ETF Evaluator:
Neuberger Japan Equity ETF ()
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(as of Aug 26)
Best Performing in Japan Stock Over the Last Year
| 56.1% | WisdomTree Japan Opportunities ETF (OPPJ) |
| 48.3% | WisdomTree Japan Hedged Equity ETF (DXJ) |
| 44.1% | Xtrackers MSCI Japan Hedged Equity ETF (DBJP) |
| 43.6% | Franklin FTSE Japan Hedged ETF (FLJH) |
| 42.7% | iShares Currency Hedged MSCI Japan ETF (HEWJ) |
Risk
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Risk
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ETF Details
Neuberger Japan Equity ETF Overview
Neuberger Japan Equity ETF (NBJP) is an actively managed International Equity Japan Stock exchange-traded fund (ETF). Neuberger Berman launched the ETF in 2024.
The investment seeks long-term growth of capital.
The fund normally invests at least 80% of its net assets in equity securities of companies that are tied economically to Japan, including other investment companies that provide investment exposure to such securities. The portfolio managers seek to identify high-quality Japanese companies that appear to be positioned for durable growth.
About Neuberger Japan Equity ETF (NBJP)
There are 3 members of the management team with an average tenure of 1.42 years: Keita Kubota (2024), Kei Okamura (2024) and Zui Shiromoto (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Neuberger Japan Equity ETF has 59 securities in its portfolio. The top 10 holdings constitute 36.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Neuberger Japan Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. Neuberger Japan Equity ETF has 96.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 96.7% 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 Japan Equity ETF has 3.3% of the portfolio in cash.
Assets Under Management
The fund has $124 million in total assets, which is below the $2 billion average for the Japan Stock 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.
NBJP 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 Japan Equity ETF expense ratio is average compared to funds in the Japan Stock category. Neuberger Japan Equity ETF has an expense ratio of 0.50%, which is 1% 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 Japan Equity ETF has a portfolio turnover rate of 59%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the Japan Stock category.
Recently, in the month of July 2026, Neuberger Japan Equity ETF returned -4.9%, which earned it a grade of F, as the Japan Stock category had an average return of 0.3%. 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 Japan Equity ETF has a trailing yield of 1.98%, which is below the 2.67% 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 Japan Equity ETF Grades
Year to date, the ETF has returned 15.6%, 1.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 31.4% over the past year (grade of C).
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NBJP 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 |
|
| NBJP Return (NAV) | -4.9% | 1.6% | 31.4% | na | na | na |
| NBJP Return (Price) | -5.0% | 1.3% | 26.3% | na | na | na |
| NAV +/- Price Return | 0.091% | 0.273% | 5.145% | na | na | na |
| Japan Stock Avg | 0.3% | 4.6% | 33.2% | 21.7% | 15.1% | 11.8% |
| NBJP Grade (NAV) | F | F | C | na | na | na |
| +/- Category (NAV) | -5.2% | -3.1% | -1.8% | na | na | na |
| NBJP Tax-Cost Ratio | na | na | 0.7% | na | na | na |
NBJP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NBJP Return (NAV) | 15.6% | 31.1% | na | na | na | na | na | na | na | na | na |
| NBJP Return (Price) | 14.4% | 23.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.075% | -0.236% | na | na | na | na | na | na | na | na | na |
| Japan Stock Avg | 16.7% | 28.3% | 13.9% | 25.8% | -8.2% | 5.5% | 7.6% | 18.3% | -15.2% | 25.5% | 3.3% |
| NBJP Grade (NAV) | D | B | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.1% | 2.8% | 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: | 2.0% |
| Total Assets: | $ 124 Mil |
| Share Class Assets: | $ 124 Mil |
| Turnover: | 59.0% |
| Expense Ratio: | 0.50% |
| 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: 1.9 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Kubota Keita (2024), Okamura Kei (2024), Shiromoto Zui (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 59 |
| % in Top 10 Holdings: | 36.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 96.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Neuberger Berman |
| Phone Number: | 877-628-2583 |
| Website: | |
| Inception Date: | September 11, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.50% |
