EWP vs. NBSM ETF Comparison

Comparison of iShares MSCI Spain Capped Index Fund (EWP) to Neuberger Berman Small-Mid Cap ETF (NBSM)

EWP

iShares MSCI Spain Capped Index Fund

EWP Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index. The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts ("DRs") representing securities in its underlying index. The MSCI Spain 25/50 Index consists of stocks traded primarily on the Madrid Stock Exchange. A capping methodology is applied that limits the weight of any single component to a maximum of 25% of the MSCI Spain 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

304,092

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

$24.70

Average Daily Volume

31,582

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EWP	NBSM
30 Days	0.50%	-2.44%
60 Days	10.49%
90 Days	9.15%
12 Months	16.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in EWP	Weight in NBSM	Overlap

EWP Overweight 5 Positions Relative to NBSM

Symbol	Grade	Weight
SAN	A	15.52%
BBVA	A	11.48%
TEF	A	4.63%
AMS	A	4.5%
RACE	B	4.44%

EWP 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	B	-3.0%
CHE	F	-2.95%
LSCC	B	-2.94%
WSO	A	-2.81%
ICLR	C	-2.71%
RBC	D	-2.7%

EWP: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Medical Care Telecom Services