AFMC vs. FFSM ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.24

Average Daily Volume

9,283

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$29.08

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	FFSM
30 Days	5.13%	5.05%
60 Days	6.14%	4.89%
90 Days	7.25%	5.78%
12 Months	39.01%	33.64%

47 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in FFSM	Overlap
AIT	B	0.22%	0.88%	0.22%
AIZ	A	0.37%	0.91%	0.37%
ALSN	B	1.14%	0.76%	0.76%
AMN	F	0.09%	0.27%	0.09%
ASGN	F	0.08%	0.65%	0.08%
ASO	F	0.32%	0.53%	0.32%
ATKR	D	0.27%	0.01%	0.01%
AYI	B	1.19%	0.81%	0.81%
BLDR	D	0.6%	0.46%	0.46%
CACI	D	0.76%	1.06%	0.76%
CAH	B	0.13%	0.36%	0.13%
CMC	B	0.61%	0.6%	0.6%
CNM	D	0.67%	0.47%	0.47%
CNXC	F	0.09%	0.29%	0.09%
CR	A	0.29%	1.01%	0.29%
CROX	D	0.17%	1.17%	0.17%
CTRE	C	0.26%	0.49%	0.26%
CXT	C	0.04%	0.36%	0.04%
DKS	D	0.29%	0.84%	0.29%
EME	A	1.3%	1.81%	1.3%
EXP	B	0.57%	1.44%	0.57%
FSS	B	0.29%	0.6%	0.29%
G	B	0.67%	0.59%	0.59%
HLI	A	0.39%	0.71%	0.39%
ITT	A	0.09%	1.2%	0.09%
JLL	D	0.44%	1.1%	0.44%
KBH	D	1.12%	0.64%	0.64%
LEA	F	0.21%	0.3%	0.21%
LPX	B	0.24%	0.65%	0.24%
MEDP	D	0.47%	0.57%	0.47%
MOH	F	0.37%	1.1%	0.37%
MUSA	B	0.58%	1.34%	0.58%
NSIT	F	0.11%	1.33%	0.11%
NXST	C	0.62%	0.75%	0.62%
OLN	F	0.26%	0.45%	0.26%
ORI	A	1.12%	0.96%	0.96%
PBH	A	0.06%	0.06%	0.06%
PRI	B	0.59%	0.56%	0.56%
PVH	C	0.41%	0.51%	0.41%
SF	B	0.74%	0.75%	0.74%
SNX	D	0.57%	0.95%	0.57%
STLD	B	0.36%	0.01%	0.01%
TEX	F	0.38%	0.42%	0.38%
UHS	D	0.46%	1.5%	0.46%
VNT	C	0.1%	0.59%	0.1%
WBS	A	0.71%	0.57%	0.57%
WFRD	D	0.4%	0.33%	0.33%

AFMC Overweight 197 Positions Relative to FFSM

Symbol	Grade	Weight
SFM	A	1.95%
UTHR	C	1.66%
TOL	B	1.48%
THC	D	1.2%
MLI	B	1.17%
GDDY	A	1.12%
MTG	C	1.07%
FIX	A	1.0%
NRG	B	0.96%
VST	A	0.95%
IDCC	B	0.95%
INGR	C	0.92%
UNM	A	0.9%
TPL	A	0.87%
ACT	C	0.86%
IBOC	B	0.86%
COKE	C	0.83%
CSL	C	0.82%
CW	C	0.81%
TMHC	C	0.8%
OC	A	0.78%
HIW	C	0.78%
ESNT	F	0.78%
RDN	D	0.75%
JXN	C	0.73%
LII	A	0.73%
WSM	C	0.71%
TXRH	B	0.7%
CVLT	B	0.69%
JBL	C	0.69%
GLPI	C	0.68%
FHI	B	0.67%
FICO	B	0.66%
ERIE	D	0.64%
WPC	C	0.62%
AMG	B	0.61%
NTAP	C	0.59%
BRBR	A	0.58%
OHI	C	0.58%
BERY	C	0.57%
FFIV	B	0.57%
PHM	D	0.57%
CUZ	B	0.56%
TPR	B	0.56%
DBX	B	0.55%
NFG	A	0.55%
TGNA	B	0.54%
SBRA	C	0.53%
HRB	D	0.53%
PSN	D	0.53%
PPC	C	0.53%
SANM	B	0.52%
CRS	B	0.52%
DECK	A	0.51%
ACIW	B	0.51%
HALO	F	0.51%
NYT	D	0.51%
ENS	F	0.5%
RPM	A	0.5%
CBSH	B	0.5%
MTH	D	0.49%
KMT	B	0.49%
CRUS	D	0.47%
BCC	B	0.46%
SNA	A	0.46%
NVST	B	0.46%
GMED	A	0.46%
DINO	D	0.46%
BTU	B	0.45%
GHC	B	0.45%
PK	C	0.44%
ONTO	F	0.44%
NTCT	C	0.44%
HNI	B	0.44%
PINC	B	0.44%
AMR	C	0.43%
AGCO	D	0.42%
RGLD	C	0.4%
CHE	D	0.4%
GEF	A	0.4%
MAN	F	0.39%
LAMR	C	0.39%
EXEL	B	0.39%
JAZZ	B	0.39%
CHRD	D	0.39%
SAIC	F	0.38%
CDP	C	0.38%
DDS	B	0.38%
ANF	F	0.37%
WSO	A	0.37%
BYD	B	0.35%
UFPI	C	0.35%
RS	B	0.35%
ARW	D	0.34%
ADC	A	0.33%
CSWI	B	0.33%
UGI	C	0.33%
HWC	B	0.33%
COLB	B	0.33%
GAP	C	0.32%
INCY	C	0.32%
SSB	B	0.31%
FHN	A	0.31%
EPR	C	0.31%
BDC	C	0.3%
TTEK	F	0.3%
APPF	B	0.3%
MANH	D	0.28%
AVT	C	0.28%
PBF	D	0.28%
NVT	B	0.27%
CHRW	B	0.27%
LOPE	C	0.27%
LNTH	D	0.27%
EHC	B	0.27%
RL	C	0.27%
NSA	C	0.26%
WWD	C	0.26%
WCC	B	0.26%
ZD	B	0.26%
MSM	C	0.26%
JHG	B	0.26%
GPI	B	0.25%
HOG	D	0.25%
IBP	D	0.25%
CATY	B	0.25%
AN	C	0.25%
ENSG	C	0.24%
CNA	C	0.24%
VMI	B	0.24%
ESAB	C	0.24%
TDC	D	0.23%
NBIX	C	0.22%
HST	C	0.22%
L	A	0.21%
BWA	D	0.21%
CRVL	B	0.21%
NAVI	F	0.2%
OZK	B	0.2%
JWN	D	0.19%
NEU	D	0.19%
HOMB	A	0.19%
PRGO	C	0.18%
SJM	D	0.18%
ADNT	F	0.18%
DXC	B	0.18%
CLF	F	0.18%
CRI	F	0.18%
HPP	F	0.17%
APLE	B	0.17%
SM	B	0.17%
NUS	D	0.17%
ABG	C	0.17%
ZION	B	0.17%
VSH	F	0.15%
M	F	0.15%
ATR	B	0.15%
CASY	A	0.14%
BLD	D	0.13%
OPCH	D	0.12%
AEO	F	0.12%
BOX	B	0.11%
ELF	C	0.11%
TPH	D	0.11%
AOS	F	0.1%
CUBE	C	0.1%
EQH	C	0.1%
EXLS	B	0.1%
BPMC	B	0.1%
GEN	B	0.1%
LECO	C	0.09%
ITRI	C	0.09%
CPT	B	0.09%
ZETA	D	0.08%
BRX	A	0.08%
HSIC	C	0.08%
APA	D	0.08%
OGN	F	0.08%
DCI	B	0.08%
DOCS	C	0.08%
HAE	C	0.08%
WU	F	0.07%
TAP	C	0.07%
SKX	D	0.07%
OSCR	D	0.06%
PDCO	F	0.06%
MMSI	A	0.06%
SPSC	D	0.05%
ACLS	F	0.05%
AWI	A	0.05%
DVA	C	0.05%
BMI	B	0.04%
LEVI	F	0.03%
IART	C	0.02%
NNN	C	0.0%
VRNS	D	0.0%
PI	D	0.0%

AFMC Underweight 124 Positions Relative to FFSM

Symbol	Grade	Weight
FTI	A	-1.47%
TPX	B	-1.46%
ACGL	C	-1.45%
AR	B	-1.27%
BJ	A	-1.22%
FN	C	-1.22%
PFGC	B	-1.16%
USFD	A	-1.16%
VRT	B	-1.14%
SN	D	-1.11%
WHD	B	-1.01%
RRX	B	-1.01%
DOX	D	-0.92%
BOOT	C	-0.9%
TMDX	F	-0.9%
LNG	A	-0.9%
DFS	B	-0.89%
SNV	C	-0.88%
STX	C	-0.84%
TGLS	B	-0.81%
FAF	A	-0.77%
BC	C	-0.76%
VTR	B	-0.76%
RGA	A	-0.76%
PNFP	B	-0.73%
PCG	A	-0.72%
GPK	C	-0.71%
AEIS	C	-0.66%
ACM	B	-0.66%
AES	F	-0.65%
FCNCA	A	-0.63%
ON	D	-0.62%
BECN	B	-0.61%
MMS	F	-0.6%
LBRT	D	-0.59%
CBT	D	-0.59%
CADE	B	-0.59%
NOG	B	-0.57%
MTSI	B	-0.57%
EPRT	B	-0.56%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	F	-0.56%
CHDN	B	-0.54%
ESI	B	-0.54%
CIEN	C	-0.53%
WTFC	A	-0.52%
CRL	D	-0.52%
CWK	C	-0.51%
RJF	A	-0.51%
HAYW	B	-0.51%
IESC	C	-0.51%
GMS	B	-0.51%
WIX	A	-0.5%
AFG	A	-0.49%
EBC	B	-0.49%
EAT	A	-0.47%
KBR	F	-0.46%
BOKF	B	-0.46%
TENB	C	-0.45%
PRCT	B	-0.44%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	B	-0.42%
ARGX	B	-0.41%
COMP	B	-0.4%
LW	C	-0.4%
MASI	B	-0.39%
IP	A	-0.37%
GVA	A	-0.35%
RUSHA	C	-0.35%
AZZ	A	-0.34%
GTES	A	-0.33%
PCVX	D	-0.32%
FLEX	B	-0.31%
AZEK	A	-0.3%
UPBD	B	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
GRBK	D	-0.3%
IBTX	B	-0.29%
FBP	C	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	C	-0.2%
CRNX	C	-0.19%
ACLX	C	-0.19%
RGEN	D	-0.19%
KFRC	D	-0.18%
CYTK	F	-0.18%
MDGL	B	-0.16%
NUVL	C	-0.16%
AAP	D	-0.15%
XPRO	D	-0.14%
MNDY	C	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VCEL	B	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
CLDX	F	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	C	-0.08%
MRUS	F	-0.07%
ARVN	F	-0.04%
FIBK	B	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
EWTX	C	-0.0%
ZNTL	F	-0.0%