NBSM vs. XSD ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to SPDR S&P Semiconductor ETF (XSD)

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

$27.75

Average Daily Volume

11,547

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSD

SPDR S&P Semiconductor ETF

XSD Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the semiconductor segment of a U.S. total market composite index. In seeking to track the performance of the S&P Semiconductor Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the semiconductors industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$241.06

Average Daily Volume

44,653

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	XSD
30 Days	5.91%	0.59%
60 Days	5.08%	3.98%
90 Days	6.00%	1.04%
12 Months		21.82%

2 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in XSD	Overlap
	LSCC	D	1.77%	3.33%	1.77%
	POWI	D	1.59%	2.54%	1.59%

NBSM Overweight 44 Positions Relative to XSD

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

NBSM Underweight 35 Positions Relative to XSD

Symbol	Grade	Weight
CRDO	B	-4.33%
RMBS	C	-3.85%
INTC	D	-3.75%
MTSI	B	-3.68%
NVDA	C	-3.63%
MRVL	B	-3.59%
SITM	B	-3.55%
SMTC	B	-3.35%
AMBA	B	-3.23%
MU	D	-3.21%
TXN	C	-3.04%
AVGO	D	-3.0%
PI	D	-2.9%
QCOM	F	-2.88%
NXPI	D	-2.87%
SLAB	D	-2.79%
ADI	D	-2.78%
ON	D	-2.76%
AMD	F	-2.69%
ALGM	D	-2.61%
FSLR	F	-2.52%
MCHP	D	-2.49%
SWKS	F	-2.42%
OLED	D	-2.35%
CRUS	D	-2.25%
SYNA	C	-2.24%
MPWR	F	-1.86%
QRVO	F	-1.82%
DIOD	D	-1.69%
WOLF	F	-1.57%
MXL	C	-1.31%
INDI	C	-1.14%
AOSL	C	-1.01%
CEVA	B	-0.29%
NVEC	C	-0.16%