Neuberger Berman ETF Trust – Neuberger Total Return Bond ETF is a U.S.-listed, actively managed exchange-traded fund that seeks to maximize total return consistent with capital preservation through a core-plus fixed-income strategy. The Fund invests principally in a diversified portfolio of U.S. and foreign debt instruments, including U.S. government and agency securities; investment-grade and below-investment-grade corporate bonds; mortgage-backed, commercial mortgage-backed and asset-backed securities; municipal obligations; sovereign and supranational debt; bank loans; preferred securities; convertible securities; repurchase agreements; cash and cash equivalents; and derivatives, including futures, options, swaps and forward contracts, used for investment exposure, duration management, hedging and efficient portfolio management. The Fund may allocate up to 30% of its assets to below-investment-grade securities and employs active security selection, sector allocation, yield-curve positioning and duration management, generally maintaining duration within approximately two years of its benchmark. It is designed for investors seeking broad, actively managed fixed-income exposure and trades on NYSE Arca under the ticker NBTR.
Neuberger Total Return Bond ETF is a separate diversified series of Neuberger Berman ETF Trust, a Delaware statutory trust established in 2010 and registered with the U.S. Securities and Exchange Commission as an open-end management investment company. The Fund commenced operations on December 17, 2024. Neuberger Berman Investment Advisers LLC serves as investment manager and administrator, while Neuberger Berman BD LLC serves as distributor; the Trust and its adviser are associated with Neuberger Berman Group LLC. The Trust is headquartered at 1290 Avenue of the Americas, New York, New York. Fund shares are issued and redeemed in Creation Units principally through authorized participants and trade intraday on NYSE Arca at market prices, which may differ from net asset value.
Recent developments include the Fund’s December 2024 launch as Neuberger Berman’s actively managed total-return bond ETF offering. In 2026, Neuberger Berman updated the Fund’s prospectus and statement of additional information, with prospectus materials dated February 28, 2026, continuing NBTR’s inclusion in the firm’s ETF platform alongside the Neuberger Emerging Markets Debt Hard Currency ETF, Neuberger Energy Transition & Infrastructure ETF, Neuberger Flexible Credit Income ETF and Neuberger Short Duration Income ETF. The Fund’s current strategy emphasizes dynamic allocations across fixed-income sectors, avoidance of static allocations to below-investment-grade and emerging-markets debt, high-conviction security selection and active interest-rate and yield-curve management.