AFSM vs. QABA ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

$28.12

Average Daily Volume

6,042

Number of Holdings ^*

308

* may have additional holdings in another (foreign) market

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.75

Average Daily Volume

24,608

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	QABA
30 Days	-3.18%	-3.08%
60 Days	-0.28%	0.60%
90 Days	4.01%	-7.78%
12 Months	25.22%	15.27%

13 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in QABA	Overlap
CASH	A	0.23%	0.8%	0.23%
CATY	F	0.26%	1.57%	0.26%
CHCO	A	0.5%	0.95%	0.5%
CVBF	D	0.3%	1.47%	0.3%
EGBN	F	0.44%	0.41%	0.41%
FIBK	B	0.05%	1.7%	0.05%
IBOC	A	0.3%	2.16%	0.3%
INDB	B	0.04%	1.37%	0.04%
PFBC	A	0.81%	0.66%	0.66%
STBA	B	0.43%	0.74%	0.43%
TBBK	F	0.22%	1.14%	0.22%
THFF	B	0.24%	0.27%	0.24%
WABC	B	0.2%	0.79%	0.2%

AFSM Overweight 295 Positions Relative to QABA

Symbol	Grade	Weight
BCC	C	1.2%
ELF	C	1.05%
HCC	A	1.04%
SMCI	C	0.99%
FIX	B	0.91%
ESGR	C	0.9%
WIRE	B	0.87%
TNK	A	0.82%
ALKS	D	0.82%
DDS	B	0.81%
ANF	C	0.8%
CAL	C	0.78%
MTG	B	0.76%
KBH	C	0.74%
CPRX	D	0.74%
WFRD	A	0.73%
MOD	B	0.73%
EME	A	0.72%
STRL	B	0.71%
ATKR	A	0.71%
ARCH	B	0.7%
AMR	B	0.68%
LPG	A	0.68%
PBF	A	0.67%
MLI	A	0.67%
GMS	C	0.67%
SSD	D	0.66%
MHO	C	0.66%
PLUS	C	0.65%
AROC	A	0.65%
TMHC	B	0.64%
GNK	A	0.63%
MATX	C	0.63%
TEX	B	0.61%
CALM	B	0.6%
PRDO	A	0.59%
MUSA	A	0.59%
APPF	B	0.59%
AMPH	D	0.59%
CNXN	C	0.59%
SLVM	A	0.59%
SIG	B	0.58%
OTTR	C	0.58%
UFPT	D	0.58%
SANM	B	0.57%
TNC	B	0.56%
LGND	D	0.55%
BXC	C	0.55%
DFIN	A	0.54%
CEIX	B	0.54%
IDCC	C	0.54%
BDC	C	0.54%
BRBR	C	0.54%
SKT	B	0.54%
OFG	B	0.53%
CRVL	C	0.53%
NTB	A	0.53%
NHC	C	0.52%
BMI	A	0.52%
PLAB	C	0.52%
OPCH	D	0.51%
GRBK	C	0.5%
HUBG	D	0.5%
BTU	D	0.49%
RDN	C	0.49%
BKU	B	0.49%
UVE	B	0.47%
NAVI	F	0.47%
WINA	D	0.46%
SKYW	A	0.46%
HURN	D	0.46%
TGNA	F	0.45%
MEDP	C	0.45%
VNDA	B	0.45%
RMR	C	0.45%
FDP	A	0.45%
POWL	B	0.44%
GMED	F	0.44%
CCRN	F	0.44%
ANIP	D	0.41%
BKE	C	0.4%
NSIT	D	0.39%
ASC	A	0.39%
VSH	C	0.38%
HRMY	D	0.38%
SPNS	A	0.38%
PINC	D	0.38%
BPMC	B	0.38%
TWI	F	0.38%
MD	D	0.38%
QLYS	A	0.38%
FBP	A	0.37%
INMD	F	0.37%
ODP	C	0.37%
GEO	B	0.36%
ADUS	D	0.36%
HIBB	A	0.36%
M	D	0.36%
CMC	D	0.36%
ONTO	B	0.36%
ARCB	B	0.36%
CWCO	D	0.36%
NTCT	D	0.36%
ALRM	C	0.36%
DNOW	B	0.35%
CBZ	D	0.35%
CADE	A	0.34%
UFPI	C	0.34%
WNC	D	0.34%
KOP	D	0.34%
CVLT	B	0.34%
ABG	A	0.34%
ANDE	B	0.33%
MRVI	F	0.33%
LOPE	C	0.33%
SCS	C	0.33%
MTH	B	0.33%
CTRE	A	0.33%
COOP	A	0.33%
ALE	A	0.32%
WTS	D	0.32%
RHP	C	0.31%
AMRK	A	0.31%
APOG	A	0.31%
PSN	C	0.31%
ETD	D	0.3%
AMWD	C	0.3%
IIPR	B	0.3%
ASTH	D	0.3%
VRNS	C	0.3%
HCI	A	0.3%
HRB	D	0.3%
REZI	C	0.3%
HIW	A	0.3%
HLNE	B	0.3%
MED	F	0.29%
MCY	B	0.29%
VRNT	B	0.29%
XRX	F	0.29%
MOG.A	A	0.29%
SFL	A	0.28%
ITCI	B	0.28%
PRG	B	0.28%
KFY	D	0.28%
AMKR	C	0.28%
CRS	A	0.28%
HWKN	B	0.28%
CRC	A	0.28%
BKH	A	0.27%
MAC	C	0.27%
NMIH	B	0.27%
CUZ	B	0.26%
PDM	A	0.26%
MITK	B	0.26%
HAE	A	0.26%
OSIS	B	0.26%
NHI	A	0.26%
BELFB	D	0.26%
RAMP	D	0.26%
STRA	A	0.26%
SUPN	C	0.26%
RMBS	D	0.26%
HLX	A	0.26%
CORT	D	0.26%
SLG	A	0.25%
SBRA	C	0.25%
HSII	C	0.25%
ACT	A	0.25%
LRN	B	0.25%
SD	B	0.24%
COKE	C	0.24%
HIMS	C	0.24%
MOV	D	0.24%
NSSC	B	0.24%
DAKT	B	0.24%
PK	C	0.24%
DHT	A	0.24%
RLI	C	0.23%
WGO	D	0.23%
DFH	C	0.23%
RXST	B	0.22%
KFRC	C	0.22%
TMDX	A	0.22%
AVNS	F	0.22%
IIIN	F	0.22%
IDYA	C	0.21%
WMK	B	0.21%
PARR	D	0.21%
UE	C	0.21%
CCS	D	0.21%
CMPR	D	0.21%
DUOL	B	0.21%
QTRX	F	0.2%
EXTR	F	0.2%
SITC	D	0.2%
EPR	D	0.2%
RYI	F	0.2%
INSW	A	0.2%
DOLE	A	0.2%
KNSA	C	0.19%
PFS	C	0.19%
BASE	C	0.19%
HDSN	F	0.19%
KRC	D	0.19%
IMXI	B	0.19%
BRZE	D	0.19%
VGR	D	0.19%
STNG	A	0.19%
LQDA	D	0.18%
COHU	D	0.18%
TCMD	F	0.18%
NUS	F	0.18%
MIRM	D	0.18%
LNTH	B	0.18%
INTA	D	0.17%
BPOP	A	0.17%
IMKTA	F	0.17%
HOV	B	0.17%
LMAT	B	0.17%
FWRD	F	0.17%
AXSM	D	0.16%
SIGA	A	0.16%
MXL	C	0.16%
CHRD	A	0.16%
IRWD	F	0.16%
ASIX	F	0.16%
PIPR	B	0.16%
INVA	B	0.16%
LXU	B	0.15%
OMI	C	0.14%
ALXO	A	0.14%
OSCR	A	0.14%
BRC	A	0.14%
AYI	C	0.13%
CLSK	B	0.13%
CECO	A	0.13%
LBRT	A	0.12%
FOR	D	0.12%
NEO	D	0.11%
AIT	D	0.11%
SPSC	C	0.1%
ALKT	B	0.1%
CABA	F	0.1%
YELP	B	0.1%
ROCK	D	0.1%
ASO	C	0.1%
KRYS	D	0.09%
ACAD	F	0.09%
YEXT	F	0.09%
CSGS	F	0.08%
KN	B	0.08%
ESNT	C	0.08%
VCTR	A	0.07%
JBI	B	0.07%
TPH	A	0.07%
AMN	D	0.07%
TNET	F	0.07%
CRAI	A	0.07%
SFM	A	0.07%
JWN	B	0.06%
APAM	D	0.06%
UNFI	F	0.06%
SQSP	A	0.06%
OPI	F	0.06%
GES	A	0.06%
KTB	B	0.06%
BECN	A	0.06%
EIG	C	0.06%
TGTX	F	0.06%
KAI	D	0.06%
OVV	A	0.06%
KSS	C	0.05%
MLKN	C	0.05%
PRK	A	0.05%
PHR	F	0.05%
EOLS	D	0.05%
ATEN	B	0.05%
HVT	C	0.05%
OGS	B	0.05%
CRUS	C	0.05%
VCEL	C	0.05%
CTS	B	0.05%
GFF	C	0.05%
VSTO	A	0.05%
ZEUS	D	0.05%
GCO	D	0.04%
TDC	D	0.04%
SIBN	F	0.04%
EMBC	F	0.04%
EGRX	F	0.04%
DVAX	F	0.04%
VSCO	D	0.03%
EYPT	D	0.03%
SPTN	F	0.03%
AKR	A	0.0%

AFSM Underweight 110 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	A	-4.42%
WTFC	B	-3.79%
OZK	A	-3.22%
UBSI	D	-2.88%
FFIN	C	-2.69%
UMBF	A	-2.52%
HWC	A	-2.45%
TFSL	D	-2.13%
ABCB	B	-2.04%
UCBI	C	-1.93%
BANF	B	-1.88%
TCBI	D	-1.76%
FHB	A	-1.73%
WSFS	B	-1.67%
FULT	B	-1.56%
SFNC	D	-1.46%
PPBI	D	-1.34%
FFBC	A	-1.33%
TOWN	B	-1.29%
FRME	A	-1.27%
SBCF	D	-1.26%
WAFD	B	-1.14%
CLBK	C	-1.09%
MBIN	C	-1.07%
WSBC	D	-1.06%
NBTB	B	-1.05%
TRMK	A	-1.04%
IBTX	F	-1.03%
LKFN	D	-1.01%
BANR	C	-0.98%
HTLF	A	-0.95%
EFSC	D	-0.91%
FBNC	D	-0.87%
NWBI	D	-0.86%
SYBT	B	-0.83%
HOPE	B	-0.82%
BUSE	C	-0.79%
SRCE	D	-0.77%
TCBK	D	-0.72%
VBTX	A	-0.7%
PEBO	A	-0.64%
QCRH	D	-0.61%
GABC	D	-0.61%
SASR	D	-0.61%
OCFC	C	-0.56%
SBSI	F	-0.53%
RBCAA	B	-0.53%
BRKL	F	-0.52%
BFC	D	-0.5%
FBMS	F	-0.49%
CTBI	A	-0.48%
FMBH	B	-0.47%
DCOM	B	-0.47%
CNOB	F	-0.46%
PFC	B	-0.45%
CFFN	F	-0.44%
AMAL	B	-0.43%
OSBC	B	-0.4%
HFWA	F	-0.4%
GSBC	A	-0.39%
FCBC	B	-0.38%
CFB	C	-0.38%
MBWM	C	-0.37%
HBT	D	-0.37%
CASS	D	-0.36%
UVSP	B	-0.36%
CCB	B	-0.34%
BFST	D	-0.34%
IBCP	B	-0.33%
TRST	D	-0.33%
HBNC	D	-0.33%
MSBI	F	-0.32%
HTBK	F	-0.31%
HAFC	C	-0.29%
FMNB	D	-0.29%
SMBC	F	-0.29%
PGC	F	-0.28%
CAC	D	-0.28%
WASH	C	-0.28%
HONE	B	-0.28%
CCBG	D	-0.28%
SPFI	B	-0.27%
HTBI	B	-0.27%
NBN	C	-0.26%
BHRB	B	-0.25%
CCNE	D	-0.25%
ESQ	B	-0.24%
AROW	C	-0.24%
NFBK	D	-0.24%
HIFS	B	-0.23%
KRNY	F	-0.23%
SHBI	D	-0.22%
FFIC	F	-0.22%
MOFG	F	-0.21%
BWB	A	-0.21%
MPB	C	-0.21%
RBB	A	-0.21%
NEWT	D	-0.17%
FRST	F	-0.17%
FISI	D	-0.17%
PFIS	D	-0.17%
BMRC	D	-0.16%
NRIM	B	-0.16%
CARE	D	-0.16%
WSBF	C	-0.15%
FLIC	D	-0.15%
NECB	B	-0.14%
OVLY	C	-0.13%
CZFS	F	-0.13%
BLFY	D	-0.13%