AFMC vs. HSMV ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

$33.15

Average Daily Volume

8,960

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.50

Average Daily Volume

1,339

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	HSMV
30 Days	1.03%	0.45%
60 Days	3.77%	2.77%
90 Days	8.80%	6.22%
12 Months	36.80%	24.59%

56 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in HSMV	Overlap
ADC	A	0.33%	1.29%	0.33%
AGCO	D	0.42%	0.29%	0.29%
AMG	A	0.61%	0.62%	0.61%
ARW	D	0.34%	0.46%	0.34%
ATR	B	0.15%	2.16%	0.15%
AVT	C	0.28%	0.5%	0.28%
BRX	A	0.08%	0.47%	0.08%
CACI	C	0.76%	1.62%	0.76%
CASY	B	0.14%	0.25%	0.14%
CBSH	A	0.5%	0.81%	0.5%
CDP	C	0.38%	0.67%	0.38%
CHE	D	0.4%	1.15%	0.4%
CRI	F	0.18%	0.21%	0.18%
CSL	C	0.82%	0.33%	0.33%
CTRE	D	0.26%	1.53%	0.26%
CUBE	C	0.1%	0.24%	0.1%
CW	B	0.81%	0.72%	0.72%
DCI	B	0.08%	1.34%	0.08%
EHC	B	0.27%	0.92%	0.27%
ENSG	D	0.24%	0.75%	0.24%
EPR	D	0.31%	0.79%	0.31%
ESNT	D	0.78%	0.66%	0.66%
EXEL	B	0.39%	0.39%	0.39%
FHI	A	0.67%	1.23%	0.67%
FSS	B	0.29%	0.23%	0.23%
G	A	0.67%	0.36%	0.36%
GLPI	C	0.68%	0.96%	0.68%
HRB	D	0.53%	0.26%	0.26%
IDCC	A	0.95%	0.77%	0.77%
INGR	B	0.92%	1.74%	0.92%
ITT	A	0.09%	0.38%	0.09%
JAZZ	B	0.39%	0.35%	0.35%
JHG	A	0.26%	0.65%	0.26%
LAMR	D	0.39%	0.43%	0.39%
LECO	C	0.09%	0.35%	0.09%
LII	A	0.73%	0.25%	0.25%
LOPE	B	0.27%	0.76%	0.27%
MAN	F	0.39%	0.32%	0.32%
MSM	D	0.26%	0.47%	0.26%
MTG	C	1.07%	0.54%	0.54%
MUSA	A	0.58%	0.46%	0.46%
NFG	A	0.55%	1.14%	0.55%
NNN	C	0.0%	0.99%	0.0%
NSA	C	0.26%	0.13%	0.13%
NYT	D	0.51%	0.97%	0.51%
OHI	C	0.58%	1.11%	0.58%
ORI	A	1.12%	1.69%	1.12%
PBH	A	0.06%	0.74%	0.06%
PRI	A	0.59%	0.76%	0.59%
RDN	D	0.75%	0.39%	0.39%
RGLD	A	0.4%	0.33%	0.33%
RPM	A	0.5%	0.66%	0.5%
RS	B	0.35%	0.55%	0.35%
SAIC	D	0.38%	0.44%	0.38%
SBRA	C	0.53%	0.58%	0.53%
SF	A	0.74%	0.73%	0.73%

AFMC Overweight 188 Positions Relative to HSMV

Symbol	Grade	Weight
SFM	B	1.95%
UTHR	C	1.66%
TOL	B	1.48%
EME	B	1.3%
THC	C	1.2%
AYI	B	1.19%
MLI	B	1.17%
ALSN	A	1.14%
GDDY	A	1.12%
KBH	D	1.12%
FIX	A	1.0%
NRG	B	0.96%
VST	A	0.95%
UNM	A	0.9%
TPL	A	0.87%
ACT	D	0.86%
IBOC	A	0.86%
COKE	D	0.83%
TMHC	B	0.8%
OC	A	0.78%
HIW	D	0.78%
JXN	B	0.73%
WSM	D	0.71%
WBS	A	0.71%
TXRH	B	0.7%
CVLT	B	0.69%
JBL	C	0.69%
CNM	C	0.67%
FICO	A	0.66%
ERIE	F	0.64%
NXST	D	0.62%
WPC	D	0.62%
CMC	B	0.61%
BLDR	D	0.6%
NTAP	D	0.59%
BRBR	A	0.58%
BERY	C	0.57%
FFIV	B	0.57%
SNX	C	0.57%
EXP	B	0.57%
PHM	D	0.57%
CUZ	B	0.56%
TPR	A	0.56%
DBX	C	0.55%
TGNA	B	0.54%
PSN	C	0.53%
PPC	B	0.53%
SANM	B	0.52%
CRS	A	0.52%
DECK	A	0.51%
ACIW	B	0.51%
HALO	D	0.51%
ENS	D	0.5%
MTH	D	0.49%
KMT	B	0.49%
MEDP	D	0.47%
CRUS	F	0.47%
BCC	A	0.46%
SNA	A	0.46%
NVST	C	0.46%
GMED	A	0.46%
UHS	D	0.46%
DINO	D	0.46%
BTU	B	0.45%
GHC	B	0.45%
PK	D	0.44%
ONTO	F	0.44%
NTCT	B	0.44%
HNI	B	0.44%
JLL	C	0.44%
PINC	B	0.44%
AMR	C	0.43%
PVH	C	0.41%
WFRD	F	0.4%
GEF	B	0.4%
HLI	B	0.39%
CHRD	D	0.39%
TEX	D	0.38%
DDS	B	0.38%
MOH	F	0.37%
ANF	C	0.37%
AIZ	A	0.37%
WSO	A	0.37%
STLD	B	0.36%
BYD	B	0.35%
UFPI	C	0.35%
CSWI	A	0.33%
UGI	C	0.33%
HWC	B	0.33%
COLB	B	0.33%
ASO	F	0.32%
GAP	C	0.32%
INCY	B	0.32%
SSB	B	0.31%
FHN	A	0.31%
BDC	B	0.3%
TTEK	F	0.3%
APPF	C	0.3%
DKS	D	0.29%
CR	B	0.29%
MANH	D	0.28%
PBF	D	0.28%
NVT	C	0.27%
CHRW	A	0.27%
LNTH	F	0.27%
RL	B	0.27%
ATKR	C	0.27%
WWD	B	0.26%
OLN	F	0.26%
WCC	B	0.26%
ZD	B	0.26%
GPI	B	0.25%
HOG	D	0.25%
IBP	F	0.25%
CATY	A	0.25%
AN	D	0.25%
LPX	A	0.24%
CNA	C	0.24%
VMI	B	0.24%
ESAB	B	0.24%
TDC	F	0.23%
NBIX	D	0.22%
AIT	A	0.22%
HST	D	0.22%
L	A	0.21%
BWA	B	0.21%
CRVL	A	0.21%
LEA	F	0.21%
NAVI	F	0.2%
OZK	A	0.2%
JWN	C	0.19%
NEU	D	0.19%
HOMB	A	0.19%
PRGO	C	0.18%
SJM	D	0.18%
ADNT	F	0.18%
DXC	D	0.18%
CLF	F	0.18%
HPP	F	0.17%
APLE	B	0.17%
SM	C	0.17%
CROX	F	0.17%
NUS	C	0.17%
ABG	B	0.17%
ZION	A	0.17%
VSH	F	0.15%
M	D	0.15%
CAH	A	0.13%
BLD	F	0.13%
OPCH	F	0.12%
AEO	F	0.12%
BOX	B	0.11%
NSIT	F	0.11%
ELF	C	0.11%
TPH	D	0.11%
AOS	F	0.1%
EQH	B	0.1%
EXLS	B	0.1%
VNT	C	0.1%
BPMC	C	0.1%
GEN	B	0.1%
ITRI	B	0.09%
CPT	D	0.09%
CNXC	F	0.09%
AMN	F	0.09%
ZETA	D	0.08%
HSIC	C	0.08%
APA	F	0.08%
OGN	F	0.08%
ASGN	F	0.08%
DOCS	B	0.08%
HAE	B	0.08%
WU	F	0.07%
TAP	B	0.07%
SKX	F	0.07%
OSCR	D	0.06%
PDCO	D	0.06%
MMSI	A	0.06%
SPSC	F	0.05%
ACLS	F	0.05%
AWI	B	0.05%
DVA	C	0.05%
BMI	C	0.04%
CXT	D	0.04%
LEVI	F	0.03%
IART	C	0.02%
VRNS	F	0.0%
PI	D	0.0%

AFMC Underweight 91 Positions Relative to HSMV

Symbol	Grade	Weight
DTM	A	-1.97%
SEIC	A	-1.86%
IDA	A	-1.59%
OGE	A	-1.57%
POST	D	-1.53%
MSGS	B	-1.41%
RLI	A	-1.38%
AMH	C	-1.21%
AM	A	-1.19%
NJR	A	-1.19%
FLO	D	-1.12%
NWE	C	-1.09%
AFG	A	-1.08%
POR	C	-1.06%
GGG	A	-1.02%
MMS	D	-1.01%
GNTX	D	-0.98%
KBR	D	-0.91%
DLB	D	-0.88%
BKH	A	-0.87%
FCPT	C	-0.82%
ELS	B	-0.81%
MSA	D	-0.81%
LSTR	D	-0.78%
EFC	C	-0.75%
PECO	A	-0.73%
AWR	A	-0.72%
AVA	C	-0.72%
OGS	A	-0.69%
RNR	D	-0.66%
SLGN	A	-0.66%
RGA	A	-0.65%
CPK	A	-0.64%
AGO	A	-0.64%
EGP	D	-0.63%
EPRT	C	-0.63%
SCI	A	-0.61%
MDU	D	-0.61%
PRGS	B	-0.59%
FELE	B	-0.57%
ACM	B	-0.57%
GATX	A	-0.56%
COLM	B	-0.55%
CHH	A	-0.55%
NMIH	D	-0.54%
BCPC	B	-0.53%
FLS	A	-0.52%
CWT	D	-0.51%
FCN	F	-0.5%
LANC	D	-0.49%
FNF	C	-0.49%
EPC	D	-0.49%
BWXT	A	-0.47%
CHDN	C	-0.45%
JEF	A	-0.45%
PFGC	B	-0.45%
CNO	A	-0.44%
PB	A	-0.44%
FR	D	-0.44%
BLKB	C	-0.42%
ENR	A	-0.42%
RYN	D	-0.41%
CLH	C	-0.4%
FNB	A	-0.38%
FAF	C	-0.38%
BJ	B	-0.37%
ABM	B	-0.37%
EVR	B	-0.36%
ASH	F	-0.36%
GPK	D	-0.36%
IOSP	C	-0.36%
LXP	D	-0.35%
COOP	B	-0.35%
JJSF	C	-0.33%
ONB	B	-0.32%
KEX	A	-0.31%
R	B	-0.3%
OSK	B	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
KFY	B	-0.29%
MIDD	C	-0.28%
EVTC	C	-0.28%
PLXS	B	-0.27%
ORA	B	-0.27%
LFUS	D	-0.25%
AIN	C	-0.24%
HXL	F	-0.23%
IRT	A	-0.22%
PCH	D	-0.19%
REXR	F	-0.19%