Neuberger Berman Energy Transition & Infrastructure ETFNBET

Neuberger BermanThematicInfrastructure#28 of 189 by YTD

$40.22

−4.3% last session

+25.6% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 5, 2026NBETS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−4.3%	−1.2%	+1.4%	+25.6%	+29.0%	+105.2%	—	+75.0%
Peer average	−0.2%	+1.0%	−2.2%	+13.4%	+13.9%	+74.2%	+75.5%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $56M
Expense ratio: 2.10%
Distribution yield: 2.5%
NAV: $41.96
Volume: 12K
Avg. volume 30D: 9K
High today: $41.72
Low today: $40.14
Previous close: $42.01
52-week high: $43.63
52-week low: $31.50
Our risk indicator: 4/5

NBET in One Breath

NBET Among Infrastructure ETFs

YTD

#1IDGTiShares+26.7%$477M

#2NBETNeuberger Berman+25.6%$55.6M

#3PIPEInvesco+23.7%$65.0M

#4ENFRALPS+23.5%$523M

#5DTCRGlobal X+23.5%$1.9B

#6MLPXGlobal X+22.0%$3.7B

#7USAIPacer+21.0%$123M

#8USNGAmplify+20.4%$9.8M

#9MLPBETRACS+18.4%$214M

End-of-day Nov 5, 2026 · 30 Infrastructure ETFs by YTD

$10,000 in NBET

$10,000 in NBET became

$16,919

In the S&P 500 (VOO)

$17,402

Total return, dividends in · Apr 7, 2022 – Nov 5, 2026 · S&P 500 uses VOO

NBET’s Top Holdings

Today

TRGPTarga Resources9.4%ET7.5%EPD7.4%LNG6.6%DTM5.8%COP5.1%CVX4.7%CWEN4.6%WMB4.4%WES4.1%AM3.6%AR3.5%XOM3.3%SUNC3.3%OXY3.0%SEI2.9%PAGP2.1%SRE2.0%WSO1.9%TDW1.8%TOU.TO1.6%CNP8 more

TRGPTarga Resources9.4%ET7.5%EPD7.4%LNG6.6%DTM5.8%COP5.1%CVX4.7%CWEN4.6%WMB4.4%WES4.1%AM AR18 more

Oil & Gas MidstreamOilOil & Gas IntegratedOilRenewable UtilitiesDiversified UtilitiesOther

Neuberger Berman NBET · 30 holdings · tile size = share of the fund · as of Nov 5, 2026

What NBET Holds

Today

Oil & Gas Midstream59.8%

TRGP 9.4 · ET 7.5 · EPD 7.4 · LNG 6.6 · DTM 5.8 · WMB 4.4 · WES 4.1

Oil & Gas Exploration & Production15.4%

COP 5.1 · AR 3.5 · OXY 3.0 · TOU.TO 1.6 · EQT 1.4 · EXE

Oil & Gas Integrated8.0%

CVX 4.7 · XOM 3.3

Oil & Gas Equipment & Services4.7%

SEI 2.9 · TDW 1.8

Renewable Utilities4.6%

CWEN 4.6

Diversified Utilities2.0%

SRE 2.0

Industrial - Distribution1.9%

WSO 1.9

Neuberger Berman NBET · share of the fund by industry · as of Nov 5, 2026

Targa’s Share of NBET

Today

9.4%

$94 of every $1,000 in NBET is Targa

Targa held by NBET

$5.2M

Most Targa per dollar

NBET9.4%

TPZ8.9%

PIPE8.8%

TNGY8.4%

Neuberger Berman NBET · each square = $10 of $1,000 · as of Nov 5, 2026

NBET’s Share of Infrastructure ETFs

Today

0.1%

of the $58.2B in 39 Infrastructure ETFs

NBET$55.6M0.1%

PAVE$14.2B24.4%

GRID$11.3B19.5%

36 others$32.6B56.0%

Infrastructure ETF AUM · Nov 5, 2026

NBET Fee per $100 vs Peers

Today

$2.10a year
per $100

$210 a year on $10,000

IFRA$0.30

IGF$0.37

PAVE$0.47

GRID$0.56

EMLP$0.95

NBET$2.10

Expense ratio · Infrastructure peers · Nov 5, 2026

Inside NBET

30 holdings · as of Nov 5, 2026

NBET

Neuberger Berman Energy Transition & Infrastructure ETF

Today

Oil59.8%TRGP9.4%ET7.5%EPD7.4%LNG6.6%DTM5.8%WMB4.4%WES4.1%AM3.6%SUNC3.3%PAGPMPLXKNTKPPL.TOOKEOil15.4%COP5.1%AR3.5%OXY3.0%TOU.TOEQTEXEOil8.0%CVX4.7%XOM3.3%Oil4.7%SEI2.9%TDWRenewable Utilities4.6%CWEN4.6%Diversified Utilities2.0%SREIndustrial - Distribution1.9%WSORegulated Electric1.5%CNP

Oil59.8%TRGP9.4%ET7.5%EPD7.4%LNG6.6%DTM5.8%WMB4.4%9 more holdings18.7% of the fundOil15.4%COP5.1%AR OXYTOU.TOEQTOil8.0%CVX4.7%XOMOil4.7%SEITDWRenewable Utilities4.6%CWENSREWSOCNP

#	Ticker	Company	Weight ▼
1	TRGP	Targa Resources	9.41%
2	ET	Energy Transfer LP MLP	7.47%
3	EPD	Enterprise Products Partners MLP	7.44%
4	LNG	Cheniere Energy	6.60%
5	DTM	DT Midstream	5.79%
6	COP	Conocophillips	5.06%
7	CVX	Chevron	4.71%
8	CWEN	Clearway Energy C	4.62%
9	WMB	Williams COS	4.41%
10	WES	Western Midstream Partners L MLP	4.05%

OilOilOilOilRenewable UtilitiesDiversified UtilitiesIndustrial - DistributionRegulated ElectricOilOther

Neuberger Berman NBET · current holdings by weight · as of Nov 5, 2026 · each tile is one holding · top 20 = 87.0%

How It Compares

NBET

Neuberger Berman Energy Transition & Infrastructure ETF’s Peers

YTD


PAVE	Global XRead Desk	0.47%	+13.0%	+13.0%	$14.2B
GRID	First TrustRead Desk	0.56%	+6.7%	+3.9%	$11.3B
IGF	iSharesRead Desk	0.37%	+9.6%	+11.5%	$10.9B
EMLP	First TrustRead Desk	0.95%	+17.9%	+19.8%	$4.2B
IFRA	iSharesRead Desk	0.30%	+11.5%	+12.3%	$4.0B
NBET	Neuberger BermanThis fundRead Desk	2.10%	+25.6%	+29.0%	$56M

Infrastructure peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put NBET head to head with PAVE →

PAVE vs NBET

YTD

PAVEGlobal X · InfrastructureNBETNeuberger Berman · Infrastructure

Year to date

+13.0%

+25.6%

NBET wins+12.7 pts

Past year

+13.0%

+29.0%

NBET wins+16.0 pts

Fee

0.47%

2.10%

PAVE winslower fee

Yield

0.8%

2.5%

NBET wins+1.7 pts

AUM

$14.2B

$55.6M

PAVE255.3× more

3–1NBET wins

Global X PAVE and Neuberger Berman NBET · year-to-date · as of Nov 5, 2026 · AUM not scored

Infrastructure vs Thematic

Average · YTD

PAVE

+13.0%

NBET

+25.6%

Thematic average

+7.7%

PAVE, NBET and the average thematic ETF · YTD return · as of Nov 5, 2026

NBET vs VOO

YTD

NBET · Neuberger Berman Energy Transition & Infrastructure

+25.6%

VOO · S&P 500

+13.4%

Gap

12.3 pts

Neuberger Berman NBET and Vanguard VOO · YTD total return · as of Nov 5, 2026

NBET vs Its Peer Average

YTD

NBETAvsBPeer average

1D−4.3%−0.2%

1M−1.2%+1.0%

3M+1.4%−2.2%

YTD+25.6%+13.4%

1Y+29.0%+13.9%

3Y+105.2%+74.2%

5Y[…]+75.5%

4–2NBET wins

38 Infrastructure peers · each row scaled to its leader

The Details

NBET

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y16.72%

Deepest drop · 1Y−8.0%

Lowest point · 5Y−17.1%

52-week range

$40.22

$31.50−7.8% from the high$43.63

Neuberger Berman NBET · past-year price moves · as of Nov 5, 2026

NBET

Fund Facts

Today

2022launched Apr 6

Tracks[…]

Exchange · CUSIPAMEX · 64135A101

StructureETF

Leverage1x

Cost on $10,000$210 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Neuberger Berman NBET · fund facts · as of Nov 5, 2026

NBET

Payouts by Year

$0.31per share, Sep 2026

Distribution yield2.5%

PaidEvery quarter

Latest ex-date · paidSep 23 · Sep 28, 2026

10 payouts added up$3.05 a share

Neuberger Berman NBET · distributions by ex-date · 2022–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$41.96

Premium / discount[…]

Median spread · 30D[…]

Volume today12K

Average volume · 30D9K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio2.10%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$210.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 23, 2026	Sep 28, 2026	$0.31
Jun 23, 2026	Jun 26, 2026	$0.30
Mar 20, 2026	Mar 25, 2026	$0.27
Dec 18, 2025	Dec 23, 2025	$0.13
Sep 23, 2025	Sep 26, 2025	$0.28
Jun 23, 2025	Jun 26, 2025	$0.27
Mar 21, 2025	Mar 26, 2025	$0.21
Dec 18, 2024	Dec 23, 2024	$0.77
Dec 19, 2023	[…]	$0.31
Dec 16, 2022	[…]	$0.20

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