ETF Evaluator: Neuberger Em Mkts Debt Hard Ccy ETF () Follow This ETF

Neuberger Em Mkts Debt Hard Ccy ETF Overview

Neuberger Em Mkts Debt Hard Ccy ETF (NEMD) is an actively managed Taxable Bond Emerging Markets Bond exchange-traded fund (ETF). Neuberger Berman launched the ETF in 2013.

The investment seeks high total return consisting of income and capital appreciation. To pursue its goal, the fund normally invests at least 80% of its net assets in debt and other instruments of issuers that are tied economically to emerging market countries and are denominated in hard currencies and other investments that provide investment exposure to such debt instruments.

About Neuberger Em Mkts Debt Hard Ccy ETF (NEMD)

There are 4 members of the management team with an average tenure of 9.74 years: Rob Drijkoningen (2013), Gorky Urquieta (2013), Bart van der Made (2013) and Kaan Nazli (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: JPM EMBI Global Diversified TR USD index with a weighting of 100% and JPM EM Hard Cur/Local Cur 50-50 TR USD index with a weighting of 100%. Neuberger Em Mkts Debt Hard Ccy ETF has 263 securities in its portfolio. The top 10 holdings constitute 32.1% 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 Em Mkts Debt Hard Ccy ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Neuberger Em Mkts Debt Hard Ccy ETF has 90.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.2% (4.8% domestic bond, 90.4% foreign bond and 0.0% convertible bond). Neuberger Em Mkts Debt Hard Ccy ETF has 4.8% of the portfolio in cash.

Assets Under Management

The fund has $137 million in total assets, which is below the $1 billion average for the Emerging Markets Bond 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.

NEMD 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 Em Mkts Debt Hard Ccy ETF expense ratio is above average compared to funds in the Emerging Markets Bond category. Neuberger Em Mkts Debt Hard Ccy ETF has an expense ratio of 0.60%, which is 30% higher than its category average, making the fund expense ratio grade a F. 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 Em Mkts Debt Hard Ccy ETF has a portfolio turnover rate of 5%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 56% for the Emerging Markets Bond category.

Recently, in the month of July 2026, Neuberger Em Mkts Debt Hard Ccy ETF returned -1.2%, which earned it a grade of C, as the Emerging Markets Bond category had an average return of -1.1%. 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 Em Mkts Debt Hard Ccy ETF has a trailing yield of 5.53%, which is below the 6.13% 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.

Neuberger Em Mkts Debt Hard Ccy ETF Grades

Year to date, the ETF has returned 3.0%, 0.9 percentage points better than the category, which translates into a grade of B. The fund has returned 11.3% over the past year (grade of A), 9.0% over the past three years (grade of B) and 3.1% per year over the past five years (grade of B) and 3.6% per year over the past 10 years (grade of C).

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