NBET vs. IDU ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to iShares U.S. Utilities ETF (IDU)

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

$34.36

Average Daily Volume

1,641

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	NBET	IDU
30 Days		1.12%
60 Days		3.44%
90 Days		8.81%
12 Months		36.19%

6 Overlapping Holdings

Symbol	Grade	Weight in NBET	Weight in IDU	Overlap
CNP	A	3.89%	1.37%	1.37%
CWEN	C	3.86%	0.16%	0.16%
CWEN	C	3.86%	0.06%	0.06%
DTE	C	1.83%	1.78%	1.78%
NEE	C	3.19%	11.18%	3.19%
SRE	A	4.15%	4.14%	4.14%

NBET Overweight 18 Positions Relative to IDU

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 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%