NBET vs. FFLC ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to Fidelity Fundamental Large Cap Core ETF (FFLC)
NBET

Neuberger Berman Energy Transition & Infrastructure ETF

NBET 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 manager considers to be those companies operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded master limited partnerships or limited liability companies taxed as partnerships, MLPs that are taxed as C-corporations, MLP affiliates.

Grade (RS Rating)

Last Trade

$34.32

Average Daily Volume

1,829

Number of Holdings *

23

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

Fidelity Fundamental Large Cap Core ETF

FFLC Description FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings *

87

* may have additional holdings in another (foreign) market
Performance
Period NBET FFLC
30 Days 2.14%
60 Days 3.92%
90 Days 6.30%
12 Months 37.29%
3 Overlapping Holdings
Symbol Grade Weight in NBET Weight in FFLC Overlap
LIN D 1.82% 0.2% 0.2%
LNG B 6.56% 0.03% 0.03%
XOM B 2.92% 2.88% 2.88%
NBET Overweight 20 Positions Relative to FFLC
Symbol Grade Weight
TRGP B 8.23%
EPD A 7.48%
ET A 7.34%
WES C 5.26%
WMB A 5.06%
SRE A 4.15%
CNP B 3.89%
CWEN C 3.86%
DTM B 3.68%
AR B 3.58%
AM A 3.36%
KNTK B 3.31%
NEE D 3.19%
PAGP A 2.94%
OXY D 2.87%
EQT B 2.23%
OKE A 2.11%
HESM B 1.95%
APD A 1.91%
DTE C 1.83%
NBET Underweight 84 Positions Relative to FFLC
Symbol Grade Weight
MSFT F -6.98%
NVDA C -5.71%
META D -4.7%
AAPL C -4.26%
GOOGL C -3.2%
AMZN C -2.89%
BAC A -2.18%
AVGO D -1.98%
LLY F -1.85%
WFC A -1.82%
SO D -1.72%
UNH C -1.72%
CMCSA B -1.69%
GE D -1.61%
BSX B -1.35%
FI A -1.34%
V A -1.31%
EIX B -1.31%
CI F -1.23%
TMO F -1.18%
SAP B -1.15%
CSCO B -1.1%
LOW D -1.06%
CEG D -1.06%
KVUE A -1.04%
ETN A -1.02%
PNC B -1.01%
KDP D -1.0%
INTU C -1.0%
ORCL B -0.97%
TSM B -0.97%
KO D -0.94%
USB A -0.94%
URI B -0.92%
BMY B -0.92%
GEV B -0.87%
TRV B -0.87%
MA C -0.85%
APH A -0.85%
MOD A -0.84%
ALSN B -0.83%
UPS C -0.78%
RPRX D -0.76%
REGN F -0.75%
CB C -0.73%
BA F -0.72%
VRT B -0.66%
HRB D -0.64%
ELV F -0.63%
COST B -0.63%
ABBV D -0.61%
UBER D -0.61%
CCI D -0.61%
APO B -0.61%
KNX B -0.59%
FDX B -0.58%
WSO A -0.56%
NVO D -0.53%
DOX D -0.53%
HLT A -0.52%
MLM B -0.49%
AMT D -0.43%
DEO F -0.43%
MAR B -0.42%
AJG B -0.41%
WSM B -0.4%
GD F -0.38%
GEN B -0.37%
COR B -0.37%
LEN D -0.36%
ABNB C -0.33%
GSK F -0.3%
HII D -0.29%
GILD C -0.27%
NOC D -0.25%
TMUS B -0.2%
MELI D -0.2%
DKS C -0.19%
SPR D -0.19%
ASML F -0.18%
SPG B -0.18%
IP B -0.18%
KBR F -0.17%
MRVL B -0.02%
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