AFSM vs. VFMF ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Vanguard U.S. Multifactor ETF (VFMF)

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

$32.20

Average Daily Volume

15,699

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

VFMF

Vanguard U.S. Multifactor ETF

VFMF Description

The investment seeks to provide long-term capital appreciation by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$137.90

Average Daily Volume

9,517

Number of Holdings ^*

470

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	VFMF
30 Days	5.15%	4.74%
60 Days	4.94%	6.50%
90 Days	5.47%	6.64%
12 Months	31.74%	32.18%

145 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in VFMF	Overlap
ACT	C	0.49%	0.29%	0.29%
ADMA	B	0.28%	0.05%	0.05%
AGX	B	0.25%	0.12%	0.12%
AIT	B	0.14%	0.17%	0.14%
ALKS	C	0.93%	0.17%	0.17%
AMKR	D	0.21%	0.2%	0.2%
AMR	C	0.39%	0.11%	0.11%
AMWD	C	0.52%	0.2%	0.2%
ANDE	D	0.04%	0.34%	0.04%
APOG	C	0.37%	0.09%	0.09%
ASC	F	0.19%	0.2%	0.19%
ASO	F	0.28%	0.24%	0.24%
ATEN	A	0.05%	0.03%	0.03%
ATGE	B	0.32%	0.19%	0.19%
ATKR	D	0.33%	0.02%	0.02%
AYI	B	0.14%	0.26%	0.14%
AZZ	A	0.27%	0.1%	0.1%
BCC	B	0.72%	0.52%	0.52%
BELFB	C	0.53%	0.18%	0.18%
BKE	B	0.28%	0.05%	0.05%
BKU	A	0.26%	0.04%	0.04%
BTU	B	0.55%	0.05%	0.05%
CAL	F	0.36%	0.2%	0.2%
CALM	A	0.72%	0.28%	0.28%
CASH	B	0.35%	0.3%	0.3%
CCRN	F	0.26%	0.03%	0.03%
CEIX	A	0.67%	0.11%	0.11%
CHCO	B	0.54%	0.15%	0.15%
CHRD	D	0.11%	0.15%	0.11%
CLW	F	0.12%	0.05%	0.05%
CMC	B	0.33%	0.14%	0.14%
CNXN	C	0.35%	0.14%	0.14%
COKE	C	0.51%	0.18%	0.18%
COLL	F	0.04%	0.46%	0.04%
COOP	B	0.63%	0.17%	0.17%
CPRX	C	0.93%	0.12%	0.12%
CRAI	C	0.36%	0.04%	0.04%
CRS	B	0.87%	0.05%	0.05%
CRVL	B	0.62%	0.09%	0.09%
CTS	C	0.06%	0.04%	0.04%
CVLT	B	0.74%	0.14%	0.14%
DAKT	C	0.86%	0.14%	0.14%
DDS	B	0.44%	0.03%	0.03%
DHT	F	0.19%	0.15%	0.15%
DNOW	B	0.29%	0.12%	0.12%
DOLE	D	0.53%	0.07%	0.07%
EIG	B	0.13%	0.34%	0.13%
EME	A	0.79%	0.22%	0.22%
ENS	F	0.2%	0.14%	0.14%
EPAC	C	0.0%	0.03%	0.0%
ETD	C	0.04%	0.14%	0.04%
FBP	C	0.33%	0.5%	0.33%
FDP	B	0.61%	0.08%	0.08%
FIX	A	0.79%	0.16%	0.16%
GEO	B	0.51%	0.04%	0.04%
GFF	A	0.1%	0.29%	0.1%
GIII	D	0.25%	0.3%	0.25%
GMS	B	0.6%	0.2%	0.2%
GNK	D	0.25%	0.16%	0.16%
GOGL	F	0.18%	0.06%	0.06%
GRBK	D	0.3%	0.1%	0.1%
GRND	A	0.06%	0.09%	0.06%
HALO	F	0.7%	0.11%	0.11%
HCC	B	0.27%	0.13%	0.13%
HIMS	B	0.51%	0.07%	0.07%
HOV	D	0.17%	0.04%	0.04%
HRB	D	0.44%	0.45%	0.44%
HSII	B	0.64%	0.04%	0.04%
HWKN	B	0.61%	0.19%	0.19%
IBOC	B	0.31%	0.34%	0.31%
IDCC	B	1.17%	0.07%	0.07%
IESC	C	0.41%	0.18%	0.18%
IMKTA	C	0.22%	0.18%	0.18%
INSW	F	0.2%	0.12%	0.12%
JWN	D	0.06%	0.07%	0.06%
JXN	C	0.78%	0.1%	0.1%
KBH	D	0.52%	0.16%	0.16%
KELYA	F	0.16%	0.36%	0.16%
KTB	B	0.08%	0.15%	0.08%
LBRT	D	0.03%	0.05%	0.03%
LNTH	D	0.43%	0.14%	0.14%
LOPE	C	0.36%	0.06%	0.06%
LPG	F	0.32%	0.11%	0.11%
LRN	A	0.36%	0.1%	0.1%
M	F	0.37%	0.22%	0.22%
MATX	C	0.37%	0.11%	0.11%
MCY	A	0.65%	0.14%	0.14%
MD	C	0.36%	0.05%	0.05%
MEDP	D	0.27%	0.15%	0.15%
MHO	D	0.78%	0.25%	0.25%
MLI	B	1.38%	0.71%	0.71%
MLKN	F	0.08%	0.23%	0.08%
MOG.A	B	0.34%	0.09%	0.09%
MOV	D	0.13%	0.03%	0.03%
MTG	C	0.73%	0.71%	0.71%
MTH	D	0.34%	0.07%	0.07%
MUSA	B	0.51%	0.14%	0.14%
NAVI	F	0.18%	0.09%	0.09%
NHC	C	1.2%	0.06%	0.06%
NMIH	C	0.56%	0.31%	0.31%
NSIT	F	0.05%	0.24%	0.05%
NSSC	D	0.19%	0.04%	0.04%
NTB	B	0.58%	0.3%	0.3%
NX	C	0.21%	0.05%	0.05%
OFG	B	0.54%	0.64%	0.54%
OMI	F	0.06%	0.16%	0.06%
PFBC	B	0.87%	0.25%	0.25%
PHIN	A	0.28%	0.24%	0.24%
PINC	B	0.46%	0.18%	0.18%
PLAB	C	0.43%	0.17%	0.17%
PLUS	F	0.59%	0.18%	0.18%
PRDO	B	0.47%	0.34%	0.34%
PRK	B	0.58%	0.05%	0.05%
RDN	D	0.7%	0.21%	0.21%
REVG	C	0.05%	0.18%	0.05%
SANM	B	0.67%	0.1%	0.1%
SCS	C	0.31%	0.32%	0.31%
SCSC	C	0.15%	0.15%	0.15%
SCVL	F	0.15%	0.05%	0.05%
SD	D	0.16%	0.08%	0.08%
SFM	A	1.0%	0.16%	0.16%
SIG	B	0.37%	0.3%	0.3%
SIGA	F	0.21%	0.21%	0.21%
SKYW	C	1.22%	0.17%	0.17%
SLVM	B	0.65%	0.15%	0.15%
STBA	B	0.53%	0.16%	0.16%
STNG	F	0.15%	0.18%	0.15%
STRL	A	0.84%	0.07%	0.07%
SUPN	C	0.56%	0.05%	0.05%
SXC	A	0.27%	0.16%	0.16%
TBBK	B	0.7%	0.16%	0.16%
TEX	F	0.47%	0.18%	0.18%
TILE	B	0.37%	0.18%	0.18%
TMHC	C	0.7%	0.18%	0.18%
TNC	D	0.18%	0.04%	0.04%
TPC	C	0.18%	0.26%	0.18%
TPH	D	0.07%	0.13%	0.07%
UFPT	C	0.6%	0.05%	0.05%
VCTR	B	0.21%	0.18%	0.18%
VIRT	A	0.28%	0.23%	0.23%
WABC	B	0.21%	0.14%	0.14%
WFRD	D	0.42%	0.22%	0.22%
WGO	C	0.07%	0.04%	0.04%
WNC	C	0.38%	0.03%	0.03%
YOU	D	0.37%	0.05%	0.05%

AFSM Overweight 150 Positions Relative to VFMF

Symbol	Grade	Weight
ANF	F	0.82%
ZETA	D	0.81%
UVE	B	0.7%
POWL	C	0.7%
SLG	B	0.65%
AROC	A	0.64%
BMI	B	0.63%
GMED	A	0.61%
REZI	A	0.6%
EGBN	B	0.57%
NHI	D	0.57%
CORT	B	0.57%
TGNA	B	0.55%
BXC	B	0.54%
CVNA	B	0.53%
BRBR	A	0.52%
PI	D	0.5%
APPF	B	0.49%
WT	A	0.49%
DFIN	D	0.46%
CSWI	B	0.46%
USLM	A	0.43%
RMR	F	0.42%
LGND	C	0.41%
YMAB	F	0.41%
EVER	D	0.41%
QTWO	A	0.4%
ADUS	D	0.4%
BDC	C	0.39%
PRGS	A	0.38%
INMD	C	0.38%
VRNT	C	0.38%
RDNT	B	0.37%
ANIP	F	0.37%
BPMC	B	0.36%
HRMY	D	0.36%
BLBD	D	0.36%
IIPR	D	0.36%
HIW	C	0.35%
ESNT	F	0.34%
PDM	D	0.34%
TRMK	C	0.34%
PBF	D	0.32%
PFS	B	0.32%
CUZ	B	0.31%
SPNS	F	0.3%
TWI	F	0.3%
DXC	B	0.3%
CNK	C	0.3%
RXST	F	0.3%
BHE	C	0.29%
AKR	B	0.29%
CRDO	B	0.29%
HURN	C	0.29%
SBRA	C	0.29%
TCMD	B	0.29%
ODP	F	0.29%
HUBG	A	0.28%
THFF	B	0.28%
AVNS	F	0.27%
ITCI	C	0.27%
BNL	D	0.27%
PSN	D	0.27%
ABG	C	0.26%
INTA	B	0.26%
PRG	C	0.26%
VRNS	D	0.26%
HCI	C	0.26%
BKH	A	0.26%
PIPR	A	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
VNDA	C	0.23%
MED	D	0.23%
NTCT	C	0.23%
LMAT	A	0.23%
HLX	B	0.22%
HDSN	F	0.22%
SMP	C	0.22%
TMDX	F	0.21%
EXTR	C	0.21%
SBH	C	0.21%
PK	C	0.2%
BLFS	C	0.2%
KRC	B	0.2%
CMPR	D	0.2%
NUS	D	0.2%
SGBX	F	0.19%
ONTO	F	0.19%
ASGN	F	0.19%
TARS	C	0.19%
UCTT	D	0.18%
TGTX	B	0.17%
NVST	B	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
BRC	D	0.16%
XRX	F	0.16%
HY	D	0.16%
HROW	D	0.16%
VSH	F	0.16%
GES	F	0.15%
NECB	C	0.14%
METC	C	0.14%
ALRM	C	0.14%
MRVI	F	0.14%
TWST	F	0.13%
CWCO	C	0.13%
PCRX	C	0.13%
CSGS	B	0.13%
CECO	B	0.12%
ALKT	B	0.12%
OSCR	D	0.11%
YEXT	B	0.11%
INVA	D	0.11%
CGEM	F	0.11%
RAMP	B	0.1%
AMCX	C	0.1%
ASTH	F	0.1%
SPSC	D	0.09%
MAX	F	0.09%
KRYS	C	0.08%
ATLO	C	0.07%
PEBK	B	0.07%
CTRE	C	0.07%
FTDR	B	0.06%
APAM	B	0.06%
KSS	F	0.06%
SWX	B	0.05%
OGS	A	0.05%
AMPH	F	0.05%
HE	C	0.04%
AMN	F	0.04%
TDC	D	0.04%
SEMR	C	0.04%
PHR	F	0.04%
FORM	D	0.04%
EOLS	D	0.04%
OTTR	C	0.04%
PGNY	F	0.03%
JBI	F	0.03%
VITL	D	0.03%
RYI	C	0.03%
SWI	C	0.03%
EMBC	C	0.03%
ACLS	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%

AFSM Underweight 325 Positions Relative to VFMF

Symbol	Grade	Weight
WFC	A	-1.25%
AFL	B	-1.08%
AIG	B	-1.02%
BK	A	-0.98%
ABBV	F	-0.93%
GOOG	C	-0.9%
MMM	D	-0.9%
VLO	C	-0.85%
MPC	D	-0.83%
QCOM	F	-0.82%
HCA	F	-0.82%
AXP	A	-0.82%
META	D	-0.82%
PM	B	-0.81%
MO	A	-0.78%
AMAT	F	-0.78%
WMT	A	-0.78%
T	A	-0.77%
TMUS	B	-0.75%
APO	B	-0.74%
KR	B	-0.73%
PHM	D	-0.72%
JPM	A	-0.72%
MCK	A	-0.71%
SYF	B	-0.71%
HIG	B	-0.7%
BPOP	C	-0.67%
TGT	F	-0.65%
LMT	D	-0.64%
NVDA	B	-0.63%
IBM	C	-0.61%
FANG	C	-0.6%
EWBC	A	-0.59%
KMB	C	-0.59%
CFG	B	-0.57%
FDX	B	-0.54%
CAH	B	-0.53%
COST	A	-0.52%
BKNG	A	-0.52%
VZ	C	-0.52%
KLAC	F	-0.52%
EOG	A	-0.51%
FI	A	-0.51%
CI	D	-0.5%
GOOGL	C	-0.5%
ANET	C	-0.5%
CAT	B	-0.48%
XOM	B	-0.47%
OMF	A	-0.46%
MRK	D	-0.46%
CL	D	-0.46%
ORI	A	-0.45%
GM	C	-0.44%
TT	A	-0.44%
OC	A	-0.44%
GILD	C	-0.43%
AZO	C	-0.43%
TJX	A	-0.42%
SLM	A	-0.41%
CNO	B	-0.4%
PVH	C	-0.39%
FITB	B	-0.39%
AMAL	B	-0.39%
JNJ	C	-0.38%
UTHR	C	-0.37%
UFPI	C	-0.37%
RTX	D	-0.36%
NWS	A	-0.36%
INGR	C	-0.35%
CBSH	B	-0.34%
CBOE	C	-0.34%
WRB	A	-0.33%
CVX	A	-0.33%
AMG	B	-0.32%
CPF	B	-0.31%
ALSN	B	-0.3%
PRI	B	-0.28%
WSM	C	-0.28%
SRCE	B	-0.28%
UNM	A	-0.28%
TK	D	-0.27%
PSX	C	-0.27%
FCX	F	-0.26%
DHI	F	-0.26%
EAT	A	-0.26%
SKX	D	-0.26%
FCF	B	-0.25%
TOL	B	-0.25%
WSFS	B	-0.24%
JBL	C	-0.24%
CPAY	A	-0.23%
STT	B	-0.23%
DELL	B	-0.23%
FNF	B	-0.23%
WTTR	A	-0.23%
MHK	D	-0.22%
MBIN	F	-0.22%
COP	C	-0.22%
GNW	A	-0.21%
LPX	B	-0.21%
THO	B	-0.21%
THC	D	-0.2%
EQH	C	-0.2%
CVCO	A	-0.2%
AX	B	-0.2%
SPOT	B	-0.2%
PPC	C	-0.2%
PGR	A	-0.2%
CROX	D	-0.2%
JEF	A	-0.19%
AMRX	C	-0.19%
AHCO	F	-0.19%
RL	C	-0.19%
HPQ	B	-0.19%
BLD	D	-0.19%
PKG	A	-0.19%
BOKF	B	-0.19%
CRM	B	-0.19%
LEN	D	-0.19%
NVR	D	-0.18%
STLD	B	-0.18%
PATK	C	-0.18%
CNOB	B	-0.18%
BLX	B	-0.18%
HP	C	-0.18%
DLX	B	-0.17%
CTRA	B	-0.17%
AEO	F	-0.17%
URI	C	-0.17%
MRC	B	-0.17%
AMP	A	-0.17%
NTAP	C	-0.17%
COR	B	-0.17%
AGO	B	-0.17%
WMK	C	-0.16%
BV	C	-0.16%
R	B	-0.16%
DECK	A	-0.16%
CF	A	-0.16%
IDT	B	-0.16%
CR	A	-0.16%
BG	D	-0.16%
KD	B	-0.16%
DVA	C	-0.16%
BAC	A	-0.16%
PR	B	-0.16%
ASB	B	-0.16%
KEX	B	-0.16%
ESAB	C	-0.15%
CRBG	B	-0.15%
PFGC	B	-0.15%
RMD	C	-0.15%
CRC	A	-0.15%
PYPL	B	-0.15%
SNA	A	-0.15%
TNL	A	-0.15%
DKS	D	-0.15%
LDOS	C	-0.15%
FTI	A	-0.14%
NR	B	-0.14%
AN	C	-0.14%
ABCB	B	-0.14%
TNK	F	-0.14%
TPR	B	-0.14%
BBW	C	-0.14%
PUMP	C	-0.14%
HAFC	B	-0.13%
PCAR	B	-0.13%
SPOK	B	-0.13%
NUE	C	-0.13%
MUR	D	-0.13%
VNT	C	-0.13%
HBI	B	-0.13%
EXPE	B	-0.13%
SM	B	-0.13%
NMRK	C	-0.13%
RCL	A	-0.12%
PTGX	D	-0.12%
KNTK	A	-0.12%
ROCK	C	-0.12%
BHLB	B	-0.12%
WCC	B	-0.12%
ZEUS	C	-0.12%
FIBK	B	-0.12%
PSTG	D	-0.12%
CBU	B	-0.12%
SSD	F	-0.12%
HWC	B	-0.12%
CTSH	B	-0.12%
UA	C	-0.12%
CYH	F	-0.12%
OGN	F	-0.12%
IMMR	C	-0.12%
URBN	C	-0.12%
BLDR	D	-0.12%
SPTN	D	-0.11%
PH	A	-0.11%
SCHL	F	-0.11%
EXP	B	-0.11%
SBSI	C	-0.11%
REX	D	-0.11%
CNX	A	-0.11%
RS	B	-0.11%
ITRI	C	-0.1%
GPC	D	-0.1%
DOX	D	-0.1%
MPWR	F	-0.1%
QCRH	B	-0.1%
UHS	D	-0.1%
WHD	B	-0.1%
FLWS	D	-0.1%
VERX	A	-0.1%
LYB	F	-0.1%
CDNA	D	-0.1%
ARW	D	-0.09%
OXM	F	-0.09%
SWKS	F	-0.09%
GPOR	B	-0.09%
WLY	B	-0.09%
DXPE	C	-0.09%
JELD	F	-0.09%
INDB	B	-0.09%
PSMT	D	-0.08%
SFNC	C	-0.08%
MTDR	B	-0.08%
GAP	C	-0.08%
ARCB	C	-0.08%
HSTM	B	-0.08%
ACCO	C	-0.08%
UPBD	B	-0.08%
CACI	D	-0.07%
WMS	F	-0.07%
OVV	B	-0.07%
USAP	B	-0.07%
CNA	C	-0.07%
DESP	B	-0.07%
EBAY	D	-0.07%
MTUS	C	-0.07%
ZIMV	D	-0.07%
CTAS	B	-0.07%
PLPC	B	-0.07%
EPC	F	-0.07%
BBSI	B	-0.07%
HVT	D	-0.07%
CG	B	-0.07%
LEN	D	-0.07%
NTGR	B	-0.07%
VFC	C	-0.07%
CNM	D	-0.07%
RES	D	-0.07%
LZB	B	-0.07%
CSL	C	-0.07%
FN	C	-0.06%
UTI	B	-0.06%
C	A	-0.06%
CENTA	C	-0.06%
FLO	D	-0.06%
JILL	C	-0.06%
WU	F	-0.06%
CIVI	D	-0.06%
FRME	B	-0.06%
CATY	B	-0.06%
CRUS	D	-0.06%
BWA	D	-0.06%
HNI	B	-0.06%
AMZN	C	-0.06%
PFG	D	-0.06%
NAT	F	-0.06%
AGM	B	-0.06%
RNR	C	-0.06%
OSUR	F	-0.05%
TCBI	C	-0.05%
GRNT	B	-0.05%
NOG	B	-0.05%
BBY	D	-0.05%
SN	D	-0.05%
BJ	A	-0.05%
MET	A	-0.05%
DASH	B	-0.05%
CASY	A	-0.05%
ZUMZ	B	-0.05%
CBT	D	-0.05%
LQDT	B	-0.05%
OSBC	A	-0.05%
LYTS	B	-0.05%
SMLR	B	-0.04%
HEES	C	-0.04%
GOLF	B	-0.04%
STGW	A	-0.04%
SXI	B	-0.04%
KFRC	D	-0.04%
MCRI	A	-0.04%
MBUU	B	-0.04%
MGY	A	-0.04%
NXST	C	-0.04%
SHOO	F	-0.04%
VTRS	A	-0.04%
WEX	D	-0.04%
PRMW	C	-0.04%
EFSC	B	-0.04%
HPE	B	-0.04%
GPI	B	-0.03%
GPK	C	-0.03%
UVSP	B	-0.03%
BSIG	A	-0.03%
BYD	B	-0.03%
STRA	C	-0.03%
PRLB	B	-0.03%
KMT	B	-0.03%
BERY	C	-0.03%
RRC	B	-0.03%
HFWA	C	-0.03%
BRY	F	-0.03%
TPL	A	-0.03%
TCBK	C	-0.03%
INGN	C	-0.02%
VRA	C	-0.02%
RGP	F	-0.02%
BUSE	B	-0.02%
MAN	F	-0.02%
PEBO	B	-0.02%
FFIV	B	-0.02%
SB	F	-0.02%
ADTN	A	-0.02%
MBWM	B	-0.02%