NBCR vs. SEF ETF Comparison

Comparison of Neuberger Berman Core Equity ETF (NBCR) to ProShares Short Financials (SEF)

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

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.22

Average Daily Volume

11,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCR	SEF
30 Days	2.81%	-7.06%
60 Days	4.11%	-9.74%
90 Days	5.52%	-11.63%
12 Months		-26.67%

27 Overlapping Holdings

Symbol	Grade	Weight in NBCR	Weight in SEF	Overlap
AIG	B	0.76%	0.77%	0.76%
ALL	A	0.45%	0.64%	0.45%
AON	A	1.41%	0.83%	0.83%
BAC	A	0.76%	4.46%	0.76%
BK	A	0.12%	0.65%	0.12%
BLK	C	0.35%	1.06%	0.35%
C	A	0.39%	2.98%	0.39%
CFG	B	0.14%	0.3%	0.14%
ELS	C	0.16%	0.22%	0.16%
EQR	B	0.09%	0.48%	0.09%
FITB	A	0.24%	0.35%	0.24%
GL	B	0.26%	0.18%	0.18%
GS	A	0.42%	1.34%	0.42%
ICE	C	0.56%	0.91%	0.56%
INVH	D	0.1%	0.28%	0.1%
JPM	A	1.4%	7.27%	1.4%
MA	C	1.1%	4.83%	1.1%
MCO	B	0.28%	0.7%	0.28%
MET	A	0.22%	0.69%	0.22%
NDAQ	A	0.3%	0.21%	0.21%
PLD	D	0.38%	1.0%	0.38%
PNC	B	0.31%	1.13%	0.31%
SPGI	C	0.74%	1.22%	0.74%
V	A	1.23%	5.88%	1.23%
VTR	C	0.2%	0.37%	0.2%
WFC	A	0.99%	3.19%	0.99%
WY	D	0.06%	0.39%	0.06%

NBCR Overweight 165 Positions Relative to SEF

Symbol	Grade	Weight
NVDA	C	6.7%
AAPL	C	6.48%
MSFT	F	6.01%
AMZN	C	3.83%
GOOGL	C	3.37%
GOOG	C	1.94%
HD	A	1.22%
LLY	F	1.19%
XOM	B	1.15%
COST	B	1.06%
ORCL	B	0.99%
JNJ	D	0.98%
UNM	A	0.97%
GE	D	0.94%
QCOM	F	0.91%
TMUS	B	0.88%
BSX	B	0.87%
PG	A	0.87%
CRM	B	0.87%
ABBV	D	0.86%
NFLX	A	0.81%
TDG	D	0.77%
NOW	A	0.77%
T	A	0.75%
UBER	D	0.74%
MDT	D	0.72%
TJX	A	0.71%
FI	A	0.66%
TXN	C	0.63%
ETN	A	0.63%
CCL	B	0.62%
INTU	C	0.62%
KKR	A	0.61%
FYBR	D	0.6%
LIN	D	0.59%
GM	B	0.59%
MCD	D	0.58%
SNPS	B	0.58%
AMD	F	0.57%
IWB	A	0.56%
TMO	F	0.53%
DKNG	B	0.52%
AMAT	F	0.52%
VRTX	F	0.51%
CAT	B	0.51%
CRWD	B	0.51%
UL	D	0.51%
ADI	D	0.5%
ZBH	C	0.5%
BKNG	A	0.49%
PH	A	0.48%
TT	A	0.48%
ACN	C	0.47%
CSCO	B	0.46%
APH	A	0.45%
MMM	D	0.44%
KDP	D	0.42%
ULTA	F	0.4%
COP	C	0.4%
NVT	B	0.39%
CARR	D	0.36%
CL	D	0.36%
IR	B	0.36%
MDLZ	F	0.36%
MSI	B	0.35%
LVS	C	0.35%
NEE	D	0.33%
CVS	D	0.33%
DE	A	0.33%
APO	B	0.32%
URI	B	0.32%
AMGN	D	0.31%
GIS	D	0.31%
EOG	A	0.31%
REGN	F	0.3%
TRU	D	0.3%
AVY	D	0.29%
NSC	B	0.29%
BMY	B	0.28%
CSX	B	0.27%
FCX	D	0.26%
ELV	F	0.26%
LMT	D	0.26%
ORLY	B	0.26%
HCA	F	0.26%
SLB	C	0.26%
MCK	B	0.25%
DAL	C	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%
FANG	D	0.24%
ASML	F	0.23%
DUK	C	0.23%
K	A	0.22%
LEN	D	0.22%
EHC	B	0.22%
FDX	B	0.22%
SAIA	B	0.21%
WCN	A	0.21%
LRCX	F	0.2%
HUM	C	0.2%
SRE	A	0.2%
CHKP	D	0.2%
J	F	0.19%
AEP	D	0.19%
BA	F	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%
MOH	F	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%
RSG	A	0.16%
ECL	D	0.16%
OKE	A	0.16%
ETR	B	0.16%
TKO	B	0.15%
VST	B	0.15%
FCPT	C	0.14%
ESI	A	0.14%
PCG	A	0.14%
APTV	D	0.14%
WRBY	B	0.14%
APD	A	0.14%
EQT	B	0.13%
LNT	A	0.13%
LNG	B	0.13%
AVTR	F	0.13%
CDW	F	0.13%
ENTG	D	0.13%
IQV	D	0.13%
IT	C	0.13%
BLDR	D	0.12%
MTCH	D	0.12%
TW	A	0.12%
NUE	C	0.11%
FE	C	0.11%
STWD	C	0.11%
ON	D	0.1%
STLD	B	0.1%
CNP	B	0.09%
TRGP	B	0.09%
BMRN	D	0.09%
UTZ	D	0.08%
DTM	B	0.08%
CCK	C	0.08%
WIX	B	0.08%
TOL	B	0.07%
DTE	C	0.07%
SMAR	A	0.07%
GXO	B	0.06%
IONS	F	0.05%
FBIN	D	0.05%
BHP	F	0.03%

NBCR Underweight 70 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	B	-7.56%
AMT	D	-1.74%
AXP	A	-1.49%
USB	A	-1.32%
TFC	A	-1.27%
CME	A	-1.25%
MS	A	-1.19%
CB	C	-1.17%
CCI	D	-1.02%
MMC	B	-0.97%
SCHW	B	-0.93%
EQIX	A	-0.84%
COF	B	-0.81%
SPG	B	-0.76%
PGR	A	-0.75%
BX	A	-0.67%
PRU	A	-0.66%
AFL	B	-0.66%
TRV	B	-0.61%
WELL	A	-0.59%
PSA	D	-0.56%
TROW	B	-0.52%
AVB	B	-0.51%
STT	A	-0.5%
SBAC	D	-0.48%
DLR	B	-0.44%
WTW	B	-0.44%
DFS	B	-0.44%
O	D	-0.42%
MSCI	C	-0.4%
CSGP	D	-0.4%
NTRS	A	-0.39%
AMP	A	-0.37%
HIG	B	-0.37%
SYF	B	-0.36%
MTB	A	-0.36%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
ARE	D	-0.32%
KEY	B	-0.32%
ACGL	D	-0.31%
DOC	D	-0.3%
AJG	B	-0.3%
MKL	A	-0.28%
RF	A	-0.27%
CINF	A	-0.27%
HBAN	A	-0.26%
MAA	B	-0.26%
PFG	D	-0.25%
MKTX	D	-0.24%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
L	A	-0.23%
NLY	C	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
FNF	B	-0.22%
RJF	A	-0.2%
LNC	B	-0.2%
EG	C	-0.19%
MPW	F	-0.19%
ALLY	C	-0.19%
EQH	B	-0.19%
FDS	B	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	B	-0.18%
WRB	A	-0.17%