NBCT vs. PUI ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to PowerShares Dynamic Utilities (PUI)

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

PUI

PowerShares Dynamic Utilities

PUI Description

The PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US utilities companies. These companies are principally engaged in providing either energy, water, natural gas or telecommunications services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$41.33

Average Daily Volume

8,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCT	PUI
30 Days	-0.15%	1.88%
60 Days	4.26%	3.87%
90 Days	11.35%	10.52%
12 Months	42.98%	36.03%

4 Overlapping Holdings

Symbol	Grade	Weight in NBCT	Weight in PUI	Overlap
CNP	A	3.96%	2.75%	2.75%
DTE	C	1.85%	2.96%	1.85%
OKE	A	2.12%	4.13%	2.12%
SRE	A	4.25%	3.59%	3.59%

NBCT Overweight 19 Positions Relative to PUI

Symbol	Grade	Weight
TRGP	A	8.39%
EPD	A	7.42%
ET	A	7.32%
LNG	A	6.69%
WMB	A	5.18%
WES	C	5.07%
CWEN	C	3.78%
DTM	A	3.71%
AR	B	3.69%
AM	A	3.45%
KNTK	A	3.27%
NEE	C	3.16%
XOM	B	2.93%
PAGP	A	2.9%
OXY	F	2.86%
EQT	A	2.29%
HESM	A	1.93%
APD	A	1.89%
LIN	D	1.84%

NBCT Underweight 29 Positions Relative to PUI

Symbol	Grade	Weight
VST	A	-5.0%
LUMN	C	-4.64%
PCG	A	-3.74%
ATO	A	-3.62%
NI	A	-3.53%
CEG	C	-3.51%
WEC	A	-3.46%
PEG	C	-3.39%
DUK	C	-3.38%
XEL	A	-3.35%
NRG	B	-3.3%
T	A	-3.16%
SO	C	-3.05%
AWK	C	-2.99%
CMS	C	-2.98%
EVRG	A	-2.83%
LNT	A	-2.82%
AEE	A	-2.75%
PNW	B	-2.72%
IDA	A	-2.64%
EIX	C	-2.48%
FE	C	-2.45%
ED	C	-2.37%
AEP	C	-2.35%
ES	C	-2.31%
NFG	A	-2.29%
NJR	A	-2.24%
OTTR	C	-2.18%
NOVA	F	-0.83%