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Short Duration Income ETF

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NBSD | Short Duration Income ETF
Multi-sector fixed income portfolio focused on the front-end of the curve
NET ASSET VALUE
$50.59
As of 07/22/24
1 DAY NAV CHANGE
$0.00(0.01%)
As of 07/22/24
YTD RETURN
3.30%
As of 07/22/24
NET EXPENSE RATIO1
0.35%
GROSS EXPENSE RATIO1
0.46%

NOTICE:

NBSD began as the Neuberger Berman Short Duration Bond Fund (Predecessor Fund), an open-end mutual fund which had operated since June 9, 1986. As of the close of business on June 21, 2024, NBSD acquired the Predecessor Fund's assets and liabilities, and assumed its performance, financial and other historical information.

Why NBSD?
Income Focus
Seeks to deliver a consistent and efficient income stream with a short duration investment grade risk profile
Dynamic & Unbiased Sector Allocation
Invests across rates and credit markets in search of the best income opportunities
High Conviction Security Selection
Excellence in research is a foundational aspect of the Neuberger Berman Multi-Sector Fixed Income platform
Fund Details
As of 07/22/24
Total Net Assets
As of 07/22/24
$145.52 million
Ticker
NBSD
CUSIP
64135A887
ISIN
US64135A8870
Exchange
NYSE ARCA
ETF Listing Date
06/24/24
Predecessor Fund Inception Date
06/09/86
Asset Class
Fixed Income
Reference Benchmark
Bloomberg 1-3 Year U.S. Government/Credit Bond Index
Distribution Frequency
Monthly
Creation Basket Size (In Shares)
25,000
Shares Outstanding
As of 07/22/24
2,876,382
Number of Holdings
As of 07/22/24
341
WEIGHTED AVERAGE DURATION (YEARS)
As of 06/30/24
2.00
WEIGHTED AVERAGE MATURITY (YEARS)
As of 06/30/24
3.27

Weighted Average Duration can be a useful tool in measuring the price sensitivity of the portfolio to changes in interest rates and measures the % change in price for a 100 bps of shift in interest rates. Unlike other measures of duration, average effective duration takes into account any optionalities (e.g. whether the instrument is callable at a certain price) embedded within each security in the portfolio. Generally, the larger the duration, the more sensitive the portfolio will be to a change in interest rates. Instruments with higher effective durations often carry more risk and have higher price volatility than those with lower durations.

Weighted Average Maturity is the 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.

Performance & Distributions
Price & Trading Characteristics
As of 07/22/24
NAV
$50.59
Closing Price (4PM)
$50.46
Premium/Discount ($)
($0.13)
Premium/Discount (%)
-0.26%
Daily Volume
215
30-Day Average Volume
7,599
30-Day Median Bid/Ask Spread
0.10%

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