AFSM vs. HSMV ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	HSMV
30 Days	7.72%	4.88%
60 Days	6.49%	5.46%
90 Days	6.95%	6.96%
12 Months	33.58%	27.49%

14 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in HSMV	Overlap
BKH	A	0.28%	0.9%	0.28%
COOP	B	0.64%	0.35%	0.35%
CTRE	D	0.08%	1.54%	0.08%
ESNT	D	0.35%	0.67%	0.35%
HRB	D	0.43%	0.26%	0.26%
IDCC	A	1.19%	0.77%	0.77%
LOPE	B	0.36%	0.74%	0.36%
MTG	C	0.76%	0.55%	0.55%
MUSA	A	0.54%	0.47%	0.47%
NMIH	D	0.58%	0.55%	0.55%
OGS	A	0.05%	0.72%	0.05%
PRGS	A	0.39%	0.58%	0.39%
RDN	C	0.72%	0.4%	0.4%
SBRA	C	0.29%	0.55%	0.29%

AFSM Overweight 281 Positions Relative to HSMV

Symbol	Grade	Weight
MLI	C	1.38%
SKYW	B	1.22%
NHC	C	1.15%
SFM	A	1.03%
CRS	A	0.93%
ALKS	B	0.91%
CPRX	C	0.88%
PFBC	B	0.88%
STRL	B	0.86%
DAKT	B	0.85%
ANF	C	0.84%
FIX	A	0.84%
EME	C	0.82%
CALM	A	0.78%
CVLT	B	0.77%
MHO	D	0.76%
JXN	C	0.72%
BCC	B	0.72%
UVE	B	0.72%
TMHC	B	0.7%
AROC	B	0.69%
TBBK	B	0.69%
CEIX	A	0.68%
MCY	A	0.67%
REZI	A	0.66%
SANM	B	0.65%
SLG	B	0.65%
GMED	A	0.65%
HWKN	B	0.64%
HSII	B	0.63%
FDP	B	0.63%
BMI	B	0.63%
CRVL	A	0.63%
SLVM	B	0.62%
GMS	B	0.6%
PRK	B	0.59%
NTB	B	0.59%
SUPN	C	0.58%
NHI	D	0.57%
GEO	B	0.57%
BRBR	A	0.57%
CORT	B	0.57%
EGBN	B	0.56%
TGNA	B	0.56%
POWL	C	0.55%
BTU	B	0.55%
HALO	F	0.55%
WT	B	0.55%
BXC	B	0.55%
UFPT	B	0.55%
ZETA	D	0.54%
STBA	B	0.54%
CVNA	B	0.54%
COKE	C	0.54%
OFG	B	0.54%
CHCO	B	0.54%
APPF	B	0.51%
ACT	D	0.51%
PRDO	B	0.51%
PLUS	F	0.51%
KBH	D	0.51%
BELFB	C	0.51%
DOLE	D	0.5%
DDS	B	0.5%
AMWD	C	0.5%
PI	D	0.49%
PINC	B	0.47%
LNTH	D	0.47%
CSWI	A	0.47%
TEX	D	0.46%
DFIN	D	0.45%
USLM	A	0.44%
AMR	C	0.42%
QTWO	A	0.42%
HIMS	B	0.42%
PLAB	C	0.42%
ADUS	D	0.4%
WFRD	D	0.4%
RMR	F	0.4%
SIG	B	0.39%
IESC	B	0.39%
TILE	B	0.39%
LGND	B	0.39%
BDC	B	0.39%
EVER	F	0.39%
INMD	C	0.38%
VRNT	C	0.38%
LRN	A	0.38%
RDNT	B	0.37%
WNC	C	0.37%
YOU	D	0.37%
IIPR	D	0.37%
CASH	A	0.36%
BLBD	D	0.36%
CAL	D	0.36%
M	D	0.36%
APOG	B	0.36%
HIW	D	0.35%
HRMY	D	0.35%
ANIP	F	0.35%
CNXN	C	0.35%
BPMC	C	0.35%
CRAI	B	0.35%
MATX	C	0.35%
TRMK	B	0.34%
MTH	D	0.34%
PBF	D	0.34%
MD	B	0.34%
MOG.A	B	0.34%
CMC	B	0.33%
FBP	B	0.33%
PFS	B	0.32%
LPG	F	0.32%
ATGE	B	0.32%
CNK	B	0.32%
PDM	D	0.32%
YMAB	F	0.31%
ATKR	C	0.31%
RXST	F	0.31%
SCS	C	0.31%
CUZ	B	0.31%
IBOC	A	0.31%
ODP	F	0.3%
TCMD	A	0.3%
DNOW	B	0.3%
VIRT	B	0.3%
AKR	B	0.3%
GRBK	D	0.3%
BKE	B	0.3%
THFF	B	0.29%
PHIN	A	0.29%
SPNS	F	0.29%
DXC	B	0.29%
HUBG	A	0.29%
ADMA	B	0.28%
BHE	B	0.28%
BNL	D	0.28%
HCC	B	0.28%
CRDO	B	0.28%
TWI	F	0.28%
SXC	A	0.28%
HURN	B	0.28%
AZZ	B	0.28%
ITCI	C	0.27%
BKU	A	0.27%
CCRN	F	0.26%
HCI	C	0.26%
ASO	F	0.26%
INTA	A	0.26%
VRNS	D	0.26%
PRG	C	0.26%
GIII	D	0.25%
AGX	B	0.25%
MEDP	D	0.25%
GNK	D	0.25%
ABG	B	0.25%
PIPR	B	0.25%
PRM	C	0.25%
HDSN	F	0.24%
PSN	D	0.24%
AVNS	F	0.24%
LMAT	A	0.24%
MED	F	0.23%
NTCT	C	0.23%
HLX	B	0.23%
SMP	B	0.22%
IMKTA	C	0.22%
HAE	C	0.22%
VNDA	C	0.22%
NUS	D	0.22%
KN	B	0.22%
SBH	C	0.22%
NX	C	0.21%
VCTR	B	0.21%
INSW	F	0.21%
WABC	B	0.21%
KRC	C	0.2%
BLFS	C	0.2%
ENS	D	0.2%
PK	B	0.2%
DHT	F	0.2%
AMKR	D	0.2%
EXTR	B	0.2%
CMPR	D	0.2%
ASC	F	0.2%
NAVI	C	0.19%
UCTT	D	0.19%
SGBX	F	0.19%
GOGL	F	0.19%
AXSM	B	0.19%
TMDX	F	0.19%
NSSC	D	0.19%
TARS	B	0.19%
TPC	C	0.18%
TNC	D	0.18%
TGTX	B	0.18%
ONTO	D	0.18%
SIGA	F	0.18%
HOV	D	0.17%
SD	D	0.17%
HY	D	0.17%
ASGN	F	0.17%
NVST	B	0.17%
XRX	F	0.16%
STNG	F	0.16%
ADNT	F	0.16%
METC	C	0.15%
GES	F	0.15%
SCSC	B	0.15%
VSH	D	0.15%
BRC	D	0.15%
SCVL	F	0.14%
AIT	A	0.14%
CSGS	B	0.14%
HROW	D	0.14%
OSCR	D	0.14%
CWCO	C	0.14%
AYI	B	0.14%
NECB	B	0.14%
CECO	A	0.14%
ALRM	C	0.14%
KELYA	F	0.14%
EIG	B	0.13%
MOV	C	0.13%
ALKT	B	0.13%
PCRX	C	0.13%
GFF	A	0.12%
TWST	D	0.12%
CLW	F	0.12%
MRVI	F	0.12%
YEXT	A	0.11%
INVA	D	0.11%
AMCX	C	0.11%
CHRD	D	0.11%
MAX	F	0.1%
ASTH	D	0.1%
RAMP	C	0.1%
CGEM	F	0.09%
SPSC	C	0.09%
MLKN	D	0.08%
PEBK	B	0.08%
KRYS	B	0.08%
KTB	B	0.08%
ATLO	D	0.07%
TPH	D	0.07%
WGO	C	0.07%
APAM	B	0.06%
FTDR	A	0.06%
GRND	A	0.06%
KSS	F	0.06%
JWN	C	0.06%
ANDE	D	0.05%
OTTR	C	0.05%
AMPH	D	0.05%
NSIT	F	0.05%
REVG	B	0.05%
SWX	B	0.05%
ATEN	B	0.05%
CTS	C	0.05%
OMI	F	0.05%
LBRT	D	0.04%
AMN	F	0.04%
PHR	F	0.04%
FORM	D	0.04%
TDC	D	0.04%
ETD	C	0.04%
HE	C	0.04%
SEMR	B	0.04%
COLL	F	0.04%
EOLS	D	0.04%
JBI	F	0.03%
VITL	D	0.03%
EMBC	C	0.03%
RYI	C	0.03%
SWI	B	0.03%
ACLS	F	0.02%
PGNY	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 133 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	B	-2.09%
DTM	B	-2.06%
SEIC	B	-1.89%
ORI	A	-1.76%
IDA	A	-1.65%
INGR	B	-1.65%
OGE	B	-1.59%
POST	C	-1.56%
RLI	B	-1.42%
MSGS	A	-1.4%
ADC	B	-1.34%
DCI	B	-1.33%
CACI	D	-1.29%
FHI	A	-1.26%
AMH	D	-1.24%
NJR	A	-1.24%
AM	A	-1.21%
NFG	A	-1.18%
FLO	D	-1.17%
CHE	D	-1.16%
NWE	B	-1.13%
OHI	C	-1.08%
AFG	A	-1.08%
POR	C	-1.07%
GGG	B	-1.06%
NNN	D	-1.01%
GNTX	C	-0.99%
GLPI	C	-0.99%
NYT	C	-0.95%
EHC	B	-0.9%
MMS	F	-0.89%
FCPT	C	-0.86%
DLB	B	-0.85%
CBSH	A	-0.83%
ELS	C	-0.81%
MSA	D	-0.8%
EPR	D	-0.79%
PRI	A	-0.78%
AVA	A	-0.76%
LSTR	D	-0.76%
PBH	A	-0.76%
EFC	C	-0.76%
KBR	F	-0.75%
PECO	A	-0.74%
ENSG	D	-0.73%
AWR	B	-0.72%
SF	B	-0.72%
RPM	A	-0.68%
SLGN	A	-0.68%
RNR	C	-0.67%
CPK	A	-0.67%
CW	B	-0.67%
RGA	A	-0.67%
AGO	B	-0.67%
JHG	A	-0.66%
EPRT	B	-0.65%
MDU	D	-0.64%
AMG	B	-0.63%
CDP	C	-0.63%
EGP	F	-0.63%
SCI	B	-0.62%
ACM	A	-0.57%
FELE	B	-0.56%
GATX	A	-0.56%
CHH	A	-0.56%
COLM	B	-0.55%
RS	B	-0.54%
BCPC	B	-0.53%
FLS	B	-0.52%
CWT	D	-0.51%
FNF	B	-0.51%
EPC	D	-0.49%
AVT	C	-0.49%
FCN	D	-0.49%
BRX	A	-0.48%
BWXT	B	-0.48%
LANC	C	-0.46%
JEF	A	-0.46%
PFGC	B	-0.45%
FR	C	-0.45%
CHDN	B	-0.45%
ARW	D	-0.45%
PB	A	-0.45%
CNO	A	-0.44%
MSM	C	-0.44%
LAMR	D	-0.43%
ENR	B	-0.43%
RYN	D	-0.42%
BLKB	B	-0.41%
FAF	A	-0.4%
FNB	A	-0.38%
ITT	A	-0.38%
CLH	B	-0.38%
EXEL	B	-0.38%
ASH	D	-0.36%
GPK	C	-0.36%
ABM	B	-0.36%
BJ	A	-0.36%
G	B	-0.35%
IOSP	B	-0.35%
SAIC	F	-0.35%
LXP	D	-0.34%
RGLD	C	-0.34%
EVR	B	-0.34%
LECO	B	-0.34%
JAZZ	B	-0.33%
CSL	C	-0.33%
MAN	D	-0.32%
KEX	C	-0.31%
AGCO	D	-0.31%
JJSF	B	-0.31%
ONB	B	-0.31%
R	B	-0.3%
KFY	B	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
MIDD	C	-0.28%
EVTC	B	-0.28%
OSK	B	-0.28%
ORA	B	-0.27%
PLXS	B	-0.27%
CASY	A	-0.26%
LII	A	-0.26%
FSS	B	-0.24%
LFUS	F	-0.24%
CUBE	D	-0.24%
AIN	C	-0.24%
IRT	A	-0.23%
HXL	D	-0.22%
CRI	D	-0.21%
REXR	F	-0.2%
PCH	D	-0.19%
NSA	D	-0.13%