NBCT vs. HSMV ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

NBCT

Neuberger Berman Carbon Transition Infrastructure ETF

NBCT 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 the Managers consider to be those companies that have, or in the Portfolio Managers" view, are reasonably expected to have, at least 20% of their assets or revenue, committed to or derived from infrastructure that will facilitate global decarbonization and/or the reduction of other greenhouse gas emissions.

Grade (RS Rating)

Last Trade

$30.66

Average Daily Volume

1,319

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.41

Average Daily Volume

1,137

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	NBCT	HSMV
30 Days	4.25%	0.35%
60 Days	11.33%	4.14%
90 Days	11.06%	9.74%
12 Months	43.56%	27.25%

2 Overlapping Holdings

	Symbol	Grade	Weight in NBCT	Weight in HSMV	Overlap
	DTM	A	1.7%	1.62%	1.62%
	ORA	C	1.57%	0.26%	0.26%

NBCT Overweight 27 Positions Relative to HSMV

Symbol	Grade	Weight
CEG	B	5.77%
LIN	B	5.38%
ABBV	A	5.18%
ETN	C	4.77%
NEE	A	4.03%
FSLR	C	3.87%
PWR	B	3.8%
HUBB	A	3.67%
LNG	A	3.44%
GEV	B	3.25%
ITRI	C	3.15%
WMB	A	3.03%
WCN	D	2.55%
D	A	2.09%
RSG	D	1.86%
J	D	1.81%
SRE	A	1.6%
GNRC	B	1.55%
CNP	B	1.53%
SHW	B	1.42%
FE	B	1.37%
DUK	A	1.16%
AY	C	1.03%
EXC	A	1.0%
NEP	D	0.95%
JCI	B	0.86%
GTLS	F	0.86%

NBCT Underweight 144 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	A	-2.04%
ORI	B	-1.7%
POST	C	-1.7%
INGR	A	-1.67%
SEIC	B	-1.65%
CTRE	B	-1.6%
OGE	A	-1.53%
CACI	A	-1.48%
IDA	C	-1.46%
MSGS	A	-1.37%
ADC	B	-1.33%
DCI	B	-1.33%
AMH	D	-1.31%
CHE	C	-1.29%
RLI	A	-1.28%
FLO	D	-1.26%
NJR	C	-1.22%
AM	A	-1.2%
NWE	B	-1.18%
NNN	A	-1.16%
NFG	A	-1.15%
FHI	C	-1.14%
OHI	C	-1.13%
POR	C	-1.11%
AFG	C	-1.08%
GNTX	D	-1.06%
MMS	B	-1.06%
GGG	B	-1.04%
GLPI	A	-1.04%
NYT	A	-1.02%
MDU	C	-0.97%
DLB	D	-0.93%
EHC	B	-0.91%
FCPT	C	-0.9%
EPR	C	-0.89%
BKH	C	-0.89%
MSA	F	-0.87%
KBR	C	-0.85%
ELS	D	-0.83%
EFC	D	-0.83%
LSTR	D	-0.78%
ESNT	C	-0.78%
AVA	D	-0.77%
ENSG	D	-0.77%
PECO	C	-0.72%
PRI	A	-0.71%
AWR	A	-0.71%
CBSH	D	-0.71%
OGS	C	-0.71%
RNR	A	-0.7%
EGP	D	-0.7%
EPRT	C	-0.68%
PBH	D	-0.68%
LOPE	D	-0.67%
SLGN	C	-0.66%
CPK	C	-0.65%
RGA	C	-0.65%
RPM	A	-0.63%
CW	A	-0.63%
NMIH	C	-0.61%
AMG	B	-0.61%
AGO	B	-0.6%
SF	A	-0.6%
FCN	C	-0.59%
IDCC	A	-0.59%
PRGS	B	-0.59%
SCI	C	-0.58%
JHG	C	-0.58%
FELE	C	-0.57%
SBRA	C	-0.57%
MTG	B	-0.57%
ACM	C	-0.56%
COLM	B	-0.56%
BCPC	C	-0.54%
CWT	D	-0.54%
ARW	C	-0.54%
RS	D	-0.52%
AVT	C	-0.52%
FNF	A	-0.52%
EPC	F	-0.52%
CHH	B	-0.52%
GATX	F	-0.51%
FR	C	-0.48%
FLS	A	-0.47%
LANC	F	-0.47%
MSM	D	-0.47%
LAMR	C	-0.46%
MUSA	D	-0.46%
BRX	C	-0.46%
RYN	C	-0.45%
CHDN	D	-0.44%
PFGC	A	-0.43%
ASH	F	-0.42%
BWXT	A	-0.42%
BLKB	C	-0.42%
FAF	B	-0.41%
SAIC	A	-0.41%
RDN	D	-0.41%
PB	D	-0.4%
JEF	A	-0.39%
CLH	C	-0.39%
ENR	B	-0.39%
CNO	C	-0.39%
MAN	D	-0.38%
ITT	B	-0.38%
LXP	D	-0.38%
GPK	C	-0.38%
RGLD	C	-0.35%
ABM	D	-0.35%
IOSP	F	-0.35%
BJ	D	-0.35%
CSL	A	-0.34%
AGCO	D	-0.33%
FNB	D	-0.33%
JJSF	B	-0.33%
COOP	B	-0.33%
LECO	D	-0.33%
MTN	D	-0.31%
G	A	-0.31%
JAZZ	F	-0.31%
EXEL	B	-0.3%
KEX	C	-0.3%
EVR	C	-0.3%
MIDD	D	-0.29%
CRI	D	-0.28%
HRB	C	-0.28%
ALV	F	-0.28%
ONB	D	-0.28%
KFY	C	-0.28%
CUBE	C	-0.27%
LFUS	C	-0.27%
EVTC	D	-0.27%
R	C	-0.27%
LII	C	-0.26%
OSK	F	-0.26%
AIN	F	-0.26%
FSS	B	-0.25%
HXL	F	-0.24%
PLXS	B	-0.24%
REXR	D	-0.24%
CASY	D	-0.24%
IRT	C	-0.23%
PCH	C	-0.21%
NSA	C	-0.15%