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NBCE

GradeCNew York Stock Exchange Arca

Neuberger Berman China Equity ETF

Countries & Regions · Neuberger Berman · Inception 2023-10-16

$39.33+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Oct 16, 2023.
Intraday session: up, 5 prints from 38.50 to 39.33. Range 38.50 to 39.37. Use the arrow keys to read each point.$38.40$38.80$39.20Sep 17Sep 18Sep 22Sep 23
Expense ratio
5.01%
Fund size
$18M
1Y return
+23.3%
Yield · Last 12 months
1.13%
Holdings
70
Volume · 30D
0M sh
NAV per share
$39.31
52W range
low $31.49high $45.93

The ETF.net NBCE Grade

C

43/ 100

Rank 22 of 30 in China⁠

Confidence High

Six-pillar profile for NBCE. Scores out of 100: Cost 0, Risk 75, Mission 79, Tradability 27, Holdings 70, Durability 35. Strongest: Mission (79). Weakest: Cost (0). Leans toward Mission and Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank30/30 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 79
    Category rank12/22 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 75
    Category rank3/30 · top 10%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 27
    Category rank23/30 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank8/28 · top 29%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 35
    Category rank24/30 · bottom quartile

Graded as of Sep 22, 2026

Our read on NBCE

ETF.net Research

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.

Stated mandate

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

  1. 01Reaches 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.
  2. 02Roughly 70 holdings, not hundreds. A concentrated book where individual picks carry real weight, rather than a thin slice of a sprawling benchmark.
  3. 03Runs an in-house screen: Neuberger Berman's own ESG ratings methodology shapes the universe instead of buying the index whole.
  4. 04The portfolio stays on-mandate, with at least 80% of net assets in equities economically tied to China, as the prospectus spells out.

Worth knowing

  1. 01Cost 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.
  2. 02Small 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.
  3. 03One 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

As of Sep 21, 2026, 5:20 PM
Asset class
Stocks
Holdings
70
Top-10 weight
91%
Largest holding
YUAN RENMINBI OFFSHORE61.8%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—YUAN RENMINBI OFFSHORE61.81%74,379,358$11M10
002—SSC GOVERNMENT MM GVMXX4.33%778,036$778K8
003300750.SZCONTEMPORARY AMPEREX TECHN A COMMON STOCK CNY1.03.69%14,720$664K107
004688008.SSMONTAGE TECHNOLOGY CO LTD A COMMON STOCK CNY1.03.55%21,088$638K66
005688256.SSCAMBRICON TECHNOLOGIES A COMMON STOCK CNY1.03.22%3,476$578K68
006002475.SZLUXSHARE PRECISION INDUSTR A COMMON STOCK CNY1.03.15%70,100$566K66
007600036.SSCHINA MERCHANTS BANK A COMMON STOCK CNY1.02.79%82,700$501K55
008600519.SSKWEICHOW MOUTAI CO LTD A COMMON STOCK CNY1.02.77%2,648$497K74
009300308.SZZHONGJI INNOLIGHT CO LTD A COMMON STOCK CNY1.02.69%3,500$484K93
0100992.HKLENOVO GROUP LTD COMMON STOCK2.57%96,300$461K115
011300408.SZCHAOZHOU THREE CIRCLE GROU A COMMON STOCK CNY1.02.54%23,300$456K63
012601318.SSPING AN INSURANCE GROUP CO A COMMON STOCK CNY1.02.34%52,700$420K57
013601398.SSIND + COMM BK OF CHINA A COMMON STOCK CNY1.02.18%324,700$391K59
014000338.SZWEICHAI POWER CO LTD A COMMON STOCK CNY1.02.01%88,700$361K57
015600900.SSCHINA YANGTZE POWER CO LTD A COMMON STOCK CNY1.01.98%84,400$356K65

Showing 1–15 of 73 holdings

NBCE Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NBCE$12,333
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NBCE $12,333. SPY $11,723. Use the arrow keys to read each point.$9,148$11,923$14,698Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for NBCE. Periods over one year show the average yearly return.
PeriodNBCE
Year to date+17.4%
1 month−1.9%
3 months−13.8%
1 year+23.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NBCE
YearReturn barNBCE
2026 YTD+17.4%
2025+39.1%
2024+3.4%
2023−2.3%

Since listing, Oct 16, 2023

NBCE in the news

ETF.net Research hasn’t filed on NBCE yet — coverage lands here as it’s written.

NBCE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.13%Last 12 months
Payout per share
$0.44Last 12 months
Last payment
$0.44 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.29; Dec 19, 2025 $0.44. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 24, 2025$0.44
Dec 18, 2024Dec 23, 2024$0.29

NBCE Risk

How much the fund’s monthly returns vary, scaled to a year.
23.0%
Annualised · 34 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.73
vs 3-month T-bills · 34 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−28.4%
35 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
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

Expense ratio5.01%
  • The middle half of China funds
  • Median 0.65%

Every other China fund charges less.

NBCE costs $501.00 a year on $10,000. The median China fund costs $65.00.