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Launched

Neuberger Berman China Equity ETF

NBCENYSE ArcaNeuberger BermanC

$33.16+0.64 (+1.95%)

As of Nov 2, 2026, 10:41 AM ET

C44/ 100

Rank 21 of 30 in China

C44/100Rank 21 of 30inChina
Intraday session: up, 9 prints from 32.52 to 33.16. Range 32.52 to 33.16. Use the arrow keys to read each point.32.6032.7032.8032.9033.0010 AM12 PM2 PM4 PM
Expense ratio
5.01%
Fund size
$15M
1Y total return
−1.2%
Yield · Last 12 months
1.36%
Holdings
73
Avg volume · 30D
688 sh
52W range
low $31.49high $45.93
Launched

The ETF.net NBCE Grade

C

Score 44 out of 100

Category
China⁠
Rank
21 of 30
Six-pillar profile for NBCE. Scores out of 100: Cost 0, Risk 73, Mission 77, Tradability 33, Holdings 78, Durability 38. Strongest: Holdings (78). Weakest: Cost (0). No single pillar leads.

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 100
    Rank 30 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 12 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A73 out of 100
    Rank 4 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 23 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 5 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D38 out of 100
    Rank 21 of 30

Our read on NBCE

ETF.net Research

In short

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

  • 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 Performance

Launched Oct 16, 2023

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.
NBCE$9,877
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NBCE $9,877. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−2.9%
1 month−12.5%
3 months−16.1%
1 year−1.2%
3 yearsper year+11.7%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−2.9%
2025+39.1%
2024+3.4%
2023−2.3%

Since listing, Oct 16, 2023

NBCE in the news

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 Oct 30, 2026.
1.36%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

$10,000 in NBCE 3 years ago paid $303 in dividends.

NBCE Risk

Risk pillarA73 out of 100Rank 4 of 30 in China
How much the fund’s monthly returns vary, scaled to a year.
24.2%
Annualised · 36 months to Oct 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.
0.39
vs 3-month T-bills · to Oct 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.
−28.8%
36 months · trough Oct 2026
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.

FMP measures it over up to five years of monthly returns.

NBCE Cost

Compare NBCE and FLCH

Overpaying vs FLCH, cheapest in China

$54,110

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NBCE 5.01%

    $58,062

  • FLCH 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • NBCE 5.01%
  • FLCH 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$20K$40K$60K051015202530NBCE $58,062FLCH $3,952

Year by year

YearNBCEFLCHOverpaying
10$7,494$347$7,147
20$23,866$1,351$22,515
30$58,062$3,952$54,110

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