NBSM: NEUBERGER BERMAN SMALL-MID CAP ETF
Understanding the NEUBERGER BERMAN SMALL-MID CAP ETF (NBSM)
The NEUBERGER BERMAN SMALL-MID CAP ETF (ticker: NBSM) is an exchange-traded fund designed to invest in small and medium-sized companies. This ETF is listed on the NYSE.
1. What this ETF is trying to do
This fund focuses on "small-mid cap" companies. This means it invests in businesses that are generally smaller or mid-sized rather than the massive corporations you see every day. By holding a variety of these companies, the ETF seeks to capture the growth potential often found in smaller businesses.
2. What the numbers show
The data shows how the share price has moved over different time periods.
• Year-to-Date (YTD) Price Return: The share price has increased by approximately 9.59% since the start of the year.
• One-Year Price Return: Over the last 12 months, the share price grew by approximately 9.94%.
• Estimated Price Change: Roughly one year ago, the price was estimated to be $25.16. The current price is $27.66.
It is important to note that "price return" only tracks the change in the cost of a single share. It does not include any cash paid out to investors through distributions.
3. Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. For NBSM:
• Distribution Yield: The yield is approximately 0.37%. This represents the cash distributions relative to the current ETF price.
• Frequency: The distributions are described as "irregular" or "less frequent." In the last 12 months, there was 1 payout.
• Total Return vs. Price Return: The one-year total return was approximately 10.37%, while the one-year price return was 9.94%. The total return is higher because it includes the impact of distributions.
4. 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 look like erosion, they are not always the same thing.
For NBSM, the erosion-risk score is 100, which is labeled as "No price erosion detected." The 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.
5. Pros
• Positive Price Movement: The ETF has shown positive price returns both year-to-date and over the last year.
• Low Erosion Risk: Based on the supplied erosion-risk score, there are no signs of significant price deterioration.
6. Cons
• Irregular Income: Because the distribution frequency is irregular, investors cannot rely on a steady, predictable schedule of cash payments.
• Small Yield: The distribution yield is relatively low at 0.37%.
7. Beginner takeaway
NBSM is an ETF that focuses on smaller and mid-sized companies. Recent data shows the share price has been increasing. While it does pay distributions, they do not happen on a regular schedule, and the yield is modest. Always remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | STATE STREET INSTL TREASURY MMKT INSTL | SSJXX | 3.54% |
| 2 | KIRBY CORP | KEX | 2.37% |
| 3 | REVVITY INC | RVTY | 2.22% |
| 4 | APTARGROUP INC | ATR | 2.18% |
| 5 | GATES INDUSTRIAL CORP PLC | GTES | 2.14% |
| 6 | COMMUNITY FINANCIAL SYSTEM INC | CBU | 2.10% |
| 7 | UMB FINANCIAL CORP | UMBF | 2.06% |
| 8 | WHITE MOUNTAINS INSURANCE GROUP LTD | WTM | 2.03% |
| 9 | HAEMONETICS CORP | HAE | 2.02% |
| 10 | STEWART INFORMATION SERVICES CORP | STC | 1.89% |