NBCT ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

The Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) is an equity ETF with $0.03B in assets under management and an expense ratio of 0.55%.

NBCT focuses on companies involved in carbon transition and infrastructure, differentiating itself by targeting firms with at least 20% of their assets or revenue tied to decarbonization efforts. The fund's concentrated portfolio of 44 holdings aims to capitalize on the growing demand for sustainable infrastructure and energy solutions.

Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) ETF — Price, Holdings & Analysis

The Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) is an equity ETF with $0.03B in assets under management and an expense ratio of 0.55%. NBCT focuses on companies involved in carbon transition and infrastructure, differentiating itself by targeting firms with at least 20% of their assets or revenue tied to decarbonization efforts. The fund's concentrated portfolio of 44 holdings aims to capitalize on the growing demand for sustainable infrastructure and energy solutions.

ETF Overview

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.

NBCT aims to provide investment results that closely correspond, before fees and expenses, to the performance of companies involved in carbon transition and infrastructure development. The fund invests at least 80% of its net assets in equity securities of carbon transition companies and infrastructure companies. A significant portion of its assets are allocated to companies that derive a substantial portion of their revenue or assets from infrastructure facilitating global decarbonization and greenhouse gas emission reduction. The ETF's top holdings include Constellation Energy Corp (5.94%), Linde PLC (5.33%), and Eaton Corp PLC (4.98%). Sector allocation is heavily weighted towards Utilities (21.3%), Industrials (19.1%), and Energy (18.2%), reflecting the fund's focus on infrastructure and energy transition. NBCT offers investors targeted exposure to companies driving the shift towards a lower-carbon economy.

Risk Metrics

NBCT carries concentration risk due to its relatively small number of holdings (44), meaning that the performance of a few key companies can significantly impact the fund's overall returns. The fund's sector allocation also introduces risk, as its heavy weighting in Utilities, Industrials, and Energy makes it susceptible to sector-specific downturns. With a beta of 0.00 (3Y), NBCT has demonstrated very low volatility relative to the broader market, but this could change over time. The expense ratio of 0.55% will create a drag on returns, especially when compared to lower-cost broad market ETFs. These factors when evaluating NBCT's risk profile may be worth researching.

Expense Ratio

0.55%

What does NBCT hold?

Holding	Weight
Constellation Energy Corp (CEG)	5.94%
Linde PLC (LIN)	5.33%
Eaton Corp PLC (ETN)	4.98%
ABB Ltd (ABBN.SW)	4.93%
Quanta Services Inc (PWR)	4.03%
GE Vernova Inc (GEV)	3.87%
CRH PLC (CRH)	3.87%
NextEra Energy Inc (NEE)	3.85%
Schneider Electric SE (SU.PA)	3.79%
Hubbell Inc (HUBB)	3.73%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	29.5%
Utilities	21.3%
Industrials	19.1%
Energy	18.2%
Basic Materials	8.0%
Technology	4.0%

Dividend Yield

1.00%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is NBCT and what does it track?

The Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT) is an exchange-traded fund that focuses on companies involved in the transition to a lower-carbon economy and the development of related infrastructure.

The fund invests at least 80% of its net assets in equity securities of carbon transition companies and infrastructure companies.

What is the expense ratio for NBCT?

The expense ratio for NBCT is 0.55%. This means that for every $10,000 invested in the fund, investors will pay $55 in annual fees to cover the fund's operating expenses.

While not exceptionally high, this is higher than some broad market equity ETFs. The expense ratio as part of their overall investment decision, as it can impact the fund's net returns over time may be worth researching.

What are the top holdings in NBCT?

As of 2026-03-15, the top holdings in NBCT are Constellation Energy Corp (5.94%), Linde PLC (5.33%), and Eaton Corp PLC (4.98%). These companies represent a significant portion of the fund's assets and reflect its focus on carbon transition and infrastructure.

The performance of these top holdings can have a notable impact on the overall performance of NBCT. Investors should review the complete list of holdings to understand the fund's exposure.

Is NBCT a good long-term investment?

Whether NBCT is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and belief in the long-term growth potential of carbon transition and infrastructure companies.

NBCT provides targeted exposure to this sector, but it also carries concentration and sector-specific risks. The fund's expense ratio of 0.55% should also be factored into the long-term return expectations.

How does NBCT compare to similar ETFs?

NBCT differentiates itself through its specific focus on companies with a significant portion of their business tied to decarbonization infrastructure. Compared to broader ESG ETFs, NBCT offers a more targeted approach.

Its expense ratio of 0.55% may be higher than some competitors, while its AUM of $0.03B indicates it is a relatively small fund.

Does NBCT pay dividends?

Yes, NBCT pays dividends. The current dividend yield for NBCT is 1.00%. This means that for every $100 invested in the fund, investors can expect to receive $1.00 in dividend payments annually, before taxes.

The dividend yield can fluctuate based on the fund's underlying holdings and market conditions. Investors seeking income may find NBCT's dividend yield attractive, but should also consider the fund's overall investment strategy and risk profile.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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