NBET ETF — Neuberger Berman Energy Transition & Infrastructure ETF

Neuberger Berman Energy Transition & Infrastructure ETF (NBET)

Updated November 6, 2026.

NBET is an ETF. Its distribution rate is 3.17%, its trailing-12-month yield is 2.58%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Total return is 69.1% over the past 4.6 years, 4.4 points behind SPY at 73.5%.

Neuberger Berman Energy Transition & Infrastructure ETF is an equity fund that invests at least 80% of its assets in carbon transition and infrastructure companies, including renewable energy producers, utilities, pipelines, and master limited partnerships. The fund carries a modest current distribution rate with quarterly distributions and has an expense ratio of 0.65%. It may appeal to income-focused investors seeking exposure to the energy transition and infrastructure sectors.

NBET performance versus SPY

As of Nov 5, 2026

Total return is 69.1% over the past 4.6 years, 4.4 points behind SPY at 73.5%. Over the past year its total return — price change plus distributions reinvested — is 24.6%. Its deepest 1-year drawdown was 10.5%.

NBET key facts

Distribution Safety Score™

98 · Safe

Safety-Adjusted Yield

3.11%

Issuer

Neuberger Berman

Asset type

ETF

Asset class

Equity

Inception date

04/06/2022

Expense ratio

0.65%

Distribution rate

3.17%

Distribution frequency

Quarterly

Trailing yield

2.58%

Last close

$38.91 (as of 2026-11-06)

AUM

$57,143,333

Average volume

17,674

Dividend

$0.308

Ex-dividend date

09/23/2026

Payment date

09/28/2026

Beta

0.52

How Dividend Vision calculates yield and returns

Distribution rate (3.17%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.58%) 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.

NBET risks and drawbacks

NBET's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, 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 10.5%.

Who may consider NBET — and who may not

NBET may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (NBET pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NBET

• All tickers starting with N

Tagged: Infrastructure.

Frequently asked questions

More securities from Neuberger Berman.