Neuberger Option Strategy ETF (NBOS)

The Neuberger Option Strategy ETF is an actively managed fund from Neuberger, formerly Neuberger Berman, that seeks long-term growth with lower volatility than the equity market. It pursues this through an options-based approach on broad U.S. equity indexes.

The strategy centers on writing (selling) collateralized put and call options, with the fund's assets held largely in short-term U.S. Treasuries and other high-quality fixed income instruments as collateral. Option premiums are a primary source of return, while the written options limit participation in strong equity rallies. The fund trades on NYSE Arca.