MMSC vs. IEDI ETF Comparison

Comparison of First Trust Multi-Manager Small (MMSC) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

$20.57

Average Daily Volume

9,340

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.51

Average Daily Volume

2,902

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	MMSC	IEDI
30 Days	4.60%	4.30%
60 Days	5.98%	6.32%
90 Days	7.72%	5.37%
12 Months	32.02%	31.17%

16 Overlapping Holdings

Symbol	Grade	Weight in MMSC	Weight in IEDI	Overlap
AEO	F	0.23%	1.0%	0.23%
ANF	D	0.34%	1.0%	0.34%
ASO	C	0.31%	1.0%	0.31%
BFAM	C	0.96%	1.0%	0.96%
BOOT	A	0.24%	1.0%	0.24%
CVNA	B	0.65%	1.0%	0.65%
ELF	F	0.3%	1.0%	0.3%
FIVE	D	0.26%	1.0%	0.26%
FRPT	B	0.86%	1.0%	0.86%
LAD	D	0.24%	1.0%	0.24%
LOPE	D	0.02%	1.0%	0.02%
PZZA	D	0.55%	1.0%	0.55%
SFM	B	0.66%	1.0%	0.66%
SITE	C	0.53%	1.0%	0.53%
TOST	C	0.25%	1.0%	0.25%
WING	B	1.22%	1.0%	1.0%

MMSC Overweight 163 Positions Relative to IEDI

Symbol	Grade	Weight
AXON	B	2.04%
CYBR	D	1.76%
PCVX	C	1.48%
BRBR	C	1.45%
CRNX	C	1.34%
VRNS	C	1.22%
PLMR	C	1.2%
TMDX	C	1.19%
ONTO	D	1.13%
MANH	B	1.01%
FTI	D	0.98%
SPSC	D	0.96%
AVAV	C	0.96%
AAON	B	0.93%
GKOS	C	0.92%
SGBX	F	0.91%
KTOS	C	0.87%
HQY	C	0.81%
RBC	C	0.81%
GWRE	A	0.8%
COHR	C	0.79%
RYAN	D	0.78%
HALO	C	0.78%
EZPW	D	0.77%
XENE	F	0.77%
TTEK	C	0.75%
FCN	D	0.75%
CW	B	0.74%
MNDY	B	0.73%
EXEL	C	0.73%
MOD	A	0.72%
NTRA	C	0.72%
LGND	C	0.7%
TNDM	C	0.69%
MMS	C	0.69%
HEI	B	0.69%
ACHC	C	0.68%
ICFI	B	0.67%
CWAN	B	0.67%
ERJ	C	0.66%
SUPN	C	0.64%
VIRT	C	0.63%
KNF	B	0.62%
MKTX	C	0.62%
FSS	D	0.62%
ECPG	D	0.61%
BCPC	C	0.61%
IBP	D	0.61%
PSN	B	0.59%
MGY	C	0.59%
TENB	F	0.56%
CR	C	0.55%
RARE	B	0.53%
RGEN	F	0.53%
SKY	B	0.52%
ENV	C	0.52%
PIPR	B	0.51%
CRDO	D	0.51%
KMPR	D	0.51%
ITGR	A	0.5%
KNSL	C	0.5%
VSEC	C	0.5%
LTH	B	0.49%
ATI	C	0.48%
BROS	D	0.48%
GMED	D	0.47%
SWN	D	0.47%
RVLV	B	0.46%
SMTC	C	0.45%
MEG	F	0.45%
HUBG	C	0.45%
TREX	D	0.45%
MEDP	F	0.44%
TECH	C	0.44%
AZEK	C	0.44%
WAL	B	0.43%
KYMR	C	0.43%
AIT	A	0.43%
NUVL	C	0.43%
ESI	D	0.42%
APPF	D	0.42%
ASPN	D	0.41%
GLOB	D	0.41%
CVLT	B	0.41%
MRUS	D	0.4%
ITRI	C	0.4%
VRT	C	0.4%
WHD	C	0.4%
EVR	A	0.4%
INTA	A	0.39%
MTSI	D	0.39%
ICLR	D	0.39%
AZTA	F	0.39%
NEOG	D	0.38%
BPMC	F	0.37%
STRL	B	0.37%
OSCR	B	0.36%
HSTM	C	0.36%
BLFS	C	0.36%
LNN	D	0.36%
HCI	C	0.36%
UEC	D	0.36%
SKWD	C	0.35%
AMRC	C	0.34%
MOG.A	B	0.34%
BMI	A	0.34%
SDGR	D	0.34%
PSTG	F	0.33%
TDW	F	0.33%
S	C	0.32%
WIX	D	0.32%
KRNT	B	0.32%
ITCI	D	0.31%
CRS	B	0.3%
VERX	D	0.3%
KRYS	D	0.3%
POWL	C	0.3%
FN	D	0.3%
IRTC	F	0.3%
ALTR	C	0.29%
ESTC	F	0.29%
LASR	F	0.29%
POWI	F	0.29%
PRO	F	0.29%
CGNX	F	0.28%
LNTH	D	0.28%
CHEF	D	0.28%
EME	B	0.28%
KFY	B	0.28%
SAIA	D	0.28%
MSA	D	0.27%
ALSN	B	0.27%
SLAB	D	0.27%
BECN	D	0.27%
FIX	B	0.27%
VECO	F	0.26%
RXO	D	0.26%
MGNI	D	0.25%
RNA	C	0.24%
CUBI	F	0.24%
RBRK	D	0.24%
QLYS	F	0.23%
GNRC	D	0.23%
ENVX	F	0.23%
RMBS	F	0.22%
AMKR	F	0.22%
LSCC	D	0.21%
CNM	F	0.21%
MAX	C	0.21%
RXST	C	0.2%
LRN	B	0.2%
AMBA	C	0.2%
NTNX	C	0.2%
DNUT	D	0.19%
WFRD	F	0.19%
SITM	B	0.18%
FWRG	F	0.17%
RYTM	B	0.16%
QNST	B	0.15%
PODD	B	0.15%
ALKT	D	0.14%
CELH	F	0.1%
INSM	D	0.07%

MMSC Underweight 184 Positions Relative to IEDI

Symbol	Grade	Weight
CAR	F	-1.0%
SNA	C	-1.0%
PVH	F	-1.0%
MIDD	D	-1.0%
OXM	F	-1.0%
PK	D	-1.0%
BLD	D	-1.0%
DRVN	C	-1.0%
CLX	C	-1.0%
ZTS	C	-1.0%
VSTS	D	-1.0%
MKC	C	-1.0%
DDS	F	-1.0%
IPAR	F	-1.0%
UHAL	A	-1.0%
JACK	F	-1.0%
HOOD	C	-1.0%
CHE	C	-1.0%
TTWO	C	-1.0%
FOUR	C	-1.0%
OMC	B	-1.0%
GIS	B	-1.0%
PRKS	D	-1.0%
APLE	D	-1.0%
CBRL	D	-1.0%
MSM	D	-1.0%
TKO	B	-1.0%
AAL	D	-1.0%
BLMN	F	-1.0%
VAC	F	-1.0%
RHI	D	-1.0%
HGV	F	-1.0%
IAC	C	-1.0%
COTY	F	-1.0%
HON	D	-1.0%
MAT	C	-1.0%
INVH	C	-1.0%
SNAP	F	-1.0%
LYFT	D	-1.0%
MSGS	B	-1.0%
ROL	C	-1.0%
CAKE	C	-1.0%
GO	F	-1.0%
MTCH	C	-1.0%
COLM	C	-1.0%
AAP	F	-1.0%
UAL	C	-1.0%
TNL	D	-1.0%
LANC	D	-1.0%
RRR	D	-1.0%
ALK	C	-1.0%
FL	D	-1.0%
ETSY	F	-1.0%
KSS	F	-1.0%
RHP	C	-1.0%
DUOL	B	-1.0%
LNW	B	-1.0%
GME	F	-1.0%
FCFS	C	-1.0%
URBN	F	-1.0%
WBA	F	-1.0%
LULU	D	-1.0%
JWN	C	-1.0%
WEN	C	-1.0%
IPG	C	-1.0%
FLO	C	-1.0%
DHI	B	-1.0%
VICI	C	-1.0%
SIG	C	-1.0%
H	C	-1.0%
CRI	D	-1.0%
Z	B	-1.0%
CHH	C	-1.0%
WYNN	D	-1.0%
VVV	D	-1.0%
PH	B	-1.0%
VFC	C	-1.0%
W	D	-1.0%
BYD	C	-1.0%
SHOO	B	-1.0%
NFLX	B	-1.0%
SHAK	C	-1.0%
GPC	D	-1.0%
ABG	D	-1.0%
NCLH	C	-1.0%
CL	D	-1.0%
SCI	B	-1.0%
EAT	A	-1.0%
M	F	-1.0%
RL	C	-1.0%
CPRI	D	-1.0%
PINS	F	-1.0%
KTB	B	-1.0%
MAS	B	-1.0%
AN	D	-1.0%
CZR	C	-1.0%
TPX	C	-1.0%
SKX	D	-1.0%
HST	C	-1.0%
ARMK	B	-1.0%
MTN	D	-1.0%
RH	B	-1.0%
AAPL	C	-1.0%
TOL	B	-1.0%
LYV	B	-1.0%
FDX	C	-1.0%
ACI	F	-1.0%
GDDY	C	-1.0%
TSN	C	-1.0%
MGM	F	-1.0%
UPS	D	-1.0%
CCL	C	-1.0%
GAP	F	-1.0%
LUV	C	-1.0%
CROX	D	-1.0%
HRB	C	-1.0%
POOL	C	-1.0%
WH	B	-1.0%
MCK	F	-1.0%
PFGC	B	-1.0%
TPR	C	-1.0%
EBAY	B	-1.0%
FAST	C	-1.0%
BBWI	F	-1.0%
EXPE	C	-1.0%
GWW	B	-1.0%
USFD	B	-1.0%
MUSA	D	-1.0%
OLLI	C	-1.0%
CAVA	B	-1.0%
DKNG	C	-1.0%
PLNT	B	-1.0%
CHDN	C	-1.0%
BJ	D	-1.0%
DIS	D	-1.0%
BBY	C	-1.0%
STZ	D	-1.0%
PYPL	B	-1.0%
KMX	D	-1.0%
SYY	D	-1.0%
CPRT	D	-1.0%
FND	C	-1.0%
RCL	B	-1.0%
MA	B	-1.0%
ABNB	D	-1.0%
TXRH	C	-1.0%
SQ	D	-1.0%
DPZ	F	-1.0%
CASY	D	-1.0%
DLTR	F	-1.0%
INTU	C	-1.0%
FERG	D	-1.0%
DECK	C	-1.0%
DKS	D	-1.0%
META	B	-1.0%
PG	C	-1.0%
WSM	D	-1.0%
DG	F	-1.0%
BURL	B	-1.0%
DASH	C	-1.0%
DRI	B	-1.0%
V	C	-1.0%
YUM	D	-1.0%
ULTA	D	-1.0%
CTAS	B	-1.0%
KR	C	-1.0%
UBER	C	-1.0%
HLT	B	-1.0%
TSCO	C	-1.0%
MAR	C	-1.0%
NKE	D	-1.0%
AZO	D	-1.0%
MCD	B	-1.0%
SBUX	C	-1.0%
TGT	C	-1.0%
ROST	C	-1.0%
ORLY	C	-1.0%
CMG	C	-1.0%
LOW	B	-1.0%
TJX	B	-1.0%
AMZN	C	-1.0%
WMT	C	-1.0%
COST	B	-1.0%
HD	B	-1.0%