NBCM ETF — Neuberger Berman Commodity Strategy ETF

Neuberger Berman Commodity Strategy ETF (NBCM)

NBCM is an ETF. its distribution rate is 6.04%, its trailing-12-month yield is 6.04%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 72.5% over the past 3.9 years, 39.2 points behind SPY at 111.7%.

At the current 6.04% distribution rate, a $10,000 investment would generate approximately $604 per year if the next payment matches the last regular one.

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 performance versus SPY

Price and return data through 2026-09-18.

Total return is 72.5% over the past 3.9 years, 39.2 points behind SPY at 111.7%. Over the past year its total return — price change plus distributions reinvested — is 48.2%. Its deepest 1-year drawdown was 14.8%.

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

6.04%

Distribution frequency

Annual

Trailing yield

6.04%

Last close

$31.67 (as of 2026-09-18)

NAV

$31.79

Premium / discount

0.38% discount

AUM

$536,793,208

Average volume

35300.0

Last dividend

$1.913

Last ex-dividend date

12/19/2025 (as of 2025-12-19)

Last payment date

12/24/2025 (as of 2025-12-24)

Beta

0.94

How Dividend Vision calculates yield and returns

Distribution rate (6.04%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (6.04%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

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.

Frequently asked questions

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