AINP vs NBFC: Grades, Fees and Holdings Compared

Allspring Income Plus ETF

AINPANYSE Arca

Neuberger Berman Flexible Credit Income ETF

NBFCCNYSE Arca

Overlap

No data

Expense ratio

AINP −0.72pt a year

AINP0.36%NBFC1.08%

Avg volume · 30D

NBFC 1.6×the volume

AINP6.02KNBFC9.81K

AINP vs NBFC Performance

Oct 31, 2025 – Oct 30, 2026

+1.3%AINP+2.5%NBFC

Expense ratio: AINP 0.36%, better; NBFC 1.08%
Fund size: AINP $250M; NBFC $121M
1Y total return: AINP +1.3%; NBFC +2.5%, better
Yield (12M): AINP 5.83%; NBFC 7.24%, better
Holdings: AINP 425; NBFC 639
Avg volume (30D): AINP 6.02K sh; NBFC 9.81K sh, better
NAV per share: AINP $24.25; NBFC $49.24
52W range

ETF.net Grade

Pillar letters and Scores for AINP, NBFC, with each pillar’s weight
Pillar	AINP	NBFC
Cost30% weight	A92Higher	F4
Mission25% weight	A94	Not scored
Risk15% weight	B62	A71Higher
Tradability15% weight	F24	C49Higher
Holdings10% weight	B56	A73Higher
Durability5% weight	B68Higher	B67

Rank among Multi-Sector Bond Income funds

How we build Categories ›

Same Category. AINP and NBFC are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds

See all 23 ›

AINP ranks 2nd and NBFC 16th of 23 funds in the Multi-Sector Bond Income Category.

Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
Rank 2AAINPAllspring Income Plus ETFScore 72
Rank 2AGINCGoldman Sachs ETF TrustScore 72
Rank 16CARMSAristotle Multi-Sector Income ETFScore 40
Rank 16CNBFCNeuberger Berman Flexible Credit Income ETFScore 40
Rank 16DRTRERareview Total Return Bond ETFScore 40

Our read on each fund

ETF.net Research

AINPAAllspring Income Plus ETF

NBFCCNeuberger Berman Flexible Credit Income ETF

In short

AINP No data

NBFC A go-anywhere credit fund. Neuberger Berman's bond team can roam domestic, foreign and emerging-market credit rather than track one index, keeping at least 80% of assets in credit instruments and paying income monthly.

Stated mandate

AINP No data

NBFC The Fund’s primary aim is high current income, with long-term capital appreciation as a secondary aim.

Why people hold it

AINP No data

NBFC Wide mandate by design: at least 80% of net assets in credit instruments, including derivatives and credit-focused funds, across domestic, foreign and emerging markets.
Actively managed with no index to hug, and it spreads its bets across roughly 600 positions, so no single issuer carries the fund.
Income is the stated first priority, with long-term capital appreciation second. Distributions are paid monthly.

Worth knowing

AINP No data

NBFC At 1.08%, the fee sits well above the bond-fund median of 0.40%, and index peers like AGZ (0.15%) charge a fraction. Active credit selection is what the premium buys.
Thinly traded and modest in size, so bid-ask spreads can run wider than the category's household names.
Launched in 2024, so its record does not yet span a full credit cycle, and derivatives use adds moving parts beyond plain bond ownership.

Full AINP profile⁠

Full NBFC profile⁠

AINP vs NBFC Holdings

How AINP and NBFC differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile71.9%
Asset classFixed Income100%

Sector

No Sector split for AINP and NBFC.

Country, concentration and asset class

Country by domicile

Country weights in AINP and NBFC, widest gap first
Country	More in AINPMore in NBFC	AINP	NBFC
United States	AINP +18.6 points	81.2%	62.6%
South Africa	NBFC +10.5 points	0.9%	11.4%
Canada	NBFC +5.2 points	0.0%	5.2%
Netherlands	NBFC +2.5 points	0.0%	2.5%
Colombia	AINP +2.5 points	2.9%	0.4%
Australia	AINP +2.0 points	2.7%	0.7%
Luxembourg	NBFC +1.7 points	0.0%	1.7%
Germany	NBFC +1.6 points	0.1%	1.7%
Other countries (23)	NBFC +1.6 points	12.3%	13.9%

Outside the US: NBFC 63% developed, 37% emerging.

Concentration

Weight in the 10 largest Holdings

AINP40.8%
NBFC29.2%

Securities held

AINP352
NBFC621

Asset class

AINP: Fixed Income
NBFC: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. AINP holds 352 securities, NBFC 621.

All 416 AINP holdings⁠All 657 NBFC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AINP vs NBFC Cost

Overpaying NBFC vs AINP

$12,654

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

AINP 0.36%
$7,320
NBFC 1.08%
$19,974

Amount$10,000

Years30 years

Cost over time

AINP 0.36%
NBFC 1.08%
Overpaying

Year by year

Year	AINP	NBFC	Overpaying
10	$652	$1,898	$1,246
20	$2,522	$7,106	$4,584
30	$7,320	$19,974	$12,654

Expense ratio

0.36%AINP, cheaper
1.08%NBFC

AINP0.36%NBFC1.08%

0.30%1.13%

Middle half of Multi-Sector Bond Income funds
Median 0.60%

AINP 3rd cheapest of 23 funds

NBFC 22nd cheapest of 23 funds

AINP vs NBFC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AINP 5.83%; NBFC 7.24%, better
Payout (12M): AINP $1.42; NBFC $3.57
Last payment: AINP $0.07; NBFC $0.28
Ex-dividend: AINP Oct 23, 2026; NBFC Oct 27, 2026
Paid on: AINP Oct 27, 2026; NBFC Oct 30, 2026
Frequency: AINP Monthly; NBFC Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

AINPMonthly · 24 paymentsAll AINP payments⁠

NBFCMonthly · 28 paymentsAll NBFC payments⁠

AINP vs NBFC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AINP 3.2%since Jan 2025NBFC 3.6%since Jul 2024
Return per unit of riskSharpe ratio, 3 years: AINP 0.08since Jan 2025NBFC 0.68since Jul 2024
Worst fallMax drawdown, 5 years: AINP −2.9%since Dec 2024NBFC −4.0%since Jun 2024
Market sensitivityBeta, 5 years: AINP 0.10NBFC 0.24; Market = 1

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