NBCE: NEUBERGER BERMAN CHINA EQUITY ETF
What this ETF is trying to do
The NEUBERGER BERMAN CHINA EQUITY ETF (ticker: NBCE) is an exchange-traded fund that focuses on investments related to China. Based on its top holdings, a large portion of the fund is held in Yuan Renminbi Offshore assets.
What the numbers show
The current price for one share of NBCE is $37.12. An estimated price from roughly one year ago was about $33.64.
When looking at how much money the ETF made, it is important to look at two different numbers:
• Price Return: This measures only the change in the share price. Over the last year, the price return was 10.34%.
• Total Return: This measures the share-price change plus any cash distributions paid to investors. Over the last year, the total return was 11.83%.
So far this year (Year-to-Date), both the price return and the total return are 10.85%. To visualize the price change, if you had $10,000 invested in just the share price one year ago, it would be worth approximately $11,034 today based on the 10.34% price return.
Top Holdings:
• YUAN RENMINBI OFFSHORE (64.16%)
• SSC GOVERNMENT MM GVMXX (4.04%)
• MONTAGE TECHNOLOGY CO LTD CLASS A (3.34%)
• CAMBRICON TECHNOLOGIES CORP LTD CLASS A (3.16%)
• CHINA MERCHANTS BANK CO LTD CLASS A (2.87%)
• KWEICHOW MOUTAI CO LTD CLASS A (2.84%)
• ZHONGJI INNOLIGHT CO LTD CLASS A (2.55%)
• LENOVO GROUP LTD (2.17%)
• CHINA YANGTZE POWER CO LTD CLASS A (2.03%)
• MIDEA GROUP CO LTD CLASS A (2.00%)
*Note: Holdings can change over time.*
Income and distribution explanation
This ETF has a distribution yield of 1.19%. This means the fund pays out a small amount of cash relative to its price. These payments are described as "irregular," which means they do not happen on a regular, predictable schedule.
NAV erosion explanation
"NAV erosion" refers to a situation where an ETF's value declines over time. For this ETF, the data shows "No price erosion detected." The erosion-risk score is 100, and there is no severe erosion-risk flag.
Pros
• The ETF has shown positive price returns and total returns over the last year.
• There are no signs of price erosion detected in the current data.
Cons
• The distribution yield is relatively low at 1.19%.
• Cash distributions are irregular and do not happen frequently.
Beginner takeaway
When looking at an ETF like NBCE, remember that the share price and the total return are different. The price return tells you how the stock price moved, while the total return includes the extra cash paid out through distributions. Always look at both to see the full picture of how the investment performed.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | YUAN RENMINBI OFFSHORE | n/a | 64.16% |
| 2 | SSC GOVERNMENT MM GVMXX | n/a | 4.04% |
| 3 | n/a | n/a | 3.93% |
| 4 | MONTAGE TECHNOLOGY CO LTD CLASS A | n/a | 3.34% |
| 5 | CAMBRICON TECHNOLOGIES CORP LTD CLASS A | n/a | 3.16% |
| 6 | n/a | n/a | 3.05% |
| 7 | CHINA MERCHANTS BANK CO LTD CLASS A | n/a | 2.87% |
| 8 | KWEICHOW MOUTAI CO LTD CLASS A | n/a | 2.84% |
| 9 | ZHONGJI INNOLIGHT CO LTD CLASS A | n/a | 2.55% |
| 10 | n/a | n/a | 2.48% |