AFSM vs. MMSC ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to First Trust Multi-Manager Small (MMSC)

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

$29.08

Average Daily Volume

1,709

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$19.65

Average Daily Volume

12,916

Number of Holdings ^*

175

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	MMSC
30 Days	3.33%	2.88%
60 Days	0.73%	1.84%
90 Days	4.96%	4.94%
12 Months	16.71%	20.23%

40 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in MMSC	Overlap
AIT	C	0.11%	0.26%	0.11%
AMKR	B	0.36%	0.14%	0.14%
ANF	C	1.17%	0.46%	0.46%
APPF	B	0.65%	0.47%	0.47%
ASO	F	0.34%	0.27%	0.27%
BMI	C	0.62%	0.32%	0.32%
BPMC	B	0.46%	0.55%	0.46%
BRBR	D	0.58%	1.97%	0.58%
CVNA	B	0.21%	0.6%	0.21%
ELF	B	0.73%	0.71%	0.71%
EME	D	0.75%	0.27%	0.27%
EVER	D	0.55%	0.22%	0.22%
FIX	D	0.8%	0.47%	0.47%
GMED	A	0.61%	0.41%	0.41%
HALO	B	0.07%	0.65%	0.07%
HCI	F	0.23%	0.44%	0.23%
HUBG	C	0.28%	0.4%	0.28%
INTA	D	0.18%	0.27%	0.18%
ITCI	B	0.24%	0.21%	0.21%
KRYS	B	0.09%	0.3%	0.09%
LGND	B	0.33%	0.55%	0.33%
LOPE	C	0.35%	0.26%	0.26%
MAX	F	0.11%	0.09%	0.09%
MEDP	B	0.34%	0.48%	0.34%
MOD	B	0.89%	0.78%	0.78%
MOG.A	B	0.3%	0.31%	0.3%
ONTO	C	0.44%	2.02%	0.44%
OSCR	D	0.3%	0.38%	0.3%
PCRX	F	0.19%	0.22%	0.19%
PIPR	A	0.2%	0.79%	0.2%
PSN	C	0.31%	0.26%	0.26%
QLYS	F	0.27%	0.25%	0.25%
RXST	D	0.44%	0.21%	0.21%
SFM	B	0.35%	0.53%	0.35%
SGBX	F	0.16%	0.74%	0.16%
SPSC	C	0.11%	0.85%	0.11%
STRL	D	0.63%	0.37%	0.37%
SUPN	C	0.47%	0.45%	0.45%
TMDX	C	0.24%	1.48%	0.24%
WFRD	B	0.75%	0.47%	0.47%

AFSM Overweight 262 Positions Relative to MMSC

Symbol	Grade	Weight
SKYW	B	1.17%
TNK	D	1.03%
NHC	B	0.95%
ESGR	B	0.94%
BCC	D	0.93%
IDCC	B	0.91%
ALKS	F	0.89%
PFBC	C	0.78%
RDN	B	0.76%
UFPT	B	0.74%
MTG	A	0.74%
CPRX	C	0.72%
MLI	B	0.69%
ARCH	F	0.68%
AROC	A	0.66%
MHO	C	0.65%
UVE	D	0.65%
COOP	B	0.64%
DAKT	B	0.64%
MUSA	B	0.62%
SANM	A	0.62%
CEIX	C	0.62%
NTB	A	0.61%
TMHC	C	0.61%
LPG	D	0.61%
AMR	D	0.59%
NMIH	A	0.59%
DDS	B	0.58%
CRVL	B	0.57%
VRNT	D	0.57%
M	C	0.56%
OFG	A	0.55%
TBBK	C	0.55%
TEX	D	0.54%
REZI	D	0.54%
BTU	D	0.54%
ATKR	F	0.54%
GMS	D	0.54%
PBF	F	0.53%
MCY	D	0.53%
SLG	B	0.52%
PLUS	D	0.52%
CHCO	B	0.52%
ODP	F	0.51%
ACT	B	0.51%
PLAB	D	0.5%
DFIN	D	0.5%
KBH	B	0.49%
HSII	D	0.49%
TGNA	C	0.49%
BELFB	B	0.49%
WNC	F	0.48%
PRK	B	0.48%
LNTH	B	0.48%
AMWD	D	0.47%
STBA	A	0.47%
RMR	C	0.47%
BXC	F	0.46%
TNC	D	0.46%
DOLE	B	0.46%
PRDO	D	0.46%
FDP	D	0.45%
ANIP	C	0.44%
CAL	D	0.44%
ADUS	B	0.44%
PINC	F	0.44%
SPNS	A	0.42%
INMD	F	0.41%
EGBN	D	0.41%
NSIT	C	0.41%
ESNT	B	0.4%
ASC	D	0.4%
YMAB	D	0.39%
IIPR	A	0.39%
SIG	D	0.39%
HRMY	C	0.38%
HDSN	F	0.38%
HIMS	C	0.38%
CCRN	F	0.38%
NUS	F	0.37%
CWCO	F	0.37%
CRS	B	0.36%
PRGS	C	0.36%
CVLT	B	0.35%
GNK	D	0.35%
CNXN	D	0.35%
POWL	D	0.35%
CRAI	B	0.35%
ALRM	C	0.35%
BDC	C	0.34%
MATX	C	0.34%
CORT	C	0.34%
CBZ	C	0.34%
GEO	B	0.34%
SCS	B	0.34%
TWI	F	0.33%
MTH	C	0.33%
OTTR	D	0.33%
SLVM	D	0.33%
CMC	C	0.33%
INSW	D	0.33%
HIW	B	0.32%
CALM	A	0.32%
HCC	C	0.32%
FBP	A	0.32%
JXN	B	0.31%
YOU	C	0.31%
COKE	C	0.31%
APOG	D	0.31%
IBOC	A	0.31%
AVNS	C	0.3%
DNOW	D	0.3%
METC	D	0.3%
NHI	B	0.3%
HWKN	B	0.3%
RDNT	B	0.3%
UCTT	B	0.3%
QTWO	A	0.29%
CASH	B	0.29%
PRMW	D	0.29%
DXC	D	0.29%
SFL	D	0.29%
SSD	C	0.29%
BNL	B	0.29%
AZZ	C	0.28%
WTS	D	0.28%
STRA	D	0.28%
PDM	A	0.28%
LRN	D	0.28%
HLX	A	0.28%
VNDA	C	0.27%
GRBK	A	0.27%
BKH	C	0.27%
SBRA	B	0.27%
ANDE	F	0.27%
AMRK	D	0.27%
OSIS	B	0.26%
ABG	C	0.26%
BHE	C	0.26%
GIII	F	0.26%
CMPR	C	0.26%
HRB	C	0.26%
SKT	D	0.26%
MED	F	0.26%
STNG	D	0.26%
NSSC	B	0.26%
BKE	C	0.26%
GOGL	D	0.25%
KELYA	F	0.25%
HAE	C	0.25%
VSH	C	0.25%
TILE	D	0.25%
MAC	C	0.25%
SXC	C	0.25%
RAMP	F	0.25%
HURN	C	0.25%
CUZ	B	0.25%
ADNT	F	0.24%
ENS	B	0.24%
HY	D	0.24%
CLW	D	0.24%
THFF	C	0.24%
AMPH	F	0.24%
XRX	F	0.24%
IMKTA	D	0.24%
TCMD	F	0.24%
PFS	C	0.24%
PK	F	0.23%
NTCT	F	0.23%
ZETA	C	0.23%
DHT	D	0.23%
PI	B	0.23%
KN	A	0.23%
PRG	D	0.23%
BKU	B	0.22%
OPCH	D	0.22%
LMAT	A	0.22%
WINA	C	0.22%
KFRC	D	0.21%
GES	D	0.21%
SD	D	0.21%
SBH	C	0.21%
NX	F	0.21%
SIGA	C	0.21%
BLBD	D	0.2%
ASGN	D	0.2%
MRVI	D	0.2%
NAVI	D	0.2%
WABC	C	0.2%
SMP	F	0.2%
MOV	D	0.19%
EXTR	D	0.19%
HOV	C	0.18%
KRC	C	0.18%
AXSM	C	0.18%
MD	F	0.18%
CHRD	D	0.17%
IDYA	C	0.17%
TWST	B	0.16%
NVST	F	0.16%
DFH	F	0.16%
TPC	A	0.15%
LQDA	D	0.15%
BRC	C	0.15%
CECO	B	0.15%
PARR	F	0.15%
CLSK	D	0.14%
BASE	F	0.14%
ADMA	B	0.14%
SCSC	D	0.14%
TARS	D	0.13%
AMCX	F	0.13%
VCTR	C	0.12%
AYI	D	0.12%
ALKT	B	0.12%
CGEM	D	0.12%
ASTH	B	0.11%
INVA	B	0.11%
CSGS	D	0.11%
EIG	B	0.11%
MLKN	C	0.1%
GFF	D	0.1%
KSS	D	0.09%
ROCK	D	0.09%
VGR	C	0.09%
CSWI	B	0.08%
AMN	F	0.08%
YEXT	F	0.08%
TGTX	B	0.08%
JWN	A	0.07%
TPH	B	0.07%
KTB	D	0.07%
WGO	F	0.07%
FORM	C	0.07%
CTS	C	0.06%
CTRE	B	0.06%
VSTO	B	0.06%
KAI	C	0.06%
OMI	F	0.06%
SEMR	D	0.05%
LBRT	D	0.05%
OGS	C	0.05%
IESC	C	0.05%
VCEL	C	0.05%
ATEN	D	0.05%
VITL	C	0.05%
SWX	D	0.05%
APAM	D	0.05%
JBI	D	0.05%
PGNY	D	0.05%
COLL	D	0.05%
TDC	D	0.05%
SWI	D	0.04%
HE	D	0.04%
PHR	F	0.04%
ACLS	C	0.04%
EOLS	D	0.04%
ETD	D	0.04%
RYI	F	0.03%
EMBC	D	0.03%
ZEUS	F	0.03%
MITK	F	0.0%

AFSM Underweight 135 Positions Relative to MMSC

Symbol	Grade	Weight
AXON	D	-1.83%
CYBR	C	-1.81%
WING	D	-1.25%
CRNX	B	-1.18%
FTI	B	-1.13%
PCVX	B	-1.07%
NTRA	B	-1.03%
MANH	C	-0.94%
GKOS	A	-0.88%
AVAV	D	-0.86%
COHR	B	-0.86%
MEG	D	-0.85%
SMCI	C	-0.85%
BROS	C	-0.84%
FRPT	C	-0.84%
HQY	D	-0.83%
PLMR	C	-0.79%
KTOS	B	-0.79%
TNDM	C	-0.74%
ENV	D	-0.74%
RBC	C	-0.74%
XENE	C	-0.73%
CELH	F	-0.73%
MNDY	C	-0.72%
AAON	C	-0.72%
NTNX	D	-0.7%
RYAN	C	-0.69%
HEI	B	-0.67%
MMS	B	-0.64%
CRDO	C	-0.64%
TTEK	D	-0.64%
FCN	C	-0.64%
GWRE	C	-0.63%
FSS	C	-0.62%
VRNS	C	-0.62%
KNSL	F	-0.62%
MGY	B	-0.61%
FN	B	-0.6%
EZPW	D	-0.59%
AZEK	D	-0.58%
EXEL	B	-0.58%
VRT	D	-0.57%
KMPR	B	-0.56%
APG	C	-0.56%
ACHC	D	-0.55%
BCPC	B	-0.55%
CW	B	-0.54%
MRUS	C	-0.54%
CR	C	-0.53%
ICFI	F	-0.51%
BFAM	B	-0.5%
SWN	D	-0.5%
TROX	D	-0.5%
DUOL	F	-0.49%
TREX	D	-0.47%
ICLR	B	-0.47%
ECPG	D	-0.47%
ITGR	C	-0.46%
ESTC	C	-0.46%
UEC	C	-0.46%
AZTA	D	-0.45%
MTSI	B	-0.45%
PSTG	B	-0.45%
TDW	D	-0.44%
KNF	C	-0.44%
PRO	F	-0.43%
SITE	F	-0.43%
SAIA	D	-0.42%
TENB	D	-0.41%
RGEN	F	-0.41%
VSEC	B	-0.4%
ERJ	C	-0.4%
TECH	D	-0.4%
PZZA	F	-0.39%
CHEF	B	-0.39%
SMTC	C	-0.38%
VECO	C	-0.37%
IRTC	D	-0.37%
VIRT	D	-0.37%
LIVN	F	-0.37%
FIVE	F	-0.37%
SKWD	C	-0.36%
NEOG	C	-0.35%
GLOB	D	-0.35%
CNM	D	-0.35%
POWI	D	-0.35%
WHD	B	-0.35%
NUVL	C	-0.35%
EVR	A	-0.35%
RVLV	F	-0.34%
ASPN	D	-0.34%
ENVX	C	-0.33%
IBP	C	-0.33%
HSTM	B	-0.33%
RMBS	C	-0.33%
ATI	D	-0.32%
CGNX	C	-0.32%
LNN	F	-0.31%
MSA	B	-0.31%
ALTR	B	-0.31%
LASR	F	-0.3%
RARE	C	-0.29%
VERX	B	-0.29%
SLAB	F	-0.28%
LSCC	F	-0.28%
RPD	D	-0.27%
AMRC	D	-0.27%
MKTX	D	-0.27%
FIVN	F	-0.26%
TOST	D	-0.26%
KFY	C	-0.26%
BLFS	C	-0.25%
ITRI	D	-0.25%
SKY	C	-0.24%
RBRK	D	-0.23%
BECN	C	-0.23%
KRNT	D	-0.22%
GTLS	C	-0.22%
TYL	B	-0.21%
WAL	B	-0.21%
SDGR	F	-0.21%
AMBA	C	-0.2%
FWRG	F	-0.18%
WIX	C	-0.18%
ZWS	D	-0.17%
CUBI	B	-0.16%
DNUT	F	-0.16%
RYTM	C	-0.14%
GPOR	D	-0.14%
QNST	D	-0.13%
PODD	C	-0.13%
RXO	B	-0.13%
ESI	B	-0.09%
KYMR	C	-0.07%
INSM	A	-0.06%