NBSM vs. XTN ETF Comparison

Comparison of Neuberger Berman Small-Mid Cap ETF (NBSM) to SPDR S&P Transportation ETF (XTN)

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

XTN

SPDR S&P Transportation ETF

XTN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$92.37

Average Daily Volume

32,827

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBSM	XTN
30 Days	5.91%	10.73%
60 Days	5.08%	15.13%
90 Days	6.00%	17.97%
12 Months		26.34%

1 Overlapping Holdings

	Symbol	Grade	Weight in NBSM	Weight in XTN	Overlap
	KEX	C	3.67%	2.49%	2.49%

NBSM Overweight 45 Positions Relative to XTN

Symbol	Grade	Weight
FICO	B	4.27%
EXP	A	3.88%
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%
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 41 Positions Relative to XTN

Symbol	Grade	Weight
UAL	A	-4.14%
LYFT	C	-3.6%
DAL	C	-3.27%
SKYW	B	-3.23%
CAR	C	-3.18%
XPO	B	-3.1%
AAL	B	-3.04%
ALK	C	-2.89%
SAIA	B	-2.86%
MATX	C	-2.83%
JBLU	F	-2.73%
R	B	-2.73%
GXO	B	-2.68%
ODFL	B	-2.64%
LUV	C	-2.58%
CHRW	C	-2.54%
JBHT	C	-2.49%
JOBY	B	-2.48%
ARCB	C	-2.45%
SNDR	B	-2.45%
WERN	C	-2.45%
NSC	B	-2.45%
RXO	C	-2.44%
CSX	B	-2.42%
KNX	B	-2.41%
UPS	C	-2.38%
LSTR	D	-2.34%
FDX	B	-2.33%
EXPD	D	-2.28%
UBER	D	-2.25%
HUBG	A	-2.21%
UNP	C	-2.16%
ALGT	B	-2.12%
GNK	D	-1.2%
FWRD	D	-1.17%
SNCY	C	-1.14%
ATSG	B	-1.07%
HTZ	C	-0.97%
MRTN	C	-0.79%
UHAL	D	-0.66%
HTLD	B	-0.49%