NVIR vs. ECLN ETF Comparison

Comparison of Listed Funds Trust Horizon Kinetics Energy and Remediation ETF (NVIR) to First Trust EIP Carbon Impact ETF (ECLN)

NVIR

Listed Funds Trust Horizon Kinetics Energy and Remediation ETF

NVIR Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in securities of companies that are expected to benefit, either directly or indirectly, from the increasing focus on climate and environmentally sensitive carbon-based energy production. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.00

Average Daily Volume

595

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.91

Average Daily Volume

6,965

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NVIR	ECLN
30 Days	11.53%	5.35%
60 Days	13.39%	7.15%
90 Days	12.95%	11.18%
12 Months	26.24%	32.72%

3 Overlapping Holdings

Symbol	Grade	Weight in NVIR	Weight in ECLN	Overlap
FLR	B	1.82%	1.31%	1.31%
LNG	A	4.14%	1.95%	1.95%
WMB	A	5.08%	3.57%	3.57%

NVIR Overweight 26 Positions Relative to ECLN

Symbol	Grade	Weight
XOM	B	7.4%
TPL	A	6.13%
EQT	B	3.97%
FANG	C	3.88%
EOG	A	3.28%
COP	C	3.11%
ITRI	C	2.71%
PNR	A	2.5%
BMI	B	2.42%
OXY	D	2.41%
SLB	C	2.3%
FLS	B	2.21%
ECL	D	2.04%
VLTO	C	1.72%
WTS	B	1.56%
OIS	B	1.52%
XYL	D	1.52%
PBT	B	1.52%
LBRT	D	1.5%
FELE	B	1.48%
IEX	C	1.32%
TTI	B	1.31%
ERII	D	1.16%
IDXX	F	1.11%
SJT	C	0.95%
SBR	B	0.77%

NVIR Underweight 37 Positions Relative to ECLN

Symbol	Grade	Weight
DTM	A	-6.56%
TRGP	A	-5.36%
SRE	A	-4.29%
ATO	A	-4.01%
XEL	A	-3.71%
PPL	A	-3.52%
AEP	C	-3.48%
WEC	A	-3.27%
PEG	A	-3.1%
LNT	A	-2.88%
CQP	B	-2.84%
CMS	C	-2.83%
CWEN	C	-2.63%
NFG	A	-2.6%
DTE	C	-2.43%
EVRG	A	-2.37%
IDA	A	-2.28%
PWR	A	-2.21%
OGS	A	-2.05%
AES	F	-1.95%
VST	A	-1.84%
ETR	B	-1.18%
DUK	C	-1.0%
CEG	C	-0.96%
SO	C	-0.95%
OGE	A	-0.66%
NEP	F	-0.65%
WTRG	B	-0.64%
GNRC	C	-0.6%
D	C	-0.51%
CPK	A	-0.46%
CNP	A	-0.41%
AWK	C	-0.35%
AEE	A	-0.33%
J	D	-0.23%
EIX	B	-0.18%
NJR	A	-0.18%