NBDS
Neuberger Berman Disrupters ETF
NBDS is an actively managed portfolio of global companies that are perceived to be positioned to benefit from disruptive innovations and trends.
Global
EQUITY
Active
MANAGEMENT STYLE
21.0 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Neuberger Berman |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 06, 2022 |
| Assets (mns) | $21 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| NVIDIA CORP | 10.1 % |
| UBER TECHNOLOGIES, INC. | 5.0 % |
| INTUITIVE SURGICAL INC | 5.0 % |
| ELI LILLY & CO | 4.7 % |
| AMAZON.COM INC | 4.6 % |
| TRADEWEB MARKETS, INC. CLASS A | 4.5 % |
| ADVANCED MICRO DEVICES | 4.5 % |
| ASML HOLDING NV-NY REG SHS | 4.3 % |
| SPOTIFY TECHNOLOGY SA | 4.2 % |
| INTUIT INC | 4.2 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 438 |
| Wgt avg mkt cap (mns) | $354,179 |
| Large cap (>$10bn) | 93.8% |
| Mid cap ($2-10bn) | 6.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 83.6 % |
 |
NETHERLANDS | 4.3 % |
 |
LUXEMBOURG | 4.2 % |
 |
ISRAEL | 3.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.4% | 38.6% | 25.7% | -- | -- | -- | 15.0% | Volatility | 23.6% | 22.4% | 23.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 87% |
| MSCI EAFE | 0.93 | 56% |
| MSCI Emg Mkts | 0.74 | 37% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $83,292 |
Technical Indicators
| Recent close | $30.98 |
| 30d moving avg. | $30.54 |
| Annualized volatility | 22.3% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NBDS |
Expenses vs. NBDS |
ALTAR Score™ vs. NBDS |
|---|---|---|---|---|
| FFOG | Franklin Focused Growth ETF FOCUSED GROWTH ETF | 38.3% | +6 bp | +1.4% |
| BTECX | Baron Technology | 32.0% | +20 bp | +0.9% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 31.1% | +20 bp | +1.8% |
| BFTHX | Baron Fifth Avenue Growth Retail | 30.5% | +20 bp | +0.2% |
| JGRO | JPMorgan Active Growth ETF | 30.3% | -11 bp | +2.0% |
| CACG | ClearBridge All Cap Growth ESG ETF | 30.2% | -1 bp | +2.2% |
| BGRO | iShares Large Cap Growth Active ETF | 29.9% | 0 bp | +2.1% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 29.6% | +4 bp | +2.0% |
| BIOPX | Baron Opportunity Retail | 29.5% | +20 bp | -0.5% |
| GGRW | Gabelli Growth Innovators ETF | 29.2% | +35 bp | +1.0% |
Risk and Returns: NBDS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NBDS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
NBDS
1.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. NBDS's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places NBDS in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NBDSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| NBDS (55 bp) Percentile rank | 29 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NBDS | 55.0 | 18.4 | 73.4 |
| Peer Avg. | 74.3 | 39.3 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .