NBSM vs. PJFM ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to PGIM Jennison Focused Mid-Cap ETF (PJFM)

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

$24.87

Average Daily Volume

14,348

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PJFM

PGIM Jennison Focused Mid-Cap ETF

PJFM Description

Under normal circumstances, the fund invests at least 80% of the fund's investable assets in equity and equity-related securities of medium-sized companies. The subadviser uses a combination of fundamental research and systematic portfolio construction. The fund's managers consider medium-sized companies to be those with market capitalizations that are within the market capitalization range of the Russell Midcap Index.

Grade (RS Rating)

Last Trade

$52.58

Average Daily Volume

239

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	PJFM
30 Days	-0.72%	-0.20%
60 Days	-1.47%	3.02%
90 Days	-2.89%	-0.52%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in PJFM	Overlap
	KEX	B	3.99%	3.18%	3.18%

NBSM Overweight 9 Positions Relative to PJFM

Symbol	Grade	Weight
EXP	D	3.67%
TDW	D	3.22%
WSO	B	3.09%
TTEK	C	2.95%
FICO	A	2.93%
RBC	C	2.92%
ITT	D	2.9%
LSCC	D	2.85%
ATR	D	2.65%

NBSM Underweight 8 Positions Relative to PJFM

Symbol	Grade	Weight
MKL	D	-4.2%
BURL	B	-3.89%
CHDN	A	-3.7%
EWBC	C	-3.46%
FOUR	B	-3.32%
NI	B	-3.14%
CHRD	C	-3.14%
HLT	A	-2.74%