NBET vs. FXU ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to First Trust Utilities AlphaDEX Fund (FXU)

NBET

Neuberger Berman Energy Transition & Infrastructure ETF

NBET 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 manager considers to be those companies operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded master limited partnerships or limited liability companies taxed as partnerships, MLPs that are taxed as C-corporations, MLP affiliates.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

1,641

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	NBET	FXU
30 Days		4.48%
60 Days		6.92%
90 Days		12.92%
12 Months		36.77%

5 Overlapping Holdings

Symbol	Grade	Weight in NBET	Weight in FXU	Overlap
CNP	A	3.89%	3.45%	3.45%
CWEN	C	3.86%	2.22%	2.22%
DTE	C	1.83%	2.31%	1.83%
NEE	C	3.19%	0.74%	0.74%
SRE	A	4.15%	3.63%	3.63%

NBET Overweight 18 Positions Relative to FXU

Symbol	Grade	Weight
TRGP	A	8.23%
EPD	A	7.48%
ET	A	7.34%
LNG	A	6.56%
WES	C	5.26%
WMB	A	5.06%
DTM	A	3.68%
AR	B	3.58%
AM	A	3.36%
KNTK	A	3.31%
PAGP	A	2.94%
XOM	B	2.92%
OXY	D	2.87%
EQT	B	2.23%
OKE	A	2.11%
HESM	B	1.95%
APD	A	1.91%
LIN	C	1.82%

NBET 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%