NBCR vs. PHEQ ETF Comparison

Comparison of Neuberger Berman Core Equity ETF (NBCR) to Parametric Hedged Equity ETF (PHEQ)

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

$27.43

Average Daily Volume

16,373

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	NBCR	PHEQ
30 Days	2.81%	1.99%
60 Days	4.11%	3.02%
90 Days	5.52%	3.86%
12 Months		16.61%

72 Overlapping Holdings

Symbol	Grade	Weight in NBCR	Weight in PHEQ	Overlap
AAPL	C	6.48%	6.85%	6.48%
ABBV	D	0.86%	0.85%	0.85%
AMD	F	0.57%	0.51%	0.51%
AMGN	D	0.31%	0.45%	0.31%
AMZN	C	3.83%	4.1%	3.83%
APO	B	0.32%	0.3%	0.3%
APTV	D	0.14%	0.14%	0.14%
AVTR	F	0.13%	0.06%	0.06%
BA	F	0.19%	0.32%	0.19%
BAC	A	0.76%	0.98%	0.76%
BKNG	A	0.49%	0.39%	0.39%
BLDR	D	0.12%	0.08%	0.08%
BMY	B	0.28%	0.48%	0.28%
CAT	B	0.51%	0.55%	0.51%
CFG	B	0.14%	0.26%	0.14%
CNP	B	0.09%	0.28%	0.09%
COST	B	1.06%	1.07%	1.06%
CRM	B	0.87%	0.63%	0.63%
CRWD	B	0.51%	0.17%	0.17%
CSCO	B	0.46%	0.79%	0.46%
DAL	C	0.25%	0.39%	0.25%
DE	A	0.33%	0.44%	0.33%
DKNG	B	0.52%	0.07%	0.07%
DTE	C	0.07%	0.31%	0.07%
EQR	B	0.09%	0.32%	0.09%
ETR	B	0.16%	0.4%	0.16%
FANG	D	0.24%	0.24%	0.24%
FE	C	0.11%	0.24%	0.11%
GOOG	C	1.94%	1.9%	1.9%
GOOGL	C	3.37%	2.28%	2.28%
HD	A	1.22%	1.15%	1.15%
JNJ	D	0.98%	1.04%	0.98%
JPM	A	1.4%	1.73%	1.4%
K	A	0.22%	0.34%	0.22%
KKR	A	0.61%	0.46%	0.46%
LIN	D	0.59%	0.67%	0.59%
LLY	F	1.19%	1.39%	1.19%
LMT	D	0.26%	0.58%	0.26%
LNG	B	0.13%	0.22%	0.13%
LNT	A	0.13%	0.33%	0.13%
LRCX	F	0.2%	0.29%	0.2%
MA	C	1.1%	1.14%	1.1%
MDT	D	0.72%	0.51%	0.51%
MMM	D	0.44%	0.44%	0.44%
MOH	F	0.17%	0.14%	0.14%
MSFT	F	6.01%	6.55%	6.01%
NDAQ	A	0.3%	0.24%	0.24%
NFLX	A	0.81%	0.8%	0.8%
NOW	A	0.77%	0.61%	0.61%
NVDA	C	6.7%	7.12%	6.7%
ON	D	0.1%	0.14%	0.1%
ORCL	B	0.99%	0.73%	0.73%
PG	A	0.87%	1.09%	0.87%
QCOM	F	0.91%	0.33%	0.33%
REGN	F	0.3%	0.21%	0.21%
RSG	A	0.16%	0.34%	0.16%
STLD	B	0.1%	0.11%	0.1%
T	A	0.75%	0.68%	0.68%
TMO	F	0.53%	0.59%	0.53%
TMUS	B	0.88%	0.51%	0.51%
TRGP	B	0.09%	0.46%	0.09%
TRU	D	0.3%	0.09%	0.09%
TW	A	0.12%	0.11%	0.11%
TXN	C	0.63%	0.59%	0.59%
UBER	D	0.74%	0.29%	0.29%
ULTA	F	0.4%	0.23%	0.23%
URI	B	0.32%	0.24%	0.24%
V	A	1.23%	1.28%	1.23%
VRTX	F	0.51%	0.36%	0.36%
WFC	A	0.99%	0.67%	0.67%
XOM	B	1.15%	1.4%	1.15%
ZBH	C	0.5%	0.14%	0.14%

NBCR Overweight 120 Positions Relative to PHEQ

Symbol	Grade	Weight
AON	A	1.41%
UNM	A	0.97%
GE	D	0.94%
BSX	B	0.87%
TDG	D	0.77%
AIG	B	0.76%
SPGI	C	0.74%
TJX	A	0.71%
FI	A	0.66%
ETN	A	0.63%
CCL	B	0.62%
INTU	C	0.62%
FYBR	D	0.6%
GM	B	0.59%
MCD	D	0.58%
SNPS	B	0.58%
IWB	A	0.56%
ICE	C	0.56%
AMAT	F	0.52%
UL	D	0.51%
ADI	D	0.5%
PH	A	0.48%
TT	A	0.48%
ACN	C	0.47%
ALL	A	0.45%
APH	A	0.45%
GS	A	0.42%
KDP	D	0.42%
COP	C	0.4%
NVT	B	0.39%
C	A	0.39%
PLD	D	0.38%
CARR	D	0.36%
CL	D	0.36%
IR	B	0.36%
MDLZ	F	0.36%
BLK	C	0.35%
MSI	B	0.35%
LVS	C	0.35%
NEE	D	0.33%
CVS	D	0.33%
GIS	D	0.31%
EOG	A	0.31%
PNC	B	0.31%
AVY	D	0.29%
NSC	B	0.29%
MCO	B	0.28%
CSX	B	0.27%
FCX	D	0.26%
ELV	F	0.26%
GL	B	0.26%
ORLY	B	0.26%
HCA	F	0.26%
SLB	C	0.26%
MCK	B	0.25%
DLTR	F	0.25%
AIZ	A	0.25%
NKE	D	0.25%
MLM	B	0.25%
SHW	A	0.24%
PSX	C	0.24%
FITB	A	0.24%
ASML	F	0.23%
DUK	C	0.23%
LEN	D	0.22%
EHC	B	0.22%
MET	A	0.22%
FDX	B	0.22%
SAIA	B	0.21%
WCN	A	0.21%
HUM	C	0.2%
SRE	A	0.2%
VTR	C	0.2%
CHKP	D	0.2%
J	F	0.19%
AEP	D	0.19%
DGX	A	0.19%
EFX	F	0.18%
DXCM	D	0.18%
CNC	D	0.18%
STZ	D	0.17%
EA	A	0.17%
D	C	0.17%
ADSK	A	0.17%
VRSK	A	0.17%
CEG	D	0.17%
WMB	A	0.16%
PEG	A	0.16%
ELS	C	0.16%
ECL	D	0.16%
OKE	A	0.16%
TKO	B	0.15%
VST	B	0.15%
FCPT	C	0.14%
ESI	A	0.14%
PCG	A	0.14%
WRBY	B	0.14%
APD	A	0.14%
EQT	B	0.13%
CDW	F	0.13%
ENTG	D	0.13%
IQV	D	0.13%
IT	C	0.13%
MTCH	D	0.12%
BK	A	0.12%
NUE	C	0.11%
STWD	C	0.11%
INVH	D	0.1%
BMRN	D	0.09%
UTZ	D	0.08%
DTM	B	0.08%
CCK	C	0.08%
WIX	B	0.08%
TOL	B	0.07%
SMAR	A	0.07%
GXO	B	0.06%
WY	D	0.06%
IONS	F	0.05%
FBIN	D	0.05%
BHP	F	0.03%

NBCR Underweight 131 Positions Relative to PHEQ

Symbol	Grade	Weight
META	D	-2.66%
TSLA	B	-1.91%
AVGO	D	-1.71%
BRK.A	B	-1.42%
UNH	C	-1.37%
WMT	A	-0.96%
CVX	A	-0.84%
KO	D	-0.77%
PEP	F	-0.72%
MRK	F	-0.69%
ABT	B	-0.6%
ISRG	A	-0.58%
DIS	B	-0.57%
LOW	D	-0.57%
AXP	A	-0.57%
IBM	C	-0.56%
UNP	C	-0.52%
ADBE	C	-0.48%
WM	A	-0.44%
CTAS	B	-0.42%
TRV	B	-0.39%
MS	A	-0.39%
PRU	A	-0.37%
PLTR	B	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
PPL	B	-0.34%
KLAC	D	-0.34%
DOV	A	-0.33%
YUM	B	-0.33%
KMB	D	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
EXR	D	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
DOC	D	-0.29%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
GLW	B	-0.25%
MRO	B	-0.24%
L	A	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
EXPD	D	-0.23%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
ARE	D	-0.21%
AMCR	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CAG	D	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
NDSN	B	-0.14%
HEI	B	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
ZS	C	-0.08%
NET	B	-0.07%
SCCO	F	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
RPRX	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%