NRSH vs. NBSM ETF Comparison

Comparison of Aztlan North America Nearshoring Stock Selection ETF (NRSH) to Neuberger Berman Small-Mid Cap ETF (NBSM)

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.73

Average Daily Volume

738

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

$25.24

Average Daily Volume

27,088

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NRSH	NBSM
30 Days	-3.22%	-1.44%
60 Days	-3.25%
90 Days	-3.00%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in NRSH	Weight in NBSM	Overlap
	KEX	A	5.27%	3.08%	3.08%

NRSH Overweight 7 Positions Relative to NBSM

Symbol	Grade	Weight
FWRD	F	6.73%
CHRW	C	6.55%
LSTR	D	5.73%
GXO	F	5.29%
UNP	C	5.2%
IIPR	A	5.19%
HUBG	C	4.94%

NRSH Underweight 9 Positions Relative to NBSM

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