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Trending ETFs

Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.87

$296 M

0.99%

$0.21

1.70%

Vitals

YTD Return

19.7%

1 yr return

27.6%

3 Yr Avg Return

-2.0%

5 Yr Avg Return

2.7%

Net Assets

$296 M

Holdings in Top 10

33.7%

52 WEEK LOW AND HIGH

$21.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.70%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 47.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.87

$296 M

0.99%

$0.21

1.70%

NEMAX - Profile

Distributions

  • YTD Total Return 19.7%
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.03%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Neuberger Berman Emerging Markets Equity Fund
  • Fund Family Name
    Neuberger Berman
  • Inception Date
    Oct 08, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Conrad Saldanha

Fund Description

To pursue its goal, the Fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of issuers in emerging market countries. These include securities of companies (1) that are traded principally on a stock exchange or over-the-counter in emerging market countries, (2) that are organized under the laws of and/or have a principal office in emerging market countries, or (3) that derive 50% or more of their total revenues from, and/or have 50% or more of their total assets in, goods produced, sales made, profits generated or services performed in emerging market countries. The Fund considers emerging market countries to be countries included in the MSCI Emerging Markets Index.

The Portfolio Manager uses a bottom-up, research-driven securities selection approach focusing on businesses with a recent history of high returns while factoring in economic, legislative and business developments to identify countries and sectors that he believes may be particularly attractive. As part of his fundamental investment analysis the Portfolio Manager considers Environmental, Social and Governance (ESG) factors he believes are financially material to individual investments, where applicable, as described below. While this analysis is inherently subjective and may be informed by both internally generated and third-party metrics, data

and other information, the Portfolio Manager believes that the consideration of financially material ESG factors, alongside traditional financial metrics, may enhance the Fund’s overall investment process. The consideration of ESG factors does not apply to certain instruments, such as certain derivative instruments, other registered investment companies, cash and cash equivalents. The consideration of ESG factors as part of the investment process does not mean that the Fund pursues a specific “impact” or “sustainable” investment strategy.

The Portfolio Manager believes that in-depth, strategic and financial research is the key to identifying undervalued companies and seeks to identify companies with the following characteristics: stock prices undervalued relative to his view of long-term cash flow growth potential; industry leadership; potential for significant improvement in the company’s business; and/or strong financial characteristics, corporate governance practices, and management track record.

The Fund seeks to reduce risk by diversifying among many industries. At times, the Portfolio Manager may emphasize certain sectors that he believes will benefit from market or economic trends. Although the Fund has the flexibility to invest a significant portion of its assets in one country or region, it generally intends to invest across a broad range of countries and geographical regions.

The Fund may invest in companies of any market capitalization. Equity securities in which the Fund may invest include common and preferred stocks, convertible securities, rights and warrants to purchase common stock, depositary receipts and China A-shares using the “connect programs” of local stock exchanges in China, such as the Shanghai-Hong Kong Stock Connect Program, the Shenzhen-Hong Kong Stock Connect Program or other similar programs. The Fund may invest in exchange traded funds (“ETFs”). The Fund may also invest in foreign real estate companies.

The Fund may invest in restricted securities, including private placements, which are securities that are subject to legal restrictions on their sale and may not be sold to the public unless registered under the applicable securities law or pursuant to an applicable exemption. The Fund may also invest in private companies, including companies that have not yet issued securities publicly in an initial public offering.

The Portfolio Manager follows a disciplined selling strategy and may sell a security when it reaches a target price, if a company’s business fails to perform as expected, or when other opportunities appear more attractive.

The Fund will not change its strategy of normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of issuers in emerging market countries, without providing shareholders at least 60 days’ notice. This test is applied at the time the Fund invests; later percentage changes caused by a change in Fund assets, market values or company circumstances will not require the Fund to dispose of a holding.

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NEMAX - Performance

Return Ranking - Trailing

Period NEMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.7% -12.4% 33.1% 10.78%
1 Yr 27.6% -4.5% 45.9% 26.19%
3 Yr -2.0%* -12.3% 12.7% 58.02%
5 Yr 2.7%* -2.9% 13.1% 88.42%
10 Yr 2.9%* -2.5% 7.1% 72.15%

* Annualized

Return Ranking - Calendar

Period NEMAX Return Category Return Low Category Return High Rank in Category (%)
2023 3.1% -6.5% 35.5% 94.55%
2022 -24.2% -50.1% -2.4% 47.69%
2021 -4.3% -33.1% 22.5% 42.53%
2020 12.9% -22.1% 80.1% 65.97%
2019 16.8% -0.7% 42.0% 59.34%

Total Return Ranking - Trailing

Period NEMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.7% -12.4% 33.1% 10.78%
1 Yr 27.6% -4.5% 45.9% 26.19%
3 Yr -2.0%* -12.3% 12.7% 58.02%
5 Yr 2.7%* -2.9% 13.1% 88.42%
10 Yr 2.9%* -2.5% 7.1% 72.15%

* Annualized

Total Return Ranking - Calendar

Period NEMAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.4% -2.7% 42.0% 95.95%
2022 -24.1% -42.2% 1.9% 62.54%
2021 -3.6% -32.5% 33.1% 67.23%
2020 13.0% -20.0% 81.6% 73.00%
2019 18.7% 2.3% 42.0% 66.28%

NAV & Total Return History


NEMAX - Holdings

Concentration Analysis

NEMAX Category Low Category High NEMAX % Rank
Net Assets 296 M 682 K 103 B 60.39%
Number of Holdings 101 10 7534 50.77%
Net Assets in Top 10 89.3 M 290 K 23.8 B 60.81%
Weighting of Top 10 33.68% 2.9% 100.2% 56.84%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 9.09%
  2. Tencent Holdings Ltd 5.16%
  3. Samsung Electronics Co Ltd 4.24%
  4. SK Hynix Inc 2.77%
  5. Alibaba Group Holding Ltd 2.49%
  6. NVIDIA Corp 2.41%
  7. China Construction Bank Corp 2.26%
  8. Jyoti CNC Automation Ltd 1.96%
  9. Meituan 1.67%
  10. Kia Corp 1.63%

Asset Allocation

Weighting Return Low Return High NEMAX % Rank
Stocks
97.26% 0.00% 107.82% 50.07%
Preferred Stocks
2.00% 0.00% 13.31% 24.27%
Cash
0.74% -2.03% 16.88% 76.43%
Other
0.00% -0.46% 26.93% 78.52%
Convertible Bonds
0.00% 0.00% 7.40% 78.37%
Bonds
0.00% 0.00% 88.10% 80.89%

Stock Sector Breakdown

Weighting Return Low Return High NEMAX % Rank
Technology
25.90% 0.00% 47.50% 28.39%
Financial Services
18.59% 0.00% 48.86% 69.63%
Consumer Cyclical
13.05% 0.00% 48.94% 37.71%
Communication Services
10.76% 0.00% 39.29% 29.80%
Consumer Defense
8.87% 0.00% 25.90% 21.33%
Basic Materials
8.80% 0.00% 30.03% 43.22%
Healthcare
5.03% 0.00% 16.53% 33.19%
Energy
4.72% 0.00% 24.80% 43.93%
Industrials
2.26% 0.00% 43.53% 93.36%
Real Estate
2.02% 0.00% 17.15% 38.28%
Utilities
0.00% 0.00% 39.12% 93.64%

Stock Geographic Breakdown

Weighting Return Low Return High NEMAX % Rank
Non US
86.37% 0.00% 101.28% 50.21%
US
10.89% 0.00% 100.13% 45.33%

NEMAX - Expenses

Operational Fees

NEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.70% 0.03% 29.98% 30.07%
Management Fee 1.24% 0.00% 2.00% 95.11%
12b-1 Fee 0.25% 0.00% 1.00% 52.61%
Administrative Fee 0.26% 0.01% 0.85% 90.83%

Sales Fees

NEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.50% 5.75% 31.46%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

NEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 189.00% 52.91%

NEMAX - Distributions

Dividend Yield Analysis

NEMAX Category Low Category High NEMAX % Rank
Dividend Yield 0.99% 0.00% 9.74% 70.43%

Dividend Distribution Analysis

NEMAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

NEMAX Category Low Category High NEMAX % Rank
Net Income Ratio -0.03% -1.98% 17.62% 77.57%

Capital Gain Distribution Analysis

NEMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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NEMAX - Fund Manager Analysis

Managers

Conrad Saldanha


Start Date

Tenure

Tenure Rank

Oct 08, 2008

13.65

13.7%

Conrad Saldanha, CFA, Managing Director, joined the firm in 2008. Conrad is Senior Portfolio Manager for the Global Equity team and is responsible for Emerging Market equities. Prior to joining the firm, Conrad was a PM for the Emerging Markets, Europe, Euroland, and India Equity portfolios at GEAMI. Conrad began his career at GE Captial's Financial Management Program. He earned a BCom from St. Xavier’s College, Calcutta, an MBA from Virginia Polytechnic Institute and has also been awarded the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.64 13.42