This is an actively managed product that identifies and invests in key companies in the US large-cap space. It targets constituents of the Russell 1000 Index as its main investment universe, and seeks to generate alpha through individual stock selection while maintaining industry neutrality.

It suits large-cap investors who prefer quality stocks selected through expert judgment over simple index tracking.

It is an actively managed ETF launched in 2024 by Neuberger Berman.

The portfolio is built through a comprehensive analysis of companies' cash flow, financial health, and future growth prospects. While taking care not to overweight any particular sector, the fund selects and holds companies with competitive advantages, drawing on its analytical capabilities.

• Research-driven, bottom-up stock selection
• Sector-neutral management combined with risk control

Assets under management (AUM) stand at $847.8M, and the expense ratio is 0.29% per year.

Unlike ITOT and SCHB shown in the table, which broadly track the market index, NBCR actively picks stocks with strong fundamentals from among core large caps.

The fund has shown a solid performance trend, in step with earnings growth at big tech and other major large caps. Amid the market's broad uptrend, improving profits at high-quality companies have supported the fund's returns.

Demand is flowing into actively managed large-cap funds, and the investment strategy centered on quality stocks with greater resilience relative to the index is drawing investor attention.

Professional stock selection and risk management are its strengths, but the fee burden of active management and the possibility of lagging the index at certain times are factors to consider.

ITOT, SCHB, and IWV shown in the table are representative passive alternatives that cover the entire US market, while OEF is an option that focuses only on mega caps. If you want a similar active large-cap strategy, you can consider AVUS or DFAC, and if you prefer an approach centered on quality dividend stocks, VIG or SCHD can also be good choices. If you want to put more weight on technology growth, QQQ is also worth considering.

These are the key items to review before investing in NBCR. It is necessary to comprehensively examine the effectiveness of the active management strategy and the overall valuation level of the large-cap market.

Large caps are more stable than small and mid caps, but they cannot avoid a decline in the overall market. In particular, investors should note that if the active strategy is out of step with market trends, losses could be larger than those of the index.

It is a suitable product for investors who want excess returns from expert stock selection on top of a stable foundation of US large-cap investing. It is a useful option for pursuing long-term growth as a core portfolio asset.