FXN vs. NBET ETF Comparison

Comparison of First Trust Energy AlphaDEX Fund (FXN) to Neuberger Berman Energy Transition & Infrastructure ETF (NBET)

FXN

First Trust Energy AlphaDEX Fund

FXN Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Energy Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the energy sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$17.95

Average Daily Volume

737,430

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	FXN	NBET
30 Days	8.99%
60 Days	8.39%
90 Days	4.27%
12 Months	8.75%

10 Overlapping Holdings

Symbol	Grade	Weight in FXN	Weight in NBET	Overlap
AM	A	0.78%	3.36%	0.78%
AR	B	0.82%	3.58%	0.82%
DTM	A	1.96%	3.68%	1.96%
EQT	B	2.72%	2.23%	2.23%
LNG	A	0.91%	6.56%	0.91%
OKE	A	0.92%	2.11%	0.92%
OXY	D	2.29%	2.87%	2.29%
TRGP	A	2.01%	8.23%	2.01%
WMB	A	0.95%	5.06%	0.95%
XOM	B	2.4%	2.92%	2.4%

FXN Overweight 28 Positions Relative to NBET

Symbol	Grade	Weight
MTDR	B	4.63%
OVV	B	4.53%
CIVI	D	3.96%
NOV	C	3.94%
DVN	F	3.91%
CHRD	D	3.9%
DINO	D	3.7%
APA	D	3.59%
PR	B	3.46%
CVX	A	3.41%
EOG	A	3.41%
MRO	B	3.36%
COP	C	3.33%
CTRA	B	3.3%
FANG	C	3.29%
VLO	C	3.22%
RRC	B	2.55%
HAL	C	2.41%
PSX	C	2.3%
MPC	D	2.26%
KMI	A	1.88%
BKR	A	1.85%
HES	B	1.66%
SLB	C	1.61%
NFE	D	1.57%
TPL	A	1.19%
FTI	A	0.84%
FSLR	F	0.61%

FXN Underweight 13 Positions Relative to NBET

Symbol	Grade	Weight
EPD	A	-7.48%
ET	A	-7.34%
WES	C	-5.26%
SRE	A	-4.15%
CNP	A	-3.89%
CWEN	C	-3.86%
KNTK	A	-3.31%
NEE	C	-3.19%
PAGP	A	-2.94%
HESM	B	-1.95%
APD	A	-1.91%
DTE	C	-1.83%
LIN	C	-1.82%