NBCT vs. NVIR ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to Listed Funds Trust Horizon Kinetics Energy and Remediation ETF (NVIR)

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

13,227

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	NBCT	NVIR
30 Days	-0.15%	11.53%
60 Days	4.26%	13.39%
90 Days	11.35%	12.95%
12 Months	42.98%	26.24%

5 Overlapping Holdings

Symbol	Grade	Weight in NBCT	Weight in NVIR	Overlap
EQT	B	2.29%	3.97%	2.29%
LNG	A	6.69%	4.14%	4.14%
OXY	D	2.86%	2.41%	2.41%
WMB	A	5.18%	5.08%	5.08%
XOM	B	2.93%	7.4%	2.93%

NBCT Overweight 18 Positions Relative to NVIR

Symbol	Grade	Weight
TRGP	A	8.39%
EPD	A	7.42%
ET	A	7.32%
WES	C	5.07%
SRE	A	4.25%
CNP	A	3.96%
CWEN	C	3.78%
DTM	A	3.71%
AR	B	3.69%
AM	A	3.45%
KNTK	A	3.27%
NEE	C	3.16%
PAGP	A	2.9%
OKE	A	2.12%
HESM	B	1.93%
APD	A	1.89%
DTE	C	1.85%
LIN	C	1.84%

NBCT Underweight 24 Positions Relative to NVIR

Symbol	Grade	Weight
TPL	A	-6.13%
FANG	C	-3.88%
EOG	A	-3.28%
COP	C	-3.11%
ITRI	C	-2.71%
PNR	A	-2.5%
BMI	B	-2.42%
SLB	C	-2.3%
FLS	B	-2.21%
ECL	D	-2.04%
FLR	B	-1.82%
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%