NBCR vs. BERZ ETF Comparison

Comparison of Neuberger Berman ETF Trust Neuberger Berman Core Equity ETF (NBCR) to MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (BERZ)

NBCR

Neuberger Berman ETF Trust Neuberger Berman Core Equity ETF

NBCR Description

To pursue its goal, the fund invests mainly in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The portfolio managers seek to invest in a broadly diversified group of securities that have the potential to outperform the Russell 1000 Index with a lower level of risk through security selection.

Grade (RS Rating)

Last Trade

$26.32

Average Daily Volume

171,894

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BERZ

MicroSectors FANG & Innovation -3x Inverse Leveraged ETN

BERZ Description

BERZ provides daily -3x inverse exposure to an index of FANG and technology companies that meet certain requirements. The fund will consistently comprise eight core components (Alphabet, Amazon, Apple, Facebook, Microsoft, Netflix, NVIDIA, and Tesla) and include seven companies determined through a selection methodology. Eligible securities must be listed on a US exchange, classified in the technology sector, and have a market cap of at least 10 billion USD. Selection will begin with ranking the securities by market cap and selecting the 30 largest companies which will then be sorted by 12-month average daily value traded. The top seven stocks will complete the index along with the eight core components and are then equally weighted. The index is rebalanced monthly and reconstituted quarterly. As a leveraged inverse product with -3x factor that resets daily, BERZ is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Grade (RS Rating)

Last Trade

$18.78

Average Daily Volume

128,752

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCR	BERZ
30 Days	1.63%	-1.05%
60 Days		-1.47%
90 Days		-8.26%
12 Months		-75.39%

5 Overlapping Holdings

Symbol	Grade	Weight in NBCR	Weight in BERZ	Overlap
AAPL	C	6.69%	6.67%	6.67%
AMZN	C	3.45%	6.67%	3.45%
GOOGL	D	3.27%	6.67%	3.27%
MSFT	C	6.27%	6.67%	6.27%
NVDA	D	5.94%	6.67%	5.94%

NBCR Overweight 5 Positions Relative to BERZ

Symbol	Grade	Weight
GOOG	D	1.88%
LLY	C	1.77%
JPM	D	1.61%
AON	B	1.38%
XOM	D	1.17%

NBCR Underweight 10 Positions Relative to BERZ

Symbol	Grade	Weight
TSLA	C	-6.67%
CRM	D	-6.67%
PANW	C	-6.67%
NFLX	B	-6.67%
MU	F	-6.67%
INTC	F	-6.67%
AVGO	C	-6.67%
AMD	D	-6.67%
ADBE	F	-6.67%
META	A	-6.67%