AFSM vs. BFOR ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Barron's 400 (BFOR)

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

$28.86

Average Daily Volume

5,633

Number of Holdings ^*

306

* may have additional holdings in another (foreign) market

BFOR

Barron's 400

BFOR Description

The investment seeks investment results that correspond generally, before fees and expenses, to the performance of the Barron's 400 Index (the "underlying index"). The underlying index is a rules-based index intended to give investors a means of tracking the overall performance of high performing equity securities of U.S. companies. The fund will invest at least 80% of its total assets in the equity securities which comprise the index. The underlying index's stocks are constituents of the MarketGrader U.S. Coverage Universe.

Grade (RS Rating)

Last Trade

$66.83

Average Daily Volume

2,228

Number of Holdings ^*

386

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	BFOR
30 Days	3.23%	1.57%
60 Days	2.37%	1.75%
90 Days	4.80%	5.96%
12 Months	28.97%	29.86%

80 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in BFOR	Overlap
AIT	C	0.1%	0.26%	0.1%
AMPH	F	0.61%	0.24%	0.24%
AMR	F	0.62%	0.21%	0.21%
ANF	B	0.85%	0.27%	0.27%
APAM	C	0.05%	0.24%	0.05%
APOG	A	0.34%	0.28%	0.28%
AROC	B	0.66%	0.27%	0.27%
ASO	F	0.1%	0.21%	0.1%
ATKR	D	0.71%	0.26%	0.26%
AYI	C	0.12%	0.25%	0.12%
BDC	B	0.56%	0.25%	0.25%
BKE	B	0.4%	0.25%	0.25%
BMI	A	0.61%	0.3%	0.3%
BRC	B	0.14%	0.26%	0.14%
BTU	F	0.42%	0.21%	0.21%
CAL	C	0.8%	0.25%	0.25%
CALM	D	0.55%	0.24%	0.24%
CASH	B	0.24%	0.26%	0.24%
CATY	C	0.25%	0.23%	0.23%
CHCO	B	0.51%	0.25%	0.25%
COKE	B	0.24%	0.26%	0.24%
CORT	B	0.28%	0.25%	0.25%
CPRX	C	0.67%	0.23%	0.23%
CRUS	A	0.05%	0.24%	0.05%
DDS	C	0.82%	0.27%	0.27%
DFH	D	0.21%	0.2%	0.2%
DNOW	D	0.33%	0.25%	0.25%
ELF	D	0.98%	0.21%	0.21%
EME	A	0.73%	0.29%	0.29%
ESGR	A	0.94%	0.25%	0.25%
FBP	A	0.39%	0.26%	0.26%
FIX	B	0.9%	0.28%	0.28%
FOR	D	0.11%	0.23%	0.11%
GES	C	0.06%	0.26%	0.06%
GMS	B	0.67%	0.26%	0.26%
GRBK	B	0.5%	0.27%	0.27%
HCC	C	1.01%	0.28%	0.28%
HRMY	F	0.39%	0.25%	0.25%
IBOC	A	0.32%	0.27%	0.27%
IDCC	B	0.55%	0.25%	0.25%
INSW	B	0.21%	0.27%	0.21%
JBI	D	0.06%	0.23%	0.06%
KAI	D	0.06%	0.22%	0.06%
LBRT	B	0.12%	0.26%	0.12%
LNTH	B	0.22%	0.3%	0.22%
LOPE	B	0.32%	0.26%	0.26%
LPG	B	0.7%	0.27%	0.27%
LRN	B	0.29%	0.29%	0.29%
MEDP	D	0.44%	0.24%	0.24%
MLI	A	0.71%	0.28%	0.28%
MOD	B	0.78%	0.31%	0.31%
NSSC	B	0.25%	0.28%	0.25%
NTB	A	0.59%	0.29%	0.29%
OFG	B	0.56%	0.26%	0.26%
OSIS	C	0.25%	0.25%	0.25%
OTTR	B	0.59%	0.27%	0.27%
PARR	F	0.19%	0.21%	0.19%
PFBC	A	0.86%	0.26%	0.26%
PLAB	B	0.54%	0.25%	0.25%
POWL	B	0.55%	0.26%	0.26%
PRDO	B	0.81%	0.34%	0.34%
PSN	D	0.3%	0.24%	0.24%
QLYS	F	0.38%	0.24%	0.24%
RMR	C	0.45%	0.25%	0.25%
SIG	D	0.56%	0.25%	0.25%
SLVM	C	0.65%	0.26%	0.26%
SMCI	D	0.76%	0.19%	0.19%
SSD	D	0.63%	0.22%	0.22%
STBA	B	0.45%	0.25%	0.25%
STRL	A	0.69%	0.24%	0.24%
TBBK	D	0.2%	0.22%	0.2%
TEX	C	0.56%	0.25%	0.25%
TNC	D	0.54%	0.24%	0.24%
TNET	D	0.05%	0.2%	0.05%
TNK	B	0.83%	0.28%	0.28%
TWI	F	0.34%	0.18%	0.18%
UFPT	B	0.64%	0.33%	0.33%
WFRD	C	0.78%	0.27%	0.27%
WNC	D	0.29%	0.21%	0.21%
YELP	D	0.1%	0.26%	0.1%

AFSM Overweight 226 Positions Relative to BFOR

Symbol	Grade	Weight
BCC	D	1.13%
ALKS	F	0.79%
MTG	B	0.77%
KBH	B	0.77%
MHO	C	0.68%
GNK	B	0.66%
ARCH	D	0.65%
TMHC	B	0.64%
MATX	B	0.63%
PLUS	B	0.63%
APPF	B	0.62%
YMAB	D	0.59%
PBF	F	0.59%
SANM	B	0.58%
EVER	B	0.56%
CNXN	C	0.55%
BRBR	C	0.55%
PRGS	F	0.55%
SKT	D	0.55%
BKU	B	0.54%
DFIN	C	0.53%
NHC	B	0.53%
CRVL	A	0.53%
MUSA	A	0.53%
HUBG	B	0.52%
RDN	C	0.5%
CEIX	C	0.5%
SKYW	B	0.5%
BXC	D	0.49%
OPCH	D	0.48%
LGND	B	0.48%
UVE	B	0.47%
TGNA	B	0.46%
FDP	F	0.46%
PRK	A	0.46%
BPMC	B	0.44%
NAVI	F	0.43%
WINA	C	0.43%
GMED	A	0.42%
HURN	F	0.42%
CCRN	F	0.42%
ASC	A	0.41%
EGBN	F	0.41%
ANIP	C	0.4%
VSH	C	0.39%
VNDA	B	0.39%
MD	F	0.38%
CWCO	D	0.38%
NSIT	A	0.37%
MTH	A	0.37%
ALRM	D	0.37%
PINC	F	0.37%
ONTO	B	0.37%
NTCT	F	0.37%
MRVI	C	0.36%
ODP	F	0.36%
SPNS	B	0.36%
CVLT	A	0.36%
M	D	0.35%
CRS	B	0.35%
CMC	B	0.35%
ADUS	A	0.35%
CADE	B	0.35%
INMD	F	0.35%
COOP	A	0.34%
UFPI	B	0.34%
GEO	C	0.34%
CTRE	C	0.34%
CBZ	C	0.33%
SCS	B	0.33%
IIPR	C	0.33%
AMRK	C	0.33%
WTS	B	0.32%
KOP	F	0.32%
ALE	B	0.32%
HIW	B	0.32%
ABG	C	0.32%
ANDE	D	0.31%
CVBF	C	0.31%
MCY	A	0.3%
HRB	A	0.3%
MOG.A	A	0.3%
TMDX	B	0.3%
STRA	B	0.3%
HLNE	C	0.3%
SFL	A	0.29%
NMIH	A	0.29%
RHP	D	0.29%
VRNS	D	0.29%
AMWD	D	0.29%
PRG	B	0.29%
HCI	D	0.29%
REZI	C	0.29%
VRNT	C	0.29%
KFY	C	0.28%
BKH	B	0.28%
HWKN	B	0.28%
ARCB	D	0.28%
AMKR	B	0.28%
ASTH	D	0.28%
CUZ	B	0.27%
MITK	B	0.27%
ETD	D	0.27%
NHI	A	0.27%
HAE	A	0.27%
HLX	B	0.26%
RAMP	F	0.26%
BELFB	B	0.26%
CRC	F	0.26%
SUPN	F	0.26%
DAKT	B	0.26%
PDM	B	0.26%
DHT	B	0.25%
SLG	B	0.25%
ACT	A	0.25%
SBRA	B	0.25%
RXST	B	0.24%
RMBS	D	0.24%
MOV	D	0.24%
DUOL	D	0.24%
HSII	C	0.24%
THFF	B	0.24%
ITCI	C	0.24%
HIMS	D	0.23%
PK	D	0.23%
WGO	D	0.23%
XRX	D	0.23%
RLI	A	0.23%
MAC	D	0.23%
UE	B	0.22%
KFRC	D	0.22%
SD	D	0.22%
MED	F	0.22%
AVNS	C	0.22%
KNSA	C	0.21%
IDYA	D	0.21%
DOLE	C	0.21%
CCS	D	0.21%
WABC	B	0.21%
IIIN	D	0.21%
HOV	B	0.2%
SITC	D	0.2%
PFS	B	0.2%
QTRX	F	0.2%
WMK	B	0.2%
CMPR	D	0.19%
STNG	B	0.19%
BASE	C	0.19%
EXTR	F	0.19%
KRC	D	0.19%
LMAT	A	0.18%
IRWD	F	0.17%
NUS	D	0.17%
INVA	B	0.17%
SIGA	C	0.17%
COHU	F	0.17%
PIPR	A	0.17%
IMXI	D	0.17%
TCMD	F	0.17%
BPOP	A	0.17%
VGR	C	0.17%
FWRD	F	0.16%
OSCR	B	0.16%
LQDA	D	0.16%
INTA	C	0.16%
IMKTA	F	0.16%
HDSN	F	0.16%
AXSM	D	0.16%
CHRD	B	0.15%
ASIX	F	0.15%
LXU	C	0.15%
OMI	F	0.14%
ALXO	C	0.14%
RYI	F	0.14%
MXL	F	0.14%
CECO	B	0.13%
CLSK	D	0.13%
NEO	B	0.11%
ROCK	D	0.1%
SPSC	B	0.1%
ALKT	B	0.1%
ACAD	F	0.09%
YEXT	F	0.09%
CRAI	A	0.08%
OPI	D	0.08%
CABA	F	0.08%
KRYS	D	0.08%
KN	B	0.08%
SFM	A	0.08%
ESNT	C	0.08%
CSGS	F	0.07%
AMN	F	0.07%
TPH	A	0.07%
KTB	B	0.07%
TGTX	C	0.07%
VCTR	C	0.07%
ATEN	B	0.06%
SQSP	A	0.06%
UNFI	F	0.06%
VSTO	B	0.06%
JWN	B	0.06%
EIG	D	0.06%
OVV	D	0.06%
BECN	C	0.06%
MLKN	D	0.05%
KSS	F	0.05%
ZEUS	F	0.05%
EOLS	D	0.05%
VCEL	B	0.05%
OGS	C	0.05%
FIBK	B	0.05%
GFF	C	0.05%
CTS	A	0.05%
SIBN	F	0.04%
TDC	F	0.04%
EMBC	D	0.04%
EGRX	F	0.04%
PHR	F	0.04%
DVAX	F	0.04%
INDB	C	0.04%
HVT	F	0.04%
EYPT	F	0.03%
VSCO	D	0.03%
SPTN	D	0.03%
GCO	D	0.03%
AKR	C	0.0%

AFSM Underweight 306 Positions Relative to BFOR

Symbol	Grade	Weight
IESC	A	-0.4%
VRT	B	-0.36%
VST	B	-0.35%
APP	B	-0.32%
SLCA	B	-0.32%
WSM	A	-0.32%
USLM	B	-0.31%
UAL	B	-0.31%
CPNG	C	-0.31%
THC	A	-0.31%
FCX	A	-0.31%
WIRE	C	-0.31%
GOOGL	B	-0.3%
CNM	A	-0.3%
TGLS	C	-0.3%
HIBB	A	-0.29%
WWD	A	-0.29%
THR	A	-0.29%
PRFT	B	-0.29%
AX	A	-0.29%
CMG	A	-0.29%
VRRM	A	-0.29%
BBW	C	-0.29%
BOOT	C	-0.29%
FSLR	B	-0.29%
SM	C	-0.28%
GDDY	A	-0.28%
GRNT	C	-0.28%
RCL	B	-0.28%
TXRH	A	-0.28%
IBKR	B	-0.28%
OC	A	-0.28%
FTDR	B	-0.28%
APH	A	-0.28%
GM	B	-0.28%
DKS	D	-0.28%
RMD	C	-0.28%
FCNCA	B	-0.28%
BOKF	A	-0.27%
ACGL	A	-0.27%
NVDA	B	-0.27%
TRGP	C	-0.27%
FCN	B	-0.27%
CASY	A	-0.27%
FSS	A	-0.27%
GPOR	D	-0.27%
MGY	B	-0.27%
TSCO	B	-0.27%
SYF	B	-0.27%
CBT	A	-0.27%
ESAB	B	-0.27%
PYPL	C	-0.27%
VLTO	A	-0.27%
OZK	B	-0.27%
MCB	B	-0.27%
AMZN	B	-0.27%
BSX	A	-0.27%
PEG	A	-0.27%
BSY	A	-0.27%
RGA	A	-0.27%
CTAS	A	-0.27%
XYL	A	-0.27%
FANG	B	-0.27%
BY	B	-0.27%
TPL	B	-0.27%
XOM	B	-0.27%
UTI	C	-0.27%
MSI	A	-0.26%
FITB	A	-0.26%
KO	A	-0.26%
CQP	D	-0.26%
HOMB	B	-0.26%
AMAT	C	-0.26%
OXM	B	-0.26%
BLDR	D	-0.26%
OSBC	B	-0.26%
SLM	B	-0.26%
MTB	A	-0.26%
BLD	C	-0.26%
UTHR	B	-0.26%
WTFC	B	-0.26%
AMAL	B	-0.26%
NYT	B	-0.26%
WES	A	-0.26%
IBP	D	-0.26%
CION	A	-0.26%
DY	A	-0.26%
NTAP	B	-0.26%
DCI	A	-0.26%
VLO	D	-0.26%
COST	A	-0.26%
WFC	A	-0.26%
AAPL	B	-0.26%
CL	A	-0.26%
WSFS	B	-0.26%
CHX	D	-0.26%
WMS	B	-0.26%
TW	B	-0.26%
FFBC	B	-0.26%
EXP	A	-0.26%
PHM	B	-0.26%
DOV	A	-0.26%
BCSF	A	-0.26%
QCOM	A	-0.26%
PANW	B	-0.26%
AGYS	B	-0.26%
WMB	A	-0.26%
AXP	A	-0.26%
MBIN	B	-0.26%
PEP	B	-0.26%
MBWM	B	-0.26%
TOL	B	-0.26%
ADP	C	-0.25%
TREX	D	-0.25%
ABNB	D	-0.25%
NFLX	C	-0.25%
AOS	C	-0.25%
EG	C	-0.25%
CINF	C	-0.25%
SRCE	B	-0.25%
HUBB	C	-0.25%
CROX	B	-0.25%
LEN	C	-0.25%
GOLF	C	-0.25%
EFSC	B	-0.25%
NBHC	B	-0.25%
MCO	A	-0.25%
ALSN	D	-0.25%
MPC	D	-0.25%
J	D	-0.25%
HAL	F	-0.25%
EPD	B	-0.25%
ISRG	C	-0.25%
VMC	B	-0.25%
DVA	C	-0.25%
IRMD	C	-0.25%
OSK	C	-0.25%
TJX	C	-0.25%
KKR	B	-0.25%
HIG	B	-0.25%
MPWR	B	-0.25%
LII	B	-0.25%
MLM	C	-0.25%
RF	B	-0.25%
EWBC	B	-0.25%
PCTY	D	-0.25%
QCRH	B	-0.25%
BKNG	B	-0.25%
MPLX	A	-0.25%
CHD	A	-0.25%
CNA	B	-0.25%
FCF	B	-0.25%
STLD	D	-0.25%
ECL	A	-0.25%
JPM	A	-0.25%
AVGO	C	-0.25%
NBIX	C	-0.25%
HY	B	-0.25%
BKR	D	-0.25%
L	A	-0.25%
CPRT	D	-0.25%
PNC	A	-0.25%
WST	D	-0.25%
APO	C	-0.25%
CAT	C	-0.25%
MSFT	C	-0.25%
ANET	B	-0.25%
SYBT	B	-0.25%
PH	A	-0.25%
GPC	C	-0.25%
PFC	B	-0.25%
ROL	A	-0.25%
URI	C	-0.25%
LPLA	C	-0.25%
ONB	A	-0.25%
MCHP	C	-0.25%
HBAN	A	-0.25%
AMK	D	-0.24%
EA	F	-0.24%
AAON	D	-0.24%
A	B	-0.24%
ALG	D	-0.24%
DECK	D	-0.24%
EBAY	D	-0.24%
SNPS	D	-0.24%
MA	D	-0.24%
GNTX	D	-0.24%
META	D	-0.24%
MGM	F	-0.24%
MDLZ	B	-0.24%
NOW	D	-0.24%
HP	F	-0.24%
V	C	-0.24%
DMLP	D	-0.24%
PSX	D	-0.24%
GWW	D	-0.24%
DXCM	D	-0.24%
PODD	D	-0.24%
VRTX	C	-0.24%
INTU	D	-0.24%
HESM	C	-0.24%
ACMR	D	-0.24%
INGR	A	-0.24%
CFR	D	-0.24%
STZ	C	-0.24%
AGM	D	-0.24%
CFB	C	-0.24%
VYGR	D	-0.24%
NVR	D	-0.24%
COLL	D	-0.24%
KEYS	D	-0.24%
BR	D	-0.24%
HSY	B	-0.24%
MTDR	D	-0.24%
PAYX	C	-0.24%
VC	C	-0.24%
HALO	B	-0.24%
BRO	B	-0.24%
DHI	D	-0.24%
GPK	C	-0.24%
GNE	F	-0.23%
DOX	F	-0.23%
MNST	D	-0.23%
CELH	C	-0.23%
RS	D	-0.23%
PCAR	D	-0.23%
NVEC	F	-0.23%
NKE	F	-0.23%
NUE	D	-0.23%
WRB	D	-0.23%
WDFC	D	-0.23%
CDNS	D	-0.23%
RL	D	-0.23%
IPG	D	-0.23%
CSCO	D	-0.23%
PKG	D	-0.23%
SNA	D	-0.23%
SYY	D	-0.23%
PEGA	D	-0.23%
WBS	D	-0.23%
PAYC	F	-0.23%
RPRX	F	-0.23%
JKHY	C	-0.23%
RNR	D	-0.23%
LMB	B	-0.23%
TROW	D	-0.23%
EXLS	C	-0.23%
G	D	-0.23%
IQV	D	-0.22%
CF	F	-0.22%
BURL	D	-0.22%
IBM	D	-0.22%
CMCSA	D	-0.22%
TFX	F	-0.22%
ZM	D	-0.22%
DOCS	F	-0.22%
ADBE	D	-0.22%
VEEV	D	-0.22%
INCY	F	-0.22%
NEU	D	-0.22%
LVS	D	-0.22%
GGG	D	-0.22%
LECO	D	-0.22%
FAST	D	-0.22%
CVI	F	-0.22%
CUBI	D	-0.22%
RES	F	-0.22%
SMLR	F	-0.22%
ZTS	D	-0.22%
ROST	D	-0.22%
FDS	D	-0.22%
HOG	D	-0.22%
SYK	D	-0.22%
ODFL	D	-0.21%
MANH	D	-0.21%
ADSK	D	-0.21%
TPR	D	-0.21%
MSCI	D	-0.21%
ZYXI	D	-0.21%
MOH	D	-0.21%
ON	F	-0.21%
DRI	F	-0.21%
HEES	D	-0.21%
PAX	F	-0.21%
CTSH	D	-0.21%
BYD	F	-0.21%
FFIV	D	-0.21%
IDXX	D	-0.21%
GILD	F	-0.21%
BLMN	F	-0.21%
BRKR	D	-0.2%
JAKK	F	-0.2%
NFE	F	-0.2%
JBL	D	-0.2%
UAA	F	-0.2%
BMY	F	-0.2%
FTNT	F	-0.2%
LW	D	-0.2%
KNSL	D	-0.19%
FOUR	D	-0.18%
ULTA	D	-0.18%
FIVE	F	-0.18%
ARCT	F	-0.18%
SAIA	F	-0.17%
SHLS	F	-0.17%
GL	F	-0.16%