BNDI Profile
The
BNDI ETF is the Neuberger Berman Active Intermediate Duration ETF,
which seeks to provide current income and total return. The fund
invests in a variety of fixed income securities, including
investment-grade corporate bonds, U.S. government securities,
asset-backed securities, and mortgage-backed securities. It is
actively managed, meaning that the portfolio managers have discretion
over security selection and allocation.
The ETF aims to
maintain an average portfolio duration between three and seven years.
The expense ratio for BNDI is 0.35%. As of March 24, 2023, the fund
has approximately $1.25 billion in assets under
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