Neuberger Berman Small-Mid Cap ETF
NBSM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Mar 25, 2024
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Small-Mid Cap ETF (NBSM) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing primarily in high-quality small- and mid-cap U.S. companies with above-average sustainable growth prospects, consistent free cash flow generation, above-average profitability, conservative balance sheets, and differentiated business models featuring durable barriers to entry. The fund normally invests at least 80% of its net assets in equity securities of companies with market capitalizations within the range of the Russell 2000 Index or Russell Midcap Index, employing a bottom-up fundamental analysis approach that targets undervalued securities based on established business strength rather than projected growth; it maintains a portfolio of approximately 54-60 holdings, with top positions including Ryan Specialty Holdings, Inc., Chemed Corporation, Watsco, Inc., AptarGroup, Inc., and CNX Resources Corporation, and sector allocations emphasizing industrials, financials, energy, utilities, and information technology. Managed by a seasoned team averaging over 20 years of experience—led by Portfolio Managers Robert D'Alelio, Brett Reiner, and Gregory Spiegel—the ETF trades on the NYSE Arca under ticker NBSM (CUSIP: 64135A804), with a net expense ratio of 0.65% (gross 0.78%), assets under management of approximately $201 million, and a focus on mitigating SMID-cap volatility through less economically sensitive businesses. Launched on March 20, 2024, as part of Neuberger Berman Investment Advisers LLC's expanding active ETF platform—which includes equities, fixed income, liquid alternatives, and real assets—the fund is issued by Neuberger Berman ETF Trust, distributed by Neuberger Berman BD LLC, and domiciled in the United States with primary operations targeting U.S. institutional and individual investors. Recent developments include a management fee reduction to 0.60% and contractual expense limitation to 0.64% effective April 1, 2025 (extended through August 31, 2028), recognition as one of Morningstar's Best New ETFs of 2024 on December 10, 2024, and broader firm expansions such as the launches of Neuberger Berman Total Return Bond ETF (NBTR) and Growth ETF (NBGX) in December 2024, alongside the conversion of its Emerging Markets Debt Fund into the Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) in August 2025. Neuberger Berman, the fund's investment manager, is a private, independent, employee-owned firm founded in 1939 and headquartered at 1290 Avenue of the Americas in New York, New York, managing approximately $558 billion in client assets across 26 countries.