AFSM vs. XSMO ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Invesco S&P SmallCap Momentum ETF (XSMO)

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

$28.71

Average Daily Volume

7,449

Number of Holdings ^*

294

* may have additional holdings in another (foreign) market

XSMO

Invesco S&P SmallCap Momentum ETF

XSMO Description

The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities 120 securities in the S&P SmallCap 600® Index having the highest “momentum scores,” calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index. The Fund and the Index are rebalanced and reconstituted semi-annually.

Grade (RS Rating)

Last Trade

$61.70

Average Daily Volume

416,830

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	XSMO
30 Days	2.02%	2.46%
60 Days	2.10%	2.73%
90 Days	1.45%	2.71%
12 Months	17.75%	24.47%

56 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in XSMO	Overlap
AMPH	C	0.05%	0.59%	0.05%
AMR	F	0.43%	1.21%	0.43%
AMWD	D	0.49%	0.43%	0.43%
ANDE	D	0.05%	0.44%	0.05%
ANIP	D	0.41%	0.2%	0.2%
APAM	D	0.05%	0.6%	0.05%
AROC	D	0.6%	1.07%	0.6%
ATGE	C	0.29%	0.63%	0.29%
AZZ	C	0.27%	0.7%	0.27%
BCC	C	0.74%	2.37%	0.74%
BMI	C	0.62%	1.33%	0.62%
CEIX	D	0.58%	0.81%	0.58%
CNXN	B	0.37%	0.21%	0.21%
COOP	B	0.64%	2.01%	0.64%
CRS	B	0.77%	1.4%	0.77%
CRVL	B	0.6%	0.79%	0.6%
DFIN	B	0.52%	0.42%	0.42%
EPAC	C	0.0%	0.41%	0.0%
FBP	B	0.36%	0.81%	0.36%
FORM	F	0.05%	0.82%	0.05%
GFF	D	0.1%	0.8%	0.1%
GIII	A	0.24%	0.32%	0.24%
GMS	D	0.54%	1.01%	0.54%
GRBK	B	0.36%	0.61%	0.36%
HCC	F	0.26%	1.06%	0.26%
HCI	A	0.24%	0.23%	0.23%
HWKN	B	0.65%	0.92%	0.65%
IDCC	B	0.93%	1.34%	0.93%
INVA	B	0.12%	0.29%	0.12%
LBRT	D	0.04%	0.65%	0.04%
LPG	F	0.49%	0.58%	0.49%
LRN	B	0.31%	0.92%	0.31%
MATX	C	0.33%	1.86%	0.33%
MHO	B	0.82%	2.06%	0.82%
MLI	B	1.13%	2.53%	1.13%
MOG.A	C	0.32%	1.8%	0.32%
MTH	B	0.39%	2.26%	0.39%
NHC	B	1.32%	0.77%	0.77%
NMIH	B	0.65%	1.07%	0.65%
NSIT	C	0.07%	2.57%	0.07%
OFG	B	0.59%	0.53%	0.53%
OTTR	D	0.05%	1.02%	0.05%
PIPR	B	0.21%	0.91%	0.21%
PLAB	F	0.45%	0.43%	0.43%
PLUS	B	0.63%	0.77%	0.63%
POWL	C	0.35%	0.68%	0.35%
PRG	B	0.28%	0.48%	0.28%
RAMP	F	0.09%	0.42%	0.09%
RDN	B	0.81%	1.81%	0.81%
RDNT	B	0.3%	1.49%	0.3%
SKYW	D	0.89%	1.46%	0.89%
SPSC	D	0.11%	1.86%	0.11%
TBBK	B	0.68%	0.51%	0.51%
TNC	D	0.21%	0.5%	0.21%
TPH	B	0.08%	1.4%	0.08%
UFPT	B	0.65%	0.64%	0.64%

AFSM Overweight 238 Positions Relative to XSMO

Symbol	Grade	Weight
ALKS	B	0.96%
DAKT	D	0.91%
ANF	D	0.91%
CPRX	B	0.87%
MTG	B	0.81%
PFBC	C	0.81%
TNK	D	0.8%
HALO	B	0.8%
SFM	B	0.77%
UVE	B	0.72%
CVLT	B	0.71%
TMHC	B	0.7%
JXN	C	0.66%
EME	C	0.64%
FIX	C	0.64%
NTB	B	0.63%
ZETA	B	0.63%
NHI	A	0.62%
CALM	B	0.62%
MCY	B	0.62%
SANM	D	0.61%
COKE	B	0.6%
GMED	C	0.59%
LNTH	C	0.59%
STBA	B	0.58%
SLVM	B	0.58%
SLG	B	0.58%
SUPN	B	0.58%
KBH	B	0.57%
MUSA	B	0.56%
HSII	B	0.56%
FDP	B	0.56%
PRK	B	0.56%
STRL	C	0.56%
DOLE	B	0.56%
CAL	B	0.55%
ACT	A	0.55%
VRNT	F	0.54%
WFRD	F	0.53%
APPF	D	0.53%
TEX	D	0.52%
REZI	D	0.52%
CHCO	B	0.52%
EVER	D	0.51%
BTU	D	0.5%
BLBD	D	0.5%
HRB	B	0.5%
BXC	F	0.48%
RMR	B	0.48%
BELFB	D	0.47%
EGBN	C	0.46%
PI	C	0.46%
IIPR	B	0.46%
PINC	A	0.45%
TGNA	D	0.45%
ADUS	B	0.45%
PRDO	D	0.45%
BRBR	A	0.44%
YMAB	B	0.43%
DDS	D	0.43%
TMDX	C	0.43%
YOU	B	0.43%
ESNT	B	0.42%
M	F	0.41%
CCRN	F	0.4%
CSWI	C	0.4%
RXST	B	0.4%
SPNS	D	0.4%
WNC	F	0.4%
LGND	B	0.39%
HRMY	B	0.39%
BDC	B	0.37%
BPMC	F	0.37%
CORT	B	0.37%
PBF	F	0.37%
ATKR	F	0.36%
ODP	F	0.36%
TWI	D	0.36%
HIW	B	0.36%
INMD	F	0.35%
SCS	C	0.35%
PDM	B	0.35%
CVNA	C	0.35%
SIG	F	0.35%
PRGS	B	0.35%
AVNS	B	0.34%
HDSN	F	0.34%
ASC	D	0.33%
LOPE	D	0.33%
ASO	C	0.33%
QTWO	B	0.32%
CRAI	D	0.32%
CMC	D	0.31%
BNL	B	0.31%
VRNS	C	0.31%
APOG	C	0.31%
TRMK	B	0.31%
CASH	A	0.31%
MEDP	D	0.3%
DXC	A	0.3%
TILE	B	0.3%
PFS	B	0.3%
NUS	F	0.29%
GEO	D	0.29%
IBOC	C	0.29%
HIMS	F	0.29%
CUZ	A	0.29%
PHIN	B	0.28%
PRMW	A	0.28%
THFF	B	0.28%
DNOW	D	0.28%
HUBG	B	0.28%
BKE	B	0.28%
SIGA	D	0.28%
AKR	B	0.28%
CNK	A	0.28%
BKU	B	0.27%
GNK	D	0.27%
TCMD	C	0.27%
BKH	A	0.27%
CMPR	B	0.27%
MD	B	0.27%
AMKR	F	0.27%
SBRA	A	0.27%
IESC	C	0.27%
ABG	D	0.26%
HLX	D	0.26%
USLM	C	0.26%
VIRT	A	0.26%
BHE	C	0.26%
HURN	C	0.26%
INSW	D	0.26%
VNDA	D	0.25%
MRVI	A	0.25%
PSN	B	0.25%
KN	D	0.24%
CRDO	C	0.24%
NTCT	C	0.24%
MED	F	0.24%
IMKTA	D	0.24%
NSSC	F	0.24%
ONTO	D	0.24%
PRM	B	0.23%
SMP	C	0.23%
KELYA	D	0.23%
SBH	B	0.23%
ADMA	B	0.23%
ITCI	C	0.23%
NAVI	C	0.22%
EXTR	C	0.22%
LMAT	B	0.22%
STNG	D	0.22%
ENS	D	0.22%
PK	D	0.22%
XRX	D	0.22%
HOV	B	0.22%
HY	F	0.21%
GOGL	D	0.21%
VSH	F	0.21%
SXC	F	0.21%
BLFS	B	0.21%
DHT	D	0.21%
INTA	B	0.21%
NX	D	0.2%
SD	D	0.2%
UCTT	F	0.2%
ADNT	F	0.2%
HAE	F	0.2%
WABC	C	0.2%
ASGN	D	0.2%
AXSM	A	0.19%
KRC	B	0.19%
GES	F	0.19%
VCTR	B	0.18%
SCVL	B	0.18%
MOV	F	0.18%
NVST	C	0.17%
CLW	F	0.16%
SCSC	C	0.16%
BRC	B	0.16%
SGBX	F	0.16%
ALRM	F	0.15%
TPC	C	0.15%
OSCR	B	0.15%
CWCO	F	0.15%
METC	F	0.15%
AGX	A	0.14%
CHRD	F	0.14%
MAX	B	0.14%
CECO	D	0.14%
TGTX	B	0.14%
CSGS	C	0.13%
PCRX	F	0.13%
AMCX	F	0.13%
TWST	F	0.13%
CGEM	B	0.13%
HROW	B	0.13%
ASTH	B	0.12%
AYI	C	0.12%
TARS	B	0.12%
ALKT	C	0.12%
EIG	B	0.12%
AIT	C	0.11%
MLKN	D	0.1%
KRYS	D	0.09%
YEXT	A	0.08%
OMI	C	0.08%
KTB	B	0.08%
CTRE	A	0.08%
AMN	F	0.08%
KSS	F	0.07%
WGO	D	0.07%
EOLS	B	0.06%
COLL	B	0.06%
VSTO	C	0.06%
JWN	A	0.06%
HE	F	0.05%
ATEN	D	0.05%
SWX	D	0.05%
ETH	F	0.05%
OGS	B	0.05%
FTDR	B	0.05%
GRND	C	0.05%
PHR	B	0.05%
CTS	D	0.05%
REVG	C	0.05%
PGNY	D	0.04%
EMBC	B	0.04%
TDC	F	0.04%
SEMR	D	0.04%
JBI	F	0.04%
RYI	F	0.03%
ACLS	F	0.03%
VITL	D	0.03%
SWI	B	0.03%
ACIW	B	0.02%
MITK	F	0.0%
MAIN	D	0.0%

AFSM Underweight 53 Positions Relative to XSMO

Symbol	Grade	Weight
FN	C	-2.34%
GKOS	B	-2.24%
ENSG	B	-2.11%
VRRM	D	-2.01%
IBP	D	-1.97%
FSS	D	-1.82%
ITGR	A	-1.5%
AWI	C	-1.49%
AVAV	B	-1.25%
AGO	D	-1.25%
SKT	A	-1.18%
WDFC	A	-1.13%
ACA	D	-1.04%
GPI	B	-0.98%
GSHD	A	-0.91%
SHAK	C	-0.83%
PATK	B	-0.78%
CCS	B	-0.77%
DV	F	-0.76%
RUSHA	C	-0.74%
YELP	F	-0.68%
ROCK	D	-0.67%
NPO	D	-0.66%
VCEL	C	-0.64%
VECO	F	-0.64%
OSIS	C	-0.61%
HNI	B	-0.61%
ARCB	F	-0.58%
PJT	C	-0.57%
CARG	B	-0.54%
STC	B	-0.53%
SXI	C	-0.51%
URBN	D	-0.51%
ALG	D	-0.5%
WOR	F	-0.47%
SPNT	B	-0.46%
MTRN	D	-0.46%
MYRG	F	-0.45%
AIR	D	-0.44%
IPAR	D	-0.41%
ARLO	F	-0.38%
JOE	C	-0.38%
GBX	D	-0.37%
CUBI	F	-0.36%
CXW	D	-0.35%
PARR	F	-0.3%
KOP	D	-0.24%
JBSS	D	-0.23%
NABL	D	-0.19%
WSR	D	-0.16%
IIIN	D	-0.13%
ZEUS	F	-0.11%
WRLD	D	-0.09%