Neuberger Berman Emerging Markets Debt Hard Currency ETF
$51.64−0.29 (−0.56%)
- Expense ratio
- 0.85%
- Fund size
- $141M
- 1Y return
- +7.3%
- Yield · Last 12 months
- 5.87%
- Holdings
- 272
- Volume · 30D
- 0M sh
- NAV per share
- $51.88
- 52W range
The ETF.net NEMD Grade
Score 47 of 100 sits in the C 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 0Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category 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.BScore 60Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 27Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 32Category rank
Our read on NEMD
CNeuberger Berman's active take on emerging-markets debt, issued in hard currency: credit calls drive the outcome instead of local-currency swings. A 2025 arrival holding roughly 300 positions and paying monthly.
The Fund invests in emerging-markets debt and other fixed-income instruments, including sovereign debt and direct debt obligations. It may also transact in foreign currencies for hedging or investment purposes.
Why people hold it
- Hard-currency mandate: the bonds are issued in major currencies, so the exposure is sovereign and corporate credit rather than a bet on the peso, rand or rupiah.
- Actively run, not index-shackled. The team can shift between sovereign debt and direct corporate obligations, and transact in foreign currencies to hedge or to add exposure.
- Spread across roughly 300 positions, with income paid out monthly.
- The portfolio lines up closely with the emerging-markets debt mandate on the label. Little drift between the pitch and the holdings.
Worth knowing
- At 0.85% a year, it is the priciest fund in its peer group. Index-tracking rivals JPMB and EMBD charge 0.39%.
- Launched in August 2025, so the record is short and the fund is still building trading volume. Thinner volume usually means wider bid/ask spreads.
- Hard currency strips out the local-FX swing, not the credit risk. These are still emerging-market borrowers, and sovereign stress shows up in prices.
NEMD Holdings
- Bonds
- 272
- 38%
- EUR261002
Sectors
- Energy100.0%
Geography
- United States99.09%
- Argentina0.91%
NEMD 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 | NEMD |
|---|---|
| Year to date | +3.3% |
| 1 month | −0.8% |
| 3 months | −0.2% |
| 1 year | +7.3% |
| 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 | NEMD |
|---|---|---|
| 2026 YTD | +3.3% | |
| 2025 | +7.1% |
NEMD in the news
ETF.net Research hasn’t filed on NEMD yet — coverage lands here as it’s written.
NEMD Dividends
- 5.87%
- $3.05
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 31, 2026 | $0.25 |
| Jul 28, 2026 | Jul 31, 2026 | $0.27 |
| Jun 25, 2026 | Jun 30, 2026 | $0.26 |
| May 26, 2026 | May 29, 2026 | $0.26 |
| Apr 27, 2026 | Apr 30, 2026 | $0.25 |
| Mar 26, 2026 | Mar 31, 2026 | $0.26 |
| Feb 24, 2026 | Feb 27, 2026 | $0.22 |
| Jan 27, 2026 | Jan 30, 2026 | $0.26 |
| Dec 18, 2025 | Dec 23, 2025 | $0.26 |
| Nov 24, 2025 | Nov 28, 2025 | $0.25 |
| Oct 28, 2025 | Oct 31, 2025 | $0.27 |
| Sep 25, 2025 | Sep 30, 2025 | $0.23 |
NEMD Risk
- 5.5%
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.
- 1.14
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.
- −4.4%
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.
- 1.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NEMD Cost
- The middle half of Emerging Markets Bonds (US Dollar) funds
- Median 0.40%
Every other Emerging Markets Bonds (US Dollar) fund charges less.