Fossil fuel companiesare fueling the climate crisis.


Neuberger Berman Energy Transition & Infrastructure ETF

Shareclass
Neuberger Berman Engy Trnstn & InfrasETF (NBET)
Type
Exchange-traded fund
Sustainability mandate
Fossil fuel exposure of 90.51% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
Antero Resources Corp
Carbon Underground 200Top 200 carbon reserves
$622,843
Tourmaline Oil Corp
Carbon Underground 200Top 200 carbon reserves
$466,994
Occidental Petroleum Corp
Carbon Underground 200Top 200 carbon reserves
$463,212
Exxon Mobil Corp
Carbon Underground 200Top 200 carbon reserves
$462,521
EQT Corp
Carbon Underground 200Top 200 carbon reserves
$382,650
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
5
holdings
$2.4M
invested
14%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
2
holdings
$1.01M
invested
5.86%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
23
holdings
$15.31M
invested
89%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
No direct stock holdings
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
4
holdings
$2.23M
invested
13%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
24 holdings
24 holdings
  • 1. Targa Resources Corp
    Oil/gas industry
    $1.42M
    8.22%
  • 2. Energy Transfer LP
    Oil/gas industry
    $1.37M
    7.96%
  • 3. Enterprise Products Partners LP
    Oil/gas industry
    $1.35M
    7.83%
  • 4. Cheniere Energy Inc
    Oil/gas industry
    $1.13M
    6.53%
  • 5. Western Midstream Partners LP
    Oil/gas industry
    $917,033
    5.31%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
Neuberger Berman Energy Transition & Infrastructure ETF $NBET is 91% ($15.62 MILLION) invested in fossil fuel stocks
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Financial performance
Performance data provided byMorningstarFind more financial data on NBET at Morningstar.com
Current fund
NBET
Neuberger Berman Energy Transition & Infrastructure ETF
Family
Neuberger Berman
Category
Global Small/Mid Stock
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 11/30/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 1-yr returns 
22% more in annualized returns
More invested in fossil fuels 
82% more invested
Lower fossil finance risk score 
19 points lower
Lower fossil insurance risk score 
16 points lower
Less invested in Clean200 
16.24% less invested
Current fund
NBET
Neuberger Berman Energy Transition & Infrastructure ETF
Family
Neuberger Berman
Category
Global Small/Mid Stock
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 11/30/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 1-yr returns 
22% more in annualized returns
More invested in fossil fuels 
82% more invested
Lower fossil finance risk score 
19 points lower
Lower fossil insurance risk score 
16 points lower
Less invested in Clean200 
16.24% less invested
Current fund
NBET
Neuberger Berman Energy Transition & Infrastructure ETF
Family
Neuberger Berman
Category
Global Small/Mid Stock
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 11/30/24
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher
 1-yr returns 
22% more in annualized returns
More invested in fossil fuels 
82% more invested
Lower fossil finance risk score 
19 points lower
Lower fossil insurance risk score 
16 points lower
Less invested in Clean200 
16.24% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
NBET - Neuberger Berman Energy Transition & Infrastructure ETF
48%
/
/
/
91% 
Benchmark
ACWI - iShares MSCI ACWI ETF
26%
7.75%
11%
9.42%
8.9% 
Fund compared to benchmark
 
22%
/
/
/
82%  higher
Find more financial data on NBET at Morningstar.com
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