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NBFC vs VGMS

Neuberger Berman Flexible Credit Income ETF

NBFCCNYSE Arca

Vanguard Multi-Sector Income Bond ETF

VGMSACboe

Overlap

No data

Expense ratio

VGMS −0.78pt a year

NBFC1.08%VGMS0.30%

Avg volume · 30D

VGMS 8.2×the volume

NBFC9.81KVGMS80.4K

NBFC vs VGMS Performance

Oct 31, 2025 – Oct 30, 2026

+2.5%NBFC+1.8%VGMS

Oct 31, 2025 to Oct 30, 2026. NBFC +2.5%. VGMS +1.8%. Use the arrow keys to read each point.0%1%3%4%Oct 2025Apr 2026Oct 2026
Expense ratio
NBFC 1.08%
VGMS 0.30%, better
Fund size
NBFC $121M
VGMS $298M
1Y total return
NBFC +2.5%, better
VGMS +1.8%
Yield (12M)
NBFC 7.24%, better
VGMS 5.56%
Holdings
NBFC 639
VGMS 1190
Avg volume (30D)
NBFC 9.81K sh
VGMS 80.4K sh, better
NAV per share
NBFC $49.24
VGMS $49.75
52W range

ETF.net Grade

NBFC: Cost 4, Risk 71, Mission not scored, Tradability 49, Holdings 73, Durability 67. VGMS: Cost 100, Risk 71, Mission 95, Tradability 61, Holdings 100, Durability 71.
Pillar letters and Scores for NBFC, VGMS, with each pillar’s weight
PillarNBFCVGMS
Cost30% weightF4A100Higher
Mission25% weightNot scoredA95
Risk15% weightA71A71
Tradability15% weightC49B61Higher
Holdings10% weightA73A100Higher
Durability5% weightB67A71Higher

Rank among Multi-Sector Bond Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NBFC and VGMS 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 ›

VGMS ranks 1st and NBFC 16th of 23 funds in the Multi-Sector Bond Income Category.

  1. Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
  2. Rank 2AAINPAllspring Income Plus ETFScore 72
  3. Rank 16CARMSAristotle Multi-Sector Income ETFScore 40
  4. Rank 16CNBFCNeuberger Berman Flexible Credit Income ETFScore 40
  5. Rank 16DRTRERareview Total Return Bond ETFScore 40

Our read on each fund

ETF.net Research

NBFCCNeuberger Berman Flexible Credit Income ETF

VGMSAVanguard Multi-Sector Income Bond ETF

In short

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.

VGMS No data

Stated mandate

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

VGMS No data

Why people hold it

  • 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.

VGMS No data

Worth knowing

  • 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.

VGMS No data

Full NBFC profile⁠

Full VGMS profile⁠

NBFC vs VGMS 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.

NBFC vs VGMS Cost

Overpaying NBFC vs VGMS

$13,825

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

  • NBFC 1.08%

    $19,974

  • VGMS 0.30%

    $6,149

$10,000
30 years

Cost over time

  • NBFC 1.08%
  • VGMS 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NBFC $19,974VGMS $6,149

Year by year

YearNBFCVGMSOverpaying
10$1,898$545$1,353
20$7,106$2,113$4,993
30$19,974$6,149$13,825

Expense ratio

  • 1.08%NBFC
  • 0.30%VGMS, cheaper
  • Middle half of Multi-Sector Bond Income funds
  • Median 0.60%

VGMS cheapest of 23 funds

NBFC 22nd cheapest of 23 funds

NBFC vs VGMS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NBFC 7.24%, better
VGMS 5.56%
Payout (12M)
NBFC $3.57
VGMS $2.77
Last payment
NBFC $0.28
VGMS $0.22
Ex-dividend
NBFC Oct 27, 2026
VGMS Oct 1, 2026
Paid on
NBFC Oct 30, 2026
VGMS Oct 5, 2026
Frequency
NBFC Monthly
VGMS Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

NBFCMonthly · 28 paymentsAll NBFC payments⁠
One bar per payment. 28 payments from 2024 to 2026 YTD. Aug 1, 2024 $0.32; Sep 3, 2024 $0.30; Oct 1, 2024 $0.30; Nov 1, 2024 $0.34; Dec 2, 2024 $0.30; Dec 18, 2024 $0.44; Jan 28, 2025 $0.31; Feb 25, 2025 $0.29; Mar 26, 2025 $0.32; Apr 25, 2025 $0.29; May 27, 2025 $0.34; Jun 25, 2025 $0.31; Jul 28, 2025 $0.32; Aug 26, 2025 $0.28; Sep 25, 2025 $0.30; Oct 28, 2025 $0.29; Nov 24, 2025 $0.27; Dec 18, 2025 $0.66; Jan 27, 2026 $0.27; Feb 24, 2026 $0.24; Mar 26, 2026 $0.30; Apr 27, 2026 $0.26; May 26, 2026 $0.24; Jun 25, 2026 $0.27; Jul 28, 2026 $0.28; Aug 26, 2026 $0.28; Sep 25, 2026 $0.24; Oct 27, 2026 $0.28. Use the arrow keys to read each point.$0$0.502026YTD
VGMSMonthly · 16 paymentsAll VGMS payments⁠
One bar per payment. 16 payments from 2024 to 2026 YTD. Jul 1, 2025 $0.11; Aug 1, 2025 $0.22; Sep 2, 2025 $0.20; Oct 1, 2025 $0.22; Nov 3, 2025 $0.21; Dec 1, 2025 $0.21; Dec 18, 2025 $0.34; Feb 2, 2026 $0.23; Mar 2, 2026 $0.20; Apr 1, 2026 $0.23; May 1, 2026 $0.22; Jun 1, 2026 $0.23; Jul 1, 2026 $0.22; Aug 3, 2026 $0.23; Sep 1, 2026 $0.23; Oct 1, 2026 $0.22. Use the arrow keys to read each point.$0$0.502026YTD

NBFC vs VGMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NBFC 3.6%since Jul 2024VGMS 3.4%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
NBFC 0.68since Jul 2024VGMS −0.10since Jul 2025
Worst fallMax drawdown, 5 years
NBFC −4.0%since Jun 2024VGMS −2.7%since Jun 2025
Market sensitivityBeta, 5 years
NBFC 0.24VGMS 0.14

NBFC and VGMS in the news

All news⁠

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