AFSM vs. FNY ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to First Trust Mid Cap Growth AlphaDEX (FNY)

AFSM

Active Factor Small Cap ETF

AFSM 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 small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.83

Average Daily Volume

15,187

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

FNY

First Trust Mid Cap Growth AlphaDEX

FNY Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Growth Index (the "index"). The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

12,384

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	FNY
30 Days	3.82%	4.89%
60 Days	8.20%	11.13%
90 Days	9.64%	13.70%
12 Months	32.51%	40.92%

42 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in FNY	Overlap
ACIW	B	0.02%	0.81%	0.02%
AIT	A	0.12%	0.66%	0.12%
ANF	D	0.86%	0.56%	0.56%
APPF	B	0.49%	0.13%	0.13%
AXSM	B	0.18%	0.42%	0.18%
AYI	B	0.14%	0.49%	0.14%
BDC	C	0.4%	0.46%	0.4%
BMI	B	0.61%	0.57%	0.57%
BPMC	B	0.37%	0.3%	0.3%
BRBR	A	0.53%	0.47%	0.47%
COKE	C	0.53%	0.63%	0.53%
CORT	B	0.54%	0.81%	0.54%
CRDO	B	0.28%	0.64%	0.28%
CRS	B	0.85%	0.76%	0.76%
CRVL	B	0.58%	0.6%	0.58%
CSWI	B	0.45%	0.79%	0.45%
CTRE	C	0.08%	0.28%	0.08%
CVLT	A	0.73%	0.77%	0.73%
FIX	B	0.74%	0.79%	0.74%
GMED	B	0.61%	0.64%	0.61%
HALO	B	0.72%	0.58%	0.58%
HIMS	B	0.4%	0.71%	0.4%
HRB	D	0.47%	0.55%	0.47%
IBOC	B	0.29%	0.49%	0.29%
ITCI	C	0.28%	0.34%	0.28%
KTB	B	0.08%	0.76%	0.08%
LNTH	F	0.64%	0.56%	0.56%
LOPE	B	0.31%	0.16%	0.16%
MAIN	A	0.0%	0.14%	0.0%
MEDP	C	0.26%	0.15%	0.15%
MOG.A	B	0.32%	0.76%	0.32%
PI	D	0.54%	0.52%	0.52%
PIPR	B	0.23%	0.82%	0.23%
PSN	B	0.29%	0.74%	0.29%
QTWO	A	0.36%	0.89%	0.36%
RDNT	B	0.31%	0.71%	0.31%
SBRA	C	0.3%	0.43%	0.3%
SFM	B	1.0%	0.88%	0.88%
SLG	C	0.67%	0.65%	0.65%
TMDX	F	0.21%	0.3%	0.21%
VRNS	D	0.27%	0.39%	0.27%
ZETA	D	0.69%	0.8%	0.69%

AFSM Overweight 254 Positions Relative to FNY

Symbol	Grade	Weight
MLI	B	1.31%
SKYW	B	1.2%
NHC	B	1.15%
IDCC	B	1.13%
ALKS	B	0.94%
CPRX	B	0.93%
PFBC	B	0.82%
DAKT	B	0.82%
MHO	D	0.81%
EME	B	0.77%
JXN	B	0.75%
MTG	C	0.75%
CALM	B	0.75%
TMHC	C	0.74%
BCC	B	0.74%
STRL	B	0.73%
RDN	C	0.71%
UVE	B	0.68%
TBBK	B	0.64%
SANM	B	0.64%
SLVM	C	0.64%
POWL	B	0.63%
FDP	B	0.63%
CEIX	B	0.63%
COOP	B	0.62%
UFPT	C	0.62%
MCY	B	0.62%
NTB	B	0.6%
AROC	B	0.6%
HSII	B	0.6%
NMIH	C	0.59%
GMS	B	0.58%
PLUS	F	0.58%
SUPN	B	0.57%
BTU	B	0.57%
NHI	D	0.57%
HWKN	C	0.56%
DOLE	C	0.56%
KBH	D	0.55%
PRK	B	0.55%
BXC	B	0.54%
OFG	B	0.53%
REZI	A	0.53%
EGBN	B	0.53%
CVNA	B	0.53%
MUSA	B	0.52%
BELFB	C	0.52%
YOU	D	0.52%
STBA	B	0.51%
TGNA	B	0.51%
AMWD	B	0.51%
CHCO	B	0.51%
ACT	C	0.5%
PINC	A	0.49%
WT	B	0.49%
DDS	C	0.48%
IIPR	F	0.48%
TEX	D	0.47%
YMAB	D	0.45%
PRDO	B	0.44%
DFIN	D	0.44%
RMR	F	0.44%
PLAB	C	0.43%
ADUS	D	0.42%
WFRD	D	0.41%
BLBD	F	0.41%
SPNS	F	0.41%
LGND	B	0.4%
AMR	C	0.39%
USLM	B	0.39%
M	D	0.39%
TILE	B	0.38%
INMD	B	0.38%
MATX	A	0.38%
EVER	D	0.38%
PRGS	A	0.38%
RXST	F	0.37%
IESC	B	0.37%
VRNT	D	0.37%
WNC	C	0.37%
MD	C	0.37%
ANIP	C	0.37%
MTH	D	0.37%
HIW	D	0.37%
SIG	B	0.37%
LRN	B	0.36%
HRMY	D	0.36%
ODP	F	0.36%
CAL	D	0.36%
APOG	B	0.36%
LPG	F	0.35%
ESNT	D	0.35%
CNXN	C	0.35%
PDM	D	0.35%
CRAI	B	0.35%
ATKR	D	0.34%
GRBK	D	0.33%
CASH	B	0.33%
PBF	F	0.32%
TRMK	B	0.32%
CUZ	C	0.32%
FBP	B	0.32%
AKR	C	0.31%
PRMW	C	0.31%
CMC	B	0.31%
ASO	F	0.31%
GEO	B	0.31%
CCRN	F	0.3%
PFS	B	0.3%
CNK	B	0.3%
SCS	C	0.3%
ATGE	B	0.3%
HURN	B	0.29%
BKE	A	0.29%
BNL	D	0.29%
DXC	B	0.29%
TWI	F	0.28%
HCC	C	0.28%
BHE	C	0.28%
HCI	C	0.28%
BKH	B	0.27%
THFF	B	0.27%
GIII	D	0.27%
HUBG	A	0.27%
AVNS	F	0.27%
MED	C	0.26%
AZZ	B	0.26%
PRM	C	0.26%
PHIN	B	0.26%
PRG	B	0.26%
TCMD	B	0.26%
VIRT	B	0.26%
GNK	D	0.25%
AGX	B	0.25%
ADMA	B	0.25%
ABG	B	0.25%
SXC	B	0.25%
DNOW	B	0.25%
LMAT	B	0.24%
BKU	B	0.24%
HDSN	F	0.24%
INTA	B	0.23%
ASC	F	0.23%
NTCT	B	0.23%
SMP	B	0.23%
KELYA	F	0.22%
IMKTA	B	0.22%
SIGA	D	0.22%
VNDA	B	0.22%
INSW	F	0.22%
KN	B	0.22%
SBH	C	0.22%
MRVI	F	0.21%
HLX	D	0.21%
BLFS	C	0.21%
ENS	D	0.21%
NX	C	0.21%
AMKR	F	0.21%
DHT	D	0.2%
VCTR	B	0.2%
HAE	B	0.2%
SGBX	F	0.2%
ONTO	F	0.2%
WABC	B	0.2%
CMPR	D	0.2%
PK	B	0.2%
KRC	C	0.2%
EXTR	B	0.2%
GOGL	D	0.19%
NVST	C	0.19%
UCTT	F	0.19%
ASGN	C	0.19%
NSSC	F	0.19%
NUS	D	0.19%
TARS	C	0.19%
TNC	F	0.18%
NAVI	D	0.18%
HOV	F	0.18%
SD	D	0.17%
STNG	F	0.17%
VSH	F	0.17%
HY	F	0.17%
TPC	C	0.17%
ADNT	D	0.17%
GES	F	0.16%
BRC	A	0.16%
XRX	F	0.16%
SCVL	D	0.15%
TGTX	B	0.15%
HROW	B	0.15%
OSCR	F	0.15%
SCSC	B	0.14%
MOV	C	0.14%
ALRM	C	0.14%
PCRX	D	0.14%
TWST	F	0.13%
CSGS	B	0.13%
NECB	B	0.13%
CLW	F	0.13%
ALKT	B	0.13%
METC	C	0.13%
CWCO	D	0.13%
ASTH	F	0.13%
INVA	B	0.12%
EIG	A	0.12%
YEXT	A	0.11%
CGEM	F	0.11%
CECO	D	0.11%
CHRD	F	0.11%
GFF	A	0.1%
AMCX	C	0.1%
RAMP	C	0.09%
SPSC	D	0.09%
MAX	F	0.09%
MLKN	D	0.08%
KRYS	B	0.08%
KSS	F	0.07%
PEBK	B	0.07%
TPH	D	0.07%
WGO	B	0.07%
APAM	B	0.06%
FTDR	B	0.06%
AMPH	C	0.06%
GRND	C	0.06%
EOLS	F	0.06%
AMN	F	0.06%
JWN	B	0.06%
ATLO	D	0.06%
REVG	B	0.05%
OTTR	C	0.05%
SWX	B	0.05%
ATEN	B	0.05%
COLL	F	0.05%
OGS	A	0.05%
CTS	B	0.05%
OMI	F	0.05%
NSIT	F	0.05%
SWI	B	0.04%
LBRT	F	0.04%
VITL	F	0.04%
PHR	D	0.04%
SEMR	C	0.04%
TDC	D	0.04%
FORM	F	0.04%
ETD	D	0.04%
ANDE	D	0.04%
HE	F	0.04%
PGNY	F	0.03%
JBI	F	0.03%
RYI	B	0.03%
EMBC	B	0.03%
ACLS	F	0.02%
MITK	C	0.0%
EPAC	B	0.0%

AFSM Underweight 172 Positions Relative to FNY

Symbol	Grade	Weight
AX	B	-0.88%
ALSN	A	-0.85%
COHR	B	-0.85%
SOFI	B	-0.84%
AFRM	B	-0.83%
SFBS	B	-0.81%
CW	B	-0.8%
ITRI	B	-0.8%
KNF	C	-0.79%
DUOL	B	-0.78%
HLNE	B	-0.78%
EXEL	B	-0.77%
CACI	C	-0.77%
FOUR	B	-0.76%
IOT	B	-0.75%
ENSG	C	-0.72%
NTRA	B	-0.71%
TTEK	C	-0.7%
LTH	D	-0.7%
EWBC	B	-0.68%
MOD	C	-0.67%
EXLS	B	-0.66%
IBKR	A	-0.66%
HLI	B	-0.65%
PEGA	A	-0.65%
RL	B	-0.64%
DVA	C	-0.64%
TOST	A	-0.64%
TPG	B	-0.64%
DY	C	-0.63%
TXRH	A	-0.62%
AVAV	C	-0.62%
FRPT	B	-0.62%
FFIN	B	-0.61%
AAON	B	-0.61%
EHC	A	-0.6%
EXP	B	-0.6%
BCO	F	-0.6%
GWRE	A	-0.59%
ATI	D	-0.59%
ITGR	B	-0.58%
BFAM	F	-0.58%
CBT	C	-0.58%
PODD	B	-0.58%
KEX	B	-0.57%
MMSI	B	-0.57%
BOOT	D	-0.56%
ITT	A	-0.56%
NCLH	B	-0.55%
ADC	A	-0.54%
FSS	C	-0.53%
TKO	D	-0.53%
AUR	D	-0.52%
HASI	F	-0.52%
EPRT	C	-0.52%
DOCU	B	-0.51%
S	B	-0.49%
IBP	F	-0.49%
KAI	B	-0.48%
ONB	B	-0.48%
PLNT	A	-0.48%
AWI	B	-0.48%
SMG	D	-0.47%
FLS	B	-0.47%
PRI	A	-0.46%
FFIV	A	-0.46%
WHD	B	-0.46%
BWXT	A	-0.46%
RYAN	A	-0.45%
CLH	B	-0.45%
HOMB	A	-0.45%
SCI	B	-0.45%
TW	C	-0.44%
CNS	C	-0.44%
OLLI	C	-0.43%
WWD	B	-0.43%
RNA	B	-0.43%
BOX	A	-0.43%
OHI	C	-0.42%
NYT	C	-0.42%
DT	C	-0.42%
ALLE	D	-0.41%
INSM	D	-0.41%
AZEK	B	-0.41%
INSP	F	-0.4%
DKS	F	-0.4%
RARE	D	-0.38%
WYNN	F	-0.38%
RUN	F	-0.36%
RVMD	B	-0.36%
ESAB	B	-0.35%
CRUS	F	-0.35%
PCTY	A	-0.35%
MTCH	F	-0.34%
DTM	B	-0.34%
CFR	B	-0.34%
WING	D	-0.33%
CBSH	A	-0.32%
AXTA	A	-0.31%
WTM	A	-0.31%
GKOS	A	-0.3%
CWST	A	-0.3%
MKTX	C	-0.3%
RLI	A	-0.3%
ORA	C	-0.3%
CHDN	C	-0.3%
ATR	A	-0.3%
DBX	B	-0.3%
MSGS	C	-0.3%
RHP	B	-0.29%
EEFT	C	-0.29%
CROX	F	-0.29%
GAP	B	-0.28%
IRT	A	-0.28%
BCPC	B	-0.28%
LAMR	D	-0.28%
BRX	A	-0.28%
AES	F	-0.28%
KRG	B	-0.28%
GME	C	-0.28%
REG	A	-0.28%
CPT	C	-0.27%
KNSL	C	-0.27%
GPK	D	-0.27%
BLKB	C	-0.27%
CUBE	D	-0.25%
FCN	F	-0.25%
EXPO	D	-0.25%
AGNC	C	-0.25%
AOS	F	-0.24%
FND	F	-0.23%
VRRM	F	-0.23%
CLSK	C	-0.2%
PAYC	B	-0.19%
LYFT	B	-0.19%
GTLS	A	-0.18%
DAY	C	-0.18%
NTNX	B	-0.17%
MARA	C	-0.17%
KD	A	-0.17%
MASI	B	-0.17%
GH	B	-0.17%
LNW	F	-0.16%
GATX	A	-0.16%
TRMB	B	-0.16%
CRNX	B	-0.16%
OWL	B	-0.16%
DCI	A	-0.15%
RGLD	C	-0.15%
RBC	B	-0.15%
ESI	B	-0.15%
MORN	B	-0.15%
CHH	B	-0.15%
GOLF	B	-0.15%
IPAR	B	-0.14%
SSD	D	-0.14%
U	F	-0.14%
ELAN	D	-0.14%
H	B	-0.14%
NEU	C	-0.14%
AM	B	-0.14%
ROIV	C	-0.14%
CNM	D	-0.14%
CHE	D	-0.13%
EGP	C	-0.13%
FR	C	-0.13%
TECH	B	-0.13%
UDR	C	-0.13%
NNN	F	-0.12%
BRKR	F	-0.12%
TDW	F	-0.12%
LCID	F	-0.09%