AFSM vs. DEEP ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Roundhill Acquirers Deep Value ETF (DEEP)

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

DEEP

Roundhill Acquirers Deep Value ETF

DEEP Description

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the “index”). The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 20 of the most undervalued, fundamentally strong stocks drawn from the largest 500 stocks listed in the United States meeting certain liquidity thresholds. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.06

Average Daily Volume

3,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	DEEP
30 Days	7.72%	6.32%
60 Days	6.49%	3.84%
90 Days	6.95%	2.37%
12 Months	33.58%	13.43%

34 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in DEEP	Overlap
AMCX	C	0.1%	1.07%	0.1%
AMN	F	0.04%	0.52%	0.04%
ASC	F	0.19%	0.67%	0.19%
BKE	B	0.28%	1.09%	0.28%
BXC	B	0.54%	1.09%	0.54%
CCRN	F	0.26%	0.66%	0.26%
DFIN	D	0.46%	0.87%	0.46%
DHT	F	0.19%	0.99%	0.19%
ETD	C	0.04%	0.9%	0.04%
GIII	D	0.25%	0.96%	0.25%
HDSN	F	0.22%	0.72%	0.22%
HOV	D	0.17%	0.77%	0.17%
HSII	B	0.64%	1.18%	0.64%
IMKTA	C	0.22%	0.98%	0.22%
INMD	C	0.38%	1.06%	0.38%
INVA	D	0.11%	0.97%	0.11%
LPG	F	0.32%	0.78%	0.32%
MED	F	0.23%	0.97%	0.23%
METC	C	0.14%	1.18%	0.14%
MOV	C	0.13%	0.97%	0.13%
NUS	D	0.2%	0.99%	0.2%
NX	C	0.21%	1.06%	0.21%
ODP	F	0.29%	0.85%	0.29%
PFBC	B	0.87%	1.13%	0.87%
PLAB	C	0.43%	1.04%	0.43%
PRDO	B	0.47%	1.16%	0.47%
RMR	F	0.42%	0.88%	0.42%
RYI	C	0.03%	1.21%	0.03%
SBH	C	0.21%	1.02%	0.21%
SD	D	0.16%	0.95%	0.16%
SIGA	F	0.21%	0.72%	0.21%
SMP	B	0.22%	0.98%	0.22%
WGO	C	0.07%	1.02%	0.07%
WNC	C	0.38%	0.97%	0.38%

AFSM Overweight 261 Positions Relative to DEEP

Symbol	Grade	Weight
MLI	C	1.38%
SKYW	B	1.22%
NHC	C	1.2%
IDCC	A	1.17%
SFM	A	1.0%
CPRX	C	0.93%
ALKS	B	0.93%
CRS	A	0.87%
DAKT	B	0.86%
STRL	B	0.84%
ANF	C	0.82%
ZETA	D	0.81%
FIX	A	0.79%
EME	C	0.79%
MHO	D	0.78%
JXN	C	0.78%
CVLT	B	0.74%
MTG	C	0.73%
BCC	B	0.72%
CALM	A	0.72%
HALO	F	0.7%
UVE	B	0.7%
POWL	C	0.7%
TMHC	B	0.7%
TBBK	B	0.7%
RDN	C	0.7%
SANM	B	0.67%
CEIX	A	0.67%
MCY	A	0.65%
SLVM	B	0.65%
SLG	B	0.65%
AROC	B	0.64%
BMI	B	0.63%
COOP	B	0.63%
CRVL	A	0.62%
HWKN	B	0.61%
FDP	B	0.61%
GMED	A	0.61%
GMS	B	0.6%
REZI	A	0.6%
UFPT	B	0.6%
PLUS	F	0.59%
NTB	B	0.58%
PRK	B	0.58%
EGBN	B	0.57%
NHI	D	0.57%
CORT	B	0.57%
NMIH	D	0.56%
SUPN	C	0.56%
BTU	B	0.55%
TGNA	B	0.55%
OFG	B	0.54%
CHCO	B	0.54%
CVNA	B	0.53%
BELFB	C	0.53%
STBA	B	0.53%
DOLE	D	0.53%
KBH	D	0.52%
BRBR	A	0.52%
AMWD	C	0.52%
HIMS	B	0.51%
COKE	C	0.51%
MUSA	A	0.51%
GEO	B	0.51%
PI	D	0.5%
APPF	B	0.49%
WT	B	0.49%
ACT	D	0.49%
TEX	D	0.47%
CSWI	A	0.46%
PINC	B	0.46%
HRB	D	0.44%
DDS	B	0.44%
USLM	A	0.43%
LNTH	D	0.43%
WFRD	D	0.42%
IESC	B	0.41%
LGND	B	0.41%
YMAB	F	0.41%
EVER	F	0.41%
QTWO	A	0.4%
ADUS	D	0.4%
AMR	C	0.39%
BDC	B	0.39%
PRGS	A	0.38%
VRNT	C	0.38%
M	D	0.37%
RDNT	B	0.37%
YOU	D	0.37%
MATX	C	0.37%
SIG	B	0.37%
ANIP	F	0.37%
APOG	B	0.37%
TILE	B	0.37%
BPMC	C	0.36%
CRAI	B	0.36%
LOPE	B	0.36%
MD	B	0.36%
LRN	A	0.36%
HRMY	D	0.36%
CAL	D	0.36%
BLBD	D	0.36%
IIPR	D	0.36%
HIW	D	0.35%
CNXN	C	0.35%
CASH	A	0.35%
ESNT	D	0.34%
PDM	D	0.34%
MOG.A	B	0.34%
TRMK	B	0.34%
MTH	D	0.34%
CMC	B	0.33%
FBP	B	0.33%
ATKR	C	0.33%
PBF	D	0.32%
ATGE	B	0.32%
PFS	B	0.32%
CUZ	B	0.31%
SCS	C	0.31%
IBOC	A	0.31%
SPNS	F	0.3%
TWI	F	0.3%
DXC	B	0.3%
CNK	B	0.3%
GRBK	D	0.3%
RXST	F	0.3%
BHE	B	0.29%
AKR	B	0.29%
CRDO	B	0.29%
DNOW	B	0.29%
HURN	B	0.29%
SBRA	C	0.29%
TCMD	A	0.29%
ADMA	B	0.28%
VIRT	B	0.28%
PHIN	A	0.28%
ASO	F	0.28%
HUBG	A	0.28%
THFF	B	0.28%
AZZ	B	0.27%
MEDP	D	0.27%
AVNS	F	0.27%
SXC	A	0.27%
ITCI	C	0.27%
HCC	B	0.27%
BNL	D	0.27%
PSN	D	0.27%
ABG	B	0.26%
INTA	A	0.26%
BKU	A	0.26%
PRG	C	0.26%
VRNS	D	0.26%
HCI	C	0.26%
BKH	A	0.26%
PIPR	B	0.25%
GNK	D	0.25%
AGX	B	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
VNDA	C	0.23%
NTCT	C	0.23%
LMAT	A	0.23%
HLX	B	0.22%
AMKR	D	0.21%
TMDX	F	0.21%
VCTR	B	0.21%
EXTR	B	0.21%
WABC	B	0.21%
PK	B	0.2%
BLFS	C	0.2%
ENS	D	0.2%
KRC	C	0.2%
CMPR	D	0.2%
INSW	F	0.2%
SGBX	F	0.19%
ONTO	D	0.19%
ASGN	F	0.19%
NSSC	D	0.19%
TARS	B	0.19%
UCTT	D	0.18%
TPC	C	0.18%
TNC	D	0.18%
GOGL	F	0.18%
NAVI	C	0.18%
TGTX	B	0.17%
NVST	B	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
BRC	D	0.16%
KELYA	F	0.16%
XRX	F	0.16%
HY	D	0.16%
HROW	D	0.16%
VSH	D	0.16%
SCSC	B	0.15%
SCVL	F	0.15%
GES	F	0.15%
STNG	F	0.15%
AIT	A	0.14%
NECB	B	0.14%
ALRM	C	0.14%
MRVI	F	0.14%
AYI	B	0.14%
EIG	B	0.13%
TWST	D	0.13%
CWCO	C	0.13%
PCRX	C	0.13%
CSGS	B	0.13%
CECO	A	0.12%
CLW	F	0.12%
ALKT	B	0.12%
OSCR	D	0.11%
YEXT	A	0.11%
CHRD	D	0.11%
CGEM	F	0.11%
RAMP	C	0.1%
GFF	A	0.1%
ASTH	D	0.1%
SPSC	C	0.09%
MAX	F	0.09%
MLKN	D	0.08%
KRYS	B	0.08%
KTB	B	0.08%
ATLO	D	0.07%
TPH	D	0.07%
PEBK	B	0.07%
CTRE	D	0.07%
FTDR	A	0.06%
APAM	B	0.06%
CTS	C	0.06%
GRND	A	0.06%
JWN	C	0.06%
OMI	F	0.06%
KSS	F	0.06%
SWX	B	0.05%
REVG	B	0.05%
OGS	A	0.05%
AMPH	D	0.05%
NSIT	F	0.05%
ATEN	B	0.05%
HE	C	0.04%
TDC	D	0.04%
SEMR	B	0.04%
PHR	F	0.04%
FORM	D	0.04%
EOLS	D	0.04%
ANDE	D	0.04%
OTTR	C	0.04%
COLL	F	0.04%
PGNY	F	0.03%
JBI	F	0.03%
VITL	D	0.03%
SWI	B	0.03%
EMBC	C	0.03%
LBRT	D	0.03%
ACLS	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 62 Positions Relative to DEEP

Symbol	Grade	Weight
SMLR	B	-1.87%
IGIC	B	-1.29%
BMRC	B	-1.25%
PGC	C	-1.25%
ARCH	B	-1.24%
NATR	C	-1.15%
HCKT	B	-1.14%
MCFT	B	-1.13%
BSIG	A	-1.13%
RCMT	C	-1.13%
NRP	B	-1.12%
TTEC	F	-1.12%
BBW	B	-1.11%
BHLB	B	-1.1%
GPRK	C	-1.1%
VSTO	A	-1.1%
VBTX	B	-1.1%
PLPC	B	-1.09%
DXLG	F	-1.08%
HELE	C	-1.08%
HLF	C	-1.07%
EPM	A	-1.06%
UPBD	B	-1.05%
DMLP	A	-1.05%
DAC	B	-1.04%
MBUU	C	-1.03%
XPEL	C	-1.03%
HTBK	A	-1.03%
DHIL	A	-1.03%
AMPY	C	-1.02%
UAN	B	-1.02%
ITRN	B	-1.02%
WINA	B	-1.02%
OFLX	D	-1.02%
LPRO	C	-1.01%
WLKP	A	-0.99%
UTMD	F	-0.98%
USNA	C	-0.98%
WTI	F	-0.97%
NVEC	C	-0.96%
SWBI	C	-0.95%
TH	C	-0.94%
KFRC	D	-0.93%
IIIN	C	-0.92%
WRLD	C	-0.92%
FF	D	-0.92%
PARR	D	-0.92%
RGR	F	-0.91%
IRWD	F	-0.9%
LESL	C	-0.9%
RMAX	C	-0.89%
LEGH	D	-0.89%
JOUT	D	-0.87%
NRC	F	-0.86%
JBSS	D	-0.85%
RGP	F	-0.84%
HZO	D	-0.83%
GIC	D	-0.82%
HVT	D	-0.79%
MYE	F	-0.79%
CRCT	F	-0.78%
CLFD	D	-0.74%