Neuberger Commodity Strategy ETF NBCM
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Net expense ratio
- 0.65%
- Net assets
- $424.8M
- Holdings
- 209
- 12-month distribution yield
- 6.04%
- Asset class
- Derivatives-based
Neuberger Commodity Strategy ETF (NBCM) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Neuberger Berman. Its category is Derivatives-based. Its last price was US$31.65 on 20 Oct 2026. Its net expense ratio is 0.65% a year, from its prospectus dated 18 Dec 2025. It reported net assets of US$424.76 million as of 31 May 2026. Its latest holdings report lists 209 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$1.91 a unit, a 12-month distribution yield of 6.04%, paid yearly.
Fees
- Total annual operating expenses (gross)
- 0.76%
- Net, after fee waivers or reimbursements
- 0.65%
- Management fee
- 0.59%
- Prospectus date
- 18 Dec 2025
- Filed with the SEC
- 2 Mar 2026
Size and reporting
- Net assets
- $424,758,002
- Total assets
- $425,061,798
- Holdings as of
- 31 May 2026
- Report made public
- 27 Jul 2026 (57 days after the month end)
Top holdings
Largest 25 of 209 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | United States Treasury U.S. Treasury Bills | US912797UN51 | 11.73% | $49.8M | Short-term investment vehicles (cash funds) | United States | USD |
| 2 | State Street Global Advisors State Street Institutional US Government Money Market Fund | US8574927062 | 10.98% | $46.6M | Short-term investment vehicles (cash funds) | United States | USD |
| 3 | US BANK NA CINCINNATI US Bank NA/Cincinnati OH | US90331HPQ01 | 1.92% | $8.2M | Debt | United States | USD |
| 4 | MORGAN STANLEY BANK NA | US61690U8C76 | 1.68% | $7.1M | Debt | United States | USD |
| 5 | MERCK & CO INC | US58933YCD58 | 1.59% | $6.8M | Debt | United States | USD |
| 6 | JPMORGAN CHASE & CO | US46647PEN24 | 1.54% | $6.5M | Debt | United States | USD |
| 7 | State Street Global Advisors State Street Institutional U.S. Government Money Market Fund | US8574927062 | 1.43% | $6.1M | Short-term investment vehicles (cash funds) | United States | USD |
| 8 | BANK OF AMERICA CORP | US06051GMN69 | 1.40% | $5.9M | Debt | United States | USD |
| 9 | BANK OF NY MELLON CORP Bank of New York Mellon Corp/The | US06406RCD70 | 1.37% | $5.8M | Debt | United States | USD |
| 10 | ENTERPRISE PRODUCTS OPER Enterprise Products Operating LLC | US29379VCE11 | 1.22% | $5.2M | Debt | United States | USD |
| 11 | ABBOTT LABORATORIES | US002824BY58 | 1.20% | $5.1M | Debt | United States | USD |
| 12 | VIRGINIA ELEC & POWER CO Virginia Electric and Power Co | US927804FX73 | 1.18% | $5.0M | Debt | United States | USD |
| 13 | TRUIST BANK | US89788JAG40 | 1.15% | $4.9M | Debt | United States | USD |
| 14 | VERIZON COMMUNICATIONS Verizon Communications Inc | US92343VDY74 | 1.13% | $4.8M | Debt | United States | USD |
| 15 | CITIGROUP INC | US172967PY19 | 1.11% | $4.7M | Debt | United States | USD |
| 16 | T-MOBILE USA INC | US87264ABD63 | 1.10% | $4.7M | Debt | United States | USD |
| 17 | WELLS FARGO & COMPANY | US95000U3M30 | 1.09% | $4.6M | Debt | United States | USD |
| 18 | AMAZON.COM INC | US023135DA13 | 1.01% | $4.3M | Debt | United States | USD |
| 19 | GOLDMAN SACHS GROUP INC Goldman Sachs Group Inc/The | US38141GZS64 | 0.95% | $4.0M | Debt | United States | USD |
| 20 | AMERICAN EXPRESS CO | US025816DQ99 | 0.90% | $3.8M | Debt | United States | USD |
| 21 | PNC BANK NA | US69353RGA05 | 0.89% | $3.8M | Debt | United States | USD |
| 22 | DUKE ENERGY FLORIDA LLC | US26444HAC51 | 0.82% | $3.5M | Debt | United States | USD |
| 23 | AT&T INC | US00206RHW51 | 0.82% | $3.5M | Debt | United States | USD |
| 24 | STATE STREET CORP | US857477CQ47 | 0.81% | $3.4M | Debt | United States | USD |
| 25 | CVS HEALTH CORP | US126650DH04 | 0.81% | $3.4M | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Warning: Uses derivatives
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 52.08% | |
| Short-term investment vehicles (cash funds) | 24.14% | |
| Other asset-backed securities | 15.44% | |
| Commodity derivatives | 0.57% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 88.31% | |
| Canada | 0.77% | |
| France | 0.76% | |
| United Kingdom | 0.67% | |
| Singapore | 0.66% | |
| Netherlands | 0.59% | |
| Finland | 0.43% | |
| Germany | 0.02% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 92.00% | |
| Euro (EUR) | 0.12% | |
| British pound (GBP) | 0.09% | |
| Canadian dollar (CAD) | 0.01% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.9130
- 12-month yield
- 6.04%
- Frequency
- Yearly
- Latest ex-date
- 19 Dec 2025
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.9130) ÷ latest price ($31.65) × 100 = 6.04%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (4 payments)
| Ex-date | Amount per unit |
|---|---|
| 19 Dec 2025 | $1.9130 |
| 18 Dec 2024 | $1.0920 |
| 19 Dec 2023 | $0.9040 |
| 16 Dec 2022 | $0.1840 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000077468) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
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- NBCM and BBJP JPMorgan BetaBuilders Japan ETF
- NBCM and QLD ProShares Ultra QQQ