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Greater China Equity Fund

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Effective close of business October 17th, 2017, the Fund closed and ceased accepting investments, including investments from existing shareholders.

Mutual Fund > Equity > Greater China Equity Fund

Greater China Equity Fund

Fund seeks long-term growth of capital by investing in equity investments that are tied economically to the Greater China region.

  • A fundamental and research intensive “private equity-like” approach to Greater China investing
  • Value-bias approach seeks to generate attractive level of total return in up and down markets
  • One of the most tenured investment teams in Greater China with a local presence in Shanghai and Hong Kong1


Daily Pricing as of --
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Product Characteristics

As of

Total (net) expense represents the total annual operating expenses that shareholders pay (after the effect of fee waivers and/or expense reimbursement). The Fund’s investment manager has contractually undertaken to waive and/or reimburse certain fees and expenses of the Fund so that the total annual operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, dividend and interest expenses relating to short sales, and extraordinary expenses, if any; consequently, total (net) expenses may exceed the contractual cap) through 8/31/2023 for Class A at 1.86%, Class C, at 2.61%, and1.50% for Institutional Class (each of average net assets). Absent such arrangements, which cannot be changed without Board approval, the returns may have been lower. Information as of the most recent prospectus dated December 13, 2019, as amended.

Figures are derived from FactSet as of 12/31/19. The Forward Price/Earnings (P/E) ratio is the weighted harmonic aggregate of the Forward P/E ratios of all the stocks currently held in the Portfolio. The Forward P/E ratio of a stock is calculated by dividing the current ending price of the stock by its forecasted calendar year Earnings Per Share (EPS). The forecasted EPS of a company is based on consensus estimates, not Neuberger Berman’s own projections, and it may or may not be realized. In addition, any revision to a forecast could affect the market price of a security. By quoting them herein, Neuberger Berman does not offer an opinion as to the accuracy of, and does not guarantee, these forecasted numbers. Additionally, these fund statistics are not a forecast of the Fund’s performance. The ratio shown excludes companies with negative EPS.

Top 10 Holdings

As of December 31, 2020
Alibaba Group Holding Ltd. 9.10%
Gree Electric Appliances, Inc. of Zhuhai Class A 7.60%
Tencent Holdings Ltd. 7.10%
Weichai Power Co. Ltd., H Shares 5.10%
China National Building Material Co. Ltd., H Shares 5.00%
China Yongda Automobiles Services Holdings Ltd. 4.60%
Shenzhou International Group Holdings Ltd. 4.40%
China Merchants Bank Co. Ltd., H Shares 4.30%
China Resources Land Ltd. 4.00%
Haier Electronics Group Co. Ltd. 3.80%

Top 10 Industries

As of December 31, 2020
Household Durables 13.50%
Internet & Direct Marketing Retail 12.50%
Machinery 7.20%
Interactive Media & Services 7.10%
Insurance 6.60%
Food Products 6.00%
Beverages 5.90%
Real Estate Management & Development 5.50%
Construction Materials 5.00%
Specialty Retail 4.60%

Management Team

Frank Yao
Green Court Capital Management
28 Years of industry experience
13 Years with Neuberger Berman