NBSM vs. ERNZ ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to TrueShares Active Yield ETF (ERNZ)

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

$26.42

Average Daily Volume

17,326

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

ERNZ

TrueShares Active Yield ETF

ERNZ Description

The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.28

Average Daily Volume

9,919

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	ERNZ
30 Days	0.83%	1.66%
60 Days	4.13%	2.43%
90 Days	6.23%	2.78%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in ERNZ	Overlap

NBSM Overweight 10 Positions Relative to ERNZ

	Symbol	Grade	Weight
	FICO	C	3.74%
	EXP	C	3.61%
	KEX	C	3.49%
	WSO	B	2.97%
	TTEK	B	2.95%
	ITT	B	2.95%
	RYAN	A	2.9%
	RBC	B	2.86%
	VMI	B	2.7%
	TYL	C	2.69%

NBSM Underweight 10 Positions Relative to ERNZ

	Symbol	Grade	Weight
	INSW	C	-3.46%
	GOF	A	-3.38%
	CLM	A	-3.33%
	NAT	D	-3.25%
	OCSL	D	-3.24%
	GNL	D	-2.73%
	TSLX	D	-2.72%
	DHT	B	-2.51%
	ABR	B	-2.42%
	PSEC	C	-2.26%

NBSM: Top Represented Industries & Keywords

Industries: Building Materials Diversified Industrials Electronics Distribution Engineering & Construction Insurance - Specialty Metal Fabrication Shipping & Ports Software - Application Software - Infrastructure Tools & Accessories

Keywords: Mining S&P 500 Account Management Accounting Software Adhesives Aerospace Aerospace Components Aerospace Market Agricultural Chemicals Air Conditioning Ambulance Analytical Solutions Anodizing Applied Sciences Appraisal Services Architecture Services Barge Batteries Bearings Boat

ERNZ: Top Represented Industries & Keywords

Industries: Shipping & Ports Asset Management REIT - Diversified Credit Services

Keywords: Ships Tanker Aframax Business Development ETF Exchange Traded Fund Large Crude Carrier Loan Oil Tanker Private Equity Real Estate Investment Trust Senior Debt Suezmax Banking Beverage Brandywine Realty Trust Bridge Financing Bridge Financing Products Business Development Company Capital Structure