AFSM vs. VUSE ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Vident Core US Equity ETF (VUSE)

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

$30.80

Average Daily Volume

7,557

Number of Holdings ^*

294

* may have additional holdings in another (foreign) market

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$56.68

Average Daily Volume

17,608

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	VUSE
30 Days	1.91%	1.06%
60 Days	1.61%	2.08%
90 Days	8.56%	3.74%
12 Months	25.46%	17.65%

22 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in VUSE	Overlap
ACLS	F	0.03%	0.39%	0.03%
AMR	F	0.36%	0.57%	0.36%
APPF	D	0.54%	0.16%	0.16%
AYI	B	0.13%	0.63%	0.13%
BMI	B	0.63%	0.24%	0.24%
CASH	B	0.33%	0.43%	0.33%
CORT	B	0.39%	0.51%	0.39%
CVLT	B	0.71%	0.61%	0.61%
DFIN	B	0.54%	0.51%	0.51%
EME	B	0.66%	0.64%	0.64%
EPAC	B	0.0%	0.55%	0.0%
HCC	F	0.23%	0.23%	0.23%
IDCC	B	0.95%	0.62%	0.62%
IESC	C	0.24%	0.47%	0.24%
JXN	B	0.63%	0.61%	0.61%
MEDP	D	0.28%	0.21%	0.21%
MTG	B	0.85%	0.5%	0.5%
NSSC	F	0.21%	0.29%	0.21%
OTTR	D	0.05%	0.36%	0.05%
PIPR	B	0.22%	0.6%	0.22%
PLAB	F	0.43%	0.48%	0.43%
POWL	C	0.36%	0.55%	0.36%

AFSM Overweight 272 Positions Relative to VUSE

Symbol	Grade	Weight
NHC	D	1.27%
MLI	B	1.13%
ALKS	C	0.97%
SKYW	C	0.93%
CPRX	B	0.89%
ANF	D	0.88%
MHO	B	0.84%
RDN	B	0.83%
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%
NHI	A	0.68%
NMIH	B	0.68%
TBBK	B	0.67%
ZETA	B	0.64%
NTB	C	0.64%
COOP	B	0.63%
HWKN	B	0.63%
CALM	B	0.63%
COKE	C	0.62%
FIX	B	0.62%
PLUS	B	0.61%
ACT	A	0.6%
SANM	D	0.6%
CRVL	B	0.6%
OFG	C	0.6%
GMED	D	0.6%
MUSA	C	0.6%
UFPT	C	0.6%
AROC	C	0.59%
MCY	C	0.59%
SUPN	C	0.59%
STBA	B	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%
HSII	C	0.57%
GMS	C	0.56%
STRL	B	0.56%
PRK	C	0.56%
CEIX	D	0.54%
CHCO	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%
TGNA	C	0.49%
AMWD	C	0.49%
EVER	D	0.49%
IIPR	B	0.49%
BELFB	C	0.49%
BRBR	B	0.48%
BTU	D	0.47%
YOU	B	0.47%
BXC	D	0.47%
WFRD	F	0.47%
BLBD	C	0.46%
VRNT	F	0.46%
EGBN	C	0.46%
PINC	C	0.46%
LPG	F	0.46%
ADUS	B	0.46%
DDS	D	0.45%
PRDO	D	0.45%
HRMY	B	0.44%
ESNT	B	0.44%
YMAB	C	0.43%
SPNS	D	0.42%
CSWI	B	0.41%
RXST	C	0.41%
WNC	F	0.41%
M	F	0.4%
MTH	B	0.4%
CCRN	F	0.39%
ANIP	D	0.39%
LGND	C	0.39%
PBF	F	0.38%
HIW	B	0.38%
CNXN	B	0.38%
INMD	D	0.38%
PRGS	C	0.37%
TMDX	C	0.37%
BPMC	D	0.36%
AVNS	B	0.36%
GRBK	B	0.36%
BDC	B	0.36%
ODP	F	0.36%
PDM	B	0.36%
TWI	D	0.36%
SCS	B	0.35%
HDSN	D	0.35%
ASO	C	0.35%
FBP	C	0.35%
SIG	C	0.34%
ATKR	F	0.34%
BNL	B	0.33%
LOPE	D	0.33%
DXC	C	0.32%
LRN	B	0.32%
CUZ	B	0.32%
CVNA	B	0.32%
MOG.A	B	0.32%
MATX	C	0.32%
CRAI	C	0.32%
QTWO	B	0.32%
ASC	D	0.31%
HIMS	D	0.31%
PRMW	A	0.31%
CNK	B	0.31%
TRMK	C	0.31%
APOG	B	0.31%
VRNS	C	0.3%
CMC	D	0.3%
RDNT	B	0.3%
TILE	B	0.3%
AKR	C	0.3%
IBOC	C	0.3%
BKE	B	0.3%
SBRA	B	0.3%
GEO	F	0.3%
PFS	B	0.3%
HUBG	C	0.29%
GIII	C	0.29%
BKH	B	0.29%
PRG	B	0.28%
PHIN	B	0.28%
TCMD	C	0.28%
ATGE	D	0.28%
VIRT	B	0.28%
THFF	B	0.28%
GNK	D	0.27%
INSW	D	0.27%
PSN	B	0.27%
DNOW	D	0.27%
USLM	B	0.27%
HURN	C	0.27%
MD	C	0.27%
MRVI	C	0.26%
MED	F	0.26%
BHE	C	0.26%
AZZ	C	0.26%
BKU	C	0.26%
SIGA	D	0.25%
ADMA	B	0.25%
VNDA	D	0.25%
ITCI	D	0.25%
IMKTA	D	0.25%
AMKR	F	0.25%
HCI	C	0.25%
SMP	C	0.24%
CMPR	F	0.24%
ABG	F	0.24%
ONTO	F	0.23%
KN	D	0.23%
NUS	F	0.23%
NTCT	D	0.23%
PRM	B	0.23%
KELYA	D	0.23%
STNG	D	0.22%
DHT	C	0.22%
INTA	B	0.22%
HLX	D	0.22%
ENS	C	0.22%
SBH	B	0.22%
LMAT	B	0.22%
AXSM	C	0.21%
WABC	D	0.21%
NAVI	C	0.21%
HOV	C	0.21%
XRX	F	0.21%
TNC	D	0.21%
PK	D	0.21%
HAE	D	0.21%
GOGL	D	0.2%
ADNT	F	0.2%
NX	D	0.2%
HY	D	0.2%
ASGN	D	0.2%
BLFS	D	0.2%
SD	D	0.19%
GES	F	0.19%
UCTT	F	0.19%
KRC	B	0.19%
SXC	F	0.19%
EXTR	C	0.19%
VSH	D	0.19%
VCTR	B	0.18%
CRDO	D	0.18%
SCVL	B	0.18%
AGX	C	0.17%
SGBX	F	0.17%
BRC	B	0.17%
OSCR	B	0.16%
NVST	D	0.16%
MAX	C	0.15%
SCSC	D	0.15%
CLW	F	0.15%
HROW	B	0.15%
CWCO	F	0.15%
TGTX	B	0.15%
TPC	C	0.15%
CECO	D	0.14%
MOV	F	0.14%
ALRM	F	0.14%
TARS	C	0.14%
INVA	B	0.13%
CSGS	C	0.13%
EIG	B	0.13%
TWST	D	0.13%
CHRD	F	0.13%
CGEM	F	0.13%
METC	F	0.12%
ASTH	B	0.12%
SPSC	D	0.11%
ALKT	D	0.11%
AIT	C	0.11%
PCRX	F	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%
TPH	C	0.08%
KTB	B	0.08%
KSS	F	0.08%
CTRE	B	0.08%
JWN	B	0.07%
NSIT	C	0.07%
OMI	D	0.07%
AMN	F	0.07%
WGO	D	0.07%
COLL	B	0.06%
EOLS	C	0.06%
VSTO	B	0.06%
ATEN	C	0.05%
FORM	F	0.05%
ETH	D	0.05%
REVG	C	0.05%
ANDE	D	0.05%
SWX	C	0.05%
CTS	D	0.05%
PHR	C	0.05%
GRND	B	0.05%
APAM	C	0.05%
HE	F	0.05%
AMPH	C	0.05%
FTDR	B	0.05%
OGS	B	0.05%
EMBC	C	0.04%
JBI	F	0.04%
PGNY	F	0.04%
LBRT	D	0.04%
TDC	F	0.04%
SEMR	C	0.04%
RYI	F	0.03%
VITL	D	0.03%
SWI	B	0.03%
ACIW	B	0.02%
MITK	F	0.0%
MAIN	C	0.0%

AFSM Underweight 105 Positions Relative to VUSE

Symbol	Grade	Weight
AMZN	C	-2.69%
ORCL	B	-2.25%
V	B	-2.15%
WMT	B	-2.12%
MA	B	-2.12%
JNJ	B	-2.02%
HD	B	-2.02%
MSFT	C	-2.0%
AAPL	D	-1.98%
KO	B	-1.95%
MRK	D	-1.92%
JPM	D	-1.9%
XOM	D	-1.89%
CVX	D	-1.89%
AVGO	C	-1.85%
BAC	D	-1.77%
NVDA	D	-1.69%
PG	C	-1.32%
CMG	C	-1.3%
BKNG	B	-1.29%
MSI	C	-1.29%
ECL	B	-1.28%
ABBV	C	-1.27%
NFLX	B	-1.26%
AMAT	D	-1.18%
UBER	C	-1.18%
SNPS	D	-1.17%
LLY	C	-1.13%
T	B	-1.11%
ADBE	D	-1.06%
SBUX	C	-1.05%
ADP	B	-1.04%
MCD	C	-1.02%
SHW	B	-1.01%
MO	C	-1.01%
META	A	-1.0%
MAR	C	-0.99%
TJX	C	-0.99%
GOOGL	D	-0.92%
KLAC	D	-0.89%
COST	C	-0.84%
SYK	C	-0.74%
ZTS	B	-0.74%
TMUS	C	-0.72%
FTNT	C	-0.71%
ITW	B	-0.71%
WDAY	D	-0.69%
CAT	C	-0.69%
ERIE	A	-0.66%
NOW	A	-0.62%
AMP	B	-0.62%
FICO	A	-0.61%
TDG	B	-0.6%
NYT	C	-0.6%
CTAS	C	-0.6%
EQH	C	-0.59%
BOX	B	-0.58%
RMD	C	-0.56%
NKE	D	-0.56%
UTHR	C	-0.55%
DBRG	D	-0.54%
IT	B	-0.53%
CRUS	D	-0.53%
NRG	C	-0.53%
FAST	C	-0.52%
PAYX	C	-0.52%
RDDT	D	-0.51%
EXEL	B	-0.51%
GWW	B	-0.51%
PLMR	B	-0.5%
YELP	F	-0.49%
SHO	D	-0.49%
MSCI	C	-0.49%
EA	D	-0.49%
JLL	B	-0.48%
ODFL	C	-0.48%
TREX	F	-0.48%
MTD	D	-0.48%
LSCC	D	-0.46%
JKHY	B	-0.45%
QLYS	F	-0.43%
ON	D	-0.42%
A	C	-0.42%
BSX	B	-0.41%
ANET	B	-0.4%
EOG	D	-0.4%
RMBS	F	-0.38%
MANH	B	-0.37%
PLTR	B	-0.37%
CSL	C	-0.35%
VST	C	-0.29%
CRWD	F	-0.26%
PANW	D	-0.25%
DBX	D	-0.24%
VRSK	D	-0.23%
DOCU	C	-0.23%
AOS	C	-0.23%
TRIP	F	-0.22%
PINS	F	-0.22%
PSTG	F	-0.14%
ABNB	D	-0.14%
CMCSA	D	-0.13%
SPG	B	-0.13%
SEIC	B	-0.1%
SCCO	D	-0.0%