NBCT vs. IDU ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to iShares U.S. Utilities ETF (IDU)

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

IDU

iShares U.S. Utilities ETF

IDU Description

The investment seeks to track the investment results of an index composed of U.S. equities in the utilities sector. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Utilities Index (the "underlying index"), which measures the performance of the utilities sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include utilities companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$104.24

Average Daily Volume

99,322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCT	IDU
30 Days	-0.15%	1.12%
60 Days	4.26%	3.44%
90 Days	11.35%	8.81%
12 Months	42.98%	36.19%

6 Overlapping Holdings

Symbol	Grade	Weight in NBCT	Weight in IDU	Overlap
CNP	A	3.96%	1.37%	1.37%
CWEN	C	3.78%	0.16%	0.16%
CWEN	C	3.78%	0.06%	0.06%
DTE	C	1.85%	1.78%	1.78%
NEE	C	3.16%	11.18%	3.16%
SRE	A	4.25%	4.14%	4.14%

NBCT Overweight 18 Positions Relative to IDU

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 37 Positions Relative to IDU

Symbol	Grade	Weight
SO	C	-6.87%
WM	B	-6.42%
DUK	C	-6.17%
CEG	C	-5.13%
AEP	C	-3.57%
VST	A	-3.44%
D	C	-3.4%
PCG	A	-3.24%
PEG	A	-3.13%
RSG	A	-3.1%
XEL	A	-2.77%
EXC	C	-2.75%
ED	C	-2.38%
EIX	B	-2.26%
ETR	B	-2.26%
WEC	A	-2.2%
AWK	C	-1.86%
PPL	A	-1.77%
AEE	A	-1.72%
FE	C	-1.7%
ATO	A	-1.57%
ES	C	-1.56%
CMS	C	-1.45%
NRG	B	-1.37%
NI	A	-1.17%
LNT	A	-1.1%
EVRG	A	-1.01%
CLH	C	-0.92%
PNW	A	-0.74%
AES	F	-0.72%
WTRG	B	-0.7%
OGE	A	-0.6%
IDA	A	-0.43%
NFG	A	-0.4%
UGI	C	-0.35%
MDU	D	-0.26%
AGR	A	-0.18%