ETF Evaluator:
Neuberger Core Equity ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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ETF Details
Neuberger Core Equity ETF Overview
Neuberger Core Equity ETF (NBCR) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Neuberger Berman launched the ETF in 2024.
The investment seeks long-term growth of capital.
To pursue its goal, the fund invests primarily in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The Portfolio Managers seek to invest in a broad group of securities that have the potential to outperform the Russell 1000® Index with a lower level of risk through security selection. The fund is non-diversified.
About Neuberger Core Equity ETF (NBCR)
There are 3 members of the management team with an average tenure of 2.00 years: Timothy Creedon (2024), Jacob Gamerman (2024) and David Levine (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Neuberger Core Equity ETF has 204 securities in its portfolio. The top 10 holdings constitute 36.6% 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 Core Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Neuberger Core Equity ETF has 2.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.5% There is 2.3% 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 Core Equity ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $841 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.
NBCR 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 Core Equity ETF expense ratio is below average compared to funds in the Large Blend category. Neuberger Core Equity ETF has an expense ratio of 0.29%, which is 30% lower 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 Core Equity ETF has a portfolio turnover rate of 44%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Neuberger Core Equity ETF returned 0.7%, which earned it a grade of B, 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 Core Equity ETF has a trailing yield of 0.42%, which is below the 1.16% category average.
The fund normally distributes its income annually 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.
Neuberger Core Equity ETF Grades
Year to date, the ETF has returned 6.9%, 2.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.6% over the past year (grade of D).
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NBCR 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 |
|
| NBCR Return (NAV) | 0.7% | 3.5% | 15.6% | na | na | na |
| NBCR Return (Price) | 1.0% | 3.4% | 15.4% | na | na | na |
| NAV +/- Price Return | -0.225% | 0.070% | 0.201% | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| NBCR Grade (NAV) | B | D | D | na | na | na |
| +/- Category (NAV) | 1.6% | -0.2% | -1.9% | na | na | na |
| NBCR Tax-Cost Ratio | na | na | 0.1% | na | na | na |
NBCR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NBCR Return (NAV) | 6.9% | 18.7% | na | na | na | na | na | na | na | na | na |
| NBCR Return (Price) | 7.1% | 18.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.028% | -0.002% | 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% |
| NBCR Grade (NAV) | F | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -2.6% | 3.4% | 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: | 0.4% |
| Total Assets: | $ 842 Mil |
| Share Class Assets: | $ 842 Mil |
| Turnover: | 44.0% |
| Expense Ratio: | 0.29% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Creedon Timothy (2024), Gamerman Jacob (2024), Levine David (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 204 |
| % in Top 10 Holdings: | 36.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.3% |
Portfolio Allocation |
|
| Domestic Stock: | 97.5% |
| Foreign Stock: | 2.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Neuberger Berman |
| Phone Number: | 877-628-2583 |
| Website: | |
| Inception Date: | July 31, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.29% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
