ETF Evaluator:
Neuberger Quality Select ETF (NQLT)
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Best Performing in Large Blend Over the Last Year
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Risk
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ETF Details
Neuberger Quality Select ETF Overview
Neuberger Quality Select ETF (NQLT) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Neuberger Berman launched the ETF in 2026.
The investment seeks long-term growth of capital.
To pursue its goal, the fund seeks to invest primarily in common stocks of mid- to large-capitalization companies that the portfolio manager believes to be high-quality. Although the fund invests primarily in domestic stocks, it may also invest in stocks of foreign companies, including American Depositary Receipts (“ADRs”) and those in emerging markets. The fund is non-diversified.
About Neuberger Quality Select ETF (NQLT)
There are 1 members of the management team with an average tenure of 0.06 years: Daniel Hanson (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Neuberger Quality Select ETF has 63 securities in its portfolio. The top 10 holdings constitute 50.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Neuberger Quality Select ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Neuberger Quality Select ETF has 4.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.5% There is 4.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Neuberger Quality Select ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $48 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NQLT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Neuberger Quality Select ETF expense ratio is average compared to funds in the Large Blend category. Neuberger Quality Select ETF has an expense ratio of 0.48%, which is 16% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Neuberger Quality Select ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Neuberger Quality Select ETF returned 0.0%, which earned it a grade of NA, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Neuberger Quality Select ETF has a trailing yield of 0.00%, which is below the 1.16% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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NQLT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NQLT Return (NAV) | na | na | na | na | na | na |
| NQLT Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| NQLT Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| NQLT Tax-Cost Ratio | na | na | na | na | na | na |
NQLT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NQLT Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| NQLT Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| NQLT Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 48 Mil |
| Share Class Assets: | $ 48 Mil |
| Turnover: | na |
| Expense Ratio: | 0.48% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Hanson Daniel (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 63 |
| % in Top 10 Holdings: | 50.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.8% |
Portfolio Allocation |
|
| Domestic Stock: | 94.5% |
| Foreign Stock: | 4.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Neuberger Berman |
| Phone Number: | 877-628-2583 |
| Website: | |
| Inception Date: | July 10, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.48% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
