BOAT vs. NBSM ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to Neuberger Berman Small-Mid Cap ETF (NBSM)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.27

Average Daily Volume

17,188

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBSM

Neuberger Berman Small-Mid Cap ETF

NBSM Description

NBSM focuses on capital growth primarily through investments in small- and mid-cap firms. The fund seeks out undervalued companies with strong market positions and financial health, mainly in domestic markets with a minor proportion in foreign securities. Utilizing a bottom-up analysis, the fund manager identifies organizations they believe are valued below their intrinsic worth. Key considerations include historical returns, market niche, barriers to entry, and self-financing capabilities, emphasizing companies with established business operations over speculative growth prospects. NBSM aims to capitalize on market inefficiencies and manage risks through diversification and fundamental analysis. Furthermore, the manager also takes into account ESG factors into their decision making whenever applicable, aiming for a more comprehensive evaluation of potential investments. The fund may sell a security if it underperforms, reaches a set price or when better investment opportunities arise.

Grade (RS Rating)

Last Trade

$25.24

Average Daily Volume

27,088

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	NBSM
30 Days	7.53%	-1.44%
60 Days	8.45%
90 Days	9.09%
12 Months	37.11%

0 Overlapping Holdings

	Symbol	Grade	Weight in BOAT	Weight in NBSM	Overlap

BOAT Overweight 22 Positions Relative to NBSM

Symbol	Grade	Weight
STNG	A	4.71%
INSW	A	4.3%
MATX	B	4.12%
SBLK	A	2.97%
GOGL	A	2.85%
BWLP	B	1.93%
DHT	A	1.89%
SFL	A	1.84%
TNK	B	1.73%
LPG	B	1.7%
DAC	A	1.46%
FLNG	C	1.42%
CMRE	A	1.4%
ZIM	B	1.39%
NVGS	B	1.13%
ECO	A	0.98%
GNK	A	0.92%
NAT	D	0.82%
GSL	A	0.8%
ASC	A	0.7%
SB	A	0.57%
DSX	C	0.32%

BOAT Underweight 10 Positions Relative to NBSM

Symbol	Grade	Weight
EXP	B	-4.26%
TDW	A	-3.31%
FICO	D	-3.17%
KEX	A	-3.08%
ITT	D	-3.0%
CHE	F	-2.95%
LSCC	D	-2.94%
WSO	A	-2.81%
ICLR	D	-2.71%
RBC	D	-2.7%

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream