NBCT vs. FXU ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to First Trust Utilities AlphaDEX Fund (FXU)

NBCT

Neuberger Berman Carbon Transition Infrastructure ETF

NBCT 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 the Managers consider to be those companies that have, or in the Portfolio Managers" view, are reasonably expected to have, at least 20% of their assets or revenue, committed to or derived from infrastructure that will facilitate global decarbonization and/or the reduction of other greenhouse gas emissions.

Grade (RS Rating)

Last Trade

$30.66

Average Daily Volume

13,227

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXU

First Trust Utilities AlphaDEX Fund

FXU 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 StrataQuant(R) Utilities 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 utilities 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

$40.38

Average Daily Volume

62,824

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCT	FXU
30 Days	-0.15%	4.48%
60 Days	4.26%	6.92%
90 Days	11.35%	12.92%
12 Months	42.98%	36.77%

5 Overlapping Holdings

Symbol	Grade	Weight in NBCT	Weight in FXU	Overlap
CNP	A	3.96%	3.45%	3.45%
CWEN	C	3.78%	2.22%	2.22%
DTE	C	1.85%	2.31%	1.85%
NEE	C	3.16%	0.74%	0.74%
SRE	A	4.25%	3.63%	3.63%

NBCT Overweight 18 Positions Relative to FXU

Symbol	Grade	Weight
TRGP	A	8.39%
EPD	A	7.42%
ET	A	7.32%
LNG	A	6.69%
WMB	A	5.18%
WES	C	5.07%
DTM	A	3.71%
AR	B	3.69%
AM	A	3.45%
KNTK	A	3.27%
XOM	B	2.93%
PAGP	A	2.9%
OXY	D	2.86%
EQT	B	2.29%
OKE	A	2.12%
HESM	B	1.93%
APD	A	1.89%
LIN	C	1.84%

NBCT Underweight 34 Positions Relative to FXU

Symbol	Grade	Weight
VST	A	-4.93%
PNW	A	-4.27%
NRG	B	-4.16%
NFG	A	-4.15%
AGR	A	-4.14%
UGI	C	-3.97%
EXC	C	-3.97%
ETR	B	-3.73%
CEG	C	-3.55%
PCG	A	-3.5%
ATO	A	-3.44%
OGE	A	-3.43%
EVRG	A	-3.38%
ED	C	-3.05%
IDA	A	-2.81%
XEL	A	-2.63%
NI	A	-2.61%
AEE	A	-2.57%
WTRG	B	-2.47%
DUK	C	-2.4%
PPL	A	-1.68%
WEC	A	-1.68%
LNT	A	-1.65%
D	C	-1.64%
CMS	C	-1.59%
EIX	B	-1.58%
AEP	C	-1.54%
RSG	A	-0.85%
CLH	C	-0.84%
PEG	A	-0.82%
SO	C	-0.8%
FE	C	-0.77%
AWK	C	-0.76%
AES	F	-0.57%