating Expenses”) of the Fund are limited to 0.59% of average net assets. This undertaking lasts until 10/31/2028 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that it will repay the Manager for fees and expenses waived or reimbursed for the Fund, including those fees and expenses waived or reimbursed for the Institutional Class Shares of the Predecessor Fund, provided that repayment does not cause annual Operating Expenses to exceed 0.59% of the Fund’s average net assets. Any such repayment must be made within three years after the year in which the Manager incurred the expense.
Net expense ratio represents the total annual operating expenses that shareholders pay (after the effect of fee waivers). Neuberger Berman Investment Advisers LLC (“Manager”) has contractually undertaken to waive and/or reimburse certain fees and expenses of the Fund so that the total annual operating expenses (excluding interest, brokerage commissions, acquired fund fees and expenses, taxes including any expenses relating to tax reclaims, dividend and interest expenses relating to short sales, and extraordinary expenses, if any) (“Operating Expenses”) of the Fund are limited to 0.59% of average net assets. This undertaking lasts until 10/31/2028 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that it will repay the Manager for fees and expenses waived or reimbursed for the Fund, including those fees and expenses waived or reimbursed for the Institutional Class Shares of the Predecessor Fund, provided that repayment does not cause annual Operating Expenses to exceed 0.59% of the Fund’s average net assets. Any such repayment must be made within three years after the year in which the Manager incurred the expense.
