NEUBERGER EXPANDS ACTIVELY MANAGED ETF LINEUP WITH EMERGING MARKETS DEBT HARD CURRENCY ETF

NEW YORK, Aug. 14, 2025 /PRNewswire/ -- Neuberger Berman ("Neuberger"), a private, independent, employee-owned investment manager, announced the successful conversion of the Neuberger Berman Emerging Markets Debt Fund into an active, fully transparent ETF: Neuberger Berman Emerging Markets Debt Hard Currency ETF (the "ETF"). The ETF, which began trading Monday on the NYSE ARCA under the symbol "NEMD," has approximately $102 million in assets following the conversion.

In discussing the conversion, Gorky Urquieta, Managing Director and Global Co-Head of Emerging Markets Debt, said, "We are delighted to bring our longstanding expertise and track record of investing in Emerging Markets Debt to an active ETF vehicle catering to U.S. investors. Designed to invest in hard currency-denominated emerging markets (EM) sovereign debt, we believe the ETF is attractively positioned to capture the yield and diversification potential associated with the asset class."

The new ETF aims to provide a competitive yield and benchmark outperformance over time within the EM hard currency investment universe. The ETF will primarily invest in debt securities issued by EM governments and denominated in globally traded currencies of industrialized countries, including the U.S. dollar, euro or any currency of a nation in the G-7, with opportunistic exposure to corporates of EM countries.

• Multiple Potential Alpha Sources
  Longstanding bottom-up and top-down approach led by an experienced, stable, and well-resourced global investment team

• Hard Currency Approach
  Offers access to EM hard currency debt with targeted derivatives use and moderate portfolio turnover

• Robust Research Process
  Proprietary coverage of 90+ EM countries and 500+ EM corporate issuers

Neuberger continually assesses where the firm's investment expertise intersects with client demand for an ETF vehicle. Neuberger's Active ETF offerings are supported by a rigorous, research-based approach to active management. Neuberger's team of investment professionals bring together deep market expertise, innovative data science capabilities, and strong corporate engagement tools to manage these investment solutions.

Neuberger's actively managed ETFs include equities, fixed income, liquid alternatives and real assets.

About Neuberger

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of June 30, 2025.

Media Contacts:
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Soogyung Jordan, [email protected]

An investor should consider Neuberger Berman Emerging Markets Debt Hard Currency ETF's (the "Fund") investment objectives, risks, fees and expenses carefully before investing. This and other important information can be found in the Fund's prospectus or summary prospectus, which you can obtain by calling 877.628.2583. Please read the prospectus or summary prospectus carefully before making an investment. All ETF products are subject to risk, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions, including adverse issuer, political, regulatory, market, economic or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment. An individual security may be more volatile, and may perform differently, than the market as a whole.

Unlike mutual funds, ETF shares are purchased and sold in secondary market transactions at negotiated market prices rather than at net asset value ("NAV") and as such ETFs may trade at a premium or discount to their NAV. As a result, shareholders of the Fund may pay more than NAV when purchasing shares and receive less than NAV when selling Fund shares. ETF shares may only be redeemed at NAV by authorized participants in large creation units. There can be no guarantee that an active trading market for shares will develop or be maintained or that the Fund's shares will continue to be listed. The trading of shares may incur brokerage commissions. The Fund has a limited number of Authorized Participants. To the extent they exit the business or are otherwise unable to proceed in creation and redemption transactions with the Fund and no other Authorized Participant is able to step forward to create or redeem, shares of the Fund may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting.

Unexpected episodes of illiquidity, including due to market factors, instrument or issuer-specific factors and/or unanticipated outflows, could have a significant negative impact on the Fund's NAV, liquidity, and brokerage costs. To the extent the Fund's investments trade in markets that are closed when the Fund is open, premiums or discounts to NAV may develop in share prices.

Shares in the Fund may fluctuate, sometimes significantly, based on interest rates, market conditions, credit quality and other factors. Generally, bond values will decline as interest rates rise. Typically, the longer the maturity or duration of a debt security, the greater the effect a change in interest rates could have on the security's price. The market's behavior is unpredictable and there can be no guarantee that the Fund will achieve its goal.

Lower rated debt securities (also known as "junk bonds") involve greater risks and may fluctuate more widely in price and yield, and carry a greater risk of default, than investment grade debt securities. They may fall in price during times when the economy is weak or is expected to become weak.

Foreign securities, including those issued by foreign governments, involve risks in addition to those associated with comparable U.S. securities. Additional risks include exposure to less developed or less efficient trading markets; social, political, diplomatic, or economic instability; trade barriers and other protectionist trade policies (including those of the U.S.); imposition of economic sanctions against a particular country or countries, organizations, companies, entities and/or individuals; significant government involvement in an economy and/or market structure; fluctuations in foreign currencies or currency redenomination; potential for default on sovereign debt; nationalization or expropriation of assets; settlement, custodial or other operational risks; higher transaction costs; confiscatory withholding or other taxes; and less stringent auditing, corporate disclosure, governance, and legal standards. These risks may be more pronounced for emerging market securities and frontier market securities, which involve additional risks and may be more volatile and less liquid than foreign securities tied to more developed economies. Frontier markets, which are foreign countries in the earliest stages of development, involve risks in addition to and greater than foreign and emerging markets. Frontier market securities are subject to extreme volatility and extended periods of illiquidity. In addition, the currencies of frontier market countries may exhibit erratic movements.

Sovereign debt securities are subject to the risk that a governmental entity may delay or refuse to pay interest or repay principal on its sovereign debt, due, for example, to cash flow problems, insufficient foreign currency reserves, political considerations, the relative size of the governmental entity's debt position in relation to the economy, its policy toward international lenders or the failure to put in place economic reforms required by multilateral agencies. If a governmental entity defaults, it may ask for more time in which to pay or for further loans.

Non-U.S. currency forward contracts, options, swaps, or other derivatives contracts on non-U.S. currencies involve a risk of loss if currency exchange rates move against the Fund. Forward contracts are not guaranteed by an exchange or clearinghouse and a default by the counterparty may result in a loss to the Fund.

Leverage amplifies changes in the Fund's net asset value. Derivative instruments that the Fund uses can create leverage and can result in losses to the Fund that exceed the amount originally invested. Derivatives can be highly complex, can create investment leverage and may be highly volatile, and the Fund could lose more than the amount it invests. Derivatives may be difficult to value and may at times be highly illiquid, and the Fund may not be able to close out or sell a derivative position at a particular time or at an anticipated price. The Fund's investments in derivatives create counterparty risk.

These and other risks are discussed in more detail in the Fund's prospectus. Please refer to the Fund's prospectus for a complete discussion of the Fund's principal risks.

This material is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions and the appropriateness of this material should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC. The individual fund names in this piece are either service marks or registered service marks of Neuberger Berman Group LLC or Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, member FINRA.

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