NBET | Energy Transition & Infrastructure ETF
ETF | Equities
NBET | Energy Transition & Infrastructure ETF
NET ASSET VALUE
$32.57
1 DAY NAV CHANGE
$0.22
(0.69%)YTD RETURN
4.06%
Formerly known as the Neuberger Berman Carbon Transition and Infrastructure ETF. The current management team began managing the Fund on November 1, 2024 using the current energy transition and infrastructure strategy. Prior to November 1, 2024, the Fund had a different fee and expense structure, a different goal, different portfolio managers and different principal investment strategies and risks including a carbon transition and infrastructure strategy.
Why Invest
Concentrated portfolio of 20-30 names with an emphasis on companies with the potential for stable, reliable cash flows and a history of distribution growth
Attractive Long-Term Tailwinds
The U.S. has become an energy export powerhouse, while data centers and an AI-driven future should drive growth in power demand not yet seen this century
Income Potential
Targets investments that can provide attractive cash distributions and total return potential
Tenured Team
A cohesive investment team with extensive industry relationships and experience, investing in energy infrastructure, utilities, and MLPs since 1996
Daily Liquid Access to Energy Infrastructure
ETF structure provides intra-day liquidity and potential for enhanced tax efficiency
Fund Facts
Ticker: NBET
CUSIP: 64135A101
Gross Expense Ratio1: 2.56%
Net Expense Ratio1: 0.65%
Inception Date: 04/06/2022
Returns & Distributions
- Daily
- Month End
- Quarter End
- Calendar Year
Performance data quoted represent past performance, which is no guarantee of future results. 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 costs. Return information shown for less than one year is cumulative, not annualized. 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 lower or higher than the performance data quoted. The current management team began managing the Fund on November 1, 2024 using the current energy transition and infrastructure strategy. Prior to November 1, 2024, the Fund had a different fee and expense structure, a different goal, different portfolio managers and different principal investment strategies and risks including a carbon transition and infrastructure strategy and a different benchmark, the MSCI AC World Index (Net).
The Fund’s performance prior to that date would have been different if the current fees and expenses, goal, and principal investment strategies had been in effect.
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).
- Top 10 Holdings
- Sector Allocation
- Geographic Breakdown
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.
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). The Fund’s investment 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) of the Fund are limited to 0.55% of average net assets through 4/8/2025 and to 0.65% from 4/9/25 through 10/31/2028. Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of most recent prospectus dated 12/18/2024 as amended and supplemented. Please see the Fund’s prospectus for additional details.
Net expense ratio represents the total annual operating expenses that shareholders pay (after the effect of fee waivers). The Fund’s investment 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) of the Fund are limited to 0.55% of average net assets through 4/8/2025 and to 0.65% from 4/9/25 through 10/31/2028. Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of most recent prospectus dated 12/18/2024 as amended and supplemented. Please see the Fund’s prospectus for additional details.
