NBCE Fees and Costs — Neuberger Berman China Equity ETF
Data updated: 2026-07-27
The net expense ratio is 0.75%: a 0.69% management fee plus 4.32% other expenses, less a 4.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.2645% of average net assets, and portfolio turnover was 130%.
NBCE Fees and Expenses
Annual operating expenses and sales charges of NBCE. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | — |
| Other expenses | 4.32% |
| Gross expense ratio | 5.01% |
| Fee waiver | −4.26% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
NBCE Costs Over Time
On $10,000 invested in NBCE, assuming 5% a year before costs, total costs come to $634 over 5 years, cutting the return by 1.07% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $426 |
| Trading costs (broker commissions) | $28 | $87 | $150 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $634 |
| Value after costs | $10,393 | $11,227 | $12,128 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
NBCE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2645%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $11.4M
- Portfolio turnover (prospectus): 130%
- Securities lending: none during the year
NBCE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CICC US Securities, Inc. | $6K | 38.81% |
| Huatai Financial Holdings (Hong Kong) Limited | $3K | 18.51% |
| Citigroup Global Markets Inc. | $3K | 15.97% |
| HSBC Securities (USA) Inc. | $1K | 7.24% |
| BNP Paribas Securities Corp. | $769 | 4.73% |
| Jefferies LLC | $695 | 4.28% |
| J.P. Morgan Securities LLC | $648 | 3.99% |
| CLSA Americas, LLC | $549 | 3.38% |
| UBS Securities LLC | $280 | 1.72% |
| Macquarie Capital (USA) Inc. | $222 | 1.37% |
NBCE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $11.4M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.