NBSM vs. FDRV ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to Fidelity Electric Vehicles and Future Transportation ETF (FDRV)

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

$27.37

Average Daily Volume

11,663

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDRV

Fidelity Electric Vehicles and Future Transportation ETF

FDRV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index. Normally investing at least 80% of assets in securities included in the Fidelity Electric Vehicles and Future Transportation Index and in depositary receipts representing securities included in the index. The Fidelity Electric Vehicles and Future Transportation Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems or engaged in other initiatives that aim to change the future of transportation.

Grade (RS Rating)

Last Trade

$13.45

Average Daily Volume

9,287

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	FDRV
30 Days	4.00%	-0.94%
60 Days	4.33%	2.25%
90 Days	4.56%	0.69%
12 Months		-13.47%

1 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in FDRV	Overlap
	LSCC	D	1.77%	1.54%	1.54%

NBSM Overweight 45 Positions Relative to FDRV

Symbol	Grade	Weight
FICO	B	4.27%
EXP	B	3.88%
KEX	B	3.67%
WSO	A	3.19%
ITT	A	3.11%
VMI	B	3.11%
RYAN	A	3.08%
ATR	B	2.93%
RBC	A	2.92%
HAE	C	2.9%
TYL	B	2.72%
CNX	A	2.68%
TTEK	F	2.46%
CHE	D	2.41%
RLI	A	2.33%
CBU	B	2.21%
MKSI	C	2.17%
TTC	C	2.12%
CR	A	2.09%
GGG	B	2.04%
LFUS	D	1.99%
LECO	C	1.99%
TXRH	B	1.94%
ENTG	D	1.88%
CFR	B	1.86%
TECH	F	1.81%
NXST	C	1.77%
POWI	F	1.59%
TDW	F	1.59%
PB	B	1.59%
TSCO	D	1.59%
BSY	F	1.54%
SPSC	D	1.51%
CHD	A	1.51%
LNT	A	1.49%
ROL	B	1.46%
SSD	F	1.37%
ICLR	D	1.21%
MANH	D	1.16%
IBP	D	1.15%
BFAM	D	1.14%
FND	D	1.09%
AWI	A	1.04%
CNM	D	0.99%
CVLT	B	0.51%

NBSM Underweight 29 Positions Relative to FDRV

Symbol	Grade	Weight
TSLA	B	-6.03%
UBER	F	-4.56%
ADI	D	-4.56%
GRMN	B	-3.77%
NXPI	D	-3.77%
RIVN	F	-3.19%
ON	D	-3.05%
APTV	F	-3.04%
SWKS	F	-2.94%
LI	F	-2.69%
LEA	F	-2.21%
ALB	B	-2.21%
ST	F	-2.07%
XPEV	C	-1.95%
LCID	F	-1.9%
NIO	F	-1.87%
VC	F	-1.75%
LYFT	C	-1.55%
ADNT	F	-1.44%
DIOD	D	-1.43%
BE	B	-1.41%
SYNA	C	-1.29%
SITM	B	-1.25%
CHPT	F	-1.18%
PLUG	F	-1.06%
ALGM	D	-1.05%
BLBD	D	-1.01%
LAZR	D	-0.88%
INDI	C	-0.72%