What Is the NBGX ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The Neuberger Berman Growth ETF, or NBGX, is an actively managed fund that selects large-cap growth stocks through fundamental analysis. Investors should understand its active management, micro-cap size and once-a-year distribution structure, and also weigh the growth stock outlook, concentration in its top holdings and trading conditions.
SubscribeWhat Is the Neuberger Berman Growth ETF?
The NBGX ETF uses an actively managed large-cap equity strategy that weighs growth potential and business quality together, rather than mechanically tracking a specific index. Stock selection centers on factors that gauge a company's staying power, such as financial soundness, cash flow, profitability and pricing power.
It may suit long-term investors who want a stock-selection approach different from index-tracking growth products and who can tolerate the volatility of individual growth companies and the risks of active management.
It is an ETF actively managed by Neuberger Berman.
How Does the Neuberger Berman Growth ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | No mechanical tracking of a specific index |
| Management Style | Active stock selection |
| Rebalancing Frequency | Adjusted at the manager's discretion |
| Distribution Frequency | Once a year |
| Expense Ratio | 0.44% |
| Fund Manager | Neuberger Berman |
The NBGX ETF aims to find growth opportunities among market-leading companies by reviewing their financial condition, cash-generating ability, profitability and competitive advantages together. Its publicly disclosed holdings are known to center on NVDA, GOOGL, AVGO, MSFT and META, so changes in the top names within growth stocks can affect the portfolio.
- A selection approach that emphasizes business quality and growth durability over index weightings
- A growth stock analysis framework that looks at cash flow, profitability and pricing power together
- A structure in which the portfolio is adjusted through the manager's judgment within the large-cap growth universe
Neuberger Berman Growth ETF Size and Costs (AUM·Management Fee)
Assets under management (AUM) stand at $14.3M, and the expense ratio is 0.44% per year.
Because the NBGX ETF is a micro-cap-sized active product, it is advisable to check trading volume and bid-ask spreads before trading. From a long-term holding perspective, investors should review not only the expense ratio but also the cost gap versus index-tracking growth products and the impact of the manager's judgment on performance.
Neuberger Berman Growth ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe performance of the NBGX ETF can be sensitive to growth companies' earnings expectations, the interest rate environment and share price moves in its core holdings, including large technology stocks. When appetite for growth stocks strengthens, expectations may be priced in, but if earnings expectations fall, price corrections can be larger as well.
For a micro-cap-sized ETF, it is necessary to consider how fund flows and trading conditions affect price formation. Sentiment toward growth stocks overall, confidence in the management approach and liquidity conditions can combine to drive demand, so it is important to set order types and holding periods conservatively.
Neuberger Berman Growth ETF Strengths and Weaknesses
While active selection that prioritizes business quality is a strength, sensitivity to growth stocks, the manager's judgment and trading conditions stemming from its micro-cap size are key areas to check.
💪 Key Strengths
⚠️ Points to Watch
Neuberger Berman Growth ETF Alternative and Related ETFs
In the comparison table, the VUG ETF is an index-tracking option offering broad growth stock exposure, while the IWF ETF represents the Russell growth stock category. The IVW ETF and SPYG ETF are alternatives based on S&P 500 growth stocks, and the SCHG ETF offers large-cap growth exposure. Unlike these funds, the NBGX ETF adds the manager's judgment on business quality and growth durability rather than replicating an index, so investors should compare the results of active selection alongside costs and trading conditions.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VUG | Vanguard Morningstar Growth ETF | $85.22 | +1.7% | $217.7B | 0.03% | 0.41% | +3.3% |
 IWF | iShares Russell 1000 Growth ETF | $116.62 | +2.3% | $116.6B | 0.18% | 0.37% | -3.0% |
 IVW | iShares S&P 500 Growth ETF | $134.17 | +1.6% | $72.9B | 0.18% | 0.36% | +8.3% |
 SCHG | Schwab U.S. Large-Cap Growth ETF | $34.42 | +1.7% | $61.0B | 0.04% | 0.4% | +4.2% |
 SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | $116.18 | +1.7% | $52.6B | 0.04% | 0.5% | +8.3% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.31% | $173.73 | +2.9% | $4.19T | 22.0 | 0.45% |
| GOOG | Alphabet Inc | 0.18% | $290.63 | +2.0% | $3.57T | 15.2 | 0.3% |
| GOOGL | Alphabet Inc | 0.08% | $293.45 | +2.1% | $3.57T | 15.3 | 0.3% |
| MSFT | Microsoft Corp | 0.15% | $521.12 | -2.3% | $3.87T | 27.2 | 0.74% |
| AMZN | Amazon.com Inc | 0.07% | $266.17 | -1.7% | $2.88T | 21.5 | - |
| AAPL | Apple Inc | 0.07% | $355.63 | +2.0% | $5.17T | 39.6 | 0.32% |
Neuberger Berman Growth ETF Investor Checkpoints
When considering the NBGX ETF, investors should look not only at growth stock exposure itself but also at the criteria used to pick stocks, along with the concentration and trading conditions that can arise in the process. When comparing it with index-tracking products, the role of the manager's judgment is a key checkpoint as well as cost.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| Management Style | Check how the manager's judgment affects performance, unlike index-tracking funds | Active management |
| Fee Burden | Review the expense ratio over a long holding period and the cost gap versus similar growth products | Comparison needed |
| Distribution Policy | Check whether the once-a-year distribution structure fits your cash flow plan | Once a year |
| Liquidity | Check trading volume and bid-ask spreads before placing orders | Check required |
Growth-focused portfolios can move sensitively with earnings expectations and interest rate changes, and if the weighting of some holdings grows, company-specific issues can weigh more heavily on overall performance. Given its micro-cap size, trading volume and bid-ask spreads can also affect the actual trading experience.
The Neuberger Berman Growth ETF can be viewed as an active growth stock product that prioritizes business quality and growth durability over index replication. Before investing, it is necessary to compare costs and trading conditions with index-tracking growth products and to confirm that you can tolerate growth stock volatility and the differences in outcomes that result from the manager's judgment.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of August 18, 2026.
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