NBET vs. RSPU ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to Invesco S&P 500 Equal Weight Utilities ETF (RSPU)

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

$34.32

Average Daily Volume

1,829

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RSPU

Invesco S&P 500 Equal Weight Utilities ETF

RSPU Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Utilities Plus Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the utilities sector, as defined according to the Global Industry Classification Standard (GICS).

Grade (RS Rating)

Last Trade

$70.39

Average Daily Volume

33,832

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBET	RSPU
30 Days		1.79%
60 Days		3.47%
90 Days		10.18%
12 Months		33.73%

4 Overlapping Holdings

Symbol	Grade	Weight in NBET	Weight in RSPU	Overlap
CNP	B	3.89%	3.47%	3.47%
DTE	C	1.83%	2.97%	1.83%
NEE	D	3.19%	2.8%	2.8%
SRE	A	4.15%	3.48%	3.48%

NBET Overweight 19 Positions Relative to RSPU

Symbol	Grade	Weight
TRGP	B	8.23%
EPD	A	7.48%
ET	A	7.34%
LNG	B	6.56%
WES	C	5.26%
WMB	A	5.06%
CWEN	C	3.86%
DTM	B	3.68%
AR	B	3.58%
AM	A	3.36%
KNTK	B	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	D	1.82%

NBET Underweight 27 Positions Relative to RSPU

Symbol	Grade	Weight
VST	B	-5.33%
ETR	B	-3.65%
CEG	D	-3.65%
NRG	B	-3.58%
AEE	A	-3.42%
XEL	A	-3.41%
NI	A	-3.36%
ATO	A	-3.34%
PCG	A	-3.31%
PEG	A	-3.3%
EVRG	A	-3.25%
PPL	B	-3.25%
WEC	A	-3.22%
LNT	A	-3.22%
PNW	B	-3.14%
D	C	-3.08%
EIX	B	-3.06%
SO	D	-3.06%
CMS	C	-3.04%
EXC	C	-3.03%
DUK	C	-3.01%
FE	C	-2.91%
AEP	D	-2.88%
ED	D	-2.87%
AWK	D	-2.87%
ES	D	-2.84%
AES	F	-2.3%