AFSM vs. USVM ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM)

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

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers within the MSCI USA Small Cap Index (the parent index) that have higher exposure to value and momentum factors while also maintaining moderate index turnover and lower realized volatility than traditional capitalization weighted indexes.

Grade (RS Rating)

Last Trade

$89.79

Average Daily Volume

6,987

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	USVM
30 Days	5.15%	5.63%
60 Days	4.94%	6.57%
90 Days	5.47%	7.46%
12 Months	31.74%	37.15%

117 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in USVM	Overlap
ABG	C	0.26%	0.33%	0.26%
ACIW	B	0.02%	0.45%	0.02%
ADMA	B	0.28%	0.22%	0.22%
ADUS	D	0.4%	0.35%	0.35%
AKR	B	0.29%	0.53%	0.29%
ALKT	B	0.12%	0.33%	0.12%
AMKR	D	0.21%	0.17%	0.17%
AMR	C	0.39%	0.19%	0.19%
AMWD	C	0.52%	0.33%	0.33%
ANDE	D	0.04%	0.32%	0.04%
ANF	F	0.82%	0.18%	0.18%
AROC	A	0.64%	0.38%	0.38%
ATGE	B	0.32%	0.31%	0.31%
AZZ	A	0.27%	0.31%	0.27%
BCC	B	0.72%	0.29%	0.29%
BHE	C	0.29%	0.28%	0.28%
BTU	B	0.55%	0.39%	0.39%
CAL	F	0.36%	0.23%	0.23%
CALM	A	0.72%	0.52%	0.52%
CHRD	D	0.11%	0.39%	0.11%
CMC	B	0.33%	0.44%	0.33%
CNK	C	0.3%	0.37%	0.3%
COKE	C	0.51%	0.29%	0.29%
COLL	F	0.04%	0.2%	0.04%
COOP	B	0.63%	0.43%	0.43%
CORT	B	0.57%	0.3%	0.3%
CRS	B	0.87%	0.32%	0.32%
CSWI	B	0.46%	0.49%	0.46%
CTRE	C	0.07%	0.6%	0.07%
CUZ	B	0.31%	0.41%	0.31%
CVLT	B	0.74%	0.32%	0.32%
DDS	B	0.44%	0.31%	0.31%
DXC	B	0.3%	0.27%	0.27%
ESNT	F	0.34%	0.45%	0.34%
FIX	A	0.79%	0.31%	0.31%
FORM	D	0.04%	0.17%	0.04%
GEO	B	0.51%	0.46%	0.46%
GES	F	0.15%	0.21%	0.15%
GIII	D	0.25%	0.32%	0.25%
GMS	B	0.6%	0.42%	0.42%
GRBK	D	0.3%	0.27%	0.27%
HALO	F	0.7%	0.29%	0.29%
HCC	B	0.27%	0.25%	0.25%
HE	C	0.04%	0.13%	0.04%
HIMS	B	0.51%	0.25%	0.25%
HIW	C	0.35%	0.33%	0.33%
HOV	D	0.17%	0.13%	0.13%
HRB	D	0.44%	0.34%	0.34%
IESC	C	0.41%	0.27%	0.27%
IIPR	D	0.36%	0.31%	0.31%
INSW	F	0.2%	0.3%	0.2%
INVA	D	0.11%	0.56%	0.11%
JXN	C	0.78%	0.35%	0.35%
KBH	D	0.52%	0.28%	0.28%
KRC	B	0.2%	0.33%	0.2%
KSS	F	0.06%	0.19%	0.06%
LGND	C	0.41%	0.28%	0.28%
LMAT	A	0.23%	0.35%	0.23%
LPG	F	0.32%	0.19%	0.19%
LRN	A	0.36%	0.46%	0.36%
M	F	0.37%	0.23%	0.23%
MATX	C	0.37%	0.45%	0.37%
MCY	A	0.65%	0.4%	0.4%
MEDP	D	0.27%	0.27%	0.27%
MHO	D	0.78%	0.25%	0.25%
MLI	B	1.38%	0.47%	0.47%
MOG.A	B	0.34%	0.41%	0.34%
MRVI	F	0.14%	0.08%	0.08%
MTG	C	0.73%	0.46%	0.46%
MTH	D	0.34%	0.25%	0.25%
MUSA	B	0.51%	0.44%	0.44%
NAVI	F	0.18%	0.35%	0.18%
NHI	D	0.57%	0.51%	0.51%
NSIT	F	0.05%	0.26%	0.05%
NTCT	C	0.23%	0.3%	0.23%
ODP	F	0.29%	0.16%	0.16%
OMI	F	0.06%	0.16%	0.06%
ONTO	F	0.19%	0.16%	0.16%
PBF	D	0.32%	0.24%	0.24%
PHIN	A	0.28%	0.34%	0.28%
PI	D	0.5%	0.2%	0.2%
PINC	B	0.46%	0.54%	0.46%
PIPR	A	0.25%	0.46%	0.25%
PK	C	0.2%	0.36%	0.2%
PLAB	C	0.43%	0.19%	0.19%
PLUS	F	0.59%	0.26%	0.26%
POWL	C	0.7%	0.26%	0.26%
PRDO	B	0.47%	0.31%	0.31%
PSN	D	0.27%	0.42%	0.27%
QTWO	A	0.4%	0.37%	0.37%
RDN	D	0.7%	0.41%	0.41%
RDNT	B	0.37%	0.34%	0.34%
REVG	C	0.05%	0.21%	0.05%
REZI	A	0.6%	0.33%	0.33%
SANM	B	0.67%	0.26%	0.26%
SBRA	C	0.29%	0.56%	0.29%
SCS	C	0.31%	0.29%	0.29%
SFM	A	1.0%	0.45%	0.45%
SKYW	C	1.22%	0.45%	0.45%
SLG	B	0.65%	0.3%	0.3%
SLVM	B	0.65%	0.25%	0.25%
STRL	A	0.84%	0.32%	0.32%
SWX	B	0.05%	0.46%	0.05%
TGNA	B	0.55%	0.51%	0.51%
TMHC	C	0.7%	0.34%	0.34%
TPH	D	0.07%	0.31%	0.07%
UCTT	D	0.18%	0.22%	0.18%
UFPT	C	0.6%	0.21%	0.21%
VCTR	B	0.21%	0.42%	0.21%
VIRT	A	0.28%	0.32%	0.28%
VITL	D	0.03%	0.19%	0.03%
VRNS	D	0.26%	0.29%	0.26%
VSH	F	0.16%	0.29%	0.16%
WGO	C	0.07%	0.33%	0.07%
WT	A	0.49%	0.39%	0.39%
XRX	F	0.16%	0.18%	0.16%
ZETA	D	0.81%	0.14%	0.14%

AFSM Overweight 178 Positions Relative to USVM

Symbol	Grade	Weight
NHC	C	1.2%
IDCC	B	1.17%
CPRX	C	0.93%
ALKS	C	0.93%
PFBC	B	0.87%
DAKT	C	0.86%
EME	A	0.79%
UVE	B	0.7%
TBBK	B	0.7%
CEIX	A	0.67%
HSII	B	0.64%
BMI	B	0.63%
CRVL	B	0.62%
HWKN	B	0.61%
FDP	B	0.61%
GMED	A	0.61%
NTB	B	0.58%
PRK	B	0.58%
EGBN	B	0.57%
NMIH	C	0.56%
SUPN	C	0.56%
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%
BRBR	A	0.52%
APPF	B	0.49%
ACT	C	0.49%
TEX	F	0.47%
DFIN	D	0.46%
USLM	A	0.43%
LNTH	D	0.43%
WFRD	D	0.42%
RMR	F	0.42%
YMAB	F	0.41%
EVER	D	0.41%
BDC	C	0.39%
PRGS	A	0.38%
INMD	C	0.38%
WNC	C	0.38%
VRNT	C	0.38%
YOU	D	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%
LOPE	C	0.36%
MD	C	0.36%
HRMY	D	0.36%
BLBD	D	0.36%
CNXN	C	0.35%
CASH	B	0.35%
PDM	D	0.34%
TRMK	C	0.34%
FBP	C	0.33%
ATKR	D	0.33%
PFS	B	0.32%
IBOC	B	0.31%
SPNS	F	0.3%
TWI	F	0.3%
RXST	F	0.3%
CRDO	B	0.29%
DNOW	B	0.29%
HURN	C	0.29%
TCMD	B	0.29%
BKE	B	0.28%
ASO	F	0.28%
HUBG	A	0.28%
THFF	B	0.28%
AVNS	F	0.27%
SXC	A	0.27%
ITCI	C	0.27%
BNL	D	0.27%
INTA	B	0.26%
BKU	A	0.26%
CCRN	F	0.26%
PRG	C	0.26%
HCI	C	0.26%
BKH	A	0.26%
GNK	D	0.25%
AGX	B	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
VNDA	C	0.23%
MED	D	0.23%
HLX	B	0.22%
IMKTA	C	0.22%
HDSN	F	0.22%
SMP	C	0.22%
NX	C	0.21%
TMDX	F	0.21%
EXTR	C	0.21%
SIGA	F	0.21%
WABC	B	0.21%
SBH	C	0.21%
BLFS	C	0.2%
ENS	F	0.2%
CMPR	D	0.2%
NUS	D	0.2%
SGBX	F	0.19%
DHT	F	0.19%
ASGN	F	0.19%
ASC	F	0.19%
NSSC	D	0.19%
TARS	C	0.19%
TPC	C	0.18%
TNC	D	0.18%
GOGL	F	0.18%
TGTX	B	0.17%
NVST	B	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
BRC	D	0.16%
KELYA	F	0.16%
SD	D	0.16%
HY	D	0.16%
HROW	D	0.16%
SCSC	C	0.15%
SCVL	F	0.15%
STNG	F	0.15%
AIT	B	0.14%
NECB	C	0.14%
METC	C	0.14%
ALRM	C	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%
OSCR	D	0.11%
YEXT	B	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%
PEBK	B	0.07%
FTDR	B	0.06%
APAM	B	0.06%
CTS	C	0.06%
GRND	A	0.06%
JWN	D	0.06%
OGS	A	0.05%
AMPH	F	0.05%
ATEN	A	0.05%
AMN	F	0.04%
TDC	D	0.04%
SEMR	C	0.04%
PHR	F	0.04%
ETD	C	0.04%
EOLS	D	0.04%
OTTR	C	0.04%
PGNY	F	0.03%
JBI	F	0.03%
RYI	C	0.03%
SWI	C	0.03%
EMBC	C	0.03%
LBRT	D	0.03%
ACLS	F	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	C	0.0%

AFSM Underweight 161 Positions Relative to USVM

Symbol	Grade	Weight
DTM	A	-0.8%
UNM	A	-0.78%
INGR	C	-0.69%
CACI	D	-0.69%
SF	B	-0.66%
CW	C	-0.66%
KBR	F	-0.62%
CNX	A	-0.59%
GVA	A	-0.59%
ORI	A	-0.59%
EHC	B	-0.58%
TAP	C	-0.56%
NFG	A	-0.56%
JEF	A	-0.56%
AXS	A	-0.54%
POST	C	-0.54%
TXRH	B	-0.53%
EXEL	B	-0.52%
ESAB	C	-0.52%
FFIV	B	-0.51%
AWI	A	-0.51%
PBH	A	-0.5%
ENSG	C	-0.5%
EVR	B	-0.5%
AGO	B	-0.49%
GEF	A	-0.49%
ALSN	B	-0.49%
GHC	B	-0.48%
CNO	B	-0.48%
SNDR	B	-0.48%
CLH	C	-0.47%
GNW	A	-0.46%
R	B	-0.45%
SNX	D	-0.45%
ASB	B	-0.45%
AVT	C	-0.45%
GWRE	A	-0.45%
GPOR	B	-0.44%
H	B	-0.44%
GBX	A	-0.44%
KFY	B	-0.43%
PRIM	A	-0.43%
PLXS	B	-0.43%
ENVA	B	-0.42%
BPOP	C	-0.42%
KEX	B	-0.42%
HNI	B	-0.42%
STC	B	-0.41%
ARW	D	-0.41%
CXW	C	-0.41%
SEB	F	-0.41%
RUSHA	C	-0.4%
PR	B	-0.4%
ROAD	B	-0.4%
ITGR	B	-0.4%
DVA	C	-0.4%
VSTO	A	-0.4%
OVV	B	-0.39%
WKC	C	-0.39%
RL	C	-0.39%
MDU	D	-0.39%
BCO	F	-0.38%
GPI	B	-0.38%
FSS	B	-0.38%
MTSI	B	-0.37%
BIO	C	-0.37%
ESRT	C	-0.37%
UHS	D	-0.36%
PATK	C	-0.36%
DY	D	-0.36%
SPB	C	-0.36%
AL	B	-0.36%
ENOV	C	-0.36%
BHF	C	-0.36%
WTTR	A	-0.36%
UVV	B	-0.36%
TTMI	C	-0.36%
FYBR	C	-0.35%
IVZ	B	-0.35%
JLL	D	-0.35%
NTRA	A	-0.35%
LNC	C	-0.34%
MOS	F	-0.33%
LPX	B	-0.33%
DEI	B	-0.33%
SEM	B	-0.32%
NXST	C	-0.32%
UGI	C	-0.32%
JBGS	F	-0.32%
UAA	C	-0.32%
NMRK	C	-0.32%
CWEN	C	-0.32%
PEB	D	-0.32%
ARI	C	-0.32%
AN	C	-0.31%
LZB	B	-0.31%
MAC	B	-0.31%
CRL	D	-0.31%
CIVI	D	-0.3%
SOLV	D	-0.3%
ADTN	A	-0.3%
IAC	F	-0.29%
SAH	C	-0.29%
PRGO	C	-0.29%
NATL	B	-0.28%
PVH	C	-0.28%
SM	B	-0.28%
WING	D	-0.27%
VTLE	C	-0.27%
GT	C	-0.27%
AZTA	D	-0.27%
VERX	A	-0.27%
CUBI	B	-0.27%
VYX	B	-0.26%
AMRX	C	-0.26%
AEO	F	-0.26%
CNM	D	-0.26%
GKOS	B	-0.26%
CLF	F	-0.26%
LEVI	F	-0.25%
COHR	B	-0.25%
MHK	D	-0.24%
BFH	C	-0.24%
BOOT	C	-0.24%
LUMN	C	-0.23%
CRNX	C	-0.23%
CAR	C	-0.23%
CCS	D	-0.23%
BMBL	C	-0.23%
JBLU	F	-0.22%
DKS	D	-0.22%
TDS	B	-0.22%
LBPH	A	-0.22%
MODG	F	-0.21%
MSGE	F	-0.21%
VIR	D	-0.2%
ELAN	D	-0.2%
FTRE	D	-0.2%
MOD	A	-0.2%
BKD	F	-0.2%
USM	B	-0.2%
CRUS	D	-0.19%
CLSK	C	-0.19%
GAP	C	-0.19%
VECO	F	-0.19%
HTZ	C	-0.18%
OGN	F	-0.18%
VSTS	C	-0.17%
SOUN	B	-0.17%
SATS	D	-0.17%
QRVO	F	-0.16%
RNA	C	-0.16%
AHCO	F	-0.15%
JANX	C	-0.15%
DFH	D	-0.15%
MPW	F	-0.14%
INSM	C	-0.13%
NPAB	F	-0.13%
VKTX	F	-0.12%
HUMA	F	-0.12%
DYN	F	-0.1%