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Neuberger Berman Emerging Markets Debt Hard Currency ETF

NEMDNYSE ArcaNeuberger BermanC

$50.65+0.18 (+0.36%)

As of Nov 2, 2026, 3:47 PM ET

C46/ 100

Rank 13 of 17 in Emerging Markets Bonds (US Dollar)

C46/100Rank 13 of 17inEmerging Markets Bonds (US Dollar)
Intraday session: up, 72 prints from 50.47 to 50.65. Range 50.47 to 50.73. Use the arrow keys to read each point.50.5050.5550.6050.7010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$151M
1Y total return
+3.0%
Yield · Last 12 months
6.02%
Holdings
273
Avg volume · 30D
10.4K sh
52W range
low $49.66high $55.25
Launched

The ETF.net NEMD Grade

C

Score 46 out of 100

Category
Emerging Markets Bonds (US Dollar)⁠
Rank
13 of 17
Six-pillar profile for NEMD. Scores out of 100: Cost 0, Risk 71, Mission 97, Tradability 54, Holdings 22, Durability 32. Strongest: Mission (97). Weakest: Cost (0). Leans toward Mission.

Score 46 of 100 falls in the C 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.
    F0 out of 100
    Rank 17 of 17

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 7 of 15

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A71 out of 100
    Rank 2 of 16

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 7 of 17

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F22 out of 100
    Rank 16 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 14 of 17

Our read on NEMD

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Aug 11, 2025

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.
NEMD$10,305
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. NEMD $10,305. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 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 NEMD. Periods over one year show the average yearly return.
PeriodNEMD
Year to date+1.3%
1 month+1.2%
3 months−2.1%
1 year+3.0%
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 NEMD
YearReturn barNEMD
2026 YTD+1.3%
2025+7.1%

Since listing, Aug 11, 2025

NEMD in the news

NEMD 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.
6.02%Last 12 months
Payout per share
$3.04Last 12 months
Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 15 payments from 2025 to 2026 YTD. Aug 26, 2025 $0.24; Sep 25, 2025 $0.23; Oct 28, 2025 $0.27; Nov 24, 2025 $0.25; Dec 18, 2025 $0.26; Jan 27, 2026 $0.26; Feb 24, 2026 $0.22; Mar 26, 2026 $0.26; Apr 27, 2026 $0.25; May 26, 2026 $0.26; Jun 25, 2026 $0.26; Jul 28, 2026 $0.27; Aug 26, 2026 $0.25; Sep 25, 2026 $0.23; Oct 27, 2026 $0.26. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 27, 2026Oct 30, 2026$0.26
Sep 25, 2026Sep 30, 2026$0.23
Aug 26, 2026Aug 31, 2026$0.25
Jul 28, 2026Jul 31, 2026$0.27
Jun 25, 2026Jun 30, 2026$0.26
May 26, 2026May 29, 2026$0.26
Apr 27, 2026Apr 30, 2026$0.25
Mar 26, 2026Mar 31, 2026$0.26
Feb 24, 2026Feb 27, 2026$0.22
Jan 27, 2026Jan 30, 2026$0.26
Dec 18, 2025Dec 23, 2025$0.26
Nov 24, 2025Nov 28, 2025$0.25

See all 15 payments⁠

$10,000 in NEMD 1 year ago paid $586 in dividends.⁠

NEMD Risk

Risk pillarA71 out of 100Rank 2 of 16 in Emerging Markets Bonds (US Dollar)
How much the fund’s monthly returns vary, scaled to a year.
6.7%
Annualised · 14 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.
0.38
vs 3-month T-bills · 14 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.
−5.0%
14 months · trough Oct 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.
1.03
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.

NEMD Cost

Compare NEMD and VWOB

Overpaying vs VWOB, tied cheapest in Emerging Markets Bonds (US Dollar)

$13,062

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

  • NEMD 0.85%

    $16,199

  • VWOB 0.15% Tied cheapest

    $3,137

$10,000
30 years

Cost over time

  • NEMD 0.85%
  • VWOB 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NEMD $16,199VWOB $3,137

Year by year

YearNEMDVWOBOverpaying
10$1,508$274$1,234
20$5,706$1,071$4,635
30$16,199$3,137$13,062

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