NEOS Enhanced Income Aggregate Bond ETF (BNDI)

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%.