FDLS vs. MMSC ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to First Trust Multi-Manager Small (MMSC)

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.50

Average Daily Volume

11,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$22.20

Average Daily Volume

7,185

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	MMSC
30 Days	6.43%	6.25%
60 Days	7.40%	7.98%
90 Days	6.89%	9.85%
12 Months	25.41%	42.25%

14 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in MMSC	Overlap
BMI	B	0.97%	0.33%	0.33%
CVLT	B	1.06%	0.66%	0.66%
EME	A	1.09%	0.33%	0.33%
FIX	A	1.11%	0.5%	0.5%
HQY	A	1.17%	0.9%	0.9%
HSTM	B	1.06%	0.35%	0.35%
ITRI	C	1.06%	0.55%	0.55%
MNDY	C	0.94%	0.7%	0.7%
NTNX	B	1.16%	0.41%	0.41%
OSCR	D	0.63%	0.11%	0.11%
POWL	C	1.51%	0.55%	0.55%
QNST	B	0.99%	0.24%	0.24%
SFM	A	1.3%	0.97%	0.97%
VIRT	A	1.07%	0.48%	0.48%

FDLS Overweight 84 Positions Relative to MMSC

Symbol	Grade	Weight
HNST	A	1.64%
SMWB	A	1.32%
DAL	B	1.31%
DOCU	B	1.31%
IBKR	A	1.28%
TILE	B	1.27%
TDS	B	1.24%
CEIX	A	1.22%
NECB	C	1.21%
OPRA	B	1.19%
TCBX	B	1.19%
TRGP	A	1.19%
GRMN	B	1.16%
PPC	C	1.13%
BKR	A	1.12%
HWM	A	1.12%
QCRH	B	1.12%
STLD	B	1.11%
DECK	A	1.11%
TCMD	B	1.07%
BBW	C	1.07%
GEN	B	1.07%
ACIW	B	1.07%
EHC	B	1.06%
FCNCA	A	1.06%
GFF	A	1.06%
CTAS	B	1.04%
BFH	C	1.03%
TSM	B	1.02%
VNET	B	1.02%
OSPN	A	1.02%
LGTY	C	1.01%
RGA	A	1.01%
MPLX	A	1.0%
TSN	B	1.0%
CAT	B	1.0%
WLDN	C	0.99%
WRB	A	0.99%
ADMA	B	0.99%
WWD	C	0.99%
CHWY	B	0.99%
PNW	A	0.98%
VIRC	B	0.98%
CPRX	C	0.98%
PGR	A	0.98%
APPF	B	0.97%
LII	A	0.96%
CSTL	D	0.96%
MGIC	D	0.96%
FANG	C	0.96%
RNR	C	0.95%
CBT	D	0.95%
THC	D	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
DVA	C	0.91%
FRBA	D	0.9%
BELFB	C	0.9%
RMD	C	0.9%
UGI	C	0.9%
QCOM	F	0.9%
SAIC	F	0.89%
ESEA	D	0.87%
BCRX	D	0.87%
PTGX	D	0.86%
MELI	C	0.85%
PHM	D	0.85%
EGY	D	0.84%
BG	D	0.84%
VITL	D	0.83%
HY	D	0.82%
UHS	D	0.81%
NOMD	D	0.81%
MG	D	0.8%
EVER	D	0.8%
DHI	F	0.8%
PLUS	F	0.77%
CRUS	D	0.77%
FSLR	F	0.76%
NEM	D	0.73%
ASC	F	0.64%
ATNI	F	0.62%
ANGI	F	0.59%

FDLS Underweight 167 Positions Relative to MMSC

Symbol	Grade	Weight
AXON	A	-2.41%
BRBR	A	-1.67%
CYBR	A	-1.65%
CRNX	C	-1.41%
AAON	B	-1.39%
VRNS	D	-1.29%
SGBX	F	-1.13%
COHR	B	-1.09%
PLMR	A	-1.05%
AVAV	C	-0.99%
PCVX	D	-0.97%
FTI	A	-0.94%
MOD	A	-0.93%
KTOS	B	-0.91%
FRPT	A	-0.84%
CWAN	B	-0.84%
GKOS	B	-0.82%
MANH	D	-0.82%
NTRA	A	-0.8%
CW	C	-0.79%
RBC	A	-0.78%
RYAN	A	-0.77%
GWRE	A	-0.74%
XENE	D	-0.73%
EZPW	B	-0.72%
EXEL	B	-0.71%
CVNA	B	-0.68%
LGND	C	-0.68%
FN	C	-0.68%
HEI	A	-0.67%
VSEC	C	-0.66%
KNF	B	-0.66%
RVLV	A	-0.65%
ERJ	A	-0.64%
BFAM	D	-0.64%
MGNI	B	-0.64%
SPSC	D	-0.63%
HALO	F	-0.62%
SUPN	C	-0.61%
MGY	A	-0.6%
FCN	F	-0.59%
SMTC	B	-0.59%
CRDO	B	-0.58%
MMS	F	-0.57%
PIPR	A	-0.57%
TTEK	F	-0.57%
BCPC	B	-0.56%
FLS	B	-0.56%
ECPG	C	-0.55%
MKTX	D	-0.55%
WULF	C	-0.54%
ICFI	F	-0.53%
CR	A	-0.52%
MTSI	B	-0.51%
VRT	B	-0.51%
WING	D	-0.51%
TMDX	F	-0.51%
SITE	F	-0.5%
KNSL	B	-0.5%
LTH	C	-0.5%
SKY	A	-0.5%
PZZA	F	-0.49%
UPST	B	-0.48%
ITGR	B	-0.47%
KMPR	A	-0.46%
PSN	D	-0.46%
EVR	B	-0.45%
STRL	A	-0.45%
RGEN	D	-0.45%
WVE	C	-0.45%
MEDP	D	-0.44%
TBBK	B	-0.44%
HUBG	A	-0.44%
ALSN	B	-0.43%
CRS	B	-0.43%
AZEK	A	-0.43%
TREX	C	-0.43%
SITM	B	-0.42%
BROS	A	-0.42%
WAL	B	-0.42%
KRNT	B	-0.41%
GLOB	B	-0.41%
KYMR	D	-0.41%
RARE	F	-0.4%
LAD	A	-0.4%
BOOT	C	-0.39%
INTA	B	-0.39%
GMED	A	-0.38%
ONTO	F	-0.38%
TECH	F	-0.38%
SKWD	A	-0.38%
NUVL	C	-0.38%
IRTC	C	-0.37%
RYTM	C	-0.37%
TENB	C	-0.37%
FSS	B	-0.37%
TOST	B	-0.37%
VERX	A	-0.36%
RBRK	A	-0.36%
MRUS	F	-0.35%
MOG.A	B	-0.35%
PRO	C	-0.35%
S	B	-0.35%
UEC	B	-0.35%
WIX	A	-0.34%
LNN	B	-0.34%
ASO	F	-0.34%
RNA	C	-0.34%
ITCI	C	-0.33%
NEOG	F	-0.33%
AZTA	D	-0.32%
ALTR	B	-0.31%
IBP	D	-0.31%
ACHC	F	-0.31%
BLFS	C	-0.31%
OLLI	D	-0.31%
RMBS	B	-0.31%
HCI	C	-0.3%
FWRG	C	-0.3%
RXO	D	-0.3%
SDGR	C	-0.3%
CIEN	C	-0.3%
AIT	B	-0.29%
LRN	A	-0.29%
MEG	F	-0.29%
LNTH	D	-0.29%
SHAK	C	-0.28%
PSTG	D	-0.28%
WHD	B	-0.27%
COMP	B	-0.27%
ALKT	B	-0.27%
POWI	F	-0.27%
AMRC	F	-0.26%
CGNX	D	-0.26%
SAIA	B	-0.26%
BWXT	B	-0.26%
JBT	B	-0.26%
GNRC	C	-0.26%
ROAD	B	-0.26%
LSCC	D	-0.25%
AMBA	B	-0.25%
TNDM	D	-0.25%
ANF	F	-0.25%
CHEF	A	-0.25%
LASR	D	-0.25%
SLAB	F	-0.24%
MTH	D	-0.24%
EWTX	C	-0.24%
ESI	B	-0.24%
FIVE	F	-0.23%
PI	D	-0.23%
BECN	B	-0.22%
ASPN	F	-0.2%
BRZE	C	-0.19%
ICLR	D	-0.18%
ZETA	D	-0.17%
MAX	F	-0.17%
DNUT	F	-0.16%
AGYS	A	-0.16%
KRYS	C	-0.16%
ENVX	F	-0.15%
PODD	C	-0.15%
RXST	F	-0.14%
PTCT	B	-0.13%
CELH	F	-0.1%
CSWI	B	-0.07%
INSM	C	-0.06%