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NBCM ETF — Neuberger Berman Commodity Strategy ETF
Neuberger Berman Commodity Strategy ETF (NBCM)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
NBCM's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 6.46%. The latest total cash payment per current share, $1.91 with an ex-date of December 19, 2025, was 75.2% higher than the previous $1.09. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Neuberger Berman, Section 19a-1 notices, scoring methodology.
NBCM is an ETF. Its distribution rate is 6.46%, its trailing-12-month yield is 6.46%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 61.5% over the past 4 years, 42.3 points behind SPY at 103.8%.
Neuberger Berman Commodity Strategy ETF is an ETF that seeks returns by investing in commodity-linked derivatives alongside fixed income securities, which provide liquidity and serve as collateral for the derivatives. The fund distributes annually at a modest current distribution rate and carries an expense ratio of 0.65%. It appeals to income investors seeking commodity exposure combined with the stability of fixed income holdings.
NBCM dividend yield and income
Price as of 2026-11-06.
The distribution rate (6.46%) has no calculation basis on file. Trailing-12-month yield (6.46%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $1.913. The ex-dividend date is 12/19/2025. The payment date is 12/24/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-19 | $1.913 | 75.2% Total cash (unclassified) |
| 2024-12-18 | $1.092 | 20.8% Total cash (unclassified) |
| 2023-12-19 | $0.904 | 391.3% Total cash (unclassified) |
| 2022-12-16 | $0.184 | — |
| 2022 total | $0.184 | — |
| 2023 total | $0.904 | 391.3% |
| 2024 total | $1.092 | 20.8% |
| 2025 total | $1.913 | 75.2% |
NBCM dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +75.2%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +75.2% |
NBCM performance versus SPY
Total return is 61.5% over the past 4 years, 42.3 points behind SPY at 103.8%. Over the past year its total return — price change plus distributions reinvested — is 34.6%. Its deepest 1-year drawdown was 14.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -4.5% | — |
| 3M | 4.4% | — |
| 6M | -1.1% | — |
| YTD | 31.1% | — |
| 1Y | 34.6% | — |
| 2Y CAGR | — | 23.90% |
| 3Y CAGR | — | 16.10% |
| Since 2022-10-24 (first price on file) · 4 years | 61.5% | 12.60% |
NBCM key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Neuberger Berman
- Asset type
- ETF
- Asset class
- Fixed Income
- Inception date
- 08/27/2012
- Expense ratio
- 0.65%
- Distribution rate
- 6.46%
- Distribution frequency
- Annual
- Trailing yield
- 6.46%
- Last close
- $29.60 (as of 2026-11-06)
- AUM
- $575,774,793
- Average volume
- 74,612
- Dividend
- $1.913
- Ex-dividend date
- 12/19/2025
- Payment date
- 12/24/2025
- Beta
- 0.94
How Dividend Vision calculates yield and returns
Distribution rate (6.46%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.46%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Neuberger Berman; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
NBCM risks and drawbacks
Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.8%.
Who may consider NBCM — and who may not
It is a weaker fit for investors who need monthly cash flow (NBCM pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on NBCM
Frequently asked questions
Does NBCM pay monthly?
No. NBCM currently pays annual, not monthly.
What is NBCM's expense ratio?
NBCM's expense ratio is 0.65%.
What is NBCM's dividend yield?
NBCM's distribution rate is 6.46%, paid annual, with a 0.65% expense ratio — no calculation basis on file.
How has NBCM's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +75.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does NBCM pay a dividend?
NBCM pays annual. The dividend amount is $1.913. The ex-dividend date is 12/19/2025. The payment date is 12/24/2025.
How has NBCM performed?
Total return is 61.5% over the past 4 years, 42.3 points behind SPY at 103.8%. Over the past year its total return — price change plus distributions reinvested — is 34.6%. Its deepest 1-year drawdown was 14.8%.
Is NBCM a good investment?
NBCM's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 6.46% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Neuberger Berman.
Tickers
NBCM's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 6.46%. The latest total cash payment per current share, $1.91 with an ex-date of December 19, 2025, was 75.2% higher than the previous $1.09. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: Neuberger Berman, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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