First-Year Review
Hartford Dynamic Bond ETF's first year: coupons covered a 3.9% slide
Neuberger Berman Flexible Credit Income ETF
$49.38−0.07 (−0.15%)
- 1.08%
- $126M
- +3.4%
- 7.24%
- 0M sh
- $49.35
- low $49.01high $55.64
The ETF.net NBFC Grade
C
Score 40 out of 100
- 13 of 25
Score 40 of 100 falls in the C 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.F17 out of 100Rank 21 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A72 out of 100Rank 3 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D27 out of 100Rank 22 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 8 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 9 of 25
Our read on NBFC
CA go-anywhere credit fund. Neuberger Berman's bond team can roam domestic, foreign and emerging-market credit rather than track one index, keeping at least 80% of assets in credit instruments and paying income monthly.
The Fund’s primary aim is high current income, with long-term capital appreciation as a secondary aim.
Why people hold it
- Wide mandate by design: at least 80% of net assets in credit instruments, including derivatives and credit-focused funds, across domestic, foreign and emerging markets.
- Actively managed with no index to hug, and it spreads its bets across roughly 600 positions, so no single issuer carries the fund.
- Income is the stated first priority, with long-term capital appreciation second. Distributions are paid monthly.
Worth knowing
- At 1.08%, the fee sits well above the bond-fund median of 0.40%, and index peers like AGZ (0.15%) charge a fraction. Active credit selection is what the premium buys.
- Thinly traded and modest in size, so bid-ask spreads can run wider than the category's household names.
- Launched in 2024, so its record does not yet span a full credit cycle, and derivatives use adds moving parts beyond plain bond ownership.
NBFC Holdings
- Bonds
- 578
- 35%
- EUR261015
Geography
- United States97.65%
- France1.17%
- Germany0.47%
- Portugal0.46%
- Belgium0.15%
- Argentina0.11%
NBFC Performance
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.Not enough history yet.
NBFC$10,337
Returns run to the Oct 12, 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.
| Period | NBFC |
|---|---|
| Year to date | +1.1% |
| 1 month | −0.9% |
| 3 months | −0.7% |
| 1 year | +3.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NBFC |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +9.6% | |
| 2024 | +4.6% |
NBFC in the news
NBFC Dividends
- 7.24%
- $3.58
- $0.24 per share
- Monthly
Distribution history
NBFC Risk
- 3.7%
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.
- 0.67
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.
- −4.0%
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.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NBFC Cost
1.08%
NBFC1.08%
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
18 of the 23 Multi-Sector Bond Income funds charge less.
Other funds in Multi-Sector Bond Income
- CWMSBNorthern Lights Fund Trust II - Weitz Multisector Bond ETFExpense ratio 0.65%1 year return —
- CWTBNWisdomTree Bianco Total Return FundExpense ratio 0.50%1 year return −3.0%
- DSSFIDay Hagan Smart Sector Fixed Income ETFExpense ratio 0.76%1 year return −2.6%
- DDYFIIDX Dynamic Fixed Income ETFExpense ratio 1.13%1 year return +0.4%
- DRTRECollaborative Investment Series Trust - Rareview Total Return Bond ETFExpense ratio 1.33%1 year return −3.0%