NBET vs. RSPG ETF Comparison

Comparison of Neuberger Berman Energy Transition & Infrastructure ETF (NBET) to Invesco S&P 500 Equal Weight Energy ETF (RSPG)

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

$34.31

Average Daily Volume

1,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RSPG

Invesco S&P 500 Equal Weight Energy ETF

RSPG Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Energy Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the energy sector, as defined according to the Global Industry Classification Standard (GICS).

Grade (RS Rating)

Last Trade

$85.96

Average Daily Volume

41,004

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBET	RSPG
30 Days		9.20%
60 Days		11.22%
90 Days		8.69%
12 Months		18.13%

6 Overlapping Holdings

Symbol	Grade	Weight in NBET	Weight in RSPG	Overlap
EQT	B	2.23%	5.25%	2.23%
OKE	A	2.11%	4.81%	2.11%
OXY	D	2.87%	4.05%	2.87%
TRGP	A	8.23%	5.26%	5.26%
WMB	A	5.06%	5.02%	5.02%
XOM	B	2.92%	4.42%	2.92%

NBET Overweight 17 Positions Relative to RSPG

Symbol	Grade	Weight
EPD	A	7.48%
ET	A	7.34%
LNG	A	6.56%
WES	C	5.26%
SRE	A	4.15%
CNP	A	3.89%
CWEN	C	3.86%
DTM	A	3.68%
AR	B	3.58%
AM	A	3.36%
KNTK	A	3.31%
NEE	C	3.19%
PAGP	A	2.94%
HESM	B	1.95%
APD	A	1.91%
DTE	C	1.83%
LIN	C	1.82%

NBET Underweight 16 Positions Relative to RSPG

Symbol	Grade	Weight
BKR	A	-5.26%
KMI	A	-5.15%
CVX	A	-4.69%
EOG	A	-4.62%
HES	B	-4.6%
CTRA	B	-4.55%
MRO	B	-4.5%
COP	C	-4.45%
SLB	C	-4.43%
HAL	C	-4.4%
FANG	C	-4.31%
VLO	C	-4.25%
PSX	C	-4.17%
DVN	F	-4.07%
MPC	D	-3.94%
APA	D	-3.85%