ETF Evaluator:
Neuberger Growth ETF ()
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(as of Aug 17)
Best Performing in Large Growth Over the Last Year
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ETF Details
Neuberger Growth ETF Overview
Neuberger Growth ETF (NBGX) is an actively managed U.S. Equity Large Growth 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 normally invests primarily in equity securities of large-capitalization companies, which it defines as those with a market capitalization within the market capitalization range of the Russell 1000® Growth Index at the time of purchase. The portfolio managers employ a research driven approach to stock selection, with a long term perspective that combines both quantitative analysis and qualitative judgment. The fund is non-diversified.
About Neuberger Growth ETF (NBGX)
There are 3 members of the management team with an average tenure of 1.62 years: Charles Kantor (2024), Marc Regenbaum (2024) and Raman Gambhir (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Neuberger Growth ETF has 54 securities in its portfolio. The top 10 holdings constitute 52.5% 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 Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Neuberger Growth ETF has 9.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.7% There is 9.9% 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 Growth ETF has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $8 billion average for the Large Growth 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.
NBGX 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 Growth ETF expense ratio is average compared to funds in the Large Growth category. Neuberger Growth ETF has an expense ratio of 0.44%, which is 11% lower than its category average, making the fund expense ratio grade a B. 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 Growth ETF has a portfolio turnover rate of 29%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Neuberger Growth ETF returned -2.2%, which earned it a grade of B, as the Large Growth category had an average return of -3.8%. 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 Growth ETF has a trailing yield of 0.27%, which is below the 0.53% 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 Growth ETF Grades
Year to date, the ETF has returned 3.1%, 3.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 7.4% over the past year (grade of D).
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NBGX 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 |
|
| NBGX Return (NAV) | -2.2% | 1.2% | 7.4% | na | na | na |
| NBGX Return (Price) | -2.0% | 1.3% | 9.7% | na | na | na |
| NAV +/- Price Return | -0.159% | -0.098% | -2.298% | na | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| NBGX Grade (NAV) | B | D | D | na | na | na |
| +/- Category (NAV) | 1.6% | -1.5% | -5.6% | na | na | na |
| NBGX Tax-Cost Ratio | na | na | 0.1% | na | na | na |
NBGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NBGX Return (NAV) | 3.1% | 16.2% | na | na | na | na | na | na | na | na | na |
| NBGX Return (Price) | 2.5% | 17.1% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.183% | 0.054% | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| NBGX Grade (NAV) | D | C | na | na | na | na | na | na | na | na | na |
| +/- Category | -3.1% | -0.6% | 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: | 0.3% |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | 29.0% |
| Expense Ratio: | 0.44% |
| 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: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Kantor Charles (2024), Regenbaum Marc (2024), Gambhir Raman (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 52.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 9.9% |
Portfolio Allocation |
|
| Domestic Stock: | 87.7% |
| Foreign Stock: | 9.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Neuberger Berman |
| Phone Number: | 877-628-2583 |
| Website: | |
| Inception Date: | December 18, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.44% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
