MMSC vs. IWP ETF Comparison

Comparison of First Trust Multi-Manager Small (MMSC) to iShares Russell Midcap Growth ETF (IWP)

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

$18.91

Average Daily Volume

12,764

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$108.35

Average Daily Volume

950,825

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

Performance

Period	MMSC	IWP
30 Days	3.16%	3.98%
60 Days	-2.26%	-2.55%
90 Days	-0.59%	-0.11%
12 Months	17.45%	14.17%

45 Overlapping Holdings

Symbol	Grade	Weight in MMSC	Weight in IWP	Overlap
AAON	C	0.95%	1.0%	0.95%
APPF	D	0.42%	1.0%	0.42%
AXON	B	1.95%	1.0%	1.0%
AZEK	D	0.43%	1.0%	0.43%
BFAM	B	0.92%	1.0%	0.92%
BROS	D	0.43%	1.0%	0.43%
CELH	F	0.12%	1.0%	0.12%
CGNX	D	0.28%	1.0%	0.28%
CNM	F	0.25%	1.0%	0.25%
CVNA	C	0.71%	1.0%	0.71%
ELF	F	0.38%	1.0%	0.38%
EME	C	0.28%	1.0%	0.28%
ESTC	F	0.29%	1.0%	0.29%
EXEL	B	0.69%	1.0%	0.69%
FIVE	F	0.22%	1.0%	0.22%
FIX	C	0.29%	1.0%	0.29%
FRPT	B	0.81%	1.0%	0.81%
GLOB	C	0.39%	1.0%	0.39%
GNRC	C	0.24%	1.0%	0.24%
GWRE	A	0.67%	1.0%	0.67%
HEI	B	0.66%	1.0%	0.66%
HEI	B	0.66%	1.0%	0.66%
ITCI	C	0.3%	1.0%	0.3%
KNSL	B	0.5%	1.0%	0.5%
LOPE	D	0.02%	1.0%	0.02%
LSCC	F	0.22%	1.0%	0.22%
MANH	B	0.97%	1.0%	0.97%
MEDP	D	0.45%	1.0%	0.45%
NTNX	A	0.2%	1.0%	0.2%
NTRA	B	0.68%	1.0%	0.68%
ONTO	D	1.25%	1.0%	1.0%
PODD	A	0.13%	1.0%	0.13%
PSTG	F	0.34%	1.0%	0.34%
RARE	B	0.51%	1.0%	0.51%
RGEN	C	0.52%	1.0%	0.52%
RYAN	B	0.74%	1.0%	0.74%
S	D	0.33%	1.0%	0.33%
SAIA	D	0.24%	1.0%	0.24%
SITE	C	0.53%	1.0%	0.53%
TOST	D	0.24%	1.0%	0.24%
TREX	F	0.42%	1.0%	0.42%
TTEK	B	0.72%	1.0%	0.72%
VRT	F	0.41%	1.0%	0.41%
WFRD	F	0.22%	1.0%	0.22%
WING	C	1.17%	1.0%	1.0%

MMSC Overweight 135 Positions Relative to IWP

Symbol	Grade	Weight
CYBR	C	1.83%
TMDX	C	1.39%
BRBR	A	1.34%
CRNX	C	1.33%
VRNS	C	1.27%
PLMR	B	1.21%
FTI	D	1.06%
AVAV	B	1.02%
PCVX	A	0.97%
SPSC	D	0.97%
GKOS	B	0.92%
SGBX	F	0.9%
KTOS	C	0.89%
MOD	C	0.87%
COHR	C	0.82%
HQY	D	0.81%
EZPW	B	0.8%
RBC	C	0.8%
HALO	B	0.79%
XENE	D	0.76%
CW	B	0.75%
MNDY	C	0.75%
FCN	C	0.74%
MMS	C	0.7%
TNDM	B	0.69%
ACHC	B	0.69%
LGND	B	0.68%
CRDO	C	0.68%
CWAN	B	0.67%
FSS	D	0.67%
SFM	B	0.64%
SUPN	B	0.64%
ICFI	B	0.64%
IBP	D	0.62%
ECPG	C	0.62%
MGY	D	0.61%
KNF	C	0.6%
ERJ	A	0.6%
BCPC	C	0.6%
VIRT	A	0.58%
TENB	D	0.56%
CR	C	0.56%
MKTX	A	0.55%
PSN	B	0.55%
VSEC	C	0.53%
SKY	B	0.52%
PZZA	C	0.51%
PIPR	B	0.51%
MEG	F	0.51%
KMPR	C	0.5%
ENV	B	0.49%
ITGR	A	0.49%
ASPN	C	0.48%
ATI	C	0.48%
GMED	C	0.47%
SMTC	B	0.47%
SWN	F	0.47%
RVLV	B	0.46%
LTH	B	0.46%
HUBG	B	0.45%
ICLR	D	0.43%
MTSI	D	0.42%
TECH	D	0.42%
AIT	C	0.42%
ESI	D	0.42%
CVLT	B	0.42%
WAL	B	0.41%
WHD	C	0.41%
KYMR	B	0.41%
EVR	B	0.4%
NUVL	A	0.4%
TDW	F	0.4%
NEOG	D	0.4%
AZTA	F	0.4%
BPMC	F	0.39%
UEC	F	0.39%
ITRI	D	0.39%
STRL	C	0.38%
INTA	B	0.38%
MRUS	D	0.38%
LNN	D	0.37%
BLFS	B	0.37%
ANF	D	0.36%
HSTM	C	0.35%
OSCR	B	0.35%
SDGR	F	0.34%
SKWD	A	0.34%
BMI	C	0.34%
MOG.A	C	0.34%
HCI	A	0.34%
PRO	F	0.33%
WIX	C	0.33%
FN	C	0.33%
AMRC	B	0.32%
POWI	F	0.32%
LASR	F	0.31%
KRYS	D	0.3%
CRS	B	0.3%
VECO	F	0.3%
POWL	C	0.3%
VERX	C	0.3%
SLAB	D	0.29%
ALTR	D	0.29%
ASO	C	0.29%
BECN	D	0.29%
KFY	C	0.28%
IRTC	F	0.28%
LNTH	C	0.28%
CHEF	B	0.28%
MSA	D	0.27%
ALSN	B	0.27%
RXO	D	0.27%
LAD	C	0.26%
KRNT	B	0.26%
ENVX	F	0.25%
MGNI	D	0.25%
RBRK	D	0.25%
AEO	D	0.24%
AMKR	F	0.24%
RNA	D	0.24%
CUBI	F	0.24%
RMBS	F	0.23%
QLYS	F	0.22%
AMBA	D	0.22%
MAX	B	0.21%
RXST	B	0.2%
BOOT	B	0.2%
LRN	B	0.2%
FWRG	D	0.18%
SITM	C	0.18%
DNUT	C	0.17%
ALKT	C	0.16%
RYTM	A	0.15%
QNST	B	0.14%
INSM	C	0.07%

MMSC Underweight 241 Positions Relative to IWP

Symbol	Grade	Weight
ALAB	F	-1.0%
FTRE	F	-1.0%
TRIP	F	-1.0%
PYCR	C	-1.0%
PPC	B	-1.0%
CC	F	-1.0%
LBRDA	C	-1.0%
UHAL	B	-1.0%
SEE	D	-1.0%
IRDM	D	-1.0%
MSGS	B	-1.0%
DOCS	B	-1.0%
UI	B	-1.0%
RLI	B	-1.0%
NFE	F	-1.0%
MKSI	F	-1.0%
MTDR	F	-1.0%
CAR	F	-1.0%
SPR	D	-1.0%
WU	C	-1.0%
SAM	D	-1.0%
AAL	C	-1.0%
WH	A	-1.0%
WYNN	D	-1.0%
FWONA	C	-1.0%
UWMC	B	-1.0%
DJT	F	-1.0%
SSD	D	-1.0%
EPAM	C	-1.0%
INCY	C	-1.0%
HLI	B	-1.0%
BPOP	B	-1.0%
RH	F	-1.0%
LOAR	B	-1.0%
WEX	C	-1.0%
KBR	C	-1.0%
SKX	B	-1.0%
DAY	C	-1.0%
CHE	C	-1.0%
KMX	C	-1.0%
BLD	D	-1.0%
H	C	-1.0%
YETI	D	-1.0%
JBL	F	-1.0%
TPG	B	-1.0%
VRSN	C	-1.0%
TRU	B	-1.0%
DKS	C	-1.0%
MSTR	F	-1.0%
SOFI	D	-1.0%
EQT	D	-1.0%
VNOM	B	-1.0%
ROKU	C	-1.0%
TKO	B	-1.0%
SN	A	-1.0%
BILL	C	-1.0%
WEN	C	-1.0%
CROX	C	-1.0%
ALLY	C	-1.0%
NCNO	D	-1.0%
DV	F	-1.0%
CIVI	F	-1.0%
PFGC	B	-1.0%
TXG	D	-1.0%
LBRDK	C	-1.0%
HRB	B	-1.0%
MLM	D	-1.0%
CLF	F	-1.0%
DBX	D	-1.0%
BWXT	C	-1.0%
PR	D	-1.0%
AWI	C	-1.0%
BLDR	C	-1.0%
AM	C	-1.0%
NXST	D	-1.0%
WSC	D	-1.0%
TWLO	D	-1.0%
FIVN	F	-1.0%
CACC	F	-1.0%
U	D	-1.0%
HWM	B	-1.0%
RNG	D	-1.0%
CASY	C	-1.0%
HCP	B	-1.0%
MASI	D	-1.0%
CSL	C	-1.0%
FERG	D	-1.0%
LECO	F	-1.0%
TDC	F	-1.0%
LAMR	B	-1.0%
EG	B	-1.0%
ROK	D	-1.0%
LYFT	F	-1.0%
EXPD	D	-1.0%
LW	D	-1.0%
UHAL	B	-1.0%
JEF	B	-1.0%
CHH	C	-1.0%
PEGA	B	-1.0%
RPM	A	-1.0%
CE	F	-1.0%
GEHC	B	-1.0%
WMS	D	-1.0%
ZBRA	C	-1.0%
JLL	B	-1.0%
PLNT	A	-1.0%
FND	C	-1.0%
HSY	A	-1.0%
APLS	C	-1.0%
LPX	B	-1.0%
ETSY	F	-1.0%
PATH	D	-1.0%
BRKR	C	-1.0%
EXAS	B	-1.0%
AJG	A	-1.0%
OLED	D	-1.0%
FOUR	B	-1.0%
MKL	C	-1.0%
CFLT	F	-1.0%
LAZ	B	-1.0%
DPZ	D	-1.0%
PAYC	D	-1.0%
IQV	B	-1.0%
OKTA	F	-1.0%
VVV	D	-1.0%
TW	B	-1.0%
FWONK	C	-1.0%
FDS	C	-1.0%
VKTX	C	-1.0%
PCOR	F	-1.0%
INSP	A	-1.0%
MTN	C	-1.0%
EXP	B	-1.0%
SMAR	A	-1.0%
IONS	D	-1.0%
GTLB	C	-1.0%
AVY	B	-1.0%
PCTY	C	-1.0%
BSY	D	-1.0%
NRG	C	-1.0%
NCLH	D	-1.0%
EFX	B	-1.0%
DVA	B	-1.0%
PEN	C	-1.0%
ALL	B	-1.0%
DUOL	B	-1.0%
VMC	D	-1.0%
HPQ	D	-1.0%
HAS	B	-1.0%
OWL	D	-1.0%
MORN	C	-1.0%
TPX	D	-1.0%
CAVA	B	-1.0%
CHDN	D	-1.0%
MUSA	B	-1.0%
WSM	D	-1.0%
LNW	B	-1.0%
RMD	A	-1.0%
DRI	A	-1.0%
ALGN	F	-1.0%
NTAP	D	-1.0%
TXRH	D	-1.0%
BRO	A	-1.0%
PWR	C	-1.0%
URI	C	-1.0%
EQH	C	-1.0%
DOCU	A	-1.0%
ROST	B	-1.0%
XPO	D	-1.0%
WAT	B	-1.0%
NBIX	D	-1.0%
MOH	C	-1.0%
PTC	D	-1.0%
SRPT	D	-1.0%
VLTO	B	-1.0%
POOL	C	-1.0%
DT	A	-1.0%
RCL	C	-1.0%
WST	D	-1.0%
SPG	B	-1.0%
ROL	B	-1.0%
LVS	D	-1.0%
CDW	D	-1.0%
YUM	B	-1.0%
ENPH	D	-1.0%
ZS	F	-1.0%
LYV	D	-1.0%
TPL	C	-1.0%
PAYX	B	-1.0%
ULTA	D	-1.0%
SQ	D	-1.0%
DKNG	D	-1.0%
LPLA	D	-1.0%
CAH	A	-1.0%
ENTG	D	-1.0%
BURL	B	-1.0%
EXPE	C	-1.0%
TER	D	-1.0%
LII	C	-1.0%
IRM	B	-1.0%
PINS	F	-1.0%
MDB	C	-1.0%
BAH	B	-1.0%
CLX	A	-1.0%
SMCI	F	-1.0%
TYL	A	-1.0%
CPAY	B	-1.0%
LNG	B	-1.0%
GDDY	C	-1.0%
RBLX	B	-1.0%
DECK	C	-1.0%
BR	C	-1.0%
APP	B	-1.0%
HES	F	-1.0%
NET	F	-1.0%
SYY	A	-1.0%
HUBS	F	-1.0%
ARES	C	-1.0%
MSCI	B	-1.0%
VST	C	-1.0%
COIN	F	-1.0%
CPNG	B	-1.0%
HLT	C	-1.0%
DXCM	F	-1.0%
ALNY	C	-1.0%
TSCO	B	-1.0%
FAST	D	-1.0%
VEEV	A	-1.0%
DDOG	D	-1.0%
TRGP	A	-1.0%
GWW	C	-1.0%
FICO	A	-1.0%
IT	B	-1.0%
ODFL	D	-1.0%
IDXX	D	-1.0%
VRSK	C	-1.0%
MPWR	C	-1.0%
COR	B	-1.0%
AMP	B	-1.0%
TTD	B	-1.0%
PLTR	B	-1.0%