NBSM vs. PSI ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to PowerShares Dynamic Semiconductors (PSI)

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

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$56.40

Average Daily Volume

96,493

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	PSI
30 Days	5.91%	0.61%
60 Days	5.08%	2.34%
90 Days	6.00%	-3.40%
12 Months		28.52%

2 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in PSI	Overlap
	ENTG	D	1.88%	2.48%	1.88%
	MKSI	C	2.17%	2.62%	2.17%

NBSM Overweight 44 Positions Relative to PSI

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%
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%
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 24 Positions Relative to PSI

Symbol	Grade	Weight
NVDA	C	-5.76%
AVGO	D	-5.41%
MU	D	-5.25%
TXN	C	-5.19%
QCOM	F	-4.99%
ADI	D	-4.77%
AMAT	F	-4.6%
LRCX	F	-4.53%
SMTC	B	-3.45%
MTSI	B	-3.39%
PI	D	-3.07%
ACMR	F	-2.88%
PLAB	C	-2.87%
ICHR	C	-2.85%
UCTT	D	-2.72%
NXPI	D	-2.5%
AOSL	C	-2.34%
SWKS	F	-2.24%
AMKR	D	-2.21%
ONTO	D	-2.21%
KLAC	D	-2.2%
FORM	D	-2.15%
CRUS	D	-2.03%
MPWR	F	-1.79%