What this ETF is trying to do

The NEUBERGER BERMAN GROWTH ETF (NBGX) is an exchange-traded fund designed to focus on growth. Based on its top holdings, the fund invests in large companies across different sectors, including technology and healthcare. This ETF holds a total of 56 different investments.

What the numbers show

The current price of NBGX is $31.00. When looking at how the fund has performed, it is helpful to look at two different types of returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is approximately 10.66%. The one-year price return is approximately 10.48%.

• Total Return: This includes both the share price changes and any distributions paid out. The YTD total return is approximately 10.66%, and the one-year total return is approximately 10.94%.

To put this in perspective, the estimated price from roughly one year ago was $28.06. Since then, the share price has increased.

Income and distribution explanation

NBGX provides a small amount of income through distributions. The distribution yield is approximately 0.37%. This number represents the cash distributed relative to the ETF's price.

The fund has an irregular or less frequent distribution schedule, with only one payout recorded in the last 12 months. Because the yield is relatively low, this ETF is not primarily focused on providing high levels of regular cash income.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be a sign of erosion, they are not the same thing.

For NBGX, the erosion-risk score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Top Holdings

The following are the top holdings in the portfolio (note that this is a partial list):

• NVIDIA CORP: 10.20%

• ALPHABET INC CLASS A: 9.13%

• META PLATFORMS INC CLASS A: 6.04%

• MICROSOFT CORP: 5.34%

• BROADCOM INC: 4.91%

• APPLE INC: 4.54%

• AMAZON.COM INC: 4.02%

• ASML HOLDING NV ADR: 2.99%

• ELI LILLY AND CO: 2.95%

• TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR: 2.71%

Please remember that holdings can change over time.

Pros

• The fund has shown positive price returns both year-to-date and over the last year.

• The erosion-risk score indicates no detected price erosion.

Cons

• The distribution frequency is irregular and less frequent, which may not suit investors looking for steady income.

• The distribution yield is relatively low at 0.37%.

Beginner takeaway

NBGX appears to be a growth-oriented ETF that has seen its share price increase over the past year. While it does pay distributions, the yield is low and the payments do not happen on a regular schedule. It is important to remember that past performance does not guarantee future results.