XXXXX | Small-Mid Cap ETF

*Prior to December 18th, 2025, the Fund included “Neuberger Berman” in place of “Neuberger” in its name.

Why Invest

Seeks to invest in high quality small- and mid-cap businesses with above average, sustainable growth prospects

 

An opportunity to access high quality SMID-cap companies in one trade with an actively managed ETF that provides potential tax efficiency, daily portfolio transparency and intra-day tradability

Actively Managed

The relative lack of analyst coverage in the SMID-cap universe can result in companies that are underappreciated and mispriced versus their potential, creating opportunity for active managers to add value

Large, Experienced Team

Seasoned investment professionals averaging 20+ years of experience with a proven strategy track record, well-resourced to exploit market inefficiencies in the SMID-cap universe

Focus on High-Quality

Focus on companies with consistent free cash flow generation, above-average profitability, conservative balance sheets and differentiated business models with durable barriers to entry

Unique Risk/Return Profile

High-quality investment philosophy seeks to mitigate the risks inherent in the SMID-cap asset class, providing less volatility and potential downside mitigation

Fund Facts

IN THE NEWS

NB Small-Mid Cap ETF (NBSM) Named One of the Best New ETFs of 2024 by Morningstar

“This new ETF gives investors access to Neuberger Berman’s highly regarded separate account strategy with the tax efficiency of ETFs. The Fund’s experienced team and disciplined approach possess many hallmarks of an appealing smid-cap strategy.”
-Bryan Armour, Morningstar, December 10, 2024

Performance

Returns & Distributions

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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.

Portfolio Management Team

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