USAI vs. NBET ETF Comparison

Comparison of Pacer American Energy Independence ETF (USAI) to Neuberger Berman Energy Transition & Infrastructure ETF (NBET)

USAI

Pacer American Energy Independence ETF

USAI Description

The investment seeks to track the performance, before fees and expenses, of the American Energy Independence Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing foreign securities. The index uses a proprietary, rules-based methodology to measure the performance of a portfolio of U.S. and Canadian exchange-listed equity securities of companies that generate a majority of their cash flow from certain qualifying midstream energy infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$40.92

Average Daily Volume

7,428

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$33.40

Average Daily Volume

892

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USAI	NBET
30 Days	10.72%
60 Days	17.44%
90 Days	21.25%
12 Months	48.28%

12 Overlapping Holdings

Symbol	Grade	Weight in USAI	Weight in NBET	Overlap
AM	A	2.46%	3.36%	2.46%
DTM	A	3.64%	3.68%	3.64%
EPD	A	3.94%	7.48%	3.94%
ET	A	6.78%	7.34%	6.78%
HESM	A	2.11%	1.95%	1.95%
KNTK	A	2.34%	3.31%	2.34%
LNG	A	4.38%	6.56%	4.38%
OKE	A	7.35%	2.11%	2.11%
PAGP	A	2.12%	2.94%	2.12%
TRGP	A	4.7%	8.23%	4.7%
WES	C	2.29%	5.26%	2.29%
WMB	A	7.84%	5.06%	5.06%

USAI Overweight 8 Positions Relative to NBET

Symbol	Grade	Weight
KMI	A	7.87%
MPLX	A	3.9%
NEXT	B	2.62%
AROC	A	2.42%
ENLC	A	2.31%
EE	A	2.19%
NFE	F	1.64%
GEL	D	1.28%

USAI Underweight 11 Positions Relative to NBET

Symbol	Grade	Weight
SRE	A	-4.15%
CNP	A	-3.89%
CWEN	C	-3.86%
AR	B	-3.58%
NEE	C	-3.19%
XOM	B	-2.92%
OXY	F	-2.87%
EQT	A	-2.23%
APD	A	-1.91%
DTE	C	-1.83%
LIN	D	-1.82%