NBET vs. USAI ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to Pacer American Energy Independence ETF (USAI)

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

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	NBET	USAI
30 Days		13.46%
60 Days		19.91%
90 Days		22.35%
12 Months		50.31%

12 Overlapping Holdings

Symbol	Grade	Weight in NBET	Weight in USAI	Overlap
AM	A	3.36%	2.46%	2.46%
DTM	A	3.68%	3.64%	3.64%
EPD	A	7.48%	3.94%	3.94%
ET	A	7.34%	6.78%	6.78%
HESM	B	1.95%	2.11%	1.95%
KNTK	A	3.31%	2.34%	2.34%
LNG	A	6.56%	4.38%	4.38%
OKE	A	2.11%	7.35%	2.11%
PAGP	A	2.94%	2.12%	2.12%
TRGP	A	8.23%	4.7%	4.7%
WES	C	5.26%	2.29%	2.29%
WMB	A	5.06%	7.84%	5.06%

NBET Overweight 11 Positions Relative to USAI

Symbol	Grade	Weight
SRE	A	4.15%
CNP	A	3.89%
CWEN	C	3.86%
AR	B	3.58%
NEE	C	3.19%
XOM	B	2.92%
OXY	D	2.87%
EQT	B	2.23%
APD	A	1.91%
DTE	C	1.83%
LIN	C	1.82%

NBET 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%