MMSC vs. CEFS ETF Comparison

Comparison of First Trust Multi-Manager Small (MMSC) to Exchange Listed Funds Trust ETF (CEFS)

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$21.70

Average Daily Volume

7,233

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

CEFS

Exchange Listed Funds Trust ETF

CEFS Description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$22.16

Average Daily Volume

46,111

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

Performance

Period	MMSC	CEFS
30 Days	2.65%	0.23%
60 Days	5.54%	1.46%
90 Days	8.72%	4.53%
12 Months	39.27%	29.05%

0 Overlapping Holdings

	Symbol	Grade	Weight in MMSC	Weight in CEFS	Overlap

MMSC Overweight 181 Positions Relative to CEFS

Symbol	Grade	Weight
AXON	A	2.41%
BRBR	A	1.67%
CYBR	A	1.65%
CRNX	C	1.41%
AAON	B	1.39%
VRNS	D	1.29%
SGBX	F	1.13%
COHR	B	1.09%
PLMR	A	1.05%
AVAV	C	0.99%
PCVX	D	0.97%
SFM	A	0.97%
FTI	A	0.94%
MOD	A	0.93%
KTOS	C	0.91%
HQY	A	0.9%
FRPT	A	0.84%
CWAN	B	0.84%
GKOS	A	0.82%
MANH	D	0.82%
NTRA	A	0.8%
CW	B	0.79%
RBC	A	0.78%
RYAN	B	0.77%
GWRE	A	0.74%
XENE	D	0.73%
EZPW	A	0.72%
EXEL	B	0.71%
MNDY	D	0.7%
CVNA	A	0.68%
LGND	C	0.68%
FN	B	0.68%
HEI	A	0.67%
VSEC	B	0.66%
CVLT	B	0.66%
KNF	B	0.66%
RVLV	B	0.65%
ERJ	A	0.64%
BFAM	F	0.64%
MGNI	A	0.64%
SPSC	F	0.63%
HALO	F	0.62%
SUPN	B	0.61%
MGY	A	0.6%
FCN	F	0.59%
SMTC	C	0.59%
CRDO	B	0.58%
MMS	D	0.57%
PIPR	B	0.57%
TTEK	F	0.57%
BCPC	B	0.56%
FLS	A	0.56%
ITRI	B	0.55%
POWL	C	0.55%
ECPG	C	0.55%
MKTX	D	0.55%
WULF	C	0.54%
ICFI	F	0.53%
CR	A	0.52%
MTSI	B	0.51%
VRT	A	0.51%
WING	D	0.51%
TMDX	F	0.51%
SITE	D	0.5%
KNSL	B	0.5%
FIX	A	0.5%
LTH	C	0.5%
SKY	A	0.5%
PZZA	F	0.49%
UPST	B	0.48%
VIRT	A	0.48%
ITGR	B	0.47%
KMPR	A	0.46%
PSN	C	0.46%
EVR	B	0.45%
STRL	A	0.45%
RGEN	F	0.45%
WVE	C	0.45%
MEDP	D	0.44%
TBBK	B	0.44%
HUBG	A	0.44%
ALSN	B	0.43%
CRS	A	0.43%
AZEK	B	0.43%
TREX	D	0.43%
SITM	B	0.42%
BROS	A	0.42%
WAL	B	0.42%
KRNT	B	0.41%
NTNX	B	0.41%
GLOB	C	0.41%
KYMR	C	0.41%
RARE	F	0.4%
LAD	B	0.4%
BOOT	D	0.39%
INTA	B	0.39%
GMED	A	0.38%
ONTO	F	0.38%
TECH	F	0.38%
SKWD	A	0.38%
NUVL	D	0.38%
IRTC	C	0.37%
RYTM	C	0.37%
TENB	D	0.37%
FSS	B	0.37%
TOST	A	0.37%
VERX	A	0.36%
RBRK	A	0.36%
MRUS	F	0.35%
MOG.A	B	0.35%
PRO	C	0.35%
S	B	0.35%
UEC	A	0.35%
HSTM	A	0.35%
WIX	A	0.34%
LNN	B	0.34%
ASO	F	0.34%
RNA	C	0.34%
ITCI	B	0.33%
EME	A	0.33%
BMI	C	0.33%
NEOG	D	0.33%
AZTA	F	0.32%
ALTR	B	0.31%
IBP	F	0.31%
ACHC	F	0.31%
BLFS	C	0.31%
OLLI	D	0.31%
RMBS	C	0.31%
HCI	C	0.3%
FWRG	C	0.3%
RXO	C	0.3%
SDGR	C	0.3%
CIEN	B	0.3%
AIT	B	0.29%
LRN	A	0.29%
MEG	F	0.29%
LNTH	F	0.29%
SHAK	C	0.28%
PSTG	F	0.28%
WHD	B	0.27%
COMP	B	0.27%
ALKT	B	0.27%
POWI	D	0.27%
AMRC	F	0.26%
CGNX	D	0.26%
SAIA	C	0.26%
BWXT	A	0.26%
JBT	A	0.26%
GNRC	B	0.26%
ROAD	A	0.26%
LSCC	D	0.25%
AMBA	B	0.25%
TNDM	F	0.25%
ANF	C	0.25%
CHEF	B	0.25%
LASR	D	0.25%
SLAB	F	0.24%
MTH	D	0.24%
EWTX	C	0.24%
ESI	B	0.24%
QNST	C	0.24%
FIVE	F	0.23%
PI	D	0.23%
BECN	B	0.22%
ASPN	F	0.2%
BRZE	C	0.19%
ICLR	F	0.18%
ZETA	D	0.17%
MAX	F	0.17%
DNUT	F	0.16%
AGYS	A	0.16%
KRYS	C	0.16%
ENVX	F	0.15%
PODD	B	0.15%
RXST	F	0.14%
PTCT	C	0.13%
OSCR	C	0.11%
CELH	F	0.1%
CSWI	A	0.07%
INSM	C	0.06%

MMSC Underweight 105 Positions Relative to CEFS

Symbol	Grade	Weight
BIGZ	B	-12.12%
ASA	D	-8.22%
BCAT	A	-5.82%
ADX	A	-5.52%
BFZ	D	-5.03%
ASGI	C	-4.03%
ENX	C	-3.8%
PDX	A	-3.35%
NQP	C	-3.12%
GDV	B	-3.0%
NXJ	D	-3.0%
HQL	D	-2.89%
EVM	C	-2.23%
BSTZ	B	-2.22%
BMEZ	C	-2.16%
HQH	D	-2.13%
GRX	D	-1.86%
AFB	D	-1.8%
VTN	A	-1.76%
MHI	A	-1.68%
TEAF	D	-1.66%
LGI	D	-1.56%
EDD	D	-1.35%
VPV	C	-1.25%
NFJ	A	-1.2%
ECF	A	-1.16%
FMN	D	-1.1%
KSM	F	-1.09%
NTG	A	-1.07%
EMO	A	-1.04%
LEO	D	-1.03%
AOD	D	-1.02%
VGM	C	-1.0%
PGZ	D	-0.85%
JRI	A	-0.84%
MAV	C	-0.84%
NPFD	A	-0.83%
NBH	D	-0.76%
DMF	C	-0.66%
IHD	D	-0.65%
CEV	D	-0.64%
GAM	C	-0.58%
DSM	D	-0.56%
CXE	D	-0.47%
HYB	A	-0.46%
VKQ	D	-0.41%
BOE	A	-0.39%
VCV	C	-0.39%
IDE	B	-0.32%
NDP	A	-0.32%
DMB	D	-0.3%
PCK	D	-0.26%
VMO	D	-0.23%
TWN	D	-0.22%
PEO	A	-0.22%
CPZ	A	-0.22%
RA	C	-0.21%
EOD	C	-0.19%
GNT	C	-0.18%
TTP	A	-0.15%
FGB	A	-0.13%
AGD	D	-0.13%
MPA	C	-0.11%
CMU	C	-0.1%
CXH	A	-0.09%
ERH	C	-0.09%
MFD	C	-0.08%
TYG	A	-0.06%
GLO	C	-0.05%
NML	A	-0.05%
HEQ	C	-0.03%
PNI	C	-0.03%
IGA	A	-0.03%
GLV	C	-0.03%
MFM	D	-0.02%
MUJ	D	-0.02%
DIAX	A	-0.02%
KYN	A	-0.02%
SBI	C	-0.02%
GLQ	C	-0.01%
MVT	D	-0.01%
GF	F	-0.01%
MUC	D	-0.01%
BTT	D	-0.01%
MYN	C	-0.01%
NAC	D	-0.01%
MXE	F	-0.01%
BCV	A	-0.01%
PFO	D	-0.01%
ETW	A	-0.0%
NAN	C	-0.0%
NMT	B	-0.0%
MUE	C	-0.0%
MIY	D	-0.0%
BNY	D	-0.0%
BHV	C	-0.0%
NOM	C	-0.0%
RMT	B	-0.0%
VFL	D	-0.0%
IIF	D	-0.0%
NAZ	B	-0.0%
BGY	C	-0.0%
SWZ	D	-0.0%
MHN	D	-0.0%
PYN	D	-0.0%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other