(NBOS) Neuberger Berman Trust - Ratings and Ratios

The Neuberger Berman ETF Trust (NYSE ARCA: NBOS) employs a distinct investment strategy centered on writing collateralized put options on U.S. indices, with a primary focus on the S&P 500® Index and other indices within the S&P 500® suite. Additionally, the fund writes put options on ETFs. When the fund writes (sells) a put option, the total notional exposure of the options written is generally equal to 100% of the funds total assets. This approach is designed to generate income while maintaining exposure to the underlying indices, leveraging the funds collateral to secure the options written.

The fund operates in the Equity Hedged category, offering a unique risk-adjusted return profile. By writing put options, the fund aims to capitalize on the premiums received from option buyers, effectively monetizing the volatility of the underlying indices. The strategy is collateralized, meaning the fund holds assets to cover potential obligations arising from the options written. This approach is typically employed to generate consistent income while maintaining a defensive posture in volatile markets.

As of the latest data, the fund has approximately $450.48 million in assets under management (AUM), indicating a moderate scale of operations. The average daily trading volume of 141,968 shares suggests reasonable liquidity for investors. The funds current price of $26.21 is slightly below its 20-day and 50-day simple moving averages (SMAs) of $26.60 and $26.36, respectively, but above its 200-day SMA of $25.37. The Average True Range (ATR) of 0.25 reflects relatively low volatility in recent trading activity.