Neuberger Berman Option Strategy ETF
$28.62−0.11 (−0.38%)
- Expense ratio
- 0.59%
- Fund size
- $569M
- 1Y return
- +16.4%
- Yield · Last 12 months
- 7.94%
- Holdings
- 29
- Volume · 30D
- 0.1M sh
- NAV per share
- $28.65
- 52W range
The ETF.net NBOS Grade
Score 67 of 100 sits in the B 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.CScore 52Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 47Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 63Category rank
Our read on NBOS
BMost options-income ETFs sell calls on stocks they already own. NBOS flips the trade: it sells collateralized puts on the S&P 500 and parks the collateral in bonds, so premium, not dividends, does the work.
The Fund seeks long-term capital growth and income mainly by selling collateralized puts on U.S. indices, including the S&P 500 and related S&P 500 suite indices, while investing collateral in fixed-income instruments intended to moderate volatility.
Why people hold it
- The mandate is a put-write, not a covered call: sell collateralized puts on the S&P 500 and related indices, hold the collateral in fixed income meant to moderate volatility.
- 0.59% a year, below the 0.75% median for its options-income peer group and cheaper than every fund citing the same index (ACYS, SIXH, OVL, MRSK).
- Pays monthly, and runs a compact book of roughly 30 positions rather than a sprawling equity sleeve with options bolted on.
- Sticks closely to the strategy its prospectus describes, and stands among the stronger implementations in a crowded options-income field.
Worth knowing
- Selling puts means your equity upside is the premium collected, while index downside still flows through. Expect it to trail the S&P 500 in strong rallies.
- Launched in 2024, so the live record is short and spans a narrow slice of market conditions.
- Moderately traded rather than a category giant, so limit orders are the sane way in and out.
NBOS Holdings
- Other
- 29
- 105%
- SSC GOVERNMENT MM GVMXX
Geography
NBOS 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 | NBOS |
|---|---|
| Year to date | +11.3% |
| 1 month | +1.5% |
| 3 months | +4.3% |
| 1 year | +16.4% |
| 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 | NBOS |
|---|---|---|
| 2026 YTD | +11.3% | |
| 2025 | +12.2% | |
| 2024 | +11.0% |
NBOS in the news
ETF.net Research hasn’t filed on NBOS yet — coverage lands here as it’s written.
NBOS Dividends
- 7.94%
- $2.28
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.19 |
| Jul 28, 2026 | Jul 31, 2026 | $0.19 |
| Jun 25, 2026 | Jun 30, 2026 | $0.20 |
| May 26, 2026 | May 29, 2026 | $0.19 |
| Apr 27, 2026 | Apr 30, 2026 | $0.18 |
| Mar 26, 2026 | Mar 31, 2026 | $0.19 |
| Feb 24, 2026 | Feb 27, 2026 | $0.19 |
| Jan 27, 2026 | Jan 30, 2026 | $0.20 |
| Dec 18, 2025 | Dec 23, 2025 | $0.25 |
| Nov 24, 2025 | Nov 28, 2025 | $0.17 |
| Oct 28, 2025 | Oct 31, 2025 | $0.17 |
| Sep 25, 2025 | Sep 30, 2025 | $0.17 |
NBOS Risk
- 5.8%
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.
- 1.43
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.
- −12.7%
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.
- 0.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NBOS Cost
- The middle half of S&P 500 Option Income funds
- Median 0.60%
23 of the 51 S&P 500 Option Income funds charge less.