QQQN vs. NBSM ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to Neuberger Berman Small-Mid Cap ETF (NBSM)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$31.65

Average Daily Volume

6,312

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

$27.75

Average Daily Volume

11,547

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	NBSM
30 Days	3.53%	5.91%
60 Days	4.80%	5.08%
90 Days	10.05%	6.00%
12 Months	35.21%

6 Overlapping Holdings

Symbol	Grade	Weight in QQQN	Weight in NBSM	Overlap
BSY	D	1.39%	1.54%	1.39%
ENTG	D	1.52%	1.88%	1.52%
ICLR	D	2.26%	1.21%	1.21%
LNT	A	1.55%	1.49%	1.49%
MANH	D	1.61%	1.16%	1.16%
TSCO	D	3.07%	1.59%	1.59%

QQQN Overweight 43 Positions Relative to NBSM

Symbol	Grade	Weight
APP	B	4.61%
ALNY	D	3.68%
MSTR	C	3.64%
MPWR	F	3.59%
AXON	A	3.25%
EBAY	D	3.03%
NTAP	C	2.37%
UAL	A	2.36%
CHKP	D	2.26%
WDC	D	2.23%
TCOM	B	2.22%
PTC	A	2.16%
STX	D	2.12%
FSLR	F	2.01%
TER	D	1.98%
STLD	B	1.94%
EXPE	B	1.92%
ZM	B	1.86%
ZBRA	B	1.86%
HOLX	D	1.84%
SSNC	B	1.81%
ARGX	A	1.77%
VRSN	F	1.77%
JBHT	C	1.74%
DKNG	B	1.73%
ULTA	F	1.68%
GEN	B	1.61%
AKAM	D	1.52%
UTHR	C	1.52%
ALGN	D	1.51%
SNY	F	1.51%
SWKS	F	1.48%
NTNX	A	1.45%
NTRA	B	1.43%
NDSN	B	1.39%
CPB	D	1.37%
BMRN	D	1.3%
BNTX	D	1.06%
ENPH	F	1.04%
NWSA	B	0.95%
FOXA	B	0.92%
FOX	A	0.88%
NWS	B	0.51%

QQQN Underweight 40 Positions Relative to NBSM

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%
CFR	B	-1.86%
TECH	D	-1.81%
NXST	C	-1.77%
LSCC	D	-1.77%
POWI	D	-1.59%
TDW	F	-1.59%
PB	A	-1.59%
SPSC	C	-1.51%
CHD	B	-1.51%
ROL	B	-1.46%
SSD	D	-1.37%
IBP	D	-1.15%
BFAM	D	-1.14%
FND	C	-1.09%
AWI	A	-1.04%
CNM	D	-0.99%
CVLT	B	-0.51%