AFSM vs. FPX ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to First Trust IPOX-100 Index Fund (FPX)

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

$32.67

Average Daily Volume

14,158

Number of Holdings ^*

296

* may have additional holdings in another (foreign) market

FPX

First Trust IPOX-100 Index Fund

FPX 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 IPOX(R)-100 U.S. Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.09

Average Daily Volume

14,632

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	FPX
30 Days	5.74%	9.19%
60 Days	9.56%	17.82%
90 Days	13.38%	25.33%
12 Months	41.37%	50.60%

16 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in FPX	Overlap
ACT	D	0.5%	0.41%	0.41%
COOP	B	0.62%	0.57%	0.57%
CRDO	B	0.28%	0.31%	0.28%
GRND	B	0.06%	0.15%	0.06%
INTA	B	0.23%	0.17%	0.17%
JXN	B	0.75%	0.95%	0.75%
KRYS	B	0.08%	0.22%	0.08%
NSIT	F	0.05%	0.65%	0.05%
OSCR	F	0.15%	0.38%	0.15%
PHIN	B	0.26%	0.18%	0.18%
PSN	A	0.29%	0.46%	0.29%
RXST	F	0.37%	0.15%	0.15%
SGBX	F	0.2%	0.31%	0.2%
SLVM	C	0.64%	0.38%	0.38%
TMDX	F	0.21%	0.22%	0.21%
ZETA	C	0.69%	0.32%	0.32%

AFSM Overweight 280 Positions Relative to FPX

Symbol	Grade	Weight
MLI	B	1.31%
SKYW	B	1.2%
NHC	B	1.15%
IDCC	A	1.13%
SFM	B	1.0%
ALKS	B	0.94%
CPRX	B	0.93%
ANF	D	0.86%
CRS	B	0.85%
PFBC	B	0.82%
DAKT	B	0.82%
MHO	D	0.81%
EME	B	0.77%
MTG	D	0.75%
CALM	A	0.75%
TMHC	C	0.74%
FIX	B	0.74%
BCC	B	0.74%
STRL	B	0.73%
CVLT	B	0.73%
HALO	B	0.72%
RDN	C	0.71%
UVE	B	0.68%
SLG	C	0.67%
TBBK	B	0.64%
LNTH	F	0.64%
SANM	B	0.64%
POWL	B	0.63%
FDP	B	0.63%
CEIX	B	0.63%
UFPT	B	0.62%
MCY	B	0.62%
GMED	B	0.61%
BMI	B	0.61%
NTB	B	0.6%
AROC	B	0.6%
HSII	B	0.6%
NMIH	D	0.59%
CRVL	B	0.58%
GMS	B	0.58%
PLUS	D	0.58%
SUPN	B	0.57%
BTU	C	0.57%
NHI	C	0.57%
HWKN	C	0.56%
DOLE	B	0.56%
KBH	D	0.55%
PRK	B	0.55%
PI	D	0.54%
CORT	B	0.54%
BXC	B	0.54%
OFG	C	0.53%
BRBR	A	0.53%
REZI	A	0.53%
COKE	D	0.53%
EGBN	B	0.53%
CVNA	B	0.53%
MUSA	B	0.52%
BELFB	B	0.52%
YOU	C	0.52%
STBA	C	0.51%
TGNA	B	0.51%
AMWD	B	0.51%
CHCO	B	0.51%
APPF	B	0.49%
PINC	B	0.49%
WT	B	0.49%
DDS	C	0.48%
IIPR	F	0.48%
HRB	D	0.47%
TEX	C	0.47%
CSWI	B	0.45%
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%
BDC	B	0.4%
HIMS	B	0.4%
AMR	C	0.39%
USLM	B	0.39%
M	D	0.39%
TILE	B	0.38%
INMD	C	0.38%
MATX	B	0.38%
EVER	D	0.38%
PRGS	A	0.38%
IESC	B	0.37%
VRNT	D	0.37%
WNC	C	0.37%
MD	B	0.37%
ANIP	C	0.37%
MTH	D	0.37%
HIW	D	0.37%
BPMC	B	0.37%
SIG	B	0.37%
LRN	B	0.36%
HRMY	D	0.36%
QTWO	B	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	C	0.35%
CRAI	B	0.35%
ATKR	C	0.34%
GRBK	D	0.33%
CASH	A	0.33%
PBF	F	0.32%
TRMK	B	0.32%
CUZ	C	0.32%
FBP	B	0.32%
MOG.A	B	0.32%
AKR	C	0.31%
PRMW	C	0.31%
CMC	B	0.31%
RDNT	B	0.31%
ASO	F	0.31%
GEO	B	0.31%
LOPE	B	0.31%
CCRN	F	0.3%
PFS	B	0.3%
CNK	A	0.3%
SBRA	B	0.3%
SCS	C	0.3%
ATGE	B	0.3%
HURN	B	0.29%
IBOC	B	0.29%
BKE	A	0.29%
BNL	D	0.29%
DXC	B	0.29%
TWI	D	0.28%
HCC	C	0.28%
BHE	B	0.28%
ITCI	B	0.28%
HCI	B	0.28%
BKH	B	0.27%
THFF	A	0.27%
GIII	C	0.27%
HUBG	B	0.27%
VRNS	D	0.27%
AVNS	D	0.27%
MEDP	D	0.26%
MED	D	0.26%
AZZ	B	0.26%
PRM	C	0.26%
PRG	C	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%
PIPR	B	0.23%
ASC	F	0.23%
NTCT	B	0.23%
SMP	B	0.23%
KELYA	F	0.22%
IMKTA	C	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	B	0.21%
ENS	D	0.21%
NX	C	0.21%
AMKR	F	0.21%
DHT	F	0.2%
VCTR	B	0.2%
HAE	B	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	B	0.19%
NSSC	F	0.19%
NUS	D	0.19%
TARS	B	0.19%
TNC	F	0.18%
NAVI	C	0.18%
HOV	D	0.18%
AXSM	B	0.18%
SD	D	0.17%
STNG	F	0.17%
VSH	F	0.17%
HY	F	0.17%
TPC	B	0.17%
ADNT	F	0.17%
GES	F	0.16%
BRC	B	0.16%
XRX	F	0.16%
SCVL	D	0.15%
TGTX	B	0.15%
HROW	B	0.15%
SCSC	B	0.14%
MOV	C	0.14%
ALRM	C	0.14%
PCRX	D	0.14%
AYI	A	0.14%
TWST	C	0.13%
CSGS	B	0.13%
NECB	A	0.13%
CLW	F	0.13%
ALKT	C	0.13%
METC	C	0.13%
CWCO	D	0.13%
ASTH	F	0.13%
INVA	B	0.12%
EIG	B	0.12%
AIT	A	0.12%
YEXT	B	0.11%
CGEM	F	0.11%
CECO	D	0.11%
CHRD	F	0.11%
GFF	C	0.1%
AMCX	C	0.1%
RAMP	C	0.09%
SPSC	D	0.09%
MAX	F	0.09%
MLKN	D	0.08%
CTRE	C	0.08%
KTB	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%
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	A	0.05%
COLL	F	0.05%
OGS	B	0.05%
CTS	B	0.05%
OMI	F	0.05%
SWI	B	0.04%
LBRT	D	0.04%
VITL	F	0.04%
PHR	D	0.04%
SEMR	C	0.04%
TDC	D	0.04%
FORM	D	0.04%
ETD	D	0.04%
ANDE	D	0.04%
HE	F	0.04%
PGNY	F	0.03%
JBI	F	0.03%
RYI	C	0.03%
EMBC	B	0.03%
ACLS	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 68 Positions Relative to FPX

Symbol	Grade	Weight
IOT	B	-6.82%
CARR	D	-6.71%
PLTR	B	-6.34%
APP	A	-5.64%
REGN	F	-4.6%
DASH	A	-4.1%
GEV	B	-3.64%
CEG	D	-3.63%
KVUE	A	-3.08%
DUOL	B	-2.48%
CRWD	B	-2.35%
RBLX	A	-1.97%
ABNB	C	-1.65%
TPG	B	-1.61%
VRT	B	-1.55%
DTM	A	-1.47%
PCVX	D	-1.37%
HOOD	B	-1.31%
COIN	B	-1.3%
CR	B	-1.17%
DKNG	B	-1.13%
RKT	D	-1.04%
VLTO	D	-1.01%
OWL	B	-0.97%
VERX	B	-0.94%
HQY	A	-0.92%
RYAN	B	-0.9%
KNF	C	-0.89%
CRBG	C	-0.88%
RDDT	B	-0.87%
TOST	A	-0.82%
FNF	C	-0.8%
SNOW	C	-0.79%
ESAB	B	-0.77%
NRG	B	-0.77%
GEHC	D	-0.76%
UTHR	B	-0.71%
AZEK	B	-0.66%
COHR	B	-0.65%
DOCS	B	-0.63%
THC	B	-0.61%
GKOS	A	-0.53%
KNTK	B	-0.53%
SOLV	C	-0.49%
NUVL	D	-0.48%
CNX	B	-0.45%
ACLX	B	-0.43%
PRCT	B	-0.4%
FOUR	B	-0.35%
RVMD	B	-0.35%
LNW	C	-0.35%
STEP	B	-0.31%
RBRK	B	-0.31%
NPAB	F	-0.29%
PECO	B	-0.28%
BROS	B	-0.28%
BSY	D	-0.28%
ROIV	D	-0.27%
KYMR	B	-0.25%
ITRI	B	-0.22%
RNA	B	-0.21%
KROS	B	-0.2%
LTH	D	-0.2%
OGN	F	-0.16%
VRRM	F	-0.15%
ACVA	C	-0.13%
DYN	D	-0.11%
FA	D	-0.1%