NBET vs. PUI ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to PowerShares Dynamic Utilities (PUI)

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

PUI

PowerShares Dynamic Utilities

PUI Description

The PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US utilities companies. These companies are principally engaged in providing either energy, water, natural gas or telecommunications services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$42.36

Average Daily Volume

8,330

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBET	PUI
30 Days		5.64%
60 Days		6.46%
90 Days		12.60%
12 Months		38.52%

4 Overlapping Holdings

Symbol	Grade	Weight in NBET	Weight in PUI	Overlap
CNP	A	3.89%	2.86%	2.86%
DTE	C	1.83%	2.99%	1.83%
OKE	A	2.11%	4.27%	2.11%
SRE	A	4.15%	3.63%	3.63%

NBET Overweight 19 Positions Relative to PUI

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%
CWEN	C	3.86%
DTM	A	3.68%
AR	B	3.58%
AM	A	3.36%
KNTK	A	3.31%
NEE	C	3.19%
PAGP	A	2.94%
XOM	B	2.92%
OXY	D	2.87%
EQT	B	2.23%
HESM	B	1.95%
APD	A	1.91%
LIN	C	1.82%

NBET Underweight 29 Positions Relative to PUI

Symbol	Grade	Weight
VST	A	-5.04%
PCG	A	-3.74%
LUMN	C	-3.73%
ATO	A	-3.65%
NI	A	-3.59%
WEC	A	-3.49%
PEG	A	-3.46%
DUK	C	-3.42%
XEL	A	-3.42%
CEG	C	-3.41%
T	A	-3.27%
NRG	B	-3.27%
AWK	C	-3.05%
SO	C	-3.05%
CMS	C	-2.98%
LNT	A	-2.91%
EVRG	A	-2.86%
AEE	A	-2.76%
PNW	A	-2.72%
IDA	A	-2.68%
EIX	B	-2.49%
FE	C	-2.46%
AEP	C	-2.4%
ES	C	-2.35%
ED	C	-2.33%
NFG	A	-2.32%
NJR	A	-2.29%
OTTR	C	-2.15%
NOVA	F	-0.87%