- ISIN
- US64135A8797
- Issuer
- Neuberger
- Inception Date
- Jun 24, 2024
- Category
- Multisector Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $74M
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $56.02K
Share Price Chart
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Performance
NBFC Performance Chart
Flexible Credit Income ETF (NBFC) is up 1.4% since the beginning of the year. NBFC is currently trading at $50 per share.
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Returns By Period
Flexible Credit Income ETF (NBFC) has returned 1.39% so far this year and 4.93% over the past 12 months.
Flexible Credit Income ETF
- 1D
- 0.07%
- 1M
- -0.52%
- 6M
- 0.65%
- YTD
- 1.39%
- 1Y
- 4.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NBFC Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2024, NBFC's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jun 2025 with a return of +1.8%, while the worst month was Mar 2026 at -1.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, NBFC closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +1.6%, while the worst single day was Apr 7, 2025 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.73% | 0.19% | -1.79% | 1.54% | 0.91% | 0.30% | -0.47% | 1.39% | |||||
| 2025 | 1.38% | 1.05% | -1.02% | -0.37% | 1.69% | 1.84% | 0.76% | 1.22% | 1.04% | 0.48% | 0.60% | 0.58% | 9.63% |
| 2024 | -0.31% | 1.74% | 1.61% | 1.29% | -0.73% | 1.56% | -0.58% | 4.64% |
Benchmark Metrics
Flexible Credit Income ETF has an annualized alpha of 5.04%, beta of 0.14, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since June 25, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (31.10%) than losses (16.60%) - typical of diversified or defensive assets.
- Beta of 0.14 may look defensive, but with R2 of 0.44 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.44 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.04%
- Beta
- 0.14
- R²
- 0.44
- Upside Capture
- 31.10%
- Downside Capture
- 16.60%
Expense Ratio
NBFC has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NBFC ranks 70 for risk / return — above 70% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Flexible Credit Income ETF (NBFC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NBFC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 2.00 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.16 | 8.49 | -0.34 |
Dividends
Dividend History
Flexible Credit Income ETF provided a 7.27% dividend yield over the last twelve months, with an annual payout of $3.64 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $3.64 | $3.95 | $1.99 |
Dividend yield | 7.27% | 7.71% | 3.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Flexible Credit Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.27 | $0.24 | $0.30 | $0.26 | $0.24 | $0.27 | $0.28 | $1.85 | |||||
| 2025 | $0.31 | $0.29 | $0.32 | $0.29 | $0.34 | $0.31 | $0.32 | $0.28 | $0.30 | $0.29 | $0.27 | $0.66 | $3.95 |
| 2024 | $0.32 | $0.30 | $0.30 | $0.34 | $0.74 | $1.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Flexible Credit Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Flexible Credit Income ETF was 3.99%, occurring on Apr 8, 2025. Recovery took 35 trading sessions.
The current Flexible Credit Income ETF drawdown is 0.66%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-3.99%Apr 2025 | 1mo 6d | 1mo 21d | 2mo 27dMar 2025 - May 2025 | 2025 selloff2025 |
-2.77%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
-1.35%Dec 2024 | 10d | 1mo 9d | 1mo 19dDec 2024 - Jan 2025 | — |
-1.18%Nov 2025 | 20d | 1mo 1d | 1mo 21dOct 2025 - Dec 2025 | — |
-1.10%May 2026 | 29d | 9d | 1mo 8dApr 2026 - May 2026 | — |
Drawdown Indicators
| NBFC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.99% | -56.78% | +52.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -9.10% | +6.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.58% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -0.43% | -10.70% | +10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.14% | -1.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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