NBSM vs. PKB ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to PowerShares Dynamic Build & Construction (PKB)

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

PKB

PowerShares Dynamic Build & Construction

PKB Description

The PowerShares Dynamic Building & Construction Portfolio (Fund) is based on the Dynamic Building & Construction IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$71.15

Average Daily Volume

28,015

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	PKB
30 Days	-1.44%	-3.29%
60 Days		1.60%
90 Days		12.11%
12 Months		52.27%

1 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in PKB	Overlap
	EXP	B	4.26%	2.7%	2.7%

NBSM Overweight 9 Positions Relative to PKB

Symbol	Grade	Weight
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%

NBSM Underweight 28 Positions Relative to PKB

Symbol	Grade	Weight
CSL	A	-5.3%
MLM	D	-5.23%
PHM	A	-5.15%
VMC	C	-4.81%
LEN	C	-4.77%
DHI	D	-4.71%
NVR	D	-4.7%
HD	D	-4.3%
STRL	D	-3.25%
USLM	A	-3.12%
SWX	A	-3.06%
OC	A	-3.06%
IBP	C	-3.01%
TOL	C	-2.97%
JELD	B	-2.92%
ROAD	D	-2.91%
APOG	A	-2.9%
OSK	D	-2.75%
BLD	D	-2.73%
TMHC	C	-2.69%
AZEK	C	-2.63%
GRBK	C	-2.61%
MHO	D	-2.6%
AMWD	D	-2.58%
SUM	D	-2.54%
GFF	C	-2.52%
HOV	B	-2.43%
ROCK	D	-2.16%