{
 "ticker": "NBET",
 "name": "Neuberger Energy Transition & Infrastructure ETF",
 "issuer": "Neuberger Berman",
 "desk": "themes",
 "url": "https://etfiq.com/funds/NBET",
 "html": "https://etfiq.com/funds/NBET",
 "markdown": "https://etfiq.com/funds/NBET.md",
 "as_of": "2026-09-11",
 "verdict": "NBET holds 31 stocks, and 66% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "34.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBET, already in the S&P 500: 34.5%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBET, active share vs the S&P 500: 97.8%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "57.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBET, top ten holdings: 57.2%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+32.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "NBET, total return, 1 year: +32.9%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$45m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "NBET, net assets: $45m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Feb 24, 2026",
   "as_of": "2026-09-11",
   "sentence": "NBET, expense ratio: 0.65% (485BPOS XBRL, Feb 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Energy transition and decarbonisation",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 7, 2022",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "34.5%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.8%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "57.2%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "31",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Apr 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Targa Resources Corp 9.1%, Enterprise Products Partners LP 7.6%, Energy Transfer LP 7.5%, DT Midstream Inc 6.1%, Cheniere Energy Inc 6.0%, Williams Cos Inc/The 5.4%, Clearway Energy Inc 4.0%, Western Midstream Partners LP 4.0%, Antero Midstream Corp 3.8%, Antero Resources Corp 3.6%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$45m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22120.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Feb 24, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.66%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "FPWR 22%, NVIR 20%, TSES 18%, LENS 10%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+6.8%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+3.5 pts",
   "Gap to Nasdaq-100": "+7.5 pts"
  },
  {
   "window": "6 months",
   "Total return": "+7.4%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22128.6 pts",
   "Gap to Nasdaq-100": "\u221213.3 pts"
  },
  {
   "window": "1 year",
   "Total return": "+32.9%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+15.4 pts",
   "Gap to Nasdaq-100": "+9.9 pts"
  },
  {
   "window": "3 years",
   "Total return": "+92.6%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+14.7 pts",
   "Gap to Nasdaq-100": "\u22122.5 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+83.1%",
   "S&P 500": "+80.5%",
   "Gap to S&P 500": "+2.6 pts",
   "Gap to Nasdaq-100": "\u221224.2 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of NBET is in S&P 500 companies?",
   "a": "By its holdings filed for Apr 30, 2026, 34% of NBET by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different."
  },
  {
   "q": "What does NBET hold?",
   "a": "31 positions as filed for Apr 30, 2026, with the top ten at 57% of the fund. The largest are Targa Resources Corp at 9.1%, Enterprise Products Partners LP at 7.6%, Energy Transfer LP at 7.5%."
  },
  {
   "q": "Has NBET beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 NBET returned +32.9% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 15.4 points."
  },
  {
   "q": "What does NBET cost?",
   "a": "The prospectus expense ratio is 0.65% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.66%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}