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Launched

Neuberger Berman Japan Equity ETF

NBJPNYSE ArcaNeuberger BermanC

$34.49+0.21 (+0.63%)

As of Nov 2, 2026, 3:19 PM ET

C39/ 100

Rank 17 of 18 in Japan

C39/100Rank 17 of 18inJapan
Intraday session: up, 65 prints from 34.28 to 34.49. Range 34.28 to 34.70. Use the arrow keys to read each point.34.4034.6034.7010 AM12 PM2 PM4 PM
Expense ratio
1.92%
Fund size
$123M
1Y total return
+15.2%
Yield · Last 12 months
2.06%
Holdings
57
Avg volume · 30D
7.89K sh
52W range
low $29.80high $38.95
Launched

The ETF.net NBJP Grade

C

Score 39 out of 100

Category
Japan⁠
Rank
17 of 18
Six-pillar profile for NBJP. Scores out of 100: Cost 0, Risk 25, Mission 100, Tradability 33, Holdings 40, Durability 39. Strongest: Mission (100). Weakest: Cost (0). Leans toward Mission.

Score 39 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. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 18 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 14

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 16 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 12 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 15 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 14 of 18

Our read on NBJP

ETF.net Research

In short

CMost Japan ETFs just buy the whole market. NBJP hires stock pickers instead: a concentrated portfolio of about 60 Japanese companies screened for quality and durable growth. Active conviction, at an active price.

Stated mandate

The Fund seeks long-term growth of capital.

Why people hold it

  • Genuinely active, not an index in disguise: roughly 60 Japanese names chosen by Neuberger Berman's research team, with at least 80% of assets in companies tied economically to Japan.aaii.com
  • Stays in its lane. A dedicated single-country Japan equity mandate, with no drift into broader Asia or global developed markets.
  • Concentration with intent: at about 60 holdings, individual picks actually move the portfolio, rather than getting diluted inside a several-hundred-stock market cap index.

Worth knowing

  • Cost is the trade-off: a 1.92% stated expense ratio against a roughly 0.50% cohort median, with index peers like FLJP at 0.09%. Fee caps can lower the net figure, so read the current prospectus.
  • Thinly traded with a modest asset base, so spreads can run wider than the giant index Japan funds like BBJP and EWJ.
  • Young fund. It opened in 2024, so there is not yet a full market cycle to judge the stock picking against cheap index alternatives.

NBJP Holdings

Holdings pillarC40 out of 100Rank 15 of 18 in Japan
Asset class
Stocks
Holdings
57
Top-10 weight
37%
Largest holding
8766.T5.1%

Geography

  • Japan100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
18766.TTokio Marine Holdings Inc Common Stock5.13%1,755,400$6.3M144
28308.TResona Holdings Inc Common Stock4.74%402,900$5.82M119
38411.TMizuho Financial Group Inc Common Stock4.50%110,800$5.53M143
46745.THochiki Corp Common Stock4.40%405,400$5.41M31
56869.TSysmex Corp Common Stock4.33%436,100$5.33M71
68015.TToyota Tsusho Corp Common Stock3.42%91,600$4.2M119
78830.TSumitomo Realty & Developmen Common Stock3.13%188,300$3.84M109
85334.TNiterra Co Ltd Common Stock2.64%141,000$3.25M89
91944.TKinden Corp Common Stock2.39%71,900$2.94M67
106098.TRecruit Holdings Co Ltd Common Stock2.39%24,600$2.94M167
118001.TItochu Corp Common Stock2.29%191,400$2.81M127
129336.TDaiei Kankyo Co Ltd Common Stock2.29%111,600$2.81M30
135802.TSumitomo Electric Industries Common Stock2.23%231,600$2.74M138
144732.TUss Co Ltd Common Stock2.20%243,100$2.7M73
156501.THitachi Ltd Common Stock2.15%82,200$2.64M169

Showing 1–15 of 57 holdings

NBJP Performance

Launched Sep 11, 2024

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.
NBJP$11,519
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NBJP $11,519. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 NBJP. Periods over one year show the average yearly return.
PeriodNBJP
Year to date+11.3%
1 month−4.3%
3 months−2.7%
1 year+15.2%
3 yearsFund is under 3 years oldper yearNo data
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 NBJP
YearReturn barNBJP
2026 YTD+11.3%
2025+30.3%
2024−3.3%

History from Sep 12, 2024

NBJP in the news

NBJP 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 Oct 30, 2026.
2.06%Last 12 months
Payout per share
$0.70Last 12 months
Last payment
$0.70 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.18; Dec 19, 2025 $0.70. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$0.70
Dec 18, 2024Dec 23, 2024$0.18

$10,000 in NBJP 1 year ago paid $232 in dividends.

NBJP Risk

Risk pillarD25 out of 100Rank 16 of 18 in Japan
How much the fund’s monthly returns vary, scaled to a year.
16.4%
Annualised · 25 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.
0.78
vs 3-month T-bills · 25 months 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.
−14.3%
25 months · trough Mar 2026
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.
0.70
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.

NBJP Cost

Compare NBJP and FLJP

Overpaying vs FLJP, tied cheapest in Japan

$30,006

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

  • NBJP 1.92%

    $31,904

  • FLJP 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • NBJP 1.92%
  • FLJP 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530NBJP $31,904FLJP $1,898

Year by year

YearNBJPFLJPOverpaying
10$3,258$165$3,093
20$11,757$646$11,111
30$31,904$1,898$30,006

Other funds in Japan

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