Neuberger Berman Option Strategy ETF
$28.74−0.08 (−0.28%)
- 0.59%
- $578M
- +18.1%
- 7.99%
- 0.1M sh
- $28.74
- low $26.07high $29.00
The ETF.net NBOS Grade
B
Score 67 out of 100
- 16 of 52
Score 67 of 100 falls in the B 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.C54 out of 100Rank 24 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 13 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 29 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 19 of 52
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
- 11
- 101%
- Us Treasury N/B 06/27 4.625
Geography
- United States100.00%
NBOS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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NBOS$11,815
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 | NBOS |
|---|---|
| Year to date | +12.4% |
| 1 month | +2.0% |
| 3 months | +4.0% |
| 1 year | +18.1% |
| 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 | +12.4% | |
| 2025 | +12.2% | |
| 2024 | +11.0% |
NBOS in the news
NBOS Dividends
- 7.99%
- $2.30
- $0.19 per share
- Monthly
Distribution history
NBOS Risk
- 5.7%
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.
- 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.
- 0.40
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
0.59%
NBOS0.59%
- 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.
Other funds in S&P 500 Option Income
- BPAPIParametric Equity Premium Income ETFExpense ratio 0.29%1 year return +14.6%
- BSIXHETC 6 Meridian Hedged Equity Index Option ETFExpense ratio 0.31%1 year return +17.8%
- BWTPIWisdomTree Equity Premium Income FundExpense ratio 0.44%1 year return +14.5%
- BXPAYRoundhill Investments - S&P 500 Target 20 Managed Distribution ETFExpense ratio 0.49%1 year return +19.5%
- BISPYProShares - S&P 500 High Income ETFExpense ratio 0.56%1 year return +16.4%