NBCE ETF — Holdings & Analysis
The Neuberger Berman China Equity ETF (NBCE) is a concentrated equity ETF with $0.01 billion in assets under management. Launched in October 2023, NBCE focuses on high-quality, onshore China A-Share companies, aiming to align with the values of many U.S.
investors. With an expense ratio of 7.22%, NBCE offers exposure to the Chinese equity market through a portfolio of 65 holdings, emphasizing companies broadly consistent with U.S. investor values.
Neuberger Berman China Equity ETF (NBCE) ETF — Price, Holdings & Analysis
ETF Overview
Risk Metrics
Expense Ratio
What does NBCE hold?
How Is the Fund Allocated?
| Sector | Weight |
|---|---|
| Technology | 25.3% |
| Industrials | 17.3% |
| Financial Services | 16.5% |
| Basic Materials | 14.6% |
| Consumer Cyclical | 7.9% |
| Consumer Defensive | 6.3% |
| Healthcare | 5.4% |
| Energy | 3.9% |
| Utilities | 1.6% |
| Real Estate | 0.6% |
| Communication Services | 0.6% |
| Country | Weight |
|---|---|
| China | 92.8% |
| Hong Kong | 2.9% |
| Other | 2.6% |
| Taiwan | 1.1% |
| Switzerland | 0.7% |
Dividend Yield
- Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
- State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
- State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
- State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
- iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
- State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
- iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
- iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
- Neuberger Berman Core Equity ETF (NBCR) (Equity) — 0.88% expense ratio
Risk Metrics
- Beta: 1.08
Questions & Answers
What is NBCE and what does it track?
The Neuberger Berman China Equity ETF (NBCE) is an equity ETF that focuses on providing exposure to high-quality, onshore China A-Share companies. It aims to invest in companies that align with the values of many U.S. investors.
Launched in October 2023, NBCE has approximately $0.01 billion in assets under management and holds a concentrated portfolio of 65 stocks.
What is the expense ratio for NBCE?
The Neuberger Berman China Equity ETF (NBCE) has an expense ratio of 7.22%. This is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%.
The high expense ratio can create a substantial drag on the fund's performance over time, as it represents the annual cost of managing the fund's assets.
What are the top holdings in NBCE?
The top holdings in the Neuberger Berman China Equity ETF (NBCE) include Contemporary Amperex Technology Co Ltd Class A (3.52%), China Merchants Bank Co Ltd Class A (3.29%), Montage Technology Co Ltd Class A (3.07%), Sieyuan Electric Co Ltd Class…
A (2.77%), and Kweichow Moutai Co Ltd Class A (2.75%).
Is NBCE a good long-term investment?
Evaluating NBCE as a long-term investment requires careful consideration of its strategy, risk profile, and cost. The ETF offers targeted exposure to Chinese A-shares, which may appeal to investors seeking specific access to that market.
However, the high expense ratio of 7.22% can significantly impact long-term returns. Additionally, the concentrated portfolio and sector allocations introduce specific risks.
How does NBCE compare to similar ETFs?
NBCE differentiates itself with its focus on high-quality, onshore China A-Share companies and alignment with U.S. investor values. However, its expense ratio of 7.22% is substantially higher than many competing China-focused ETFs.
While some competitors may offer broader exposure or different sector allocations, NBCE's concentrated approach and specific investment criteria set it apart.
Does NBCE pay dividends?
According to the latest data, the Neuberger Berman China Equity ETF (NBCE) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.
Investors seeking dividend income may need to consider other ETFs with a history of dividend payments. The fund's focus is primarily on capital appreciation through investments in Chinese equities, rather than generating income through dividends.