AFSM vs. SMMV ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

$32.19

Average Daily Volume

15,699

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$43.55

Average Daily Volume

37,673

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	SMMV
30 Days	5.15%	5.88%
60 Days	4.94%	7.08%
90 Days	5.47%	8.51%
12 Months	31.74%	28.57%

74 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in SMMV	Overlap
ACT	C	0.49%	0.06%	0.06%
ADMA	B	0.28%	0.21%	0.21%
ADUS	D	0.4%	0.37%	0.37%
AGX	B	0.25%	0.33%	0.25%
ALKS	C	0.93%	0.71%	0.71%
ALRM	C	0.14%	0.1%	0.1%
ANIP	F	0.37%	0.08%	0.08%
ATEN	A	0.05%	0.18%	0.05%
ATGE	B	0.32%	0.14%	0.14%
BHE	C	0.29%	0.32%	0.29%
BRC	D	0.16%	0.63%	0.16%
BTU	B	0.55%	0.05%	0.05%
CALM	A	0.72%	0.72%	0.72%
CCRN	F	0.26%	0.06%	0.06%
CEIX	A	0.67%	0.08%	0.08%
CGEM	F	0.11%	0.03%	0.03%
CHCO	B	0.54%	0.11%	0.11%
CLW	F	0.12%	0.06%	0.06%
CNXN	C	0.35%	0.16%	0.16%
COKE	C	0.51%	0.06%	0.06%
COLL	F	0.04%	0.18%	0.04%
CORT	B	0.57%	0.3%	0.3%
CRAI	C	0.36%	0.25%	0.25%
CRVL	B	0.62%	0.09%	0.09%
CSWI	B	0.46%	0.45%	0.45%
CTRE	C	0.07%	0.65%	0.07%
CVLT	B	0.74%	1.12%	0.74%
EIG	B	0.13%	0.26%	0.13%
EPAC	C	0.0%	0.09%	0.0%
GEO	B	0.51%	0.09%	0.09%
GNK	D	0.25%	0.04%	0.04%
HALO	F	0.7%	0.12%	0.12%
HCC	B	0.27%	0.16%	0.16%
HCI	C	0.26%	0.09%	0.09%
HRB	D	0.44%	0.47%	0.44%
HURN	C	0.29%	0.42%	0.29%
HWKN	B	0.61%	0.28%	0.28%
IDCC	B	1.17%	0.31%	0.31%
IMKTA	C	0.22%	0.19%	0.19%
INSW	F	0.2%	0.31%	0.2%
INVA	D	0.11%	0.21%	0.11%
ITCI	C	0.27%	0.08%	0.08%
KELYA	F	0.16%	0.08%	0.08%
KRYS	C	0.08%	0.13%	0.08%
LMAT	A	0.23%	0.12%	0.12%
LOPE	C	0.36%	0.69%	0.36%
LRN	A	0.36%	0.7%	0.36%
MATX	C	0.37%	0.08%	0.08%
MCY	A	0.65%	0.38%	0.38%
METC	C	0.14%	0.05%	0.05%
MITK	C	0.0%	0.03%	0.0%
MUSA	B	0.51%	1.6%	0.51%
NHC	C	1.2%	0.33%	0.33%
NSIT	F	0.05%	0.3%	0.05%
NTCT	C	0.23%	0.18%	0.18%
OGS	A	0.05%	0.14%	0.05%
PBF	D	0.32%	0.06%	0.06%
PINC	B	0.46%	0.51%	0.46%
PRDO	B	0.47%	0.35%	0.35%
PRGS	A	0.38%	0.51%	0.38%
PSN	D	0.27%	0.87%	0.27%
RAMP	B	0.1%	0.06%	0.06%
RMR	F	0.42%	0.05%	0.05%
SFM	A	1.0%	1.07%	1.0%
SMP	C	0.22%	0.12%	0.12%
SWX	B	0.05%	0.18%	0.05%
TARS	C	0.19%	0.08%	0.08%
TGNA	B	0.55%	0.5%	0.5%
USLM	A	0.43%	0.3%	0.3%
UVE	B	0.7%	0.12%	0.12%
VIRT	A	0.28%	0.5%	0.28%
VITL	D	0.03%	0.08%	0.03%
WABC	B	0.21%	0.22%	0.21%
WT	A	0.49%	0.28%	0.28%

AFSM Overweight 221 Positions Relative to SMMV

Symbol	Grade	Weight
MLI	B	1.38%
SKYW	C	1.22%
CPRX	C	0.93%
PFBC	B	0.87%
CRS	B	0.87%
DAKT	C	0.86%
STRL	A	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	B	0.72%
POWL	C	0.7%
TMHC	C	0.7%
TBBK	B	0.7%
RDN	D	0.7%
SANM	B	0.67%
SLVM	B	0.65%
SLG	B	0.65%
HSII	B	0.64%
AROC	A	0.64%
BMI	B	0.63%
COOP	B	0.63%
FDP	B	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%
SUPN	C	0.56%
OFG	B	0.54%
BXC	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%
PI	D	0.5%
APPF	B	0.49%
TEX	F	0.47%
DFIN	D	0.46%
DDS	B	0.44%
PLAB	C	0.43%
LNTH	D	0.43%
WFRD	D	0.42%
IESC	C	0.41%
LGND	C	0.41%
YMAB	F	0.41%
EVER	D	0.41%
QTWO	A	0.4%
AMR	C	0.39%
BDC	C	0.39%
INMD	C	0.38%
WNC	C	0.38%
VRNT	C	0.38%
M	F	0.37%
RDNT	B	0.37%
YOU	D	0.37%
SIG	B	0.37%
APOG	C	0.37%
TILE	B	0.37%
BPMC	B	0.36%
MD	C	0.36%
HRMY	D	0.36%
CAL	F	0.36%
BLBD	D	0.36%
IIPR	D	0.36%
HIW	C	0.35%
CASH	B	0.35%
ESNT	F	0.34%
PDM	D	0.34%
MOG.A	B	0.34%
TRMK	C	0.34%
MTH	D	0.34%
CMC	B	0.33%
FBP	C	0.33%
ATKR	D	0.33%
LPG	F	0.32%
PFS	B	0.32%
CUZ	B	0.31%
SCS	C	0.31%
IBOC	B	0.31%
SPNS	F	0.3%
TWI	F	0.3%
DXC	B	0.3%
CNK	C	0.3%
GRBK	D	0.3%
RXST	F	0.3%
AKR	B	0.29%
CRDO	B	0.29%
DNOW	B	0.29%
SBRA	C	0.29%
TCMD	B	0.29%
ODP	F	0.29%
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	D	0.27%
AVNS	F	0.27%
SXC	A	0.27%
BNL	D	0.27%
ABG	C	0.26%
INTA	B	0.26%
BKU	A	0.26%
PRG	C	0.26%
VRNS	D	0.26%
BKH	A	0.26%
PIPR	A	0.25%
GIII	D	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
VNDA	C	0.23%
MED	D	0.23%
HLX	B	0.22%
HDSN	F	0.22%
AMKR	D	0.21%
NX	C	0.21%
TMDX	F	0.21%
VCTR	B	0.21%
EXTR	C	0.21%
SIGA	F	0.21%
SBH	C	0.21%
PK	C	0.2%
BLFS	C	0.2%
ENS	F	0.2%
KRC	B	0.2%
CMPR	D	0.2%
NUS	D	0.2%
SGBX	F	0.19%
DHT	F	0.19%
ONTO	F	0.19%
ASGN	F	0.19%
ASC	F	0.19%
NSSC	D	0.19%
UCTT	D	0.18%
TPC	C	0.18%
TNC	D	0.18%
GOGL	F	0.18%
NAVI	F	0.18%
HOV	D	0.17%
TGTX	B	0.17%
NVST	B	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
XRX	F	0.16%
SD	D	0.16%
HY	D	0.16%
HROW	D	0.16%
VSH	F	0.16%
SCSC	C	0.15%
SCVL	F	0.15%
GES	F	0.15%
STNG	F	0.15%
AIT	B	0.14%
NECB	C	0.14%
MRVI	F	0.14%
AYI	B	0.14%
TWST	F	0.13%
CWCO	C	0.13%
PCRX	C	0.13%
MOV	D	0.13%
CSGS	B	0.13%
CECO	B	0.12%
ALKT	B	0.12%
OSCR	D	0.11%
YEXT	B	0.11%
CHRD	D	0.11%
GFF	A	0.1%
AMCX	C	0.1%
ASTH	F	0.1%
SPSC	D	0.09%
MAX	F	0.09%
MLKN	F	0.08%
KTB	B	0.08%
ATLO	C	0.07%
TPH	D	0.07%
PEBK	B	0.07%
WGO	C	0.07%
FTDR	B	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%
REVG	C	0.05%
AMPH	F	0.05%
HE	C	0.04%
AMN	F	0.04%
TDC	D	0.04%
SEMR	C	0.04%
PHR	F	0.04%
FORM	D	0.04%
ETD	C	0.04%
EOLS	D	0.04%
ANDE	D	0.04%
OTTR	C	0.04%
PGNY	F	0.03%
JBI	F	0.03%
RYI	C	0.03%
SWI	C	0.03%
EMBC	C	0.03%
LBRT	D	0.03%
ACLS	F	0.02%
ACIW	B	0.02%
MAIN	A	0.0%

AFSM Underweight 215 Positions Relative to SMMV

Symbol	Grade	Weight
EXEL	B	-1.73%
ORI	A	-1.57%
ATR	B	-1.49%
ADC	A	-1.45%
RGLD	C	-1.39%
CHE	D	-1.32%
AXS	A	-1.32%
RLI	A	-1.25%
HQY	A	-1.23%
OGE	A	-1.16%
UNM	A	-1.16%
SIGI	C	-1.14%
DTM	A	-1.14%
IDA	A	-1.12%
RGA	A	-1.11%
THG	A	-1.11%
EHC	B	-1.08%
ENSG	C	-1.06%
WTM	A	-0.93%
RNR	C	-0.93%
PNW	A	-0.91%
GNTX	C	-0.9%
FLO	D	-0.82%
CACI	D	-0.81%
LSTR	D	-0.81%
DLB	B	-0.81%
CASY	A	-0.79%
BWXT	B	-0.78%
POST	C	-0.77%
PBH	A	-0.77%
TXNM	A	-0.75%
NEU	D	-0.75%
BJ	A	-0.73%
INGR	C	-0.72%
CW	C	-0.71%
RYAN	A	-0.69%
PAGP	A	-0.68%
TKO	A	-0.66%
CCOI	B	-0.66%
MSGS	A	-0.64%
NWE	B	-0.64%
TXRH	B	-0.62%
FCN	F	-0.61%
OHI	C	-0.6%
WEN	D	-0.6%
VNOM	A	-0.59%
MDU	D	-0.59%
CCCS	B	-0.59%
INSM	C	-0.58%
GHC	B	-0.58%
MSM	C	-0.57%
AMED	F	-0.56%
IBKR	A	-0.54%
HESM	B	-0.54%
POR	C	-0.49%
FCFS	F	-0.49%
CWAN	B	-0.48%
DRS	B	-0.47%
LAUR	A	-0.47%
JJSF	C	-0.47%
PCVX	D	-0.47%
ECG	C	-0.46%
ESGR	B	-0.46%
MGEE	B	-0.46%
IONS	F	-0.45%
WERN	C	-0.45%
MSA	F	-0.44%
SON	F	-0.43%
JAZZ	B	-0.42%
KNTK	A	-0.42%
KBR	F	-0.42%
NYT	D	-0.4%
EQC	B	-0.4%
HLI	A	-0.38%
AM	A	-0.36%
CWST	A	-0.35%
XENE	D	-0.34%
BATRK	D	-0.34%
AVT	C	-0.34%
REYN	D	-0.33%
UNF	B	-0.33%
MGRC	B	-0.33%
AVPT	A	-0.33%
HMN	B	-0.33%
SNDR	B	-0.32%
VRRM	F	-0.32%
SKWD	A	-0.32%
LANC	C	-0.32%
SMPL	B	-0.31%
SNX	D	-0.31%
DCI	B	-0.31%
GO	C	-0.3%
GPOR	B	-0.3%
PDCO	F	-0.3%
DVAX	C	-0.29%
DBX	B	-0.28%
MIRM	B	-0.28%
CRNX	C	-0.27%
VVV	D	-0.27%
ALE	A	-0.26%
YELP	C	-0.25%
SAIC	F	-0.25%
OSW	B	-0.25%
SCI	B	-0.25%
IDYA	F	-0.24%
NJR	A	-0.24%
OLLI	D	-0.24%
PPC	C	-0.24%
SAFT	B	-0.24%
MMS	F	-0.23%
ASH	F	-0.23%
AMSF	B	-0.21%
NTST	C	-0.2%
PJT	A	-0.2%
AVA	A	-0.2%
OPCH	D	-0.19%
AWR	B	-0.19%
CHH	A	-0.19%
EDR	A	-0.19%
BFC	B	-0.18%
RARE	F	-0.18%
KRP	B	-0.18%
CNX	A	-0.17%
SPNT	B	-0.17%
ARCH	B	-0.16%
KNSA	F	-0.16%
CXW	C	-0.16%
WMK	C	-0.16%
CWT	C	-0.16%
PRGO	C	-0.15%
CIEN	C	-0.15%
ICFI	F	-0.15%
IRON	B	-0.15%
IDT	B	-0.15%
DJCO	B	-0.14%
VVX	C	-0.14%
SLGN	A	-0.14%
JBSS	F	-0.14%
BLKB	B	-0.14%
HCKT	B	-0.14%
HSTM	B	-0.14%
GTX	C	-0.13%
RGR	F	-0.13%
REX	D	-0.13%
LBTYK	A	-0.13%
ZYME	C	-0.13%
SPTN	D	-0.12%
GPK	C	-0.11%
PLXS	B	-0.11%
VREX	B	-0.11%
LQDT	B	-0.11%
USM	B	-0.11%
LTC	B	-0.11%
ACLX	C	-0.11%
NTNX	B	-0.11%
SHEN	F	-0.11%
SNRE	D	-0.1%
MCS	B	-0.1%
AGIO	C	-0.1%
DHIL	B	-0.1%
ACEL	C	-0.1%
EBF	F	-0.1%
NABL	F	-0.1%
UFCS	A	-0.1%
TIPT	C	-0.09%
GWRE	A	-0.09%
YORW	F	-0.09%
SPRY	C	-0.09%
IRWD	F	-0.09%
FC	F	-0.08%
DORM	B	-0.08%
EWTX	C	-0.08%
NPK	B	-0.08%
BBSI	B	-0.08%
STRA	C	-0.08%
NTGR	B	-0.08%
FRPH	B	-0.08%
IMAX	B	-0.07%
SR	A	-0.07%
BOX	B	-0.07%
CNSL	C	-0.07%
SENEA	A	-0.07%
TBPH	B	-0.07%
LQDA	F	-0.07%
ATEX	F	-0.07%
THS	D	-0.07%
OSIS	A	-0.07%
WINA	C	-0.07%
CPK	A	-0.07%
NRC	F	-0.06%
IMXI	B	-0.06%
CART	C	-0.06%
HG	C	-0.06%
UTI	B	-0.06%
ACHC	F	-0.06%
IRMD	C	-0.05%
ADEA	C	-0.05%
IMNM	F	-0.05%
SCHL	F	-0.05%
ACAD	C	-0.05%
UTZ	D	-0.05%
AESI	B	-0.05%
KROS	D	-0.05%
CGON	F	-0.05%
USPH	B	-0.05%
SEB	F	-0.05%
BATRA	F	-0.05%
SWBI	C	-0.04%
DAWN	D	-0.04%
DK	C	-0.04%
TH	C	-0.04%
ROG	D	-0.03%
ANAB	F	-0.03%
CRGX	F	-0.03%
ITOS	F	-0.02%