Neuberger Berman Core Equity ETF
NBCR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Avenue of the Americas New York NY United States of America 10104
- IPO Date
- Aug 1, 2024
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Core Equity ETF (NBCR) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing primarily in equity securities of large-capitalization U.S. companies, emphasizing a blend investment style with a focus on high-quality firms to deliver risk-adjusted returns superior to passive large-cap strategies such as the Russell 1000 Index. The ETF offers exposure to a sector-neutral portfolio constructed through fundamental analysis by Neuberger Berman's Global Equity Research Team, featuring top holdings including Apple Inc., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Tesla Inc., UnitedHealth Group Inc., and Danaher Corp.; it maintains approximately 97% allocation to U.S. stocks, 2-3% to non-U.S. stocks, and minimal cash, with a net expense ratio of 0.30%. NBCR trades on NYSE Arca and provides investors with daily transparency, intra-day liquidity, and potential tax efficiency as an alternative to traditional mutual funds. Launched on July 31, 2024, by Neuberger Berman ETF Trust and managed by a seasoned team including David Levine, Timothy Creedon, and Jacob Gamerman—who oversee over $10 billion in similar strategies since 2004—the ETF operates within the large blend category and targets institutional investors, advisors, and high-net-worth individuals seeking active equity management. A key recent development includes the approved reorganization of Neuberger Berman Dividend Growth Fund into NBCR, originally anticipated for September 26, 2025, but updated with supplemental details on the merger process, share consolidation into Institutional Class, and conversion of shareholders to ETF ownership without recognizing gains or losses except for fractional shares; this strategic shift enhances NBCR's scale amid rising demand for active ETFs, which attracted over $120 billion in net flows in the first half of 2024. Neuberger Berman, the ETF's investment adviser founded in 1939 and headquartered in New York, manages approximately $558 billion in client assets across equities, fixed income, private equity, and hedge funds from 26 global offices spanning the United States, Europe, and Asia.