NBSM - ETF AI Analysis

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Neuberger Berman Small-Mid Cap ETF (NBSM)

Rating:69Neutral

Price Target:―

NBSM, the Neuberger Berman Small-Mid Cap ETF, has a solid overall rating driven mainly by strong, well-positioned holdings like Tidewater, Community Bank System, Kirby, and Littelfuse, which all benefit from healthy financial performance, positive earnings commentary, and generally supportive technical trends. These strengths are partly offset by weaker spots such as Gates Industrial and CNX Resources, where bearish or mixed technical signals, cash flow concerns, and market or regulatory challenges introduce more risk. The main risk factor is the fund’s focus on smaller and mid-sized companies, where issues like overvaluation, overbought conditions, and segment-specific challenges can create higher volatility.

Positive Factors

Solid Recent Performance

The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Strong Top Holdings

Several of the largest positions, such as Kirby, Littelfuse, and Community Bank System, have delivered strong year-to-date results that support the fund’s overall performance.

Broad Sector Diversification

Holdings spread across many sectors, with meaningful exposure to industrials, technology, financials, health care, and consumer cyclical stocks, help reduce reliance on any single industry.

Negative Factors

Higher Expense Ratio

The fund’s expense ratio is relatively high for an ETF, which can eat into long-term returns compared with lower-cost options.

Heavy U.S. Concentration

With almost all assets invested in U.S. companies, the ETF offers little geographic diversification and is highly tied to the U.S. economy.

Sector Tilt Toward Industrials

A large allocation to industrials means the fund could be more sensitive to slowdowns or setbacks in that sector.

NBSM vs. SPDR S&P 500 ETF (SPY)

AUM226.40M

RegionNorth America

Expense Ratio0.65%

Beta0.88

IssuerNeuberger Berman

Inception DateMar 20, 2024

Dividend Yield0.37%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume56,809

30 Day Avg. Volume35,730

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

30.23

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering65

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

NBSM Summary

The Neuberger Berman Small-Mid Cap ETF (NBSM) is an actively managed fund that focuses on smaller and mid-sized U.S. companies, rather than the big household-name giants. It does not track a set index, but instead picks stocks across many sectors like industrials, technology, and financials. Examples of companies it holds include Valmont and Jack Henry & Associates. Someone might invest in this ETF to seek long-term growth and diversify beyond large-cap stocks. A key risk is that smaller companies can be more volatile, so the share price can move up and down more than the overall market.

How much will it cost me?The Neuberger Berman Small-Mid Cap ETF (NBSM) has an expense ratio of 0.65%, meaning you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed, requiring more research and oversight to select and monitor investments. Active management aims to outperform the market by carefully choosing stocks, which can justify the higher cost for some investors.

What would affect this ETF?The Neuberger Berman Small-Mid Cap ETF (NBSM) could benefit from economic growth in the U.S., especially if sectors like Industrials and Technology, which make up a significant portion of its holdings, experience innovation or increased demand. However, rising interest rates or economic slowdowns could negatively impact small and mid-sized companies, particularly in cyclical sectors like Consumer Cyclical and Financials. Regulatory changes or shifts in energy policies may also affect the ETF's exposure to Energy and Utilities sectors.

NBSM Top 10 Holdings

NBSM is leaning heavily into U.S. industrial and financial names, and that’s where most of the action is. Kirby and Arcosa have been the real engines lately, with rising share prices helping pull the fund higher alongside steady contributors like Valmont and Brady. Littelfuse is also adding some spark from the tech side. On the flip side, Ryan Specialty and Armstrong World have been lagging, acting more like a headwind than a help. Overall, this is a domestically focused, small‑mid cap story driven by cyclical, real‑economy businesses.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
VMI	Valmont	2.67%	$5.84M	$8.96B	35.00%	71 Outperform
LFUS	Littelfuse	2.53%	$5.53M	$8.68B	47.09%	76 Outperform
TDW	Tidewater	2.48%	$5.43M	$3.54B	45.42%	78 Outperform
ACA	Arcosa	2.44%	$5.34M	$6.04B	35.89%	71 Outperform
BRC	Brady	2.41%	$5.29M	$4.49B	28.43%	75 Outperform
GTES	Gates Industrial	2.37%	$5.18M	$6.89B	24.04%	65 Neutral
KEX	Kirby	2.29%	$5.02M	$6.86B	27.32%	77 Outperform
WTM	White Mountains Insurance Group	2.26%	$4.94M	$5.46B	21.76%	73 Outperform
RBC	RBC Bearings	2.16%	$4.74M	$17.44B	56.58%	77 Outperform
CBU	Community Bank System	2.15%	$4.71M	$3.37B	2.91%	78 Outperform

NBSM Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

26.32

Positive

100DMA

25.74

Positive

200DMA

25.45

Positive

Market Momentum

MACD

0.25

Positive

RSI

59.95

Neutral

STOCH

44.01

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For NBSM, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 26.84, equal to the 50-day MA of 26.32, and equal to the 200-day MA of 25.45, indicating a bullish trend. The MACD of 0.25 indicates Positive momentum. The RSI at 59.95 is Neutral, neither overbought nor oversold. The STOCH value of 44.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NBSM.

NBSM Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
NBSM	―	―	$226.40M	0.65%	―
MSSM	―	―	$733.71M	0.57%	―
RSMC	―	―	$727.04M	0.75%	―
GRNJ	―	―	$391.27M	0.75%	―
SMIZ	―	―	$201.84M	0.56%	―
MGMT	―	―	$175.75M	1.10%	―

Performance Comparison

NBSM

Neuberger Berman Small-Mid Cap ETF

27.21

2.25

9.01%

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

―

RSMC

Rockefeller U.S. Small-Mid Cap ETF

―

GRNJ

Fundstrat Granny Shots US Small- & Mid-Cap ETF

―

SMIZ

Zacks Small/Mid Cap ETF

―

MGMT

Ballast Small/Mid Cap ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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