NBCR vs. FTA ETF Comparison

Comparison of Neuberger Berman Core Equity ETF (NBCR) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

NBCR

Neuberger Berman Core Equity ETF

NBCR Description

To pursue its goal, the fund invests mainly in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The portfolio managers seek to invest in a broadly diversified group of securities that have the potential to outperform the Russell 1000 Index with a lower level of risk through security selection.

Grade (RS Rating)

Last Trade

$27.54

Average Daily Volume

15,235

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value 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 S&P to objectively identify and select stocks from the S&P 500(R) Value Index 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

$83.49

Average Daily Volume

40,498

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	NBCR	FTA
30 Days	2.91%	6.28%
60 Days	4.16%	6.56%
90 Days	6.11%	7.73%
12 Months		27.44%

61 Overlapping Holdings

Symbol	Grade	Weight in NBCR	Weight in FTA	Overlap
ACN	B	0.47%	0.18%	0.18%
AEP	D	0.19%	0.47%	0.19%
AIG	B	0.76%	0.91%	0.76%
APD	A	0.14%	0.18%	0.14%
APTV	F	0.14%	0.66%	0.14%
BAC	A	0.76%	0.59%	0.59%
BLDR	C	0.12%	0.48%	0.12%
C	A	0.39%	0.76%	0.39%
CARR	C	0.36%	0.33%	0.33%
CFG	B	0.14%	0.8%	0.14%
CNC	F	0.18%	0.55%	0.18%
CNP	A	0.09%	0.72%	0.09%
COP	D	0.4%	0.94%	0.4%
CSCO	A	0.46%	0.38%	0.38%
CSX	B	0.27%	0.36%	0.27%
CVS	D	0.33%	0.77%	0.33%
D	C	0.17%	0.5%	0.17%
DAL	B	0.25%	1.12%	0.25%
DE	B	0.33%	0.48%	0.33%
DGX	B	0.19%	0.52%	0.19%
DTE	C	0.07%	0.48%	0.07%
DUK	C	0.23%	0.49%	0.23%
ELV	F	0.26%	0.27%	0.26%
EOG	C	0.31%	0.97%	0.31%
EQR	B	0.09%	0.5%	0.09%
EQT	B	0.13%	0.82%	0.13%
ETR	B	0.16%	0.78%	0.16%
FANG	F	0.24%	0.74%	0.24%
FDX	B	0.22%	0.75%	0.22%
FE	D	0.11%	0.32%	0.11%
FITB	B	0.24%	0.57%	0.24%
GIS	D	0.31%	0.31%	0.31%
GM	B	0.59%	1.13%	0.59%
HD	A	1.22%	0.17%	0.17%
HUM	C	0.2%	0.31%	0.2%
J	F	0.19%	0.18%	0.18%
JNJ	D	0.98%	0.33%	0.33%
KDP	D	0.42%	0.31%	0.31%
LEN	C	0.22%	0.79%	0.22%
LMT	D	0.26%	0.16%	0.16%
LNG	B	0.13%	0.82%	0.13%
LNT	A	0.13%	0.5%	0.13%
MDLZ	F	0.36%	0.15%	0.15%
MDT	D	0.72%	0.16%	0.16%
MOH	F	0.17%	0.31%	0.17%
NKE	F	0.25%	0.15%	0.15%
NUE	D	0.11%	0.85%	0.11%
OKE	C	0.16%	0.42%	0.16%
ON	C	0.1%	0.65%	0.1%
PNC	A	0.31%	0.39%	0.31%
PSX	C	0.24%	0.87%	0.24%
SLB	C	0.26%	0.73%	0.26%
SRE	A	0.2%	0.76%	0.2%
STLD	B	0.1%	0.96%	0.1%
T	A	0.75%	0.89%	0.75%
TOL	A	0.07%	0.87%	0.07%
ULTA	F	0.4%	0.5%	0.4%
WFC	A	0.99%	0.9%	0.9%
WY	D	0.06%	0.16%	0.06%
XOM	C	1.15%	0.9%	0.9%
ZBH	C	0.5%	0.71%	0.5%

NBCR Overweight 131 Positions Relative to FTA

Symbol	Grade	Weight
NVDA	C	6.7%
AAPL	B	6.48%
MSFT	D	6.01%
AMZN	C	3.83%
GOOGL	C	3.37%
GOOG	C	1.94%
AON	A	1.41%
JPM	B	1.4%
V	A	1.23%
LLY	F	1.19%
MA	B	1.1%
COST	B	1.06%
ORCL	C	0.99%
UNM	A	0.97%
GE	D	0.94%
QCOM	F	0.91%
TMUS	A	0.88%
BSX	C	0.87%
PG	A	0.87%
CRM	B	0.87%
ABBV	D	0.86%
NFLX	B	0.81%
TDG	D	0.77%
NOW	B	0.77%
SPGI	C	0.74%
UBER	D	0.74%
TJX	A	0.71%
FI	A	0.66%
TXN	D	0.63%
ETN	A	0.63%
CCL	B	0.62%
INTU	C	0.62%
KKR	B	0.61%
FYBR	D	0.6%
LIN	D	0.59%
MCD	D	0.58%
SNPS	B	0.58%
AMD	F	0.57%
IWB	A	0.56%
ICE	D	0.56%
TMO	F	0.53%
DKNG	C	0.52%
AMAT	F	0.52%
VRTX	D	0.51%
CAT	B	0.51%
CRWD	B	0.51%
UL	D	0.51%
ADI	D	0.5%
BKNG	B	0.49%
PH	A	0.48%
TT	B	0.48%
ALL	B	0.45%
APH	B	0.45%
MMM	D	0.44%
GS	B	0.42%
NVT	B	0.39%
PLD	D	0.38%
CL	D	0.36%
IR	A	0.36%
BLK	C	0.35%
MSI	C	0.35%
LVS	C	0.35%
NEE	D	0.33%
APO	A	0.32%
URI	B	0.32%
AMGN	D	0.31%
REGN	F	0.3%
TRU	D	0.3%
NDAQ	A	0.3%
AVY	D	0.29%
NSC	A	0.29%
BMY	B	0.28%
MCO	A	0.28%
FCX	F	0.26%
GL	C	0.26%
ORLY	B	0.26%
HCA	F	0.26%
MCK	C	0.25%
DLTR	D	0.25%
AIZ	B	0.25%
MLM	B	0.25%
SHW	A	0.24%
ASML	F	0.23%
K	A	0.22%
EHC	B	0.22%
MET	A	0.22%
SAIA	C	0.21%
WCN	A	0.21%
LRCX	F	0.2%
VTR	D	0.2%
CHKP	D	0.2%
BA	D	0.19%
EFX	D	0.18%
DXCM	C	0.18%
STZ	D	0.17%
EA	C	0.17%
ADSK	B	0.17%
VRSK	A	0.17%
CEG	D	0.17%
WMB	B	0.16%
PEG	A	0.16%
RSG	A	0.16%
ELS	C	0.16%
ECL	D	0.16%
TKO	B	0.15%
VST	B	0.15%
FCPT	C	0.14%
ESI	B	0.14%
PCG	B	0.14%
WRBY	B	0.14%
AVTR	F	0.13%
CDW	F	0.13%
ENTG	D	0.13%
IQV	F	0.13%
IT	C	0.13%
MTCH	F	0.12%
TW	B	0.12%
BK	A	0.12%
STWD	C	0.11%
INVH	D	0.1%
TRGP	B	0.09%
BMRN	F	0.09%
UTZ	D	0.08%
DTM	B	0.08%
CCK	D	0.08%
WIX	A	0.08%
SMAR	A	0.07%
GXO	B	0.06%
IONS	F	0.05%
FBIN	D	0.05%
BHP	F	0.03%

NBCR Underweight 125 Positions Relative to FTA

Symbol	Grade	Weight
UAL	B	-1.4%
SYF	A	-1.14%
PCAR	B	-1.02%
FOXA	C	-0.98%
TROW	A	-0.97%
CVX	B	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
CTRA	B	-0.93%
HPE	B	-0.92%
F	C	-0.92%
HAL	C	-0.91%
VLO	C	-0.91%
CMCSA	C	-0.91%
DVN	F	-0.88%
COF	B	-0.86%
OXY	F	-0.86%
KMI	B	-0.85%
MPC	F	-0.85%
HBAN	B	-0.84%
EG	C	-0.82%
BG	F	-0.8%
PHM	C	-0.79%
OC	B	-0.78%
ADM	F	-0.77%
LYB	F	-0.76%
VTRS	B	-0.76%
INTC	C	-0.75%
CRBG	B	-0.74%
L	B	-0.74%
XEL	A	-0.74%
ATO	A	-0.73%
CTSH	B	-0.73%
AEE	A	-0.72%
KR	A	-0.72%
ALLY	C	-0.71%
CB	D	-0.7%
CF	B	-0.7%
HIG	B	-0.69%
EXC	D	-0.66%
MS	B	-0.65%
VZ	B	-0.64%
DG	F	-0.64%
ED	D	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
BKR	C	-0.61%
MTB	B	-0.61%
SWKS	F	-0.6%
IP	B	-0.6%
DHI	D	-0.6%
RF	B	-0.58%
TDY	B	-0.56%
LUV	B	-0.56%
TRV	B	-0.56%
USB	A	-0.56%
STT	A	-0.55%
NI	A	-0.53%
PPL	B	-0.51%
TXT	D	-0.5%
AFL	B	-0.5%
TGT	F	-0.5%
EBAY	C	-0.49%
HRL	D	-0.49%
SYY	C	-0.49%
CE	F	-0.48%
STX	D	-0.46%
RJF	A	-0.46%
KHC	D	-0.46%
AKAM	F	-0.45%
BBY	D	-0.45%
BIIB	F	-0.44%
ZM	B	-0.42%
DOW	F	-0.42%
DIS	B	-0.4%
KEY	A	-0.4%
JBHT	C	-0.38%
TSN	B	-0.38%
NWSA	B	-0.38%
PKG	B	-0.38%
RGA	A	-0.37%
KIM	A	-0.37%
HPQ	B	-0.36%
DRI	B	-0.36%
PRU	A	-0.36%
WEC	A	-0.35%
SSNC	A	-0.35%
CMS	C	-0.34%
FNF	B	-0.34%
NVR	D	-0.33%
DOC	C	-0.33%
PPG	D	-0.33%
HSY	F	-0.33%
EIX	A	-0.33%
ARE	D	-0.32%
GPC	D	-0.31%
WLK	D	-0.3%
PYPL	A	-0.19%
CMI	A	-0.19%
ODFL	B	-0.19%
LHX	C	-0.18%
WRB	A	-0.18%
LH	B	-0.18%
IEX	B	-0.18%
KEYS	B	-0.17%
GD	F	-0.17%
PEP	F	-0.17%
UPS	C	-0.17%
NDSN	B	-0.17%
CTVA	B	-0.17%
MAA	B	-0.17%
LOW	C	-0.17%
PFG	C	-0.17%
OMC	C	-0.17%
CLX	C	-0.17%
SBUX	B	-0.17%
CPB	D	-0.16%
EXPD	C	-0.16%
DD	D	-0.16%
CI	D	-0.16%
MAS	C	-0.16%
HOLX	D	-0.16%
FTV	B	-0.16%
AWK	D	-0.15%
CAG	D	-0.14%