NBSM vs. FXZ ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to First Trust Materials AlphaDEX Fund (FXZ)

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

FXZ

First Trust Materials AlphaDEX Fund

FXZ Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Materials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the materials and processing sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$65.36

Average Daily Volume

26,383

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	FXZ
30 Days	5.91%	-1.15%
60 Days	5.08%	0.51%
90 Days	6.00%	0.34%
12 Months		5.93%

1 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in FXZ	Overlap
	RBC	A	2.92%	0.93%	0.93%

NBSM Overweight 45 Positions Relative to FXZ

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%
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%
LSCC	D	1.77%
POWI	D	1.59%
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 FXZ

Symbol	Grade	Weight
STLD	B	-5.6%
RS	B	-5.43%
X	C	-5.13%
NUE	C	-4.95%
LYB	F	-4.36%
FMC	D	-4.18%
CF	B	-4.11%
NEU	C	-4.03%
MOS	F	-3.99%
EMN	D	-3.68%
TKR	D	-3.63%
IP	B	-3.58%
ASH	D	-3.58%
CLF	F	-3.5%
APD	A	-3.24%
RGLD	C	-3.04%
ECL	D	-2.92%
CC	C	-2.82%
CE	F	-2.75%
OLN	D	-2.62%
WLK	D	-2.56%
FAST	B	-2.32%
ESI	A	-2.09%
LIN	D	-1.91%
AVY	D	-1.81%
SCCO	F	-1.75%
FCX	D	-1.73%
HUN	F	-1.64%
AA	B	-1.01%
ALB	C	-0.97%
MP	B	-0.92%
HXL	D	-0.85%
SMG	D	-0.76%
IFF	D	-0.73%
NEM	D	-0.68%