NEMD | Emerging Markets Debt Hard Currency ETF
ETF | Fixed Income
NEMD | Emerging Markets Debt Hard Currency ETF
NET ASSET VALUE
$51.65
1 DAY NAV CHANGE
$-0.04
(-0.07%)YTD RETURN
14.25%
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
30-day SEC yield is similar to a yield to maturity for the entire portfolio. The formula is designated by the Securities and Exchange Commission (SEC). Past performance is no guarantee of future results. Absent any expense cap arrangement noted above, the SEC yields may have been lower. A negative 30-Day SEC yield results when a Fund’s accrued expenses exceed its income for the relevant period. Please note, in such instances the 30-day SEC yield may not equal the Fund’s actual rate of income earned and distributed by the fund and therefore, a per-share distribution may still be paid to shareholders.
*Distribution Rate (annualized) is calculated by taking the most recent distribution and multiplying it by 12 to get an annualized total and then dividing the total by the net asset value on the last business day of the month of the distribution. There is no assurance that the ETF will always be able to pay distributions of a particular size and past distributions are not indicative of future distributions. Distributions are historical, will fluctuate, including in response to tax requirements, and are not guaranteed. This data is provided for informational purposes only. The Distribution Rate represents a single distribution from the ETF and does not represent its total return.
Weighted Average Maturity is expected average life to worst or in other words the par-weighted average time (in years) to principal repayment for securitized assets or the time (in years) to probable call/put for non-securitized assets.
Spread Duration — The sensitivity of the price of a security to changes in its credit spread. The credit spread is the difference between the yield of a security and the yield of a benchmark rate, such as a cash interest rate or government bond yield.
Weighted Average Duration — The mean average duration of a portfolio of bonds or loans, where each holding is weighted according to its size in the portfolio. Duration is a measure of the sensitivity of the price of a bond or loan to changes in its interest rate.
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.
