# NBET (Neuberger Energy Transition & Infrastructure ETF)

Neuberger Berman · Thematic ETFs · data as of Sep 18, 2026

NBET holds 31 stocks, and 66% of its weight is outside the S&P 500.

## Key facts

- NBET, already in the S&P 500: 34.5%, as of Sep 18, 2026.
- NBET, active share vs the S&P 500: 97.8%, as of Sep 18, 2026.
- NBET, top ten holdings: 57.2%, as of Sep 18, 2026.
- NBET, total return, 1 year: +29.2%, as of Sep 18, 2026.
- NBET, net assets: $45m (SEC filing, whole fund, as filed for Apr 30, 2026).
- NBET, expense ratio: 0.65% (485BPOS XBRL, Feb 24, 2026).

## NBET over each window to Sep 18, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +7.7% | +2.3% | +5.4 pts | +10.1 pts |
| 6 months | +4.0% | +18.0% | −14.0 pts | −20.2 pts |
| 1 year | +29.2% | +16.6% | +12.7 pts | +7.5 pts |
| 3 years | +89.3% | +78.4% | +10.9 pts | −8.8 pts |
| Since launch | +79.2% | +80.3% | −1.1 pts | −29.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Energy transition and decarbonisation | ETFIQ, editorial |
| Launched | Apr 7, 2022 | ETFIQ |
| Already in the S&P 500, by weight | 34.5% | ETFIQ |
| Active share vs the S&P 500 | 97.8% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 57.2% | ETFIQ |
| Holdings | 31 | ETFIQ |
| Holdings as of | Apr 30, 2026 | SEC N-PORT |
| Top holdings | 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% | ETFIQ |
| Net assets | $45m | SEC filing, whole fund, as filed for Apr 30, 2026 |
| Below its all-time high | −2.9% | ETFIQ |
| Expense ratio | 0.65% | 485BPOS XBRL, Feb 24, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.66% | ETFIQ |
| Closest funds by holdings overlap | FPWR 22%, NVIR 20%, TSES 18%, WR 17%, LENS 10% | ETFIQ |

## Questions

### How much of NBET is in S&P 500 companies?

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.

### What does NBET hold?

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%.

### Has NBET beaten the S&P 500?

Over the year to Sep 18, 2026 NBET returned +29.2% with distributions reinvested, against +16.6% for the S&P 500, so it finished ahead of the index by 12.7 points.

### What does NBET cost?

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%.


## Cite this page

ETFIQ, NBET, data as of Sep 18, 2026. https://etfiq.com/funds/nbet
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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