NBCT vs. USAI ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to Pacer American Energy Independence ETF (USAI)

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

USAI

Pacer American Energy Independence ETF

USAI Description

The investment seeks to track the performance, before fees and expenses, of the American Energy Independence Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing foreign securities. The index uses a proprietary, rules-based methodology to measure the performance of a portfolio of U.S. and Canadian exchange-listed equity securities of companies that generate a majority of their cash flow from certain qualifying midstream energy infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.77

Average Daily Volume

7,712

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCT	USAI
30 Days	-0.15%	13.46%
60 Days	4.26%	19.91%
90 Days	11.35%	22.35%
12 Months	42.98%	50.31%

12 Overlapping Holdings

Symbol	Grade	Weight in NBCT	Weight in USAI	Overlap
AM	A	3.45%	2.46%	2.46%
DTM	A	3.71%	3.64%	3.64%
EPD	A	7.42%	3.94%	3.94%
ET	A	7.32%	6.78%	6.78%
HESM	B	1.93%	2.11%	1.93%
KNTK	A	3.27%	2.34%	2.34%
LNG	A	6.69%	4.38%	4.38%
OKE	A	2.12%	7.35%	2.12%
PAGP	A	2.9%	2.12%	2.12%
TRGP	A	8.39%	4.7%	4.7%
WES	C	5.07%	2.29%	2.29%
WMB	A	5.18%	7.84%	5.18%

NBCT Overweight 11 Positions Relative to USAI

Symbol	Grade	Weight
SRE	A	4.25%
CNP	A	3.96%
CWEN	C	3.78%
AR	B	3.69%
NEE	C	3.16%
XOM	B	2.93%
OXY	D	2.86%
EQT	B	2.29%
APD	A	1.89%
DTE	C	1.85%
LIN	C	1.84%

NBCT Underweight 8 Positions Relative to USAI

Symbol	Grade	Weight
KMI	A	-7.87%
MPLX	A	-3.9%
NEXT	C	-2.62%
AROC	A	-2.42%
ENLC	A	-2.31%
EE	A	-2.19%
NFE	D	-1.64%
GEL	D	-1.28%