AMZA vs. NBET ETF Comparison

Comparison of InfraCap MLP ETF (AMZA) to Neuberger Berman Energy Transition & Infrastructure ETF (NBET)

AMZA

InfraCap MLP ETF

AMZA Description

The investment seeks total return primarily through investments in equity securities of publicly traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"). Under normal market conditions, the fund will invest not less than 80% of its total assets in equity securities of MLPs in the energy infrastructure sector. Under normal circumstances, the fund will not invest more than 15% of its total assets in any one issuer. It is non-diversified.

Grade (RS Rating)

Last Trade

$44.40

Average Daily Volume

35,708

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	AMZA	NBET
30 Days	10.48%
60 Days	10.25%
90 Days	10.95%
12 Months	32.64%

9 Overlapping Holdings

Symbol	Grade	Weight in AMZA	Weight in NBET	Overlap
DTM	A	0.85%	3.68%	0.85%
EPD	A	12.82%	7.48%	7.48%
ET	A	13.31%	7.34%	7.34%
HESM	B	5.1%	1.95%	1.95%
LNG	A	2.79%	6.56%	2.79%
OKE	A	1.35%	2.11%	1.35%
TRGP	A	2.57%	8.23%	2.57%
WES	C	12.77%	5.26%	5.26%
WMB	A	3.76%	5.06%	3.76%

AMZA Overweight 15 Positions Relative to NBET

Symbol	Grade	Weight
MPLX	A	15.42%
SUN	B	15.3%
PAA	B	14.83%
CQP	B	5.15%
ENLC	A	2.79%
DKL	C	2.01%
GEL	D	1.76%
VLO	C	1.66%
GLP	A	1.65%
KMI	A	1.6%
USAC	B	1.36%
MPC	D	1.08%
PSX	C	0.54%
SPH	C	0.18%
DINO	D	0.01%

AMZA Underweight 14 Positions Relative to NBET

Symbol	Grade	Weight
SRE	A	-4.15%
CNP	A	-3.89%
CWEN	C	-3.86%
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%
APD	A	-1.91%
DTE	C	-1.83%
LIN	C	-1.82%

AMZA: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Refining & Marketing Oil & Gas Equipment & Services Oil & Gas Pipelines Utilities - Regulated Gas