Neuberger Berman Short Duration Income ETF
$49.99−0.04 (−0.08%)
- 0.42%
- $1.6B
- +2.3%
- 4.76%
- 0.3M sh
- $49.92
- low $49.80high $51.57
The ETF.net NBSD Grade
Score 37 out of 100
- 10 of 12
Score 37 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.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 11 of 12Mission
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.B69 out of 100Rank 2 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 5 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F24 out of 100Rank 12 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 6 of 12
Our read on NBSD
DA 1986 mutual fund that swapped into an ETF wrapper in 2024: same team, same mandate. It hunts the highest current income it can find in investment-grade bonds while holding duration to three years or less, and pays monthly.
The fund seeks the highest available current income while maintaining liquidity and limiting principal risk; total return is secondary. It invests at least 80% of net assets in investment-grade fixed- and floating-rate debt and normally targets average portfolio duration of three years or less.
Why people hold it
- Not a startup strategy. It ran as the Neuberger Berman Short Duration Bond Fund from 1986 and converted into this ETF in June 2024, carrying over the portfolio and the record.nb.comsec.gov
- The three-year duration target is written into the mandate, along with at least 80% investment grade, so rate moves push it around less than a core aggregate bond fund.
- Roughly 1,100 fixed and floating rate positions, US and overseas, keep any single issuer small. Income lands monthly.
Worth knowing
- The 0.42% fee sits above the typical charge in its bond cohort. JPLD measures against the same 1-3 year government/credit index for 0.24%, and index agg funds like BND run 0.03%.
- Income comes first by design and total return is secondary. Short duration also means smaller price moves than long bonds when yields swing.
- Active picks across credit and floating rate debt can land either side of the plain 1-3 year benchmark, and the ETF's own trading history only starts in 2024.
NBSD Holdings
- Bonds
- 1,143
- 51%
- Us 2YR Note (Cbt) DEC26 Xcbt 20261231
Geography
- United States100.00%
NBSD 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 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 | NBSD |
|---|---|
| Year to date | +1.2% |
| 1 month | 0.0% |
| 3 months | +0.1% |
| 1 year | +2.3% |
| 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 | NBSD |
|---|---|---|
| 2026 YTD | +1.2% | |
| 2025 | +6.2% | |
| 2024 | +4.0% |
NBSD in the news
No ETF.net Research article names NBSD yet.
NBSD Dividends
- 4.76%
- $2.38
- $0.20 per share
- Monthly
Distribution history
NBSD Risk
- 2.2%
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.
- 0.40
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.
- −2.6%
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.
- 0.26
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NBSD Cost
- The middle half of Short-Term Core Bond funds
- Median 0.25%
10 of the 12 Short-Term Core Bond funds charge less.
Other funds in Short-Term Core Bond
- CNUSANuveen ESG 1-5 Year U.S. Aggregate BondExpense ratio 0.14%1 year return +0.5%
- CSBNDColumbia Short Duration Bond ETFExpense ratio 0.26%1 year return +1.8%
- CSCSBSterling Capital Funds - Sterling Capital Short Duration Bond ETFExpense ratio 0.33%1 year return —
- CLODIETF Series Solutions - AAM SLC Low Duration Income ETFExpense ratio 0.39%1 year return +3.5%
- DSTOTState Street DoubleLine Short Duration Total Return Tactical ETFExpense ratio 0.45%1 year return +2.1%