NBDS ETF — Neuberger Berman Disrupters ETF

Neuberger Berman Disrupters ETF (NBDS)

Updated October 16, 2026.

NBDS is an ETF. its trailing-12-month yield is 0.35%, its expense ratio is 0.40%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 59.2% over the past 4.5 years, 21.4 points behind SPY at 80.6%.

Neuberger Berman Disrupters ETF is an equity fund that invests at least 80% of assets in a concentrated portfolio of U.S. and foreign companies, including those in emerging markets, that the portfolio managers believe are disrupting existing markets or creating new markets through innovative growth strategies. The fund has a low distribution rate and distributes annually, with its latest distribution marked as special and potentially non-recurring; it carries an expense ratio of 0.40%. This fund appeals to growth-oriented investors seeking exposure to companies pursuing disruptive business models, though its concentrated approach and non-diversified structure carry elevated risk.

NBDS performance versus SPY

Price and return data through 2026-10-16.

Total return is 59.2% over the past 4.5 years, 21.4 points behind SPY at 80.6%. Over the past year its total return — price change plus distributions reinvested — is 5.4%. Its deepest 1-year drawdown was 24.0%.

NBDS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Neuberger Berman

Asset type

ETF

Asset class

Equity

Inception date

04/06/2022

Expense ratio

0.40%

Distribution frequency

Annual

Trailing yield

0.35%

Last close

$38.32 (as of 2026-10-16)

AUM

$182,877,058

Average volume

6741.0

Dividend

$0.135

Ex-dividend date

12/19/2025

Payment date

12/24/2025

Beta

1.55

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.35%) 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.

NBDS 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 24.0%.

Who may consider NBDS — and who may not

It is a weaker fit for investors who need monthly cash flow (NBDS pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NBDS

• All tickers starting with N

Frequently asked questions

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