AFSM vs. QQQS ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to Invesco NASDAQ Future Gen 200 ETF (QQQS)

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

$32.22

Average Daily Volume

15,642

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

QQQS

Invesco NASDAQ Future Gen 200 ETF

QQQS Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the index. The index excludes securities of issuers included in the Nasdaq-100 Index® (an index that measures the performance of 100 of the largest Nasdaq-listed non-financial companies by market capitalization) and the Nasdaq Next Generation 100 Index® (an index that measures the performance of the 100 largest Nasdaq-listed companies outside of the NASDAQ-100 Index® based on market capitalization). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.62

Average Daily Volume

1,707

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	QQQS
30 Days	2.82%	-1.10%
60 Days	3.23%	0.42%
90 Days	6.95%	3.12%
12 Months	30.40%	24.25%

21 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in QQQS	Overlap
ACLS	F	0.02%	0.37%	0.02%
ALKS	C	0.93%	0.5%	0.5%
AMKR	F	0.21%	0.39%	0.21%
BELFB	D	0.53%	0.57%	0.53%
CORT	B	0.57%	0.79%	0.57%
CVLT	A	0.74%	0.53%	0.53%
EXTR	C	0.21%	0.51%	0.21%
IDCC	B	1.17%	0.66%	0.66%
INVA	D	0.11%	0.51%	0.11%
LGND	C	0.41%	0.55%	0.41%
MITK	D	0.0%	0.49%	0.0%
MLKN	F	0.08%	0.4%	0.08%
NTCT	C	0.23%	0.51%	0.23%
PCRX	C	0.13%	0.52%	0.13%
SIGA	F	0.21%	0.38%	0.21%
SUPN	B	0.56%	0.52%	0.52%
TCMD	B	0.29%	0.56%	0.29%
TILE	A	0.37%	0.66%	0.37%
VNDA	C	0.23%	0.49%	0.23%
VRNT	D	0.38%	0.38%	0.38%
XRX	F	0.16%	0.37%	0.16%

AFSM Overweight 274 Positions Relative to QQQS

Symbol	Grade	Weight
MLI	B	1.38%
SKYW	B	1.22%
NHC	C	1.2%
SFM	B	1.0%
CPRX	C	0.93%
PFBC	B	0.87%
CRS	A	0.87%
DAKT	B	0.86%
STRL	B	0.84%
ANF	F	0.82%
ZETA	D	0.81%
FIX	A	0.79%
EME	A	0.79%
MHO	D	0.78%
JXN	C	0.78%
MTG	C	0.73%
BCC	C	0.72%
CALM	A	0.72%
HALO	F	0.7%
UVE	A	0.7%
POWL	C	0.7%
TMHC	C	0.7%
TBBK	B	0.7%
RDN	D	0.7%
SANM	B	0.67%
CEIX	B	0.67%
MCY	B	0.65%
SLVM	B	0.65%
SLG	B	0.65%
HSII	B	0.64%
AROC	A	0.64%
BMI	B	0.63%
COOP	B	0.63%
CRVL	A	0.62%
HWKN	B	0.61%
FDP	A	0.61%
GMED	A	0.61%
GMS	B	0.6%
REZI	A	0.6%
UFPT	C	0.6%
PLUS	F	0.59%
NTB	B	0.58%
PRK	B	0.58%
EGBN	B	0.57%
NHI	D	0.57%
NMIH	C	0.56%
BTU	B	0.55%
TGNA	B	0.55%
OFG	B	0.54%
BXC	B	0.54%
CHCO	B	0.54%
CVNA	B	0.53%
STBA	B	0.53%
DOLE	D	0.53%
KBH	D	0.52%
BRBR	A	0.52%
AMWD	B	0.52%
HIMS	C	0.51%
COKE	C	0.51%
MUSA	B	0.51%
GEO	A	0.51%
PI	D	0.5%
APPF	C	0.49%
WT	A	0.49%
ACT	D	0.49%
PRDO	B	0.47%
TEX	D	0.47%
DFIN	D	0.46%
CSWI	B	0.46%
PINC	B	0.46%
HRB	D	0.44%
DDS	B	0.44%
PLAB	C	0.43%
USLM	B	0.43%
LNTH	C	0.43%
WFRD	F	0.42%
RMR	F	0.42%
IESC	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	B	0.38%
INMD	C	0.38%
WNC	D	0.38%
M	F	0.37%
RDNT	B	0.37%
YOU	D	0.37%
MATX	B	0.37%
SIG	C	0.37%
ANIP	D	0.37%
APOG	B	0.37%
BPMC	C	0.36%
CRAI	B	0.36%
LOPE	B	0.36%
MD	C	0.36%
LRN	A	0.36%
HRMY	F	0.36%
CAL	F	0.36%
BLBD	F	0.36%
IIPR	F	0.36%
HIW	D	0.35%
CNXN	D	0.35%
CASH	B	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	D	0.33%
PBF	D	0.32%
LPG	F	0.32%
ATGE	B	0.32%
PFS	B	0.32%
CUZ	B	0.31%
SCS	B	0.31%
IBOC	B	0.31%
SPNS	F	0.3%
TWI	F	0.3%
DXC	C	0.3%
CNK	A	0.3%
GRBK	D	0.3%
RXST	F	0.3%
BHE	B	0.29%
AKR	A	0.29%
CRDO	C	0.29%
DNOW	B	0.29%
HURN	B	0.29%
SBRA	B	0.29%
ODP	F	0.29%
ADMA	B	0.28%
VIRT	A	0.28%
BKE	B	0.28%
PHIN	A	0.28%
ASO	F	0.28%
HUBG	A	0.28%
THFF	B	0.28%
AZZ	A	0.27%
MEDP	F	0.27%
AVNS	F	0.27%
SXC	A	0.27%
ITCI	B	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%
CCRN	F	0.26%
PRG	B	0.26%
VRNS	D	0.26%
HCI	C	0.26%
BKH	A	0.26%
PIPR	B	0.25%
GNK	C	0.25%
AGX	B	0.25%
GIII	F	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
MED	D	0.23%
LMAT	A	0.23%
HLX	B	0.22%
IMKTA	C	0.22%
HDSN	F	0.22%
SMP	C	0.22%
NX	C	0.21%
TMDX	F	0.21%
VCTR	B	0.21%
WABC	B	0.21%
SBH	B	0.21%
PK	D	0.2%
BLFS	B	0.2%
ENS	D	0.2%
KRC	C	0.2%
CMPR	F	0.2%
INSW	F	0.2%
NUS	C	0.2%
SGBX	F	0.19%
DHT	D	0.19%
ONTO	F	0.19%
ASGN	F	0.19%
ASC	D	0.19%
NSSC	F	0.19%
TARS	C	0.19%
UCTT	F	0.18%
TPC	C	0.18%
TNC	F	0.18%
GOGL	D	0.18%
NAVI	F	0.18%
HOV	D	0.17%
TGTX	B	0.17%
NVST	C	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
BRC	C	0.16%
KELYA	F	0.16%
SD	D	0.16%
HY	D	0.16%
HROW	D	0.16%
VSH	F	0.16%
SCSC	B	0.15%
SCVL	F	0.15%
GES	F	0.15%
STNG	D	0.15%
AIT	B	0.14%
NECB	B	0.14%
METC	C	0.14%
ALRM	C	0.14%
MRVI	F	0.14%
AYI	B	0.14%
EIG	B	0.13%
TWST	F	0.13%
CWCO	C	0.13%
MOV	D	0.13%
CSGS	B	0.13%
CECO	B	0.12%
CLW	F	0.12%
ALKT	B	0.12%
OSCR	D	0.11%
YEXT	B	0.11%
CHRD	F	0.11%
CGEM	F	0.11%
RAMP	C	0.1%
GFF	A	0.1%
AMCX	C	0.1%
ASTH	F	0.1%
SPSC	D	0.09%
MAX	F	0.09%
KRYS	C	0.08%
KTB	B	0.08%
ATLO	D	0.07%
TPH	D	0.07%
PEBK	B	0.07%
CTRE	C	0.07%
WGO	D	0.07%
FTDR	A	0.06%
APAM	B	0.06%
CTS	C	0.06%
GRND	A	0.06%
JWN	D	0.06%
OMI	F	0.06%
KSS	F	0.06%
SWX	A	0.05%
REVG	B	0.05%
OGS	A	0.05%
AMPH	F	0.05%
NSIT	F	0.05%
ATEN	A	0.05%
HE	C	0.04%
AMN	F	0.04%
TDC	D	0.04%
SEMR	C	0.04%
PHR	F	0.04%
FORM	F	0.04%
ETD	D	0.04%
EOLS	F	0.04%
ANDE	F	0.04%
OTTR	C	0.04%
COLL	F	0.04%
PGNY	F	0.03%
JBI	F	0.03%
VITL	D	0.03%
RYI	C	0.03%
SWI	B	0.03%
EMBC	C	0.03%
LBRT	F	0.03%
ACIW	B	0.02%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 169 Positions Relative to QQQS

Symbol	Grade	Weight
SGMO	C	-1.55%
AAOI	A	-1.22%
ATOM	C	-1.07%
CDXC	A	-1.02%
GEVO	D	-1.01%
KOD	B	-0.98%
AMSC	C	-0.87%
PACB	D	-0.78%
EGHT	C	-0.74%
IHRT	C	-0.74%
FARO	B	-0.74%
LITE	B	-0.73%
NTGR	B	-0.72%
ALT	C	-0.69%
ATRC	C	-0.68%
MASI	B	-0.67%
CDXS	B	-0.67%
MRSN	C	-0.67%
XNCR	B	-0.66%
LOVE	A	-0.66%
ATEC	C	-0.65%
NWL	B	-0.63%
LYTS	B	-0.63%
AGIO	C	-0.62%
AKBA	C	-0.61%
ADPT	C	-0.61%
PTCT	B	-0.61%
SATS	D	-0.6%
RMBS	C	-0.6%
HELE	C	-0.6%
COMM	D	-0.59%
IART	C	-0.59%
SSYS	B	-0.59%
PAHC	B	-0.58%
ITRI	B	-0.58%
ERII	D	-0.58%
VIAV	C	-0.58%
RBBN	B	-0.58%
BVS	D	-0.57%
KPTI	D	-0.57%
AEYE	C	-0.57%
SONO	C	-0.56%
QURE	D	-0.56%
FSTR	B	-0.56%
MGNX	D	-0.56%
MNKD	B	-0.55%
DMRC	B	-0.55%
MCFT	C	-0.55%
IPGP	D	-0.55%
VREX	B	-0.55%
DBX	C	-0.54%
CNDT	C	-0.54%
IGMS	F	-0.54%
SMTC	B	-0.54%
GPRO	F	-0.54%
BAND	D	-0.54%
BCYC	F	-0.53%
MDXG	B	-0.53%
KLIC	C	-0.53%
OMCL	C	-0.53%
AQST	D	-0.53%
OFIX	B	-0.53%
GT	C	-0.52%
AVAV	C	-0.52%
AEIS	B	-0.52%
ICUI	D	-0.52%
TBPH	B	-0.52%
MMSI	A	-0.52%
KE	C	-0.52%
CGNX	D	-0.51%
ALEC	F	-0.51%
LIVN	D	-0.51%
MVIS	F	-0.51%
FGEN	F	-0.51%
INFN	D	-0.51%
IOSP	C	-0.51%
NKTR	F	-0.5%
HEAR	C	-0.5%
MXL	C	-0.5%
VYGR	F	-0.5%
AXGN	D	-0.49%
OMER	B	-0.49%
GOGO	C	-0.49%
RDWR	B	-0.49%
SFIX	B	-0.49%
OSIS	A	-0.49%
IQ	F	-0.49%
JOUT	F	-0.47%
GNTX	F	-0.47%
SRDX	B	-0.47%
ABUS	D	-0.46%
IRBT	F	-0.46%
SYNA	D	-0.46%
ACIU	D	-0.46%
MKSI	C	-0.46%
GTX	D	-0.46%
PLSE	C	-0.46%
POWI	D	-0.46%
ANGO	C	-0.46%
CSIQ	F	-0.46%
MATW	C	-0.46%
OPK	B	-0.46%
OSUR	F	-0.45%
PDSB	F	-0.45%
SNBR	F	-0.45%
AZTA	D	-0.45%
HIMX	F	-0.45%
LASR	F	-0.45%
TTEC	F	-0.45%
LFUS	D	-0.45%
SIBN	F	-0.45%
BCRX	D	-0.44%
ARWR	D	-0.44%
FOLD	F	-0.44%
NVCR	C	-0.44%
IMMR	F	-0.44%
MDWD	D	-0.44%
CTMX	F	-0.43%
DCTH	C	-0.43%
AMRN	F	-0.43%
STRO	F	-0.43%
SLAB	F	-0.43%
OLED	F	-0.43%
IRWD	F	-0.42%
ARAY	D	-0.42%
THRM	F	-0.42%
XFOR	F	-0.41%
INGN	C	-0.41%
AUTL	F	-0.41%
EDIT	F	-0.4%
ALDX	D	-0.4%
ENTA	F	-0.4%
MCRB	F	-0.4%
VXRT	F	-0.4%
CERS	D	-0.4%
KALV	F	-0.39%
SIMO	D	-0.39%
PRTA	F	-0.38%
VECO	F	-0.38%
AEHR	F	-0.38%
IONS	F	-0.38%
AXTI	F	-0.37%
QRTEA	F	-0.37%
SCPH	F	-0.37%
ATRO	D	-0.36%
PRPL	F	-0.35%
CRUS	F	-0.35%
BLUE	F	-0.34%
XRAY	D	-0.34%
LTRX	F	-0.34%
BOOM	F	-0.34%
SAGE	F	-0.33%
LXRX	F	-0.33%
ANIK	D	-0.32%
HRTX	F	-0.32%
DOOO	F	-0.32%
LUNA	F	-0.32%
TXG	F	-0.32%
AOSL	D	-0.31%
FATE	F	-0.31%
ADAP	F	-0.3%
RVNC	F	-0.3%
CHRS	D	-0.29%
OPTN	F	-0.28%
VSAT	F	-0.26%
AVNW	F	-0.25%
TPIC	F	-0.25%
SEDG	F	-0.24%
SCLX	F	-0.02%