NBCT vs. TAN ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to Invesco Solar ETF (TAN)

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

$28.16

Average Daily Volume

1,290

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TAN

Invesco Solar ETF

TAN Description

The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.97

Average Daily Volume

1,003,016

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBCT	TAN
30 Days	3.23%	-1.24%
60 Days	1.49%	-3.66%
90 Days	0.39%	-15.17%
12 Months	20.01%	-29.79%

2 Overlapping Holdings

	Symbol	Grade	Weight in NBCT	Weight in TAN	Overlap
	AY	A	1.1%	1.79%	1.1%
	FSLR	C	3.57%	9.27%	3.57%

NBCT Overweight 27 Positions Relative to TAN

Symbol	Grade	Weight
LIN	B	5.58%
ABBV	B	5.26%
CEG	D	4.62%
ETN	D	4.56%
NEE	A	4.08%
LNG	B	3.75%
PWR	C	3.68%
HUBB	C	3.59%
ITRI	D	3.28%
WMB	B	3.26%
WCN	B	2.8%
GEV	A	2.62%
D	A	2.18%
RSG	B	2.02%
J	C	1.85%
DTM	B	1.79%
SRE	B	1.68%
GNRC	C	1.67%
ORA	C	1.6%
CNP	D	1.51%
FE	A	1.45%
SHW	B	1.41%
DUK	A	1.2%
EXC	A	1.0%
NEP	F	0.92%
GTLS	F	0.91%
JCI	C	0.85%

NBCT Underweight 14 Positions Relative to TAN

Symbol	Grade	Weight
ENPH	D	-10.84%
RUN	B	-8.47%
HASI	B	-3.74%
NOVA	B	-3.17%
SEDG	F	-2.98%
CWEN	B	-2.73%
SHLS	F	-2.2%
DQ	D	-2.11%
JKS	F	-2.07%
ARRY	F	-2.06%
CSIQ	F	-1.7%
RNW	D	-0.71%
RENB	F	-0.57%
AMPS	D	-0.56%