AFSM vs. IVOV ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Vanguard S&P Mid-Cap 400 Value ETF (IVOV)

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

$30.64

Average Daily Volume

6,330

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$95.45

Average Daily Volume

13,509

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	IVOV
30 Days	4.07%	3.12%
60 Days	8.85%	9.49%
90 Days	9.41%	10.53%
12 Months	30.99%	28.20%

30 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in IVOV	Overlap
ADNT	F	0.21%	0.15%	0.15%
AMKR	F	0.26%	0.25%	0.25%
ASGN	D	0.2%	0.32%	0.2%
AYI	A	0.13%	0.28%	0.13%
BDC	A	0.4%	0.32%	0.32%
BKH	C	0.28%	0.3%	0.28%
BRBR	A	0.48%	0.25%	0.25%
CMC	D	0.31%	0.45%	0.31%
CUZ	C	0.31%	0.31%	0.31%
CVLT	B	0.71%	0.2%	0.2%
ENS	B	0.22%	0.17%	0.17%
ESNT	A	0.41%	0.5%	0.41%
GMED	B	0.57%	0.59%	0.57%
HAE	F	0.21%	0.11%	0.11%
IBOC	D	0.28%	0.14%	0.14%
JWN	D	0.06%	0.16%	0.06%
KBH	D	0.57%	0.22%	0.22%
KRC	C	0.2%	0.28%	0.2%
M	D	0.4%	0.31%	0.31%
MTG	A	0.81%	0.3%	0.3%
NVST	D	0.17%	0.23%	0.17%
OGS	C	0.05%	0.28%	0.05%
PBF	F	0.35%	0.26%	0.26%
SBRA	C	0.3%	0.29%	0.29%
SFM	A	0.81%	0.45%	0.45%
SWX	C	0.05%	0.32%	0.05%
TEX	F	0.48%	0.12%	0.12%
TGNA	B	0.5%	0.17%	0.17%
TMHC	C	0.72%	0.52%	0.52%
VSH	F	0.19%	0.18%	0.18%

AFSM Overweight 265 Positions Relative to IVOV

Symbol	Grade	Weight
NHC	D	1.21%
MLI	B	1.13%
SKYW	B	0.98%
IDCC	A	0.94%
ALKS	B	0.92%
ANF	D	0.88%
CPRX	C	0.86%
TNK	C	0.85%
MHO	C	0.84%
CRS	B	0.83%
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%
HALO	D	0.71%
EME	B	0.71%
TBBK	A	0.68%
JXN	A	0.68%
STRL	B	0.68%
HWKN	B	0.65%
BMI	A	0.65%
NMIH	B	0.65%
NHI	C	0.64%
PLUS	B	0.64%
CALM	A	0.63%
UFPT	D	0.62%
NTB	D	0.61%
SLVM	C	0.61%
COOP	B	0.61%
AROC	B	0.6%
PI	A	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	C	0.58%
ACT	B	0.57%
BELFB	A	0.56%
GMS	B	0.56%
FDP	C	0.56%
BTU	B	0.55%
STBA	D	0.55%
MUSA	D	0.54%
APPF	C	0.54%
HSII	D	0.54%
PRK	D	0.53%
DFIN	B	0.51%
SUPN	D	0.51%
REZI	D	0.51%
CHCO	D	0.51%
HRB	C	0.5%
BXC	D	0.5%
IIPR	C	0.5%
AMWD	C	0.5%
DDS	D	0.49%
BLBD	D	0.48%
POWL	B	0.47%
RMR	B	0.47%
CORT	B	0.46%
EGBN	C	0.46%
YOU	C	0.46%
CSWI	A	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%
SPNS	B	0.41%
CVNA	A	0.4%
PRGS	A	0.4%
MTH	C	0.4%
YMAB	C	0.39%
WNC	F	0.39%
CNXN	C	0.39%
ANIP	F	0.38%
CCRN	F	0.37%
INMD	F	0.37%
GRBK	C	0.37%
TMDX	D	0.37%
HIW	C	0.37%
PDM	C	0.36%
LGND	C	0.36%
HDSN	F	0.35%
BPMC	F	0.35%
FBP	B	0.35%
RXST	F	0.35%
HIMS	C	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	C	0.33%
AVNS	D	0.33%
QTWO	B	0.33%
BNL	C	0.32%
LRN	D	0.32%
RDNT	C	0.32%
APOG	B	0.32%
CRAI	B	0.32%
ATKR	F	0.32%
ASC	D	0.31%
USLM	C	0.31%
VRNS	B	0.31%
IESC	A	0.3%
CASH	C	0.3%
PRMW	B	0.3%
PFS	D	0.29%
AKR	B	0.29%
BKE	B	0.29%
TILE	C	0.29%
DXC	C	0.29%
GNK	D	0.29%
TRMK	D	0.29%
MD	B	0.28%
CNK	D	0.28%
ATGE	D	0.28%
PRG	C	0.28%
TCMD	C	0.28%
THFF	D	0.27%
PHIN	D	0.27%
GEO	D	0.27%
INSW	B	0.27%
GIII	C	0.27%
PSN	A	0.27%
HCI	B	0.27%
HUBG	D	0.27%
AZZ	B	0.27%
BHE	C	0.27%
ONTO	B	0.26%
PRM	C	0.26%
HCC	C	0.26%
ADMA	A	0.26%
VIRT	B	0.26%
DNOW	F	0.26%
HURN	D	0.26%
MEDP	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	B	0.23%
HLX	C	0.23%
NTCT	C	0.23%
SBH	B	0.23%
NUS	F	0.22%
STNG	B	0.22%
LMAT	A	0.22%
DHT	B	0.22%
UCTT	D	0.22%
GOGL	C	0.22%
PIPR	A	0.22%
CMPR	F	0.22%
VNDA	F	0.22%
MRVI	F	0.22%
INTA	C	0.22%
NSSC	F	0.22%
EXTR	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%
NX	F	0.2%
NAVI	D	0.2%
HY	D	0.2%
XRX	D	0.2%
HOV	D	0.2%
GES	F	0.19%
AXSM	D	0.19%
WABC	F	0.19%
VCTR	A	0.18%
SGBX	F	0.18%
SCVL	D	0.18%
BRC	C	0.17%
SD	D	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	B	0.14%
CLW	F	0.14%
METC	D	0.14%
TWST	D	0.14%
TGTX	D	0.14%
CECO	D	0.14%
TARS	C	0.14%
MAX	C	0.14%
NECB	C	0.13%
MOV	F	0.13%
ALRM	F	0.13%
PCRX	D	0.12%
CHRD	F	0.12%
AIT	B	0.12%
EIG	A	0.12%
CGEM	F	0.12%
CSGS	B	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	C	0.08%
KRYS	D	0.08%
KTB	C	0.08%
MLKN	F	0.08%
NSIT	B	0.07%
WGO	D	0.07%
OMI	F	0.07%
TPH	C	0.07%
COLL	A	0.06%
VSTO	B	0.06%
EOLS	C	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%
FORM	D	0.05%
ANDE	D	0.05%
GRND	D	0.05%
FTDR	B	0.05%
CTS	B	0.05%
APAM	B	0.05%
AMPH	C	0.05%
VITL	C	0.04%
LBRT	D	0.04%
JBI	F	0.04%
HE	F	0.04%
TDC	D	0.04%
PHR	F	0.04%
RYI	D	0.03%
ACLS	F	0.03%
PGNY	F	0.03%
SWI	B	0.03%
EMBC	F	0.03%
ACIW	A	0.02%
MITK	F	0.0%
MAIN	A	0.0%
EPAC	A	0.0%

AFSM Underweight 254 Positions Relative to IVOV

Symbol	Grade	Weight
ILMN	B	-1.52%
THC	D	-1.17%
FNF	C	-1.11%
RGA	B	-1.05%
USFD	C	-0.97%
WPC	C	-0.95%
JLL	C	-0.88%
ALLY	F	-0.86%
PFGC	A	-0.84%
RRX	B	-0.81%
BJ	B	-0.77%
COHR	B	-0.75%
JEF	A	-0.74%
AVTR	D	-0.74%
UNM	A	-0.72%
ARMK	C	-0.7%
SNX	C	-0.68%
GPK	D	-0.67%
ORI	A	-0.66%
FHN	D	-0.66%
SF	A	-0.65%
UTHR	C	-0.64%
AFG	A	-0.63%
FLR	B	-0.62%
KNX	D	-0.61%
X	F	-0.61%
CHK	C	-0.6%
WBS	D	-0.59%
GLPI	C	-0.58%
BERY	C	-0.57%
AR	C	-0.57%
AA	B	-0.57%
OGE	C	-0.57%
BMRN	F	-0.55%
SSB	C	-0.54%
ZION	D	-0.53%
ADC	C	-0.53%
ACM	A	-0.53%
DINO	F	-0.53%
ARW	C	-0.52%
WCC	D	-0.52%
NOV	F	-0.51%
OSK	F	-0.51%
PB	D	-0.51%
XPO	F	-0.51%
WTFC	B	-0.51%
BURL	C	-0.5%
CACI	A	-0.5%
MTZ	A	-0.5%
RPM	A	-0.5%
REXR	D	-0.49%
SNV	D	-0.49%
FAF	C	-0.48%
LEA	F	-0.48%
DAR	F	-0.48%
FYBR	C	-0.47%
DKS	D	-0.47%
G	A	-0.47%
GME	D	-0.46%
R	C	-0.46%
CLF	D	-0.45%
STWD	C	-0.45%
ONB	D	-0.45%
RNR	A	-0.44%
EQH	B	-0.44%
CADE	B	-0.43%
OHI	C	-0.42%
VMI	B	-0.42%
ST	F	-0.42%
POST	C	-0.42%
AGCO	D	-0.41%
INGR	B	-0.41%
IBKR	A	-0.41%
LAD	C	-0.41%
CCK	C	-0.41%
THO	C	-0.41%
KRG	C	-0.41%
WHR	C	-0.4%
NFG	A	-0.4%
SRCL	B	-0.4%
VNO	B	-0.4%
AMG	B	-0.4%
SON	D	-0.4%
SCI	D	-0.4%
PVH	D	-0.4%
ERIE	A	-0.39%
NXST	D	-0.39%
TPL	A	-0.39%
GBCI	B	-0.39%
EWBC	B	-0.39%
FNB	D	-0.39%
NNN	C	-0.39%
KD	D	-0.39%
HOMB	D	-0.38%
UGI	C	-0.38%
MDU	C	-0.38%
UBSI	D	-0.38%
CUBE	C	-0.38%
XRAY	D	-0.38%
COLB	C	-0.38%
THG	A	-0.38%
WTRG	D	-0.37%
AMH	D	-0.37%
EHC	C	-0.37%
CIEN	A	-0.36%
POR	D	-0.36%
AVT	B	-0.36%
TTC	F	-0.36%
KBR	A	-0.36%
JHG	A	-0.35%
GAP	F	-0.35%
ELS	D	-0.35%
LAMR	C	-0.34%
IRT	D	-0.34%
ASH	F	-0.33%
PNFP	B	-0.33%
PII	D	-0.33%
CG	B	-0.33%
UMBF	C	-0.33%
NJR	C	-0.33%
HOG	D	-0.33%
BRX	C	-0.33%
SAIC	A	-0.32%
AN	D	-0.32%
RGLD	C	-0.32%
CBSH	D	-0.32%
FLO	D	-0.32%
AVNT	C	-0.32%
CW	A	-0.31%
JAZZ	F	-0.31%
SLGN	B	-0.31%
VOYA	A	-0.31%
WU	D	-0.3%
ATR	A	-0.3%
CFR	B	-0.3%
PRGO	F	-0.29%
TKO	A	-0.29%
ORA	C	-0.29%
KEX	C	-0.29%
SR	D	-0.28%
MKSI	F	-0.28%
CGNX	F	-0.28%
LITE	A	-0.28%
FR	D	-0.28%
ALE	A	-0.27%
STAG	D	-0.27%
PNM	B	-0.27%
VLY	C	-0.27%
DCI	B	-0.27%
CNO	B	-0.27%
MIDD	D	-0.27%
KMPR	D	-0.27%
CNXC	F	-0.26%
MAN	D	-0.26%
CNM	F	-0.26%
CHE	D	-0.26%
CYTK	D	-0.26%
FLS	A	-0.26%
MAT	B	-0.26%
ASB	D	-0.25%
HQY	B	-0.25%
NEOG	F	-0.25%
EGP	D	-0.25%
PCH	C	-0.25%
PAG	D	-0.24%
NWE	C	-0.24%
TKR	B	-0.24%
SEIC	B	-0.24%
CRUS	D	-0.24%
TCBI	B	-0.23%
IDA	D	-0.23%
GATX	F	-0.23%
ALV	F	-0.22%
OLN	D	-0.22%
MUR	F	-0.22%
BHF	D	-0.21%
CXT	F	-0.21%
CC	D	-0.21%
SLM	B	-0.21%
EVR	C	-0.2%
FHI	A	-0.2%
GHC	A	-0.2%
NOVT	C	-0.2%
RCM	B	-0.2%
FFIN	D	-0.2%
DTM	A	-0.2%
SRPT	F	-0.19%
GNTX	D	-0.19%
RYN	C	-0.19%
BRKR	D	-0.19%
HXL	F	-0.19%
EXPO	A	-0.19%
VAC	D	-0.18%
SIGI	D	-0.18%
OPCH	F	-0.18%
GT	F	-0.18%
EXLS	B	-0.18%
ENOV	F	-0.17%
MTN	D	-0.17%
CRI	D	-0.17%
RH	C	-0.16%
WH	C	-0.16%
EEFT	F	-0.16%
CPRI	C	-0.16%
LPX	C	-0.16%
RLI	A	-0.16%
OZK	D	-0.16%
GXO	D	-0.16%
MTSI	B	-0.16%
HWC	D	-0.16%
DOCS	A	-0.16%
ZD	D	-0.16%
LFUS	C	-0.15%
BC	C	-0.15%
LSTR	F	-0.15%
AM	A	-0.15%
PPC	C	-0.14%
ZI	F	-0.14%
SYNA	F	-0.14%
POWI	F	-0.14%
CBT	B	-0.14%
CHX	C	-0.14%
MASI	B	-0.14%
LANC	F	-0.13%
DLB	D	-0.13%
SMG	C	-0.13%
AMED	D	-0.13%
GEF	B	-0.12%
NSA	D	-0.12%
NSP	F	-0.12%
LIVN	C	-0.12%
MSM	D	-0.12%
MMS	C	-0.11%
ALGM	F	-0.11%
VC	F	-0.11%
CHH	A	-0.11%
IRDM	C	-0.11%
SAM	D	-0.1%
EPR	C	-0.1%
COLM	B	-0.1%
UAA	B	-0.1%
UA	B	-0.1%
YETI	C	-0.09%
HELE	D	-0.09%
BLKB	C	-0.09%
WEN	B	-0.09%
KNF	B	-0.09%
MP	C	-0.08%
IPGP	D	-0.08%
WMG	D	-0.07%
TNL	B	-0.07%
AZTA	F	-0.07%
HGV	F	-0.07%
WOLF	F	-0.05%