NBGR vs. SRS ETF Comparison

Comparison of Neuberger Berman Global Real Estate ETF (NBGR) to ProShares UltraShort Real Estate (SRS)

NBGR

Neuberger Berman Global Real Estate ETF

NBGR Description

The fund normally invests at least 80% of its net assets in U.S. and non-U.S. equity securities issued by real estate investment trusts and common stocks and other securities issued by other real estate companies, including rights and warrants, and convertible and preferred securities. It defines a real estate company as one that derives at least 50% of its revenue or profits from real estate or has at least 50% of its assets invested in real estate.

Grade (RS Rating)

Last Trade

$29.97

Average Daily Volume

603

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.26

Average Daily Volume

44,529

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBGR	SRS
30 Days	3.49%	-4.87%
60 Days	10.57%	-14.52%
90 Days	17.40%	-24.24%
12 Months		-42.56%

30 Overlapping Holdings

Symbol	Grade	Weight in NBGR	Weight in SRS	Overlap
AMT	C	5.2%	8.05%	5.2%
AVB	C	3.34%	2.35%	2.35%
BXP	C	0.76%	1.56%	0.76%
CCI	C	1.3%	4.7%	1.3%
CPT	C	1.2%	0.83%	0.83%
DLR	B	1.2%	2.02%	1.2%
ELS	D	1.04%	1.0%	1.0%
EQIX	B	4.44%	3.91%	3.91%
EXR	C	1.53%	1.13%	1.13%
FRT	C	1.05%	0.71%	0.71%
GLPI	C	1.13%	0.72%	0.72%
HPP	F	0.84%	0.45%	0.45%
INVH	D	1.07%	1.28%	1.07%
IRM	C	2.96%	0.7%	0.7%
KIM	C	1.07%	0.67%	0.67%
KRC	C	0.88%	0.63%	0.63%
MAC	B	0.86%	0.22%	0.22%
O	B	1.84%	1.94%	1.84%
OHI	C	1.07%	0.74%	0.74%
PLD	C	4.28%	4.64%	4.28%
PSA	C	4.11%	2.58%	2.58%
REXR	C	1.0%	0.41%	0.41%
SBAC	C	2.31%	2.21%	2.21%
SPG	B	2.69%	3.53%	2.69%
SUI	C	2.25%	1.12%	1.12%
UDR	C	1.49%	1.08%	1.08%
VICI	C	1.12%	0.76%	0.76%
VTR	C	2.12%	1.71%	1.71%
WELL	C	2.93%	2.73%	2.73%
WY	C	1.3%	1.8%	1.3%

NBGR Overweight 2 Positions Relative to SRS

	Symbol	Grade	Weight
	EPRT	B	1.27%
	ROIC	C	0.45%

NBGR Underweight 57 Positions Relative to SRS

Symbol	Grade	Weight
EQR	C	-2.24%
CSGP	D	-1.85%
ESS	C	-1.59%
CBRE	B	-1.59%
ARE	C	-1.46%
DOC	B	-1.4%
MAA	C	-1.19%
WPC	C	-1.12%
NLY	B	-1.08%
HST	D	-1.0%
MPW	C	-0.9%
VNO	B	-0.83%
REG	C	-0.82%
AGNC	B	-0.77%
NNN	B	-0.74%
JLL	B	-0.69%
LAMR	B	-0.62%
AIV	C	-0.61%
SLG	C	-0.58%
STWD	B	-0.56%
AMH	D	-0.54%
DEI	B	-0.54%
COLD	D	-0.53%
CUZ	C	-0.48%
BRX	C	-0.48%
CUBE	C	-0.47%
PK	D	-0.46%
EPR	C	-0.44%
HHH	C	-0.42%
FR	C	-0.42%
EGP	C	-0.41%
HIW	C	-0.41%
BXMT	C	-0.39%
RHP	C	-0.37%
JBGS	C	-0.37%
HR	B	-0.36%
SBRA	C	-0.33%
TWO	C	-0.32%
OUT	B	-0.32%
RYN	C	-0.32%
CIM	C	-0.31%
SVC	F	-0.31%
EQC	D	-0.31%
NHI	C	-0.29%
DSS	F	-0.28%
MFA	C	-0.28%
APLE	C	-0.26%
PEB	D	-0.26%
SHO	C	-0.24%
RLJ	D	-0.23%
PDM	C	-0.23%
PCH	C	-0.23%
BDN	C	-0.22%
PGRE	D	-0.22%
LXP	C	-0.21%
IVR	C	-0.19%
XHR	B	-0.18%