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Launched

Neuberger Berman Energy Transition & Infrastructure ETF

NBETNYSE ArcaNeuberger BermanD

$42.00−1.43 (−3.29%)

At close: Nov 2, 2026, 4:00 PM ET

D32/ 100

Rank 28 of 34 in Infrastructure

D32/100Rank 28 of 34inInfrastructure
Intraday session: down, 79 prints from 43.43 to 42.00. Range 42.00 to 43.10. Use the arrow keys to read each point.42.2542.5042.7543.0043.2510 AM12 PM2 PM4 PM
Expense ratio
2.10%
Fund size
$58M
1Y total return
+35.4%
Yield · Last 12 months
2.39%
Holdings
34
Avg volume · 30D
5.7K sh
52W range
low $31.50high $43.63
Launched

The ETF.net NBET Grade

Based on 5 of 6 pillars

D

Score 32 out of 100

Category
Infrastructure⁠
Rank
28 of 34
Six-pillar profile for NBET. Scores out of 100: Cost 0, Risk 67, Mission not scored, Tradability 57, Holdings 31, Durability 55. Strongest: Risk (67). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 34 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B67 out of 100
    Rank 9 of 34

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B57 out of 100
    Rank 15 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 25 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 17 of 34

Our read on NBET

ETF.net Research

In short

DA concentrated global take on the energy transition build-out: grids, utilities, industrial materials, telecom networks and the real assets underneath them, roughly 30 names deep. A distinctive mandate carrying a premium price tag.

Stated mandate

The Fund seeks exposure to equity securities of energy transition and infrastructure companies. Its mandate covers infrastructure assets and services across energy, utilities, industrial materials, real estate facilities, and telecommunications networks.

Why people hold it

  • The mandate is wider than the label suggests: energy, utilities, industrial materials, real estate facilities and telecom networks all count as transition infrastructure.
  • Roughly 30 holdings spanning US and international markets, so individual names carry real weight instead of being diluted inside a sprawling index basket.
  • Trading since 2022, so there is a multi-year live record to inspect rather than a backtest, and the fund distributes quarterly.

Worth knowing

  • Cost is the headline trade-off: 2.10% a year, versus index rivals in the same lane like IGF at 0.37% and IFRA at 0.30%.
  • A small fund that trades thinly, so bid-ask spreads and order size matter more here than with the category's heavyweights.
  • About 30 stocks tied to a single policy-sensitive theme: swings in that theme land harder than they would in a broad infrastructure basket.

NBET Holdings

Holdings pillarD31 out of 100Rank 25 of 32 in Infrastructure
Asset class
Stocks
Holdings
34
Top-10 weight
59%
Largest holding
TRGP9.6%

Sectors

  • Energy91.0%
  • Utilities7.1%
  • Industrials1.9%

Geography

  • United States97.33%
  • Canada2.67%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1TRGPTarga Resources Corp Common Stock9.63%17,593$5.54M351
2ETEnergy Transfer Lp Mlp7.44%204,632$4.28M49
3EPDEnterprise Products Partners Mlp7.16%108,023$4.12M44
4LNGCheniere Energy Inc Common Stock6.91%12,037$3.98M277
5DTMDt Midstream Inc Common Stock5.67%26,246$3.26M198
6COPConocophillips Common Stock5.27%19,681$3.03M443
7CVXChevron Corp Common Stock4.74%11,577$2.73M501
8WMBWilliams Cos Inc Common Stock4.48%34,630$2.57M361
9WESWestern Midstream Partners L Mlp3.93%50,786$2.26M39
10CWENClearway Energy Inc C Common Stock3.84%68,972$2.21M149
11ARAntero Resources Corp Common Stock3.69%50,502$2.13M153
12AMAntero Midstream Corp Common Stock3.56%95,400$2.05M188
13XOMExxonmobil Holdings Corp Common Stock3.38%10,389$1.95M527
14SUNCSunococorp Llc Common Stock3.26%26,358$1.88M55
15SEISolaris Energy Infrastructur Common Stock3.16%25,739$1.82M124

Showing 1–15 of 34 holdings

NBET Performance

Launched Apr 6, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
NBET$13,544
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. NBET $13,544. SPY $11,146. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NBET. Periods over one year show the average yearly return.
PeriodNBET
Year to date+31.2%
1 month+5.3%
3 months+5.0%
1 year+35.4%
3 yearsper year+26.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NBET
YearReturn barNBET
2026 YTD+31.2%
2025+5.9%
2024+30.4%
2023+7.5%
2022−6.1%

History from Apr 7, 2022

NBET in the news

NBET Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
2.39%Last 12 months
Payout per share
$1.00Last 12 months
Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2022–2026

One bar per payment. 10 payments from 2022 to 2026 YTD. Dec 16, 2022 $0.20; Dec 19, 2023 $0.31; Dec 18, 2024 $0.77; Mar 21, 2025 $0.21; Jun 23, 2025 $0.27; Sep 23, 2025 $0.28; Dec 18, 2025 $0.13; Mar 20, 2026 $0.27; Jun 23, 2026 $0.30; Sep 23, 2026 $0.31. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 28, 2026$0.31
Jun 23, 2026Jun 26, 2026$0.30
Mar 20, 2026Mar 25, 2026$0.27
Dec 18, 2025Dec 23, 2025$0.13
Sep 23, 2025Sep 26, 2025$0.28
Jun 23, 2025Jun 26, 2025$0.27
Mar 21, 2025Mar 26, 2025$0.21
Dec 18, 2024Dec 23, 2024$0.77
Dec 19, 2023No data$0.31
Dec 16, 2022No data$0.20

— Pay date not on file.

$10,000 in NBET 3 years ago paid $1,260 in dividends.

NBET Risk

Risk pillarB67 out of 100Rank 9 of 34 in Infrastructure
How much the fund’s monthly returns vary, scaled to a year.
18.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.29
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.7%
54 months · trough Oct 2023
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

NBET Cost

Compare NBET and IFRA

Overpaying vs IFRA, cheapest in Infrastructure

$27,972

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NBET 2.10%

    $34,121

  • IFRA 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • NBET 2.10%
  • IFRA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530NBET $34,121IFRA $6,149

Year by year

YearNBETIFRAOverpaying
10$3,537$545$2,992
20$12,665$2,113$10,552
30$34,121$6,149$27,972

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