Neuberger Berman Energy Transition & Infrastructure ETF
NBET
New York Stock Exchange Arca32.50
USD
+0.24
(-2.13%)
Neuberger Berman Energy Transition & Infrastructure ETF
NBET
(New York Stock Exchange Arca)
Recent
price
32.50
P/E
ratio
16.02
div
yld
- -
ROIC.AI
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- Neuberger Berman Energy Transition & Infrastructure ETF (NBET) is an actively managed exchange-traded fund that seeks total return through growth and income by investing at least 80% of its net assets in equity securities of energy transition companies and infrastructure companies, with a concentrated portfolio of 20-30 names focused on midstream infrastructure, utilities, renewables, master limited partnerships (MLPs), and firms offering stable cash flows and distribution growth; top holdings include Targa Resources Corp, Energy Transfer LP, Enterprise Products Partners LP, Cheniere Energy Inc, and DT Midstream Inc. The ETF, domiciled in the United States and traded on NYSE Arca under ticker NBET with CUSIP 64135A101, was incepted on April 6, 2022, with a net expense ratio of 0.65% and approximately $22 million in assets under management. It targets investors seeking exposure to U.S. energy export growth, rising power demand from data centers and AI, intra-day liquidity, and tax-efficient access to energy infrastructure sectors. The ETF underwent a significant strategic shift on November 1, 2024, when the current management team of Douglas Rachlin, Paolo Frattaroli, and Robert Russo assumed responsibility, implementing a new energy transition and infrastructure strategy, portfolio, benchmark, fee structure, and risk profile; it was formerly known as the Neuberger Berman Carbon Transition and Infrastructure ETF with different objectives and managers prior to this date. This transition reflects Neuberger Berman's broader expansion in actively managed ETFs, including recent launches like the Total Return Bond ETF (NBTR) and Growth ETF (NBGX) in December 2024, and the conversion of its Emerging Markets Debt Fund to the NEMD ETF in August 2025. The fund is issued by Neuberger Berman ETF Trust, part of the employee-owned Neuberger Berman Group LLC, founded in 1939 and headquartered in New York, which oversees $474 billion in client assets across equities, fixed income, private equity, and alternatives for institutional and high-net-worth clients globally.