NBCR ETF — Holdings & Analysis

With an expense ratio of 0.88%, NBCR differentiates itself through its active management approach and a concentrated portfolio of approximately 193 holdings, focusing primarily on U.S. equities.

Neuberger Berman Core Equity ETF (NBCR) ETF — Price, Holdings & Analysis

The Neuberger Berman Core Equity ETF (NBCR) is an actively managed equity ETF with $0.66 billion in assets under management. Launched in July 2024, NBCR seeks long-term risk-adjusted returns, aiming to outperform passive large-cap strategies. With an expense ratio of 0.88%, NBCR differentiates itself through its active management approach and a concentrated portfolio of approximately 193 holdings, focusing primarily on U.S. equities.

ETF Overview

Seeks long term risk-adjusted returns as an attractive alternative to passive large cap strategies

The Neuberger Berman Core Equity ETF (NBCR) aims to provide investors with long-term risk-adjusted returns by actively selecting a concentrated portfolio of equity securities. NBCR's strategy involves identifying companies with strong fundamentals and growth potential, primarily within the large-cap segment. The fund's top holdings reflect a significant allocation to technology companies, with NVIDIA Corp (7.11%), Apple Inc (6.36%), and Microsoft Corp (4.92%) representing the largest positions. Other notable holdings include Alphabet Inc (GOOGL) at 4.02%, Amazon.com Inc (3.33%), and Meta Platforms Inc (2.41%). The fund maintains a substantial allocation to the United States, with 94.4% of its assets invested in U.S. companies, followed by smaller allocations to Ireland (3.0%), the United Kingdom (1.2%), Israel (0.4%) and Canada (0.7%). This concentrated approach differentiates NBCR from passively managed ETFs that typically track a broader market index.

Risk Metrics

NBCR's active management and concentrated portfolio introduce specific risks. The fund's expense ratio of 0.88% is higher than the category average for equity ETFs, which can create a performance drag over time, especially in periods of lower returns. The significant allocation to the technology sector, exemplified by its top holdings in NVIDIA, Apple, and Microsoft, exposes the fund to sector-specific risks. A downturn in the technology sector could disproportionately impact NBCR's performance. With a 3-year beta of 0.00, NBCR's volatility relative to the market cannot be determined, as the fund is relatively new. Investors should be aware of these concentration and sector-specific risks when considering NBCR for their portfolios. Past performance does not guarantee future results.

Expense Ratio

0.88%

What does NBCR hold?

Holding	Weight
NVIDIA Corp (NVDA)	7.11%
Apple Inc (AAPL)	6.36%
Microsoft Corp (MSFT)	4.92%
Alphabet Inc Class A (GOOGL)	4.02%
Amazon.com Inc (AMZN)	3.33%
Alphabet Inc Class C (GOOG)	2.46%
Meta Platforms Inc Class A (META)	2.41%
Broadcom Inc (AVGO)	2.34%
Tesla Inc (TSLA)	1.65%
Aon PLC Class A (AON)	1.59%

How Is the Fund Allocated?

Country	Weight
United States	94.4%
Ireland	3.0%
United Kingdom	1.2%
Israel	0.4%
Canada	0.7%
Netherlands	0.2%
Other	0.2%
Switzerland	0.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Neuberger Berman China Equity ETF (NBCE) (Equity) — 7.22% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is NBCR and what does it track?

The Neuberger Berman Core Equity ETF (NBCR) is an actively managed equity ETF that seeks long-term risk-adjusted returns.

Unlike passive ETFs that track a specific index, NBCR employs an active investment strategy to identify and invest in companies with strong fundamentals and growth potential. The fund's portfolio consists of approximately 193 holdings, primarily focused on large-cap U.S. equities.

What is the expense ratio for NBCR?

The Neuberger Berman Core Equity ETF (NBCR) has an expense ratio of 0.88%. This means that for every $10,000 invested in the fund, investors will pay $88 in annual fees to cover the fund's operating expenses.

What are the top holdings in NBCR?

The Neuberger Berman Core Equity ETF (NBCR) has a concentrated portfolio, with its top holdings representing a significant portion of its assets.

As of 2026-03-15, the top three holdings in NBCR are NVIDIA Corp (NVDA) at 7.11%, Apple Inc (AAPL) at 6.36%, and Microsoft Corp (MSFT) at 4.92%.

Is NBCR a good long-term investment?

Determining whether NBCR is a suitable long-term investment depends on individual investor goals, risk tolerance, and investment horizon.

NBCR's active management approach aims to deliver long-term risk-adjusted returns, but it also introduces the potential for underperformance compared to passively managed index funds. The fund's expense ratio of 0.88% should be considered in the context of its potential returns.

How does NBCR compare to similar ETFs?

NBCR differentiates itself from similar ETFs through its active management strategy and concentrated portfolio. While many large-cap equity ETFs passively track market indices, NBCR actively selects its holdings based on fundamental analysis and growth potential.

Does NBCR pay dividends?

As of 2026-03-15, the Neuberger Berman Core Equity ETF (NBCR) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

Investors seeking current income from their investments may want to consider other equity ETFs that offer a higher dividend yield.