NBCT vs. XLE ETF Comparison

Comparison of Neuberger Berman Carbon Transition Infrastructure ETF (NBCT) to SPDR Select Sector Fund - Energy Select Sector (XLE)
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 *

23

* may have additional holdings in another (foreign) market
XLE

SPDR Select Sector Fund - Energy Select Sector

XLE Description The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Energy Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: oil, gas & consumable fuels; and energy equipment & services. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$97.12

Average Daily Volume

14,046,412

Number of Holdings *

22

* may have additional holdings in another (foreign) market
Performance
Period NBCT XLE
30 Days -0.15% 7.58%
60 Days 4.26% 10.32%
90 Days 11.35% 8.33%
12 Months 42.98% 18.78%
6 Overlapping Holdings
Symbol Grade Weight in NBCT Weight in XLE Overlap
EQT B 2.29% 1.81% 1.81%
OKE A 2.12% 4.52% 2.12%
OXY D 2.86% 2.36% 2.36%
TRGP A 8.39% 3.0% 3.0%
WMB A 5.18% 4.85% 4.85%
XOM B 2.93% 21.93% 2.93%
NBCT Overweight 17 Positions Relative to XLE
Symbol Grade Weight
EPD A 7.42%
ET A 7.32%
LNG A 6.69%
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%
HESM B 1.93%
APD A 1.89%
DTE C 1.85%
LIN C 1.84%
NBCT Underweight 16 Positions Relative to XLE
Symbol Grade Weight
CVX A -15.51%
COP C -7.49%
EOG A -4.54%
SLB C -4.25%
PSX C -3.78%
KMI A -3.69%
MPC D -3.68%
VLO C -3.17%
BKR A -2.94%
HES B -2.79%
FANG C -2.34%
HAL C -1.85%
DVN F -1.67%
CTRA B -1.33%
MRO B -1.12%
APA D -0.57%
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