NCEIX: Neuberger Berman Greater China Eq Instl

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NCEIX Neuberger Berman Greater China Eq Instl


Profile

NCEIX - Profile

Vitals

  • YTD Return 10.4%
  • 3 Yr Annualized Return -10.7%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $56.8 M
  • Holdings in Top 10 51.8%

52 WEEK LOW AND HIGH

$11.53
$8.43
$11.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.84%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 46.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 20, 2017
  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style China Region

Distributions

  • YTD Total Return 10.4%
  • 3 Yr Annualized Total Return -7.4%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Neuberger Berman Greater China Equity Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Jul 17, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Lihui Tang

Fund Description

The fund invests at least 80% of its net assets in equity investments that are tied economically to the Greater China region. Its equity investments primarily will consist of investments in equity securities, including common stock, preferred stock, and depositary receipts. The fund may invest in companies of any market capitalization, but the advisor intends to invest generally in mid- and large-capitalization companies. It is non-diversified.


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Categories

Performance

NCEIX - Performance

Return Ranking - Trailing

Period NCEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -60.4% 64.2% 81.25%
1 Yr 20.7% -73.3% 77.0% 66.13%
3 Yr -10.7%* -33.9% 21.9% 92.31%
5 Yr -0.4%* -24.2% 19.5% 77.55%
10 Yr N/A* -10.3% 7.1% N/A

* Annualized

Return Ranking - Calendar

Period NCEIX Return Category Return Low Category Return High Rank in Category (%)
2019 31.8% -26.0% 36.1% 24.59%
2018 -50.4% -52.1% -12.2% 96.23%
2017 48.5% 18.8% 58.1% 30.61%
2016 -4.3% -16.0% 4.0% 59.18%
2015 -11.4% -34.4% 3.1% 69.39%

Total Return Ranking - Trailing

Period NCEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -60.4% 64.2% 81.25%
1 Yr 20.7% -73.3% 77.0% 66.13%
3 Yr -7.4%* -30.0% 25.3% 92.31%
5 Yr 4.5%* -20.4% 24.7% 73.47%
10 Yr N/A* -7.2% 10.9% N/A

* Annualized

Total Return Ranking - Calendar

Period NCEIX Return Category Return Low Category Return High Rank in Category (%)
2019 31.8% -26.0% 36.1% 24.59%
2018 -50.4% -52.1% -9.6% 96.23%
2017 65.8% 18.9% 65.8% 2.04%
2016 -3.8% -11.5% 5.9% 59.18%
2015 0.6% -34.4% 9.7% 30.61%

NAV & Total Return History


Holdings

NCEIX - Holdings

Concentration Analysis

NCEIX Category Low Category High NCEIX % Rank
Net Assets 56.8 M 1.25 M 1.62 B 59.46%
Number of Holdings 36 30 135 85.14%
Net Assets in Top 10 26.2 M 718 K 756 M 58.11%
Weighting of Top 10 51.77% 25.4% 68.9% 48.65%

Top 10 Holdings

  1. Tencent Holdings Ltd 9.92%
  2. Alibaba Group Holding Ltd Ordinary Shares 9.34%
  3. Weichai Power Co Ltd Class H 5.00%
  4. Gree Electric Appliances Inc of Zhuhai 4.88%
  5. China Resources Land Ltd 4.22%
  6. China National Building Material Co Ltd Class H 3.95%
  7. Inner Mongolia Yili Industrial Group Co Ltd 3.90%
  8. New Oriental Education & Technology Group Inc ADR 3.64%
  9. Ping An Insurance (Group) Co. of China Ltd Class H 3.57%
  10. CSPC Pharmaceutical Group Ltd 3.35%

Asset Allocation

Weighting Return Low Return High NCEIX % Rank
Stocks
95.44% 83.39% 101.87% 89.19%
Cash
4.56% -1.87% 16.68% 12.16%
Preferred Stocks
0.00% 0.00% 0.00% 29.73%
Other
0.00% -0.07% 0.46% 35.14%
Convertible Bonds
0.00% 0.00% 0.00% 29.73%
Bonds
0.00% 0.00% 0.00% 29.73%

Expenses

NCEIX - Expenses

Operational Fees

NCEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.84% 0.82% 18.03% 46.88%
Management Fee 1.25% 0.66% 1.50% 94.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.05% 0.26% 37.50%

Sales Fees

NCEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NCEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NCEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 344.00% 45.31%

Distributions

NCEIX - Distributions

Dividend Yield Analysis

NCEIX Category Low Category High NCEIX % Rank
Dividend Yield 0.00% 0.00% 9.93% 36.49%

Dividend Distribution Analysis

NCEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

NCEIX Category Low Category High NCEIX % Rank
Net Income Ratio 0.85% -1.16% 3.64% 40.91%

Capital Gain Distribution Analysis

NCEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NCEIX - Fund Manager Analysis

Managers

Lihui Tang


Start Date

Tenure

Tenure Rank

Jul 17, 2013

7.13

7.1%

Lihui Tang, CFA, is a Partner and Portfolio Manager at Green Court. Prior to this, he was a Managing Director at Neuberger Berman and Portfolio Manager for the Neuberger Berman Greater China Investment Team, originally joining Neuberger Berman in 2008. Based in Hong Kong, Lihui is the Portfolio Manager for the Greater China Equity Team. Previously, he was a senior vice president at Avenue Capital, where he was a portfolio manager for the Avenue Greater China Equity Funds team. Prior to that, he was a portfolio manager and deputy head of research at Hua An Fund Management, where he managed two active funds. These funds received numerous awards from Morningstar, Lipper and Chinese publications. Before joining Hua An, he was a research analyst with SYWG Securities in Shanghai, responsible for the pharmaceutical sector. Prior to that, he was also a research analyst with Da Peng Securities in the real estate and building materials industries. Lihui received a BS in Engineering at Shanghai Jiao Tong University and an MS in Economics from Tongji University. He also has been awarded the Chartered Financial Analyst designation.

Yulin (Frank) Yao


Start Date

Tenure

Tenure Rank

Jul 17, 2013

7.13

7.1%

Yulin (Frank) Yao, is a Managing Partner and Senior Portfolio Manager at Green Court. Prior to founding the firm, he was a Managing Director at Neuberger Berman and Senior Portfolio Manager for the Neuberger Berman Greater China Investment Team, originally joining Neuberger Berman in 2008. Previously, he was a Managing Director and Senior Portfolio Manager at Avenue Capital where he was responsible for directing the investment activities of the Avenue Greater China Equity Funds. From 2004 to 2007, he was an Executive Vice President and Chief Investment Officer at Hua An Fund Management. Under his leadership, the firm received the Best of Best Awards for China Equity (1-year and 3-year) from Asia Asset Management, a Hong Kong-based independent research firm. Before joining Hua An, he was with Berens Capital, a New York-based hedge fund investment firm, where he was responsible for portfolio construction, quantitative analysis and risk management. Previously, Frank developed and managed a quantitative equity portfolio at Alpha Asset Management, conducted global asset allocation and risk management at Goldman Sachs and helped build the mortgage-backed securities analytics for Dow Jones (formerly Telerate), all in the United States. Frank is a member of the Standing Committee of Chinese People's Political Consultative Conference (CCPCC) in Shanghai Pudong. He sits on the QDII Expert Committee for China Securities Regulatory Commission (CSRC) and was a member of the Financial Market Expert Group for PBOC (China’s central bank) from 2005–2007. Frank received a BS at Fudan University, an MS at the Georgia Institute of Technology and an MBA in Finance from the Stern School of Business at New York University, where he was honored as a Stern Scholar. Frank also conducted a PhD study in Engineering at Columbia University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 26.57 3.78 11.67