HSMV vs. AFSM ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Active Factor Small Cap ETF (AFSM)

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

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

Performance

Period	HSMV	AFSM
30 Days	4.88%	7.72%
60 Days	5.46%	6.49%
90 Days	6.96%	6.95%
12 Months	27.49%	33.58%

14 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in AFSM	Overlap
BKH	A	0.9%	0.28%	0.28%
COOP	B	0.35%	0.64%	0.35%
CTRE	D	1.54%	0.08%	0.08%
ESNT	D	0.67%	0.35%	0.35%
HRB	D	0.26%	0.43%	0.26%
IDCC	A	0.77%	1.19%	0.77%
LOPE	B	0.74%	0.36%	0.36%
MTG	C	0.55%	0.76%	0.55%
MUSA	A	0.47%	0.54%	0.47%
NMIH	D	0.55%	0.58%	0.55%
OGS	A	0.72%	0.05%	0.05%
PRGS	A	0.58%	0.39%	0.39%
RDN	C	0.4%	0.72%	0.4%
SBRA	C	0.55%	0.29%	0.29%

HSMV Overweight 133 Positions Relative to AFSM

Symbol	Grade	Weight
ATR	B	2.09%
DTM	B	2.06%
SEIC	B	1.89%
ORI	A	1.76%
IDA	A	1.65%
INGR	B	1.65%
OGE	B	1.59%
POST	C	1.56%
RLI	B	1.42%
MSGS	A	1.4%
ADC	B	1.34%
DCI	B	1.33%
CACI	D	1.29%
FHI	A	1.26%
AMH	D	1.24%
NJR	A	1.24%
AM	A	1.21%
NFG	A	1.18%
FLO	D	1.17%
CHE	D	1.16%
NWE	B	1.13%
OHI	C	1.08%
AFG	A	1.08%
POR	C	1.07%
GGG	B	1.06%
NNN	D	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	C	0.95%
EHC	B	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
CBSH	A	0.83%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
PRI	A	0.78%
AVA	A	0.76%
LSTR	D	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
ENSG	D	0.73%
AWR	B	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
CW	B	0.67%
RGA	A	0.67%
AGO	B	0.67%
JHG	A	0.66%
EPRT	B	0.65%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
EGP	F	0.63%
SCI	B	0.62%
ACM	A	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
COLM	B	0.55%
RS	B	0.54%
BCPC	B	0.53%
FLS	B	0.52%
CWT	D	0.51%
FNF	B	0.51%
EPC	D	0.49%
AVT	C	0.49%
FCN	D	0.49%
BRX	A	0.48%
BWXT	B	0.48%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
FR	C	0.45%
CHDN	B	0.45%
ARW	D	0.45%
PB	A	0.45%
CNO	A	0.44%
MSM	C	0.44%
LAMR	D	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
FAF	A	0.4%
FNB	A	0.38%
ITT	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ASH	D	0.36%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
G	B	0.35%
IOSP	B	0.35%
SAIC	F	0.35%
LXP	D	0.34%
RGLD	C	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	D	0.32%
KEX	C	0.31%
AGCO	D	0.31%
JJSF	B	0.31%
ONB	B	0.31%
R	B	0.3%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	B	0.28%
ORA	B	0.27%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
FSS	B	0.24%
LFUS	F	0.24%
CUBE	D	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	D	0.22%
CRI	D	0.21%
REXR	F	0.2%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 281 Positions Relative to AFSM

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%
CVLT	B	-0.77%
MHO	D	-0.76%
JXN	C	-0.72%
BCC	B	-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%
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%
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%
ZETA	D	-0.54%
STBA	B	-0.54%
CVNA	B	-0.54%
COKE	C	-0.54%
OFG	B	-0.54%
CHCO	B	-0.54%
APPF	B	-0.51%
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%
AMR	C	-0.42%
QTWO	A	-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%
VRNT	C	-0.38%
LRN	A	-0.38%
RDNT	B	-0.37%
WNC	C	-0.37%
YOU	D	-0.37%
IIPR	D	-0.37%
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%
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%
THFF	B	-0.29%
PHIN	A	-0.29%
SPNS	F	-0.29%
DXC	B	-0.29%
HUBG	A	-0.29%
ADMA	B	-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%
INTA	A	-0.26%
VRNS	D	-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%
ASGN	F	-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%
ALRM	C	-0.14%
KELYA	F	-0.14%
EIG	B	-0.13%
MOV	C	-0.13%
ALKT	B	-0.13%
PCRX	C	-0.13%
GFF	A	-0.12%
TWST	D	-0.12%
CLW	F	-0.12%
MRVI	F	-0.12%
YEXT	A	-0.11%
INVA	D	-0.11%
AMCX	C	-0.11%
CHRD	D	-0.11%
MAX	F	-0.1%
ASTH	D	-0.1%
RAMP	C	-0.1%
CGEM	F	-0.09%
SPSC	C	-0.09%
MLKN	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%
ATEN	B	-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%
TDC	D	-0.04%
ETD	C	-0.04%
HE	C	-0.04%
SEMR	B	-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%
SWI	B	-0.03%
ACLS	F	-0.02%
PGNY	F	-0.02%
ACIW	B	-0.02%
MITK	C	-0.0%
MAIN	A	-0.0%
EPAC	B	-0.0%