AFSM vs. XSW ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to SPDR S&P Software & Services ETF (XSW)

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

$32.64

Average Daily Volume

15,693

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$194.96

Average Daily Volume

13,855

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	XSW
30 Days	7.72%	19.12%
60 Days	6.49%	22.87%
90 Days	6.95%	24.41%
12 Months	33.58%	45.80%

23 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in XSW	Overlap
ACIW	B	0.02%	0.7%	0.02%
ALKT	B	0.13%	0.75%	0.13%
ALRM	C	0.14%	0.66%	0.14%
APPF	B	0.51%	0.62%	0.51%
ASGN	F	0.17%	0.62%	0.17%
ATEN	B	0.05%	0.73%	0.05%
CVLT	B	0.77%	0.72%	0.72%
DXC	B	0.29%	0.63%	0.29%
IDCC	A	1.19%	0.81%	0.81%
INTA	A	0.26%	0.77%	0.26%
MITK	C	0.0%	0.67%	0.0%
PRGS	A	0.39%	0.71%	0.39%
QTWO	A	0.42%	0.83%	0.42%
RAMP	C	0.1%	0.66%	0.1%
SEMR	B	0.04%	0.61%	0.04%
SPSC	C	0.09%	0.58%	0.09%
SWI	B	0.03%	0.66%	0.03%
TDC	D	0.04%	0.63%	0.04%
VRNS	D	0.26%	0.59%	0.26%
VRNT	C	0.38%	0.59%	0.38%
YEXT	A	0.11%	0.62%	0.11%
YOU	D	0.37%	0.52%	0.37%
ZETA	D	0.54%	0.39%	0.39%

AFSM Overweight 272 Positions Relative to XSW

Symbol	Grade	Weight
MLI	C	1.38%
SKYW	B	1.22%
NHC	C	1.15%
SFM	A	1.03%
CRS	A	0.93%
ALKS	B	0.91%
CPRX	C	0.88%
PFBC	B	0.88%
STRL	B	0.86%
DAKT	B	0.85%
ANF	C	0.84%
FIX	A	0.84%
EME	C	0.82%
CALM	A	0.78%
MTG	C	0.76%
MHO	D	0.76%
JXN	C	0.72%
BCC	B	0.72%
RDN	C	0.72%
UVE	B	0.72%
TMHC	B	0.7%
AROC	B	0.69%
TBBK	B	0.69%
CEIX	A	0.68%
MCY	A	0.67%
REZI	A	0.66%
SANM	B	0.65%
SLG	B	0.65%
GMED	A	0.65%
COOP	B	0.64%
HWKN	B	0.64%
HSII	B	0.63%
FDP	B	0.63%
BMI	B	0.63%
CRVL	A	0.63%
SLVM	B	0.62%
GMS	B	0.6%
PRK	B	0.59%
NTB	B	0.59%
SUPN	C	0.58%
NMIH	D	0.58%
NHI	D	0.57%
GEO	B	0.57%
BRBR	A	0.57%
CORT	B	0.57%
EGBN	B	0.56%
TGNA	B	0.56%
POWL	C	0.55%
BTU	B	0.55%
HALO	F	0.55%
WT	B	0.55%
BXC	B	0.55%
UFPT	B	0.55%
MUSA	A	0.54%
STBA	B	0.54%
CVNA	B	0.54%
COKE	C	0.54%
OFG	B	0.54%
CHCO	B	0.54%
ACT	D	0.51%
PRDO	B	0.51%
PLUS	F	0.51%
KBH	D	0.51%
BELFB	C	0.51%
DOLE	D	0.5%
DDS	B	0.5%
AMWD	C	0.5%
PI	D	0.49%
PINC	B	0.47%
LNTH	D	0.47%
CSWI	A	0.47%
TEX	D	0.46%
DFIN	D	0.45%
USLM	A	0.44%
HRB	D	0.43%
AMR	C	0.42%
HIMS	B	0.42%
PLAB	C	0.42%
ADUS	D	0.4%
WFRD	D	0.4%
RMR	F	0.4%
SIG	B	0.39%
IESC	B	0.39%
TILE	B	0.39%
LGND	B	0.39%
BDC	B	0.39%
EVER	F	0.39%
INMD	C	0.38%
LRN	A	0.38%
RDNT	B	0.37%
WNC	C	0.37%
IIPR	D	0.37%
LOPE	B	0.36%
CASH	A	0.36%
BLBD	D	0.36%
CAL	D	0.36%
M	D	0.36%
APOG	B	0.36%
HIW	D	0.35%
HRMY	D	0.35%
ANIP	F	0.35%
CNXN	C	0.35%
ESNT	D	0.35%
BPMC	C	0.35%
CRAI	B	0.35%
MATX	C	0.35%
TRMK	B	0.34%
MTH	D	0.34%
PBF	D	0.34%
MD	B	0.34%
MOG.A	B	0.34%
CMC	B	0.33%
FBP	B	0.33%
PFS	B	0.32%
LPG	F	0.32%
ATGE	B	0.32%
CNK	B	0.32%
PDM	D	0.32%
YMAB	F	0.31%
ATKR	C	0.31%
RXST	F	0.31%
SCS	C	0.31%
CUZ	B	0.31%
IBOC	A	0.31%
ODP	F	0.3%
TCMD	A	0.3%
DNOW	B	0.3%
VIRT	B	0.3%
AKR	B	0.3%
GRBK	D	0.3%
BKE	B	0.3%
SBRA	C	0.29%
THFF	B	0.29%
PHIN	A	0.29%
SPNS	F	0.29%
HUBG	A	0.29%
ADMA	B	0.28%
BKH	A	0.28%
BHE	B	0.28%
BNL	D	0.28%
HCC	B	0.28%
CRDO	B	0.28%
TWI	F	0.28%
SXC	A	0.28%
HURN	B	0.28%
AZZ	B	0.28%
ITCI	C	0.27%
BKU	A	0.27%
CCRN	F	0.26%
HCI	C	0.26%
ASO	F	0.26%
PRG	C	0.26%
GIII	D	0.25%
AGX	B	0.25%
MEDP	D	0.25%
GNK	D	0.25%
ABG	B	0.25%
PIPR	B	0.25%
PRM	C	0.25%
HDSN	F	0.24%
PSN	D	0.24%
AVNS	F	0.24%
LMAT	A	0.24%
MED	F	0.23%
NTCT	C	0.23%
HLX	B	0.23%
SMP	B	0.22%
IMKTA	C	0.22%
HAE	C	0.22%
VNDA	C	0.22%
NUS	D	0.22%
KN	B	0.22%
SBH	C	0.22%
NX	C	0.21%
VCTR	B	0.21%
INSW	F	0.21%
WABC	B	0.21%
KRC	C	0.2%
BLFS	C	0.2%
ENS	D	0.2%
PK	B	0.2%
DHT	F	0.2%
AMKR	D	0.2%
EXTR	B	0.2%
CMPR	D	0.2%
ASC	F	0.2%
NAVI	C	0.19%
UCTT	D	0.19%
SGBX	F	0.19%
GOGL	F	0.19%
AXSM	B	0.19%
TMDX	F	0.19%
NSSC	D	0.19%
TARS	B	0.19%
TPC	C	0.18%
TNC	D	0.18%
TGTX	B	0.18%
ONTO	D	0.18%
SIGA	F	0.18%
HOV	D	0.17%
SD	D	0.17%
HY	D	0.17%
NVST	B	0.17%
XRX	F	0.16%
STNG	F	0.16%
ADNT	F	0.16%
METC	C	0.15%
GES	F	0.15%
SCSC	B	0.15%
VSH	D	0.15%
BRC	D	0.15%
SCVL	F	0.14%
AIT	A	0.14%
CSGS	B	0.14%
HROW	D	0.14%
OSCR	D	0.14%
CWCO	C	0.14%
AYI	B	0.14%
NECB	B	0.14%
CECO	A	0.14%
KELYA	F	0.14%
EIG	B	0.13%
MOV	C	0.13%
PCRX	C	0.13%
GFF	A	0.12%
TWST	D	0.12%
CLW	F	0.12%
MRVI	F	0.12%
INVA	D	0.11%
AMCX	C	0.11%
CHRD	D	0.11%
MAX	F	0.1%
ASTH	D	0.1%
CGEM	F	0.09%
MLKN	D	0.08%
CTRE	D	0.08%
PEBK	B	0.08%
KRYS	B	0.08%
KTB	B	0.08%
ATLO	D	0.07%
TPH	D	0.07%
WGO	C	0.07%
APAM	B	0.06%
FTDR	A	0.06%
GRND	A	0.06%
KSS	F	0.06%
JWN	C	0.06%
ANDE	D	0.05%
OTTR	C	0.05%
AMPH	D	0.05%
NSIT	F	0.05%
REVG	B	0.05%
SWX	B	0.05%
OGS	A	0.05%
CTS	C	0.05%
OMI	F	0.05%
LBRT	D	0.04%
AMN	F	0.04%
PHR	F	0.04%
FORM	D	0.04%
ETD	C	0.04%
HE	C	0.04%
COLL	F	0.04%
EOLS	D	0.04%
JBI	F	0.03%
VITL	D	0.03%
EMBC	C	0.03%
RYI	C	0.03%
ACLS	F	0.02%
PGNY	F	0.02%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 110 Positions Relative to XSW

Symbol	Grade	Weight
APP	B	-1.52%
MSTR	C	-1.39%
CIFR	B	-1.29%
RIOT	C	-1.06%
NNBR	C	-1.04%
BILL	A	-1.04%
WULF	C	-1.04%
PLTR	B	-1.02%
CLSK	C	-0.96%
TEAM	A	-0.93%
RBRK	A	-0.88%
FRSH	C	-0.88%
CFLT	B	-0.87%
DOCU	A	-0.87%
HUBS	A	-0.86%
NCNO	B	-0.85%
FIVN	C	-0.85%
VERX	B	-0.84%
PEGA	A	-0.81%
CRM	B	-0.81%
CRWD	B	-0.81%
MARA	C	-0.81%
PRO	C	-0.79%
RNG	B	-0.78%
SOUN	C	-0.78%
FTNT	C	-0.78%
ZM	B	-0.76%
OLO	B	-0.76%
CWAN	B	-0.76%
WK	B	-0.76%
PCOR	B	-0.76%
BL	B	-0.75%
KD	B	-0.75%
FICO	B	-0.75%
AGYS	A	-0.74%
EPAM	C	-0.74%
ZS	C	-0.74%
NTNX	A	-0.73%
ASAN	C	-0.73%
APPN	B	-0.73%
RPD	C	-0.73%
S	B	-0.73%
TTWO	A	-0.72%
ESTC	C	-0.72%
QLYS	C	-0.72%
DDOG	A	-0.71%
ALTR	B	-0.71%
AI	B	-0.71%
DJCO	B	-0.71%
ADSK	A	-0.71%
NOW	A	-0.71%
RBLX	C	-0.7%
PANW	C	-0.7%
DV	C	-0.7%
ORCL	B	-0.7%
GWRE	A	-0.69%
GEN	B	-0.69%
PD	C	-0.68%
DBX	B	-0.68%
SNPS	B	-0.68%
CDNS	B	-0.68%
VYX	B	-0.67%
IOT	A	-0.67%
BLND	B	-0.67%
EA	A	-0.67%
ZUO	B	-0.67%
GTLB	B	-0.67%
PLTK	B	-0.67%
PTC	A	-0.67%
WDAY	B	-0.66%
INTU	C	-0.65%
ANSS	B	-0.65%
IT	C	-0.65%
PATH	C	-0.65%
MANH	D	-0.65%
DT	C	-0.64%
TENB	C	-0.64%
ACN	C	-0.64%
TYL	B	-0.64%
CTSH	B	-0.64%
SMAR	A	-0.64%
BOX	B	-0.63%
BRZE	C	-0.63%
SPT	C	-0.63%
AUR	C	-0.63%
OSPN	A	-0.63%
DLB	B	-0.62%
ROP	B	-0.62%
QXO	D	-0.62%
CXM	C	-0.61%
GDYN	B	-0.61%
BLKB	B	-0.61%
ADBE	C	-0.6%
INFA	D	-0.6%
HCP	B	-0.6%
ENV	B	-0.6%
MLNK	B	-0.59%
BSY	D	-0.59%
IBM	C	-0.59%
MSFT	F	-0.59%
U	C	-0.58%
IBUY	A	-0.55%
NABL	F	-0.53%
JAMF	F	-0.52%
WEAV	B	-0.46%
ETWO	F	-0.44%
CCSI	C	-0.4%
HCKT	B	-0.4%
DMRC	C	-0.39%
LGTY	D	-0.26%