AFSM vs. HSMV ETF Comparison

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

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

$32.19

Average Daily Volume

15,699

Number of Holdings ^*

295

* 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

$38.09

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	HSMV
30 Days	5.15%	3.72%
60 Days	4.94%	5.02%
90 Days	5.47%	5.82%
12 Months	31.74%	26.13%

14 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in HSMV	Overlap
BKH	A	0.26%	0.9%	0.26%
COOP	B	0.63%	0.35%	0.35%
CTRE	C	0.07%	1.54%	0.07%
ESNT	F	0.34%	0.67%	0.34%
HRB	D	0.44%	0.26%	0.26%
IDCC	B	1.17%	0.77%	0.77%
LOPE	C	0.36%	0.74%	0.36%
MTG	C	0.73%	0.55%	0.55%
MUSA	B	0.51%	0.47%	0.47%
NMIH	C	0.56%	0.55%	0.55%
OGS	A	0.05%	0.72%	0.05%
PRGS	A	0.38%	0.58%	0.38%
RDN	D	0.7%	0.4%	0.4%
SBRA	C	0.29%	0.55%	0.29%

AFSM Overweight 281 Positions Relative to HSMV

Symbol	Grade	Weight
MLI	B	1.38%
SKYW	C	1.22%
NHC	C	1.2%
SFM	A	1.0%
CPRX	C	0.93%
ALKS	C	0.93%
PFBC	B	0.87%
CRS	B	0.87%
DAKT	C	0.86%
STRL	A	0.84%
ANF	F	0.82%
ZETA	D	0.81%
FIX	A	0.79%
EME	A	0.79%
MHO	D	0.78%
JXN	C	0.78%
CVLT	B	0.74%
BCC	B	0.72%
CALM	A	0.72%
HALO	F	0.7%
UVE	B	0.7%
POWL	C	0.7%
TMHC	C	0.7%
TBBK	B	0.7%
SANM	B	0.67%
CEIX	A	0.67%
MCY	A	0.65%
SLVM	B	0.65%
SLG	B	0.65%
HSII	B	0.64%
AROC	A	0.64%
BMI	B	0.63%
CRVL	B	0.62%
HWKN	B	0.61%
FDP	B	0.61%
GMED	A	0.61%
GMS	B	0.6%
REZI	A	0.6%
UFPT	C	0.6%
PLUS	F	0.59%
NTB	B	0.58%
PRK	B	0.58%
EGBN	B	0.57%
NHI	D	0.57%
CORT	B	0.57%
SUPN	C	0.56%
BTU	B	0.55%
TGNA	B	0.55%
OFG	B	0.54%
BXC	B	0.54%
CHCO	B	0.54%
CVNA	B	0.53%
BELFB	C	0.53%
STBA	B	0.53%
DOLE	D	0.53%
KBH	D	0.52%
BRBR	A	0.52%
AMWD	C	0.52%
HIMS	B	0.51%
COKE	C	0.51%
GEO	B	0.51%
PI	D	0.5%
APPF	B	0.49%
WT	A	0.49%
ACT	C	0.49%
PRDO	B	0.47%
TEX	F	0.47%
DFIN	D	0.46%
CSWI	B	0.46%
PINC	B	0.46%
DDS	B	0.44%
PLAB	C	0.43%
USLM	A	0.43%
LNTH	D	0.43%
WFRD	D	0.42%
RMR	F	0.42%
IESC	C	0.41%
LGND	C	0.41%
YMAB	F	0.41%
EVER	D	0.41%
QTWO	A	0.4%
ADUS	D	0.4%
AMR	C	0.39%
BDC	C	0.39%
INMD	C	0.38%
WNC	C	0.38%
VRNT	C	0.38%
M	F	0.37%
RDNT	B	0.37%
YOU	D	0.37%
MATX	C	0.37%
SIG	B	0.37%
ANIP	F	0.37%
APOG	C	0.37%
TILE	B	0.37%
BPMC	B	0.36%
CRAI	C	0.36%
MD	C	0.36%
LRN	A	0.36%
HRMY	D	0.36%
CAL	F	0.36%
BLBD	D	0.36%
IIPR	D	0.36%
HIW	C	0.35%
CNXN	C	0.35%
CASH	B	0.35%
PDM	D	0.34%
MOG.A	B	0.34%
TRMK	C	0.34%
MTH	D	0.34%
CMC	B	0.33%
FBP	C	0.33%
ATKR	D	0.33%
PBF	D	0.32%
LPG	F	0.32%
ATGE	B	0.32%
PFS	B	0.32%
CUZ	B	0.31%
SCS	C	0.31%
IBOC	B	0.31%
SPNS	F	0.3%
TWI	F	0.3%
DXC	B	0.3%
CNK	C	0.3%
GRBK	D	0.3%
RXST	F	0.3%
BHE	C	0.29%
AKR	B	0.29%
CRDO	B	0.29%
DNOW	B	0.29%
HURN	C	0.29%
TCMD	B	0.29%
ODP	F	0.29%
ADMA	B	0.28%
VIRT	A	0.28%
BKE	B	0.28%
PHIN	A	0.28%
ASO	F	0.28%
HUBG	A	0.28%
THFF	B	0.28%
AZZ	A	0.27%
MEDP	D	0.27%
AVNS	F	0.27%
SXC	A	0.27%
ITCI	C	0.27%
HCC	B	0.27%
BNL	D	0.27%
PSN	D	0.27%
ABG	C	0.26%
INTA	B	0.26%
BKU	A	0.26%
CCRN	F	0.26%
PRG	C	0.26%
VRNS	D	0.26%
HCI	C	0.26%
PIPR	A	0.25%
GNK	D	0.25%
AGX	B	0.25%
GIII	D	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
VNDA	C	0.23%
MED	D	0.23%
NTCT	C	0.23%
LMAT	A	0.23%
HLX	B	0.22%
IMKTA	C	0.22%
HDSN	F	0.22%
SMP	C	0.22%
AMKR	D	0.21%
NX	C	0.21%
TMDX	F	0.21%
VCTR	B	0.21%
EXTR	C	0.21%
SIGA	F	0.21%
WABC	B	0.21%
SBH	C	0.21%
PK	C	0.2%
BLFS	C	0.2%
ENS	F	0.2%
KRC	B	0.2%
CMPR	D	0.2%
INSW	F	0.2%
NUS	D	0.2%
SGBX	F	0.19%
DHT	F	0.19%
ONTO	F	0.19%
ASGN	F	0.19%
ASC	F	0.19%
NSSC	D	0.19%
TARS	C	0.19%
UCTT	D	0.18%
TPC	C	0.18%
TNC	D	0.18%
GOGL	F	0.18%
NAVI	F	0.18%
HOV	D	0.17%
TGTX	B	0.17%
NVST	B	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
BRC	D	0.16%
KELYA	F	0.16%
XRX	F	0.16%
SD	D	0.16%
HY	D	0.16%
HROW	D	0.16%
VSH	F	0.16%
SCSC	C	0.15%
SCVL	F	0.15%
GES	F	0.15%
STNG	F	0.15%
AIT	B	0.14%
NECB	C	0.14%
METC	C	0.14%
ALRM	C	0.14%
MRVI	F	0.14%
AYI	B	0.14%
EIG	B	0.13%
TWST	F	0.13%
CWCO	C	0.13%
PCRX	C	0.13%
MOV	D	0.13%
CSGS	B	0.13%
CECO	B	0.12%
CLW	F	0.12%
ALKT	B	0.12%
OSCR	D	0.11%
YEXT	B	0.11%
CHRD	D	0.11%
INVA	D	0.11%
CGEM	F	0.11%
RAMP	B	0.1%
GFF	A	0.1%
AMCX	C	0.1%
ASTH	F	0.1%
SPSC	D	0.09%
MAX	F	0.09%
MLKN	F	0.08%
KRYS	C	0.08%
KTB	B	0.08%
ATLO	C	0.07%
TPH	D	0.07%
PEBK	B	0.07%
WGO	C	0.07%
FTDR	B	0.06%
APAM	B	0.06%
CTS	C	0.06%
GRND	A	0.06%
JWN	D	0.06%
OMI	F	0.06%
KSS	F	0.06%
SWX	B	0.05%
REVG	C	0.05%
AMPH	F	0.05%
NSIT	F	0.05%
ATEN	A	0.05%
HE	C	0.04%
AMN	F	0.04%
TDC	D	0.04%
SEMR	C	0.04%
PHR	F	0.04%
FORM	D	0.04%
ETD	C	0.04%
EOLS	D	0.04%
ANDE	D	0.04%
OTTR	C	0.04%
COLL	F	0.04%
PGNY	F	0.03%
JBI	F	0.03%
VITL	D	0.03%
RYI	C	0.03%
SWI	C	0.03%
EMBC	C	0.03%
LBRT	D	0.03%
ACLS	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	C	0.0%

AFSM Underweight 133 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	B	-2.09%
DTM	A	-2.06%
SEIC	B	-1.89%
ORI	A	-1.76%
IDA	A	-1.65%
INGR	C	-1.65%
OGE	A	-1.59%
POST	C	-1.56%
RLI	A	-1.42%
MSGS	A	-1.4%
ADC	A	-1.34%
DCI	B	-1.33%
CACI	D	-1.29%
FHI	B	-1.26%
AMH	C	-1.24%
NJR	A	-1.24%
AM	A	-1.21%
NFG	A	-1.18%
FLO	D	-1.17%
CHE	D	-1.16%
NWE	B	-1.13%
OHI	C	-1.08%
AFG	A	-1.08%
POR	C	-1.07%
GGG	B	-1.06%
NNN	C	-1.01%
GNTX	C	-0.99%
GLPI	C	-0.99%
NYT	D	-0.95%
EHC	B	-0.9%
MMS	F	-0.89%
FCPT	C	-0.86%
DLB	B	-0.85%
CBSH	B	-0.83%
ELS	C	-0.81%
MSA	F	-0.8%
EPR	C	-0.79%
PRI	B	-0.78%
AVA	A	-0.76%
LSTR	D	-0.76%
PBH	A	-0.76%
EFC	C	-0.76%
KBR	F	-0.75%
PECO	A	-0.74%
ENSG	C	-0.73%
AWR	B	-0.72%
SF	B	-0.72%
RPM	A	-0.68%
SLGN	A	-0.68%
RNR	C	-0.67%
CPK	A	-0.67%
CW	C	-0.67%
RGA	A	-0.67%
AGO	B	-0.67%
JHG	B	-0.66%
EPRT	B	-0.65%
MDU	D	-0.64%
AMG	B	-0.63%
CDP	C	-0.63%
EGP	D	-0.63%
SCI	B	-0.62%
ACM	B	-0.57%
FELE	B	-0.56%
GATX	A	-0.56%
CHH	A	-0.56%
COLM	C	-0.55%
RS	B	-0.54%
BCPC	B	-0.53%
FLS	B	-0.52%
CWT	C	-0.51%
FNF	B	-0.51%
EPC	F	-0.49%
AVT	C	-0.49%
FCN	F	-0.49%
BRX	A	-0.48%
BWXT	B	-0.48%
LANC	C	-0.46%
JEF	A	-0.46%
PFGC	B	-0.45%
FR	D	-0.45%
CHDN	B	-0.45%
ARW	D	-0.45%
PB	B	-0.45%
CNO	B	-0.44%
MSM	C	-0.44%
LAMR	C	-0.43%
ENR	B	-0.43%
RYN	D	-0.42%
BLKB	B	-0.41%
FAF	A	-0.4%
FNB	A	-0.38%
ITT	A	-0.38%
CLH	C	-0.38%
EXEL	B	-0.38%
ASH	F	-0.36%
GPK	C	-0.36%
ABM	B	-0.36%
BJ	A	-0.36%
G	B	-0.35%
IOSP	C	-0.35%
SAIC	F	-0.35%
LXP	D	-0.34%
RGLD	C	-0.34%
EVR	B	-0.34%
LECO	C	-0.34%
JAZZ	B	-0.33%
CSL	C	-0.33%
MAN	F	-0.32%
KEX	B	-0.31%
AGCO	D	-0.31%
JJSF	C	-0.31%
ONB	C	-0.31%
R	B	-0.3%
KFY	B	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
MIDD	C	-0.28%
EVTC	B	-0.28%
OSK	C	-0.28%
ORA	B	-0.27%
PLXS	B	-0.27%
CASY	A	-0.26%
LII	A	-0.26%
FSS	B	-0.24%
LFUS	D	-0.24%
CUBE	C	-0.24%
AIN	C	-0.24%
IRT	A	-0.23%
HXL	F	-0.22%
CRI	F	-0.21%
REXR	F	-0.2%
PCH	F	-0.19%
NSA	C	-0.13%