What this ETF is trying to do

The Neuberger Berman Energy Transition & Infrastructure ETF (NBET) focuses on companies involved in energy infrastructure and the transition of energy sources. It holds a variety of companies, including those in the energy sector.

Top Holdings

As of October 7, 2026, the fund holds 32 total positions. Because the list is partial, we only see the largest holdings. The top five include:

• Targa Resources Corp: 9.39%

• Energy Transfer LP: 7.76%

• Enterprise Products Partners LP: 7.63%

• Cheniere Energy Inc: 6.11%

• DT Midstream Inc: 6.09%

What the numbers show

The current price of the ETF is $40.56. To understand how it has performed, we look at two different types of returns: price return (which only tracks the share price) and total return (which includes distributions).

• Year-to-Date (YTD): The price return is 23.95%, while the total return is 26.70%.

• One Year: The price return is 23.25%, and the total return is 26.47%.

• Three Year: The price return is 85.39%, and the total return is 102.05%.

For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($32.91), the price-only growth would have increased that amount by 23.25%.

Income and distribution explanation

This ETF pays out cash to investors, which is called a distribution. It usually pays these distributions quarterly. The distribution yield is 2.47%.

It is important for beginners to know that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets declines over time. StockValueFinder uses an erosion-risk score to measure this.

NBET has an erosion score of 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag for this fund.

Pros

• The fund has shown strong price and total returns over the last one and three years.

• There is currently no detected price erosion.

• It provides regular quarterly cash distributions.

Cons

• The distribution yield is relatively low compared to some high-income funds.

• Performance in the energy sector can be volatile.

Beginner takeaway

NBET is an ETF that invests in energy infrastructure. It has seen significant growth in both share price and total return over the last three years. While it pays a modest distribution yield, the primary growth has come from the increase in the share price.