Key stats
About Neuberger Berman Option Strategy ETF
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Inception date
Jan 29, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Neuberger Berman Investment Advisers LLC
Distributor
Neuberger Berman BD LLC (Investment Management)
ISIN
US64135A7054
NBOS aims to generate income while mitigating volatility by utilizing a fully cash-secured putwrite strategy. The fund sells collateralized put options on US indices, including the S&P 500 and related indices or ETFs, typically held to expiration. To select options, the fund manager considers estimates of volatility levels, valuations, and market risks. The fund aims for about 100% aggregate options exposure that will not exceed 125% at any given time. To partially offset liabilities, the fund invests the premium earned from options writing in short-term investment grade fixed income securities, money market funds, and ETFs. The fund may also buy and sell covered and uncovered call options on securities and indices. It may also purchase puts and put spreads on indices. On Jan. 29, 2024, the fund converted from a mutual fund to an actively managed ETF structure, starting with $479 million in net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government92.97%
Cash8.04%
Rights & Warrants−1.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NBOS top holdings are United States Treasury Notes 4.625% 15-SEP-2026 and United States Treasury Notes 4.375% 15-DEC-2026, occupying 14.34% and 13.94% of the portfolio correspondingly.
NBOS last dividends amounted to 0.17 USD. The month before, the issuer paid 0.17 USD in dividends, which shows a 2.83% increase.
NBOS assets under management is 436.58 M USD. It's fallen 0.60% over the last month.
NBOS fund flows account for −9.74 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, NBOS pays dividends to its holders with the dividend yield of 4.43%. The last dividend (Aug 29, 2025) amounted to 0.17 USD. The dividends are paid monthly.
NBOS shares are issued by NBSH Acquisition LLC under the brand Neuberger Berman. The ETF was launched on Jan 29, 2024, and its management style is Active.
NBOS expense ratio is 0.56% meaning you'd have to pay 0.56% of your investment to help manage the fund.
NBOS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NBOS invests in bonds.
NBOS price has risen by 1.38% over the last month, and its yearly performance shows a 1.19% increase. See more dynamics on NBOS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.42% over the last month, showed a 5.30% increase in three-month performance and has increased by 5.89% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.42% over the last month, showed a 5.30% increase in three-month performance and has increased by 5.89% in a year.
NBOS trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.