NBSM vs. FAN ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to First Trust ISE Global Wind Energy ETF (FAN)

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

$25.57

Average Daily Volume

25,831

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FAN

First Trust ISE Global Wind Energy ETF

FAN Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Global Wind Energy(TM) Index. The index is developed and owned by the International Securities Exchange, LLC(R), in consultation with Standard & Poor's, a Division of The McGraw-Hill Companies, Inc. ("S&P"), which calculates and maintains the index. The index provides a benchmark for investors interested in tracking public companies throughout the world that are active in the wind energy industry based on analysis of the products and services offered by those companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.02

Average Daily Volume

36,700

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	FAN
30 Days	-0.15%	4.77%
60 Days		2.19%
90 Days		6.06%
12 Months		-9.71%

0 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in FAN	Overlap

NBSM Overweight 10 Positions Relative to FAN

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

NBSM Underweight 12 Positions Relative to FAN

Symbol	Grade	Weight
NEE	B	-2.39%
OC	A	-2.24%
GE	A	-2.05%
LNT	B	-2.04%
TKR	B	-2.02%
ACA	C	-1.84%
HXL	C	-1.72%
CWEN	B	-1.03%
RNW	C	-0.87%
GEV	A	-0.5%
AMSC	C	-0.26%
TPIC	B	-0.22%