Fund Evaluator:
Neuberger Emerg Mkts Eq I (NEMIX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
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Fund Details
Neuberger Emerg Mkts Eq I Overview
Neuberger Emerg Mkts Eq I (NEMIX) is an actively managed International Equity Diversified Emerging Mkts fund. Neuberger Berman launched the fund in 2008.
The investment seeks long-term growth of capital. 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. It may invest in companies of any market capitalization. The fund may also invest in foreign real estate companies.
About Neuberger Emerg Mkts Eq I (NEMIX)
There are 2 members of the management team with an average tenure of 0.54 years: Vera German (2026), Juan Torres (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Neuberger Emerg Mkts Eq I has 56 securities in its portfolio. The top 10 holdings constitute 33.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Neuberger Emerg Mkts Eq I is part of the Equity global asset class and is within the International Equity fund group. Neuberger Emerg Mkts Eq I has 93.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.6%. There is 93.9% allocated to foreign stock, and 1.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Neuberger Emerg Mkts Eq I has 3.3% of the portfolio in cash.
Assets Under Management
The fund has $198 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NEMIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Neuberger Emerg Mkts Eq I expense ratio is high compared to funds in the Diversified Emerging Mkts category. Neuberger Emerg Mkts Eq I has an expense ratio of 0.99%, which is 14% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Neuberger Emerg Mkts Eq I has a portfolio turnover rate of 67%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Neuberger Emerg Mkts Eq I returned 6.6%, which earned it a grade of A, as the Diversified Emerging Mkts category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Neuberger Emerg Mkts Eq I has a trailing yield of 0.02%, which is below the 1.72% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Neuberger Emerg Mkts Eq I Grades
Year to date, the fund has returned 8.3%, 10.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 23.4% over the past year (grade of F), 17.1% over the past three years (grade of D) and 4.9% per year over the past five years (grade of D) and 7.1% per year over the past 10 years (grade of F).
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NEMIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NEMIX Return (NAV) | 6.6% | 0.2% | 23.4% | 17.1% | 4.9% | 7.1% |
| NEMIX Grade | A | D | F | D | D | F |
| +/- Category | 11.6% | -2.2% | -12.5% | -0.8% | -1.6% | -1.6% |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| NEMIX Tax Cost Ratio | na | na | 0.0% | 0.2% | 0.2% | 0.3% |
NEMIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NEMIX Return (NAV) | 8.3% | 35.3% | 12.9% | 4.7% | -23.9% | -3.3% | 13.3% | 19.0% | -17.3% | 41.6% | 9.2% |
| NEMIX Grade | F | B | A | F | D | D | D | D | D | B | C |
| +/- Category | -10.8% | 3.9% | 6.7% | -7.5% | -1.2% | -3.1% | -8.3% | -2.9% | -0.9% | 5.0% | 0.6% |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 14.1% |
| Total Risk Index: | 1.15 - Above Average |
| Category Risk Index: | 0.84 - Low |
| Category Risk Grade: | A (17% Rank) |
| Beta: | 0.79 |
| R-Squared: | 60% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $225 Mil |
| Fund Total Assets: | $ 199 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 67% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.5 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): German Vera (2026), Torres Juan (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 33.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 93.9% |
Portfolio Allocation |
|
| Domestic Stock: | 1.6% |
| Foreign Stock: | 93.9% |
| Preferred Stock: | 1.2% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.3% |
Purchase Information
| Fund Family: | Neuberger Berman |
| Phone Number: | 800-877-9700 |
| Website: | www.nb.com |
| Status: | Open |
| Inception Date: | October 8, 2008 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Neuberger Emerg Mkts Eq I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
