AFSM vs. ITEQ ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to BlueStar TA-BIGITech Israel Technology ETF (ITEQ)

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

$30.22

Average Daily Volume

6,315

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

ITEQ

BlueStar TA-BIGITech Israel Technology ETF

ITEQ Description

The investment seeks to provide investment results that correspond generally to the total return performance of the TASE-BlueStar Israel Global Technology Index™ ("TA-BIGITech™"). The fund will invest at least 80% of its total assets in the component securities of the index and in depositary receipts representing such securities. As a result, normally the fund will invest at least 80% of its total assets in Israeli technology companies. TA-BIGITech™ was created in 2013 by BlueStar Global Investors LLC d/b/a BlueStar Indexes® and the ISE and tracks the performance of exchange-listed Israeli technology operating companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$46.31

Average Daily Volume

5,731

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	ITEQ
30 Days	-0.64%	-2.69%
60 Days	4.49%	5.96%
90 Days	7.39%	1.61%
12 Months	26.93%	16.03%

2 Overlapping Holdings

	Symbol	Grade	Weight in AFSM	Weight in ITEQ	Overlap
	INMD	F	0.37%	1.4%	0.37%
	SPNS	C	0.41%	1.23%	0.41%

AFSM Overweight 293 Positions Relative to ITEQ

Symbol	Grade	Weight
NHC	D	1.21%
MLI	C	1.13%
SKYW	B	0.98%
IDCC	A	0.94%
ALKS	B	0.92%
ANF	F	0.88%
CPRX	C	0.86%
TNK	B	0.85%
MHO	C	0.84%
CRS	C	0.83%
MTG	B	0.81%
SFM	A	0.81%
RDN	D	0.78%
DAKT	D	0.78%
PFBC	D	0.78%
BCC	C	0.77%
UVE	C	0.75%
FIX	A	0.73%
ZETA	B	0.72%
TMHC	C	0.72%
CVLT	C	0.71%
HALO	D	0.71%
EME	C	0.71%
TBBK	C	0.68%
JXN	A	0.68%
STRL	B	0.68%
HWKN	A	0.65%
BMI	A	0.65%
NMIH	C	0.65%
NHI	C	0.64%
PLUS	C	0.64%
CALM	B	0.63%
UFPT	D	0.62%
NTB	D	0.61%
SLVM	C	0.61%
COOP	B	0.61%
AROC	B	0.6%
PI	B	0.6%
MCY	B	0.6%
CRVL	C	0.6%
SANM	D	0.6%
SLG	C	0.6%
CEIX	B	0.59%
LNTH	C	0.59%
OFG	D	0.58%
DOLE	C	0.58%
COKE	B	0.58%
ACT	C	0.57%
GMED	D	0.57%
KBH	C	0.57%
BELFB	B	0.56%
GMS	C	0.56%
FDP	C	0.56%
BTU	B	0.55%
STBA	D	0.55%
MUSA	D	0.54%
APPF	C	0.54%
HSII	C	0.54%
PRK	D	0.53%
DFIN	C	0.51%
SUPN	D	0.51%
REZI	D	0.51%
CHCO	D	0.51%
HRB	C	0.5%
TGNA	B	0.5%
BXC	D	0.5%
IIPR	C	0.5%
AMWD	B	0.5%
DDS	D	0.49%
TEX	F	0.48%
BRBR	C	0.48%
BLBD	D	0.48%
POWL	A	0.47%
RMR	B	0.47%
CORT	B	0.46%
EGBN	B	0.46%
YOU	C	0.46%
CSWI	B	0.45%
EVER	D	0.45%
PLAB	D	0.45%
ADUS	D	0.45%
PINC	F	0.44%
LPG	F	0.44%
PRDO	D	0.44%
VRNT	F	0.43%
HRMY	D	0.43%
AMR	F	0.42%
WFRD	F	0.42%
CAL	F	0.42%
SIG	C	0.41%
ESNT	C	0.41%
CVNA	A	0.4%
M	F	0.4%
BDC	B	0.4%
PRGS	B	0.4%
MTH	C	0.4%
YMAB	B	0.39%
WNC	F	0.39%
CNXN	C	0.39%
ANIP	F	0.38%
CCRN	F	0.37%
GRBK	C	0.37%
TMDX	D	0.37%
HIW	C	0.37%
PDM	C	0.36%
LGND	D	0.36%
HDSN	D	0.35%
BPMC	F	0.35%
PBF	F	0.35%
FBP	D	0.35%
RXST	F	0.35%
HIMS	B	0.35%
ASO	D	0.35%
ODP	F	0.34%
TWI	F	0.34%
MATX	C	0.34%
LOPE	D	0.33%
SCS	D	0.33%
MOG.A	A	0.33%
AVNS	D	0.33%
QTWO	C	0.33%
BNL	C	0.32%
LRN	C	0.32%
RDNT	C	0.32%
APOG	B	0.32%
CRAI	C	0.32%
ATKR	F	0.32%
CUZ	C	0.31%
ASC	D	0.31%
USLM	C	0.31%
VRNS	C	0.31%
CMC	D	0.31%
SBRA	C	0.3%
IESC	B	0.3%
CASH	D	0.3%
PRMW	C	0.3%
PFS	D	0.29%
AKR	C	0.29%
BKE	D	0.29%
TILE	C	0.29%
DXC	D	0.29%
GNK	B	0.29%
TRMK	D	0.29%
IBOC	D	0.28%
MD	B	0.28%
BKH	C	0.28%
CNK	C	0.28%
ATGE	D	0.28%
PRG	C	0.28%
TCMD	B	0.28%
THFF	D	0.27%
PHIN	C	0.27%
GEO	F	0.27%
INSW	B	0.27%
GIII	C	0.27%
PSN	A	0.27%
HCI	B	0.27%
HUBG	D	0.27%
AZZ	C	0.27%
BHE	C	0.27%
ONTO	B	0.26%
PRM	B	0.26%
HCC	B	0.26%
ADMA	C	0.26%
VIRT	B	0.26%
DNOW	F	0.26%
HURN	D	0.26%
MEDP	F	0.26%
AMKR	F	0.26%
MED	F	0.25%
BKU	D	0.25%
ABG	D	0.25%
ITCI	D	0.24%
SMP	D	0.24%
IMKTA	F	0.24%
KELYA	D	0.23%
KN	C	0.23%
HLX	D	0.23%
NTCT	B	0.23%
SBH	C	0.23%
NUS	F	0.22%
STNG	D	0.22%
LMAT	B	0.22%
DHT	B	0.22%
UCTT	D	0.22%
ENS	D	0.22%
GOGL	B	0.22%
PIPR	B	0.22%
CMPR	F	0.22%
VNDA	F	0.22%
MRVI	F	0.22%
INTA	C	0.22%
NSSC	F	0.22%
EXTR	C	0.21%
ADNT	D	0.21%
HAE	D	0.21%
TNC	F	0.21%
CRDO	B	0.21%
SIGA	F	0.21%
PK	D	0.21%
BLFS	D	0.2%
SXC	F	0.2%
ASGN	D	0.2%
NX	F	0.2%
NAVI	D	0.2%
HY	F	0.2%
XRX	D	0.2%
KRC	C	0.2%
HOV	D	0.2%
GES	F	0.19%
AXSM	B	0.19%
VSH	F	0.19%
WABC	F	0.19%
VCTR	B	0.18%
SGBX	F	0.18%
SCVL	D	0.18%
BRC	C	0.17%
NVST	D	0.17%
SD	F	0.17%
AGX	A	0.17%
OSCR	C	0.17%
TPC	A	0.16%
SCSC	D	0.15%
HROW	B	0.15%
CWCO	F	0.14%
ASTH	A	0.14%
CLW	F	0.14%
METC	D	0.14%
TWST	D	0.14%
TGTX	C	0.14%
CECO	D	0.14%
TARS	C	0.14%
MAX	B	0.14%
AYI	A	0.13%
NECB	C	0.13%
MOV	F	0.13%
ALRM	F	0.13%
PCRX	F	0.12%
CHRD	F	0.12%
AIT	B	0.12%
EIG	B	0.12%
CGEM	F	0.12%
CSGS	C	0.12%
ALKT	D	0.11%
INVA	B	0.11%
AMCX	F	0.1%
GFF	C	0.1%
SPSC	D	0.1%
RAMP	F	0.09%
YEXT	B	0.09%
KSS	D	0.08%
CTRE	B	0.08%
KRYS	D	0.08%
KTB	B	0.08%
MLKN	F	0.08%
NSIT	B	0.07%
WGO	D	0.07%
OMI	F	0.07%
TPH	C	0.07%
COLL	B	0.06%
VSTO	D	0.06%
EOLS	B	0.06%
JWN	D	0.06%
AMN	F	0.06%
REVG	D	0.05%
OTTR	F	0.05%
SEMR	C	0.05%
ATEN	B	0.05%
ETH	F	0.05%
SWX	C	0.05%
FORM	F	0.05%
ANDE	D	0.05%
GRND	D	0.05%
FTDR	C	0.05%
CTS	B	0.05%
APAM	C	0.05%
OGS	C	0.05%
AMPH	C	0.05%
VITL	B	0.04%
LBRT	F	0.04%
JBI	F	0.04%
HE	F	0.04%
TDC	D	0.04%
PHR	F	0.04%
RYI	F	0.03%
ACLS	F	0.03%
PGNY	F	0.03%
SWI	C	0.03%
EMBC	F	0.03%
ACIW	B	0.02%
MITK	F	0.0%
MAIN	B	0.0%
EPAC	C	0.0%

AFSM Underweight 28 Positions Relative to ITEQ

Symbol	Grade	Weight
CHKP	C	-8.83%
MNDY	C	-8.29%
CYBR	C	-8.15%
DOX	B	-7.39%
NICE	F	-7.11%
WIX	D	-6.54%
S	C	-4.62%
GLBE	C	-3.05%
ORA	C	-2.73%
FROG	F	-2.63%
PAYO	B	-1.68%
CLBT	C	-1.31%
KRNT	B	-1.12%
FVRR	D	-1.03%
SEDG	F	-1.02%
NVCR	F	-0.99%
LMND	F	-0.88%
RDWR	A	-0.65%
NNDM	D	-0.62%
URGN	F	-0.55%
PLTK	C	-0.54%
RSKD	F	-0.54%
SSYS	D	-0.52%
CEVA	B	-0.5%
CGNT	F	-0.46%
NNOX	F	-0.45%
MGIC	C	-0.39%
VPG	F	-0.34%