Neuberger Berman Flexible Credit Income ETF
$50.08−0.19 (−0.37%)
- Expense ratio
- 1.08%
- Fund size
- $99M
- 1Y return
- +3.9%
- Yield · Last 12 months
- 7.24%
- Holdings
- 659
- Volume · 30D
- 0M sh
- NAV per share
- $50.09
- 52W range
The ETF.net NBFC Grade
Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 17Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 69Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 15Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on NBFC
DA 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
- 659
- 28%
- EUR261015
Geography
- United States96.99%
- France1.81%
- Germany0.48%
- Portugal0.45%
- Belgium0.15%
- Argentina0.12%
NBFC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +2.3% |
| 1 month | −0.3% |
| 3 months | +0.5% |
| 1 year | +3.9% |
| 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 | +2.3% | |
| 2025 | +9.6% | |
| 2024 | +4.6% |
NBFC in the news
ETF.net Research hasn’t filed on NBFC yet — coverage lands here as it’s written.
NBFC Dividends
- 7.24%
- $3.64
- $0.28 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.28 |
| Jul 28, 2026 | Jul 31, 2026 | $0.28 |
| Jun 25, 2026 | Jun 30, 2026 | $0.27 |
| May 26, 2026 | May 29, 2026 | $0.24 |
| Apr 27, 2026 | Apr 30, 2026 | $0.26 |
| Mar 26, 2026 | Mar 31, 2026 | $0.30 |
| Feb 24, 2026 | Feb 27, 2026 | $0.24 |
| Jan 27, 2026 | Jan 30, 2026 | $0.27 |
| Dec 18, 2025 | Dec 23, 2025 | $0.66 |
| Nov 24, 2025 | Nov 28, 2025 | $0.27 |
| Oct 28, 2025 | Oct 31, 2025 | $0.29 |
| Sep 25, 2025 | Sep 30, 2025 | $0.30 |
NBFC Risk
- 3.3%
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.
- 1.09
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.
- 0.23
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
- The middle half of Multi-Sector Bond Income funds
- Median 0.55%
18 of the 23 Multi-Sector Bond Income funds charge less.