AFSM vs. SMLV ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to SPDR Russell 2000 Low Volatility (SMLV)

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

$30.05

Average Daily Volume

7,530

Number of Holdings ^*

294

* may have additional holdings in another (foreign) market

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$124.90

Average Daily Volume

11,074

Number of Holdings ^*

403

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	SMLV
30 Days	1.71%	3.56%
60 Days	-0.01%	2.43%
90 Days	6.98%	16.65%
12 Months	24.00%	25.39%

79 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in SMLV	Overlap
ACIW	B	0.02%	0.1%	0.02%
ADMA	C	0.25%	0.12%	0.12%
ADUS	B	0.46%	0.11%	0.11%
AGX	B	0.17%	0.25%	0.17%
ALKS	C	0.97%	0.05%	0.05%
ALRM	F	0.14%	0.04%	0.04%
AMN	F	0.07%	0.05%	0.05%
AMPH	C	0.05%	0.05%	0.05%
ANIP	F	0.39%	0.04%	0.04%
APOG	C	0.31%	0.07%	0.07%
AROC	D	0.59%	0.1%	0.1%
ASGN	D	0.2%	0.05%	0.05%
ATEN	C	0.05%	0.05%	0.05%
AVNS	B	0.36%	0.07%	0.07%
AZZ	D	0.26%	0.08%	0.08%
BHE	C	0.26%	0.11%	0.11%
BKH	A	0.29%	0.22%	0.22%
BMI	A	0.63%	0.14%	0.14%
BNL	A	0.33%	0.15%	0.15%
BRC	B	0.17%	0.15%	0.15%
CALM	B	0.63%	0.13%	0.13%
CHCO	B	0.54%	1.23%	0.54%
CORT	B	0.39%	0.06%	0.06%
CSGS	C	0.13%	0.12%	0.12%
CSWI	B	0.41%	0.17%	0.17%
CTRE	A	0.08%	0.13%	0.08%
CTS	D	0.05%	0.07%	0.05%
CUZ	B	0.32%	0.11%	0.11%
CVLT	B	0.71%	0.14%	0.14%
EIG	B	0.13%	0.87%	0.13%
ENS	D	0.22%	0.08%	0.08%
EPAC	B	0.0%	0.08%	0.0%
ETH	F	0.05%	0.05%	0.05%
FORM	F	0.05%	0.05%	0.05%
FTDR	B	0.05%	0.11%	0.05%
HAE	D	0.21%	0.05%	0.05%
HCC	D	0.23%	0.1%	0.1%
HIW	A	0.38%	0.12%	0.12%
HRMY	B	0.44%	0.05%	0.05%
HSII	C	0.57%	0.09%	0.09%
HUBG	C	0.29%	0.1%	0.1%
HURN	C	0.27%	0.08%	0.08%
HWKN	C	0.63%	0.12%	0.12%
IBOC	C	0.3%	1.02%	0.3%
INVA	B	0.13%	0.11%	0.11%
JBI	F	0.04%	0.05%	0.04%
KN	D	0.23%	0.07%	0.07%
LMAT	B	0.22%	0.1%	0.1%
LOPE	D	0.33%	0.08%	0.08%
MOG.A	B	0.32%	0.1%	0.1%
NHC	D	1.27%	0.23%	0.23%
NHI	B	0.68%	0.14%	0.14%
NTCT	D	0.23%	0.1%	0.1%
NVST	D	0.16%	0.05%	0.05%
PCRX	F	0.11%	0.03%	0.03%
PINC	C	0.46%	0.11%	0.11%
PLUS	B	0.61%	0.07%	0.07%
PRDO	D	0.45%	0.07%	0.07%
PRGS	B	0.37%	0.11%	0.11%
PRK	C	0.56%	1.38%	0.56%
RDN	C	0.83%	0.93%	0.83%
RDNT	B	0.3%	0.05%	0.05%
SANM	D	0.6%	0.07%	0.07%
SCSC	D	0.15%	0.06%	0.06%
SMP	C	0.24%	0.13%	0.13%
SPNS	D	0.42%	0.07%	0.07%
STBA	C	0.59%	0.99%	0.59%
SUPN	D	0.59%	0.07%	0.07%
SXC	F	0.19%	0.07%	0.07%
TGNA	C	0.49%	0.11%	0.11%
THFF	C	0.28%	0.35%	0.28%
TNC	D	0.21%	0.08%	0.08%
TPH	C	0.08%	0.06%	0.06%
TRMK	C	0.31%	0.91%	0.31%
UFPT	C	0.6%	0.12%	0.12%
VIRT	B	0.28%	1.51%	0.28%
VRNT	F	0.46%	0.04%	0.04%
VSH	F	0.19%	0.06%	0.06%
WABC	D	0.21%	0.92%	0.21%

AFSM Overweight 215 Positions Relative to SMLV

Symbol	Grade	Weight
MLI	B	1.13%
IDCC	B	0.95%
SKYW	C	0.93%
CPRX	B	0.89%
ANF	D	0.88%
MTG	B	0.85%
MHO	B	0.84%
PFBC	C	0.82%
SFM	B	0.81%
TNK	D	0.8%
HALO	B	0.79%
DAKT	D	0.79%
CRS	B	0.77%
UVE	B	0.76%
TMHC	B	0.72%
BCC	C	0.71%
NMIH	B	0.68%
TBBK	B	0.67%
EME	A	0.66%
ZETA	B	0.64%
NTB	C	0.64%
COOP	B	0.63%
JXN	B	0.63%
COKE	C	0.62%
FIX	B	0.62%
ACT	A	0.6%
CRVL	B	0.6%
OFG	C	0.6%
GMED	D	0.6%
MUSA	B	0.6%
MCY	C	0.59%
LNTH	C	0.59%
SLG	B	0.59%
DOLE	A	0.58%
FDP	B	0.58%
SLVM	B	0.58%
KBH	B	0.58%
GMS	C	0.56%
STRL	C	0.56%
APPF	D	0.54%
CEIX	C	0.54%
DFIN	B	0.54%
HRB	C	0.53%
PI	B	0.52%
RMR	C	0.5%
REZI	D	0.5%
CAL	F	0.5%
TEX	D	0.49%
AMWD	C	0.49%
EVER	D	0.49%
IIPR	A	0.49%
BELFB	C	0.49%
BRBR	C	0.48%
BTU	D	0.47%
YOU	B	0.47%
BXC	D	0.47%
WFRD	D	0.47%
BLBD	C	0.46%
EGBN	C	0.46%
LPG	F	0.46%
DDS	D	0.45%
ESNT	B	0.44%
PLAB	D	0.43%
YMAB	C	0.43%
RXST	C	0.41%
WNC	F	0.41%
M	D	0.4%
MTH	B	0.4%
CCRN	F	0.39%
LGND	C	0.39%
PBF	F	0.38%
CNXN	B	0.38%
INMD	D	0.38%
TMDX	D	0.37%
AMR	F	0.36%
BPMC	F	0.36%
GRBK	B	0.36%
BDC	B	0.36%
POWL	C	0.36%
ODP	F	0.36%
PDM	B	0.36%
TWI	D	0.36%
SCS	C	0.35%
HDSN	F	0.35%
ASO	C	0.35%
FBP	D	0.35%
SIG	C	0.34%
ATKR	F	0.34%
CASH	B	0.33%
DXC	C	0.32%
LRN	B	0.32%
CVNA	B	0.32%
MATX	C	0.32%
CRAI	C	0.32%
QTWO	B	0.32%
ASC	D	0.31%
HIMS	D	0.31%
PRMW	B	0.31%
CNK	B	0.31%
VRNS	C	0.3%
CMC	D	0.3%
TILE	B	0.3%
AKR	B	0.3%
BKE	B	0.3%
SBRA	A	0.3%
GEO	D	0.3%
PFS	C	0.3%
GIII	C	0.29%
PRG	B	0.28%
PHIN	C	0.28%
TCMD	C	0.28%
ATGE	D	0.28%
MEDP	D	0.28%
GNK	D	0.27%
INSW	D	0.27%
PSN	B	0.27%
DNOW	D	0.27%
USLM	B	0.27%
MD	C	0.27%
MRVI	C	0.26%
MED	F	0.26%
BKU	C	0.26%
SIGA	D	0.25%
VNDA	D	0.25%
ITCI	D	0.25%
IMKTA	D	0.25%
AMKR	D	0.25%
HCI	C	0.25%
IESC	C	0.24%
CMPR	F	0.24%
ABG	F	0.24%
ONTO	D	0.23%
NUS	F	0.23%
PRM	B	0.23%
KELYA	D	0.23%
STNG	D	0.22%
DHT	C	0.22%
PIPR	B	0.22%
INTA	B	0.22%
HLX	F	0.22%
SBH	C	0.22%
AXSM	C	0.21%
NAVI	C	0.21%
HOV	C	0.21%
XRX	F	0.21%
NSSC	D	0.21%
PK	F	0.21%
GOGL	D	0.2%
ADNT	F	0.2%
NX	D	0.2%
HY	D	0.2%
BLFS	B	0.2%
SD	F	0.19%
GES	F	0.19%
UCTT	F	0.19%
KRC	C	0.19%
EXTR	C	0.19%
VCTR	B	0.18%
CRDO	D	0.18%
SCVL	C	0.18%
SGBX	F	0.17%
OSCR	C	0.16%
MAX	C	0.15%
CLW	F	0.15%
HROW	B	0.15%
CWCO	D	0.15%
TGTX	B	0.15%
TPC	C	0.15%
CECO	C	0.14%
MOV	F	0.14%
TARS	C	0.14%
AYI	B	0.13%
TWST	D	0.13%
CHRD	F	0.13%
CGEM	D	0.13%
METC	F	0.12%
ASTH	B	0.12%
SPSC	D	0.11%
ALKT	D	0.11%
AIT	C	0.11%
YEXT	C	0.1%
GFF	C	0.1%
AMCX	F	0.1%
KRYS	D	0.09%
RAMP	F	0.09%
MLKN	D	0.09%
KTB	A	0.08%
KSS	F	0.08%
JWN	C	0.07%
NSIT	C	0.07%
OMI	D	0.07%
WGO	D	0.07%
COLL	C	0.06%
EOLS	C	0.06%
VSTO	B	0.06%
REVG	D	0.05%
OTTR	D	0.05%
ANDE	D	0.05%
SWX	C	0.05%
PHR	C	0.05%
GRND	B	0.05%
APAM	C	0.05%
HE	D	0.05%
OGS	A	0.05%
EMBC	C	0.04%
PGNY	F	0.04%
LBRT	D	0.04%
TDC	F	0.04%
SEMR	D	0.04%
RYI	F	0.03%
ACLS	F	0.03%
VITL	D	0.03%
SWI	B	0.03%
MITK	F	0.0%
MAIN	C	0.0%

AFSM Underweight 324 Positions Relative to SMLV

Symbol	Grade	Weight
NNI	B	-1.77%
THG	A	-1.65%
PJT	C	-1.62%
CBU	C	-1.55%
NBTB	D	-1.36%
ONB	C	-1.34%
ESGR	D	-1.26%
NWBI	C	-1.17%
FFIN	C	-1.15%
TOWN	B	-1.13%
NBHC	D	-1.08%
GCMG	B	-1.07%
CNO	B	-1.07%
BUSE	C	-1.04%
EFSC	C	-1.03%
HMN	C	-1.01%
SASR	B	-1.01%
FCF	C	-1.0%
MGRC	F	-1.0%
SYBT	C	-0.99%
WAFD	B	-0.98%
FULT	D	-0.92%
NIC	C	-0.91%
HOMB	C	-0.9%
WU	F	-0.89%
QCRH	C	-0.88%
SAFT	C	-0.86%
GBCI	C	-0.86%
WSBC	C	-0.84%
AGM	D	-0.83%
BLX	C	-0.82%
GABC	C	-0.8%
LKFN	C	-0.79%
SFNC	B	-0.79%
SRCE	C	-0.75%
EQC	B	-0.74%
PEBO	C	-0.74%
EVTC	D	-0.7%
SBSI	C	-0.69%
AMSF	C	-0.67%
OBK	D	-0.66%
FBMS	B	-0.65%
BRKL	C	-0.63%
CTBI	B	-0.62%
PAX	F	-0.61%
UVSP	B	-0.59%
BFC	B	-0.59%
BHRB	C	-0.59%
FMBH	B	-0.59%
TMP	C	-0.54%
HFWA	C	-0.54%
CFFN	D	-0.53%
NFG	A	-0.52%
FCBC	B	-0.48%
TRIN	D	-0.45%
TRST	C	-0.44%
CAC	C	-0.39%
FMNB	C	-0.39%
MCBS	B	-0.39%
GSBC	D	-0.37%
CCNE	C	-0.36%
HONE	C	-0.36%
HTBI	B	-0.36%
AROW	C	-0.35%
NFBK	C	-0.33%
BHB	B	-0.33%
CCBG	B	-0.32%
MPB	B	-0.31%
ESQ	A	-0.31%
DHIL	C	-0.31%
FLO	C	-0.31%
EBF	B	-0.3%
SMBK	A	-0.3%
ALRS	C	-0.29%
BSRR	C	-0.28%
SPFI	C	-0.28%
GLRE	B	-0.27%
KRNY	D	-0.27%
HIFS	C	-0.27%
IDA	B	-0.26%
ORRF	B	-0.26%
FMAO	B	-0.25%
ACNB	C	-0.25%
NWE	A	-0.25%
ARTNA	C	-0.24%
PNM	B	-0.24%
FSBC	B	-0.24%
FBIZ	C	-0.24%
PECO	B	-0.23%
MGEE	A	-0.22%
CPK	A	-0.22%
PFIS	C	-0.22%
SLGN	B	-0.21%
SBR	F	-0.21%
CZNC	C	-0.21%
FSBW	B	-0.21%
SR	A	-0.21%
BWB	B	-0.21%
EBTC	B	-0.21%
HBCP	B	-0.21%
NWN	B	-0.2%
GNTY	B	-0.2%
WTBA	C	-0.2%
DEA	B	-0.19%
NPK	C	-0.19%
OKLO	F	-0.19%
GTY	A	-0.19%
FLIC	C	-0.19%
TRC	C	-0.18%
PSTL	B	-0.18%
WSBF	B	-0.18%
FNLC	C	-0.18%
VLGEA	A	-0.18%
SXT	D	-0.17%
FRST	D	-0.17%
JJSF	D	-0.16%
ICFI	B	-0.16%
CTO	C	-0.16%
CBNK	B	-0.16%
TRS	D	-0.15%
PBH	B	-0.15%
CSR	C	-0.15%
LXP	B	-0.15%
GPOR	C	-0.15%
CMPO	B	-0.15%
HTLD	D	-0.15%
UTMD	F	-0.14%
HSTM	C	-0.14%
UNF	B	-0.14%
FELE	D	-0.14%
NTST	C	-0.14%
WERN	D	-0.14%
FCPT	A	-0.14%
EXPO	B	-0.14%
LTC	B	-0.14%
SNDR	B	-0.13%
PKE	C	-0.13%
GATX	C	-0.13%
PLXS	B	-0.13%
COLM	B	-0.13%
GENC	D	-0.13%
KREF	B	-0.13%
GOOD	A	-0.13%
UHT	B	-0.13%
ARKO	D	-0.13%
CBZ	F	-0.12%
HNI	C	-0.12%
VMI	D	-0.12%
MRTN	D	-0.12%
AFCG	C	-0.12%
GEF	D	-0.12%
SCL	D	-0.12%
BCAL	D	-0.12%
ACA	C	-0.12%
MLR	D	-0.11%
DORM	B	-0.11%
ASH	D	-0.11%
HCKT	C	-0.11%
ICUI	B	-0.11%
ROAD	A	-0.11%
ESE	C	-0.11%
NOMD	B	-0.11%
IRT	A	-0.11%
MWA	C	-0.11%
KW	C	-0.11%
FSS	D	-0.11%
OSIS	C	-0.11%
GRC	D	-0.11%
JBSS	F	-0.11%
PAHC	B	-0.1%
CCOI	C	-0.1%
AHH	B	-0.1%
WEN	C	-0.1%
GMRE	C	-0.1%
JBGS	B	-0.1%
GHC	C	-0.1%
CASS	C	-0.1%
WDFC	C	-0.1%
DEI	A	-0.1%
MSGS	B	-0.1%
SRCL	A	-0.1%
LNN	C	-0.1%
RGP	D	-0.1%
BFS	B	-0.1%
PSMT	B	-0.09%
LILAK	C	-0.09%
RLGT	C	-0.09%
WINA	D	-0.09%
ALG	D	-0.09%
CHCT	F	-0.09%
RDWR	C	-0.09%
PLOW	C	-0.09%
RNGR	C	-0.09%
DNB	C	-0.09%
BLKB	B	-0.09%
PCH	C	-0.09%
TRNS	C	-0.09%
INSM	D	-0.09%
RUSHA	C	-0.09%
ITGR	B	-0.08%
MRCY	C	-0.08%
GLDD	C	-0.08%
APLE	D	-0.08%
NCNO	F	-0.08%
ABM	D	-0.08%
MTX	F	-0.08%
IOSP	D	-0.08%
FPI	D	-0.08%
MGIC	C	-0.08%
KAI	C	-0.08%
SXI	D	-0.08%
PRIM	C	-0.08%
SQSP	A	-0.08%
VAL	F	-0.08%
BBSI	B	-0.08%
LZB	C	-0.08%
AVT	D	-0.08%
KFRC	F	-0.08%
CRC	C	-0.08%
ATNI	C	-0.08%
OMCL	C	-0.08%
PBT	D	-0.08%
MLAB	C	-0.07%
ITRN	C	-0.07%
FUL	D	-0.07%
CENT	D	-0.07%
AMSWA	C	-0.07%
ENV	C	-0.07%
TTMI	D	-0.07%
SFL	D	-0.07%
SPOK	C	-0.07%
SHOO	B	-0.07%
LAUR	C	-0.07%
CNNE	D	-0.07%
PRGO	C	-0.07%
CACC	F	-0.07%
CRI	C	-0.07%
BOX	A	-0.07%
FORR	D	-0.07%
WEYS	B	-0.07%
SATS	B	-0.07%
RGR	F	-0.07%
FSTR	D	-0.06%
VPG	F	-0.06%
AMED	D	-0.06%
NVEC	F	-0.06%
CABO	F	-0.06%
DK	F	-0.06%
JOUT	D	-0.06%
IBEX	B	-0.06%
MEI	F	-0.06%
ATEX	C	-0.06%
STRA	D	-0.06%
SEM	D	-0.06%
JBT	D	-0.06%
GPRK	F	-0.06%
CSV	C	-0.06%
OFIX	C	-0.06%
AIN	F	-0.06%
VIAV	D	-0.06%
HUN	D	-0.06%
GPI	B	-0.06%
CVCO	B	-0.06%
CNXC	D	-0.06%
MMSI	A	-0.06%
NARI	F	-0.05%
WK	D	-0.05%
SCHL	D	-0.05%
XNCR	C	-0.05%
BOWL	D	-0.05%
NATR	F	-0.05%
BL	D	-0.05%
PZZA	D	-0.05%
SHEN	F	-0.05%
POWI	F	-0.05%
SRDX	D	-0.05%
AEIS	D	-0.05%
LIVN	D	-0.05%
GKOS	D	-0.05%
ECVT	F	-0.05%
CNMD	D	-0.05%
IRDM	D	-0.05%
ZD	D	-0.05%
PDCO	D	-0.05%
ARCH	D	-0.05%
CMCO	F	-0.05%
AGIO	D	-0.05%
CEVA	C	-0.05%
SPB	B	-0.05%
KIDS	C	-0.05%
IRMD	B	-0.05%
MATW	F	-0.05%
MNRO	D	-0.05%
ARCO	F	-0.04%
ZIP	D	-0.04%
IPGP	F	-0.04%
IART	F	-0.04%
PTCT	C	-0.04%
IMTX	C	-0.04%
LEG	D	-0.04%
USPH	F	-0.04%
NRC	F	-0.04%
OXM	D	-0.04%
RARE	B	-0.04%
TTGT	F	-0.04%
VECO	F	-0.04%
MYRG	F	-0.04%
NEOG	D	-0.04%
THRM	D	-0.04%
MTRN	F	-0.04%
USNA	F	-0.04%
ANIK	D	-0.04%
OGN	C	-0.04%
AAP	F	-0.03%
CBRL	F	-0.03%
HELE	D	-0.03%
IRWD	F	-0.03%
TBPH	D	-0.03%
VREX	F	-0.03%
HLF	F	-0.03%
HI	F	-0.03%
ATRC	D	-0.03%
ACAD	F	-0.02%
AZTA	D	-0.02%