NBSM ETF — Neuberger Small-Mid Cap ETF

Neuberger Small-Mid Cap ETF (NBSM)

Updated October 8, 2026.

NBSM is an ETF. its distribution rate is 0.37%, its trailing-12-month yield is 0.37%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 8.9% over the past 2.5 years, 43.7 points behind SPY at 52.6%.

At the current 0.37% distribution rate, a $10,000 investment would generate approximately $37 per year if the next payment matches the last regular one.

Neuberger Berman's ETF tracks small- and mid-capitalization U.S. companies, typically investing at least 80% of its assets in securities with market capitalizations within the ranges of the Russell 2000 and Russell Midcap indices. The fund has a modest current distribution rate and carries an expense ratio of 0.65%. This ETF may appeal to growth-oriented investors seeking exposure to smaller publicly traded companies.

NBSM performance versus SPY

Price and return data through 2026-10-08.

Total return is 8.9% over the past 2.5 years, 43.7 points behind SPY at 52.6%. Over the past year its total return — price change plus distributions reinvested — is 9.0%. Its deepest 1-year drawdown was 10.1%.

NBSM key facts

Distribution Safety Score™

50 · Unproven

Issuer

Neuberger Berman

Asset type

ETF

Asset class

Equity

Inception date

03/20/2024

Expense ratio

0.65%

Distribution rate

0.37%

Distribution frequency

Annual

Trailing yield

0.37%

Last close

$27.61 (as of 2026-10-08)

AUM

$109,046,034

Average volume

10318.0

Last dividend

$0.101

Last ex-dividend date

12/19/2025

Last payment date

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

Beta

0.8044

P/E ratio

20.3309

How Dividend Vision calculates yield and returns

Distribution rate (0.37%) 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 (0.37%) 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.

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.

NBSM risks and drawbacks

NBSM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. 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 10.1%.

Who may consider NBSM — and who may not

It is a weaker fit for investors who need monthly cash flow (NBSM pays annual); 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.

Frequently asked questions

More securities from Neuberger Berman.