Category Review
Index option income was not one bet this year
Neuberger Berman China Equity ETF
$36.100.00 (0.00%)
- 5.01%
- $17M
- +15.3%
- 1.23%
- 0M sh
- $36.53
- low $31.49high $45.93
The ETF.net NBCE Grade
C
Score 44 out of 100
- 22 of 30
Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 30 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.A77 out of 100Rank 12 of 22Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A75 out of 100Rank 2 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 22 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 7 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 23 of 30
Our read on NBCE
CA stock-picker's China fund: roughly 70 names spanning mainland A-shares, Hong Kong listings and ADRs, filtered through Neuberger Berman's own ESG ratings and measured against the MSCI China All Shares Index.
The Fund seeks long-term capital growth and normally invests at least 80% of net assets in equity investments economically tied to China, primarily China A-shares, Chinese securities listed in Hong Kong, and ADRs.
Why people hold it
- Reaches across the whole China market: mainland A-shares plus Hong Kong listings and ADRs, so onshore domestic names sit alongside the offshore giants many China ETFs stop at.
- Roughly 70 holdings, not hundreds. A concentrated book where individual picks carry real weight, rather than a thin slice of a sprawling benchmark.
- Runs an in-house screen: Neuberger Berman's own ESG ratings methodology shapes the universe instead of buying the index whole.
- The portfolio stays on-mandate, with at least 80% of net assets in equities economically tied to China, as the prospectus spells out.
Worth knowing
- Cost is the headline trade-off: an expense ratio just above 5%, next to 0.19% for FLCH and 0.59% for MCHI on the same shelf.
- Small and thinly traded next to the big China trackers, which tends to mean wider spreads and more attention needed on how you place an order.
- One country, one policy regime. Chinese regulation, currency and mainland access rules drive the ride, and the fund has only been trading since 2023.
NBCE Holdings
- Stocks
- 74
- 94%
- Yuan Renminbi Offshore
Sectors
- Technology38.6%
- Financials17.9%
- Industrials11.5%
- Materials9.1%
- Health Care6.6%
- Consumer Discretionary5.4%
- Consumer Staples5.2%
- Utilities2.2%
- Energy2.0%
- Communication1.0%
- Real Estate0.5%
Geography
- China95.15%
- Hong Kong3.06%
- Switzerland1.14%
- Taiwan0.64%
Developed 4% · Emerging 96%
NBCE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NBCE$11,535
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NBCE |
|---|---|
| Year to date | +7.8% |
| 1 month | −5.9% |
| 3 months | −12.4% |
| 1 year | +15.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NBCE |
|---|---|---|
| 2026 YTD | +7.8% | |
| 2025 | +39.1% | |
| 2024 | +3.4% | |
| 2023 | −2.3% |
NBCE in the news
NBCE Dividends
- 1.23%
- $0.44
- $0.44 per share
- Irregular
Distribution history
NBCE Risk
- 23.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.61
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −28.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NBCE Cost
5.01%
NBCE5.01%
- The middle half of China funds
- Median 0.65%
Every other China fund charges less.
Other funds in China
- CCHIQGlobal X - MSCI China Consumer Discretionary ETFExpense ratio 0.65%1 year return −26.6%
- CKWEBKraneShares CSI China Internet ETFExpense ratio 0.69%1 year return −31.7%
- CCCPXCorgi ETF Trust I - Corgi China 2x Daily ETFExpense ratio 0.45%1 year return —
- CKCAIKraneShares China Alpha Index ETFExpense ratio 0.79%1 year return +21.8%
- DCASSimplify China A Shares PLUS Income ETFExpense ratio 0.88%1 year return +11.5%