AMND vs. NBET ETF Comparison

Comparison of ETRACS Alerian Midstream Energy High Dividend Index ETN (AMND) to Neuberger Berman Energy Transition & Infrastructure ETF (NBET)

AMND

ETRACS Alerian Midstream Energy High Dividend Index ETN

AMND Description

The investment seeks a return linked to the performance of the Alerian Midstream Energy Dividend Index (the ?index?). The index is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market. The securities do not have a minimum payment at maturity, upon redemption or upon call and are fully exposed to any decline in the index. The payment investors receive on the securities at maturity, early redemption or upon exercise by UBS of its call right will depend on the performance of the index, as measured by the Current Principal Amount.

Grade (RS Rating)

Last Trade

$55.35

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBET

Neuberger Berman Energy Transition & Infrastructure ETF

NBET Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities of carbon transition companies and infrastructure companies. It invests a significant portion of its assets in carbon transition companies, which manager considers to be those companies operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded master limited partnerships or limited liability companies taxed as partnerships, MLPs that are taxed as C-corporations, MLP affiliates.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

1,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMND	NBET
30 Days	9.40%
60 Days	14.55%
90 Days	17.97%
12 Months	44.75%

8 Overlapping Holdings

Symbol	Grade	Weight in AMND	Weight in NBET	Overlap
AM	A	1.54%	3.36%	1.54%
EPD	A	9.82%	7.48%	7.48%
ET	A	5.58%	7.34%	5.58%
OKE	A	6.54%	2.11%	2.11%
PAGP	A	0.51%	2.94%	0.51%
TRGP	A	0.36%	8.23%	0.36%
WES	C	1.94%	5.26%	1.94%
WMB	A	7.72%	5.06%	5.06%

AMND Overweight 9 Positions Relative to NBET

Symbol	Grade	Weight
MPLX	A	10.62%
TRP	A	10.04%
ENB	A	9.84%
KMI	A	8.82%
CQP	B	5.45%
PAA	B	1.88%
KEY	B	1.14%
ENLC	A	0.65%
GEL	D	0.27%

AMND Underweight 15 Positions Relative to NBET

Symbol	Grade	Weight
LNG	A	-6.56%
SRE	A	-4.15%
CNP	A	-3.89%
CWEN	C	-3.86%
DTM	A	-3.68%
AR	B	-3.58%
KNTK	A	-3.31%
NEE	C	-3.19%
XOM	B	-2.92%
OXY	D	-2.87%
EQT	B	-2.23%
HESM	B	-1.95%
APD	A	-1.91%
DTE	C	-1.83%
LIN	C	-1.82%

AMND: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Banks - Regional - US