HSMV vs. AFMC ETF Comparison

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

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

AFMC

Active Factor Mid Cap ETF

AFMC 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 mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.31

Average Daily Volume

9,370

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	AFMC
30 Days	4.88%	7.36%
60 Days	5.46%	6.97%
90 Days	6.96%	8.83%
12 Months	27.49%	41.05%

56 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in AFMC	Overlap
ADC	B	1.34%	0.34%	0.34%
AGCO	D	0.31%	0.43%	0.31%
AMG	B	0.63%	0.62%	0.62%
ARW	D	0.45%	0.34%	0.34%
ATR	B	2.09%	0.15%	0.15%
AVT	C	0.49%	0.27%	0.27%
BRX	A	0.48%	0.08%	0.08%
CACI	D	1.29%	0.62%	0.62%
CASY	A	0.26%	0.14%	0.14%
CBSH	A	0.83%	0.51%	0.51%
CDP	C	0.63%	0.37%	0.37%
CHE	D	1.16%	0.41%	0.41%
CRI	D	0.21%	0.18%	0.18%
CSL	C	0.33%	0.8%	0.33%
CTRE	D	1.54%	0.27%	0.27%
CUBE	D	0.24%	0.1%	0.1%
CW	B	0.67%	0.78%	0.67%
DCI	B	1.33%	0.08%	0.08%
EHC	B	0.9%	0.27%	0.27%
ENSG	D	0.73%	0.23%	0.23%
EPR	D	0.79%	0.31%	0.31%
ESNT	D	0.67%	0.8%	0.67%
EXEL	B	0.38%	0.39%	0.38%
FHI	A	1.26%	0.68%	0.68%
FSS	B	0.24%	0.3%	0.24%
G	B	0.35%	0.66%	0.35%
GLPI	C	0.99%	0.72%	0.72%
HRB	D	0.26%	0.5%	0.26%
IDCC	A	0.77%	0.95%	0.77%
INGR	B	1.65%	0.9%	0.9%
ITT	A	0.38%	0.09%	0.09%
JAZZ	B	0.33%	0.38%	0.33%
JHG	A	0.66%	0.26%	0.26%
LAMR	D	0.43%	0.39%	0.39%
LECO	B	0.34%	0.08%	0.08%
LII	A	0.26%	0.75%	0.26%
LOPE	B	0.74%	0.26%	0.26%
MAN	D	0.32%	0.37%	0.32%
MSM	C	0.44%	0.24%	0.24%
MTG	C	0.55%	1.1%	0.55%
MUSA	A	0.47%	0.6%	0.47%
NFG	A	1.18%	0.56%	0.56%
NNN	D	1.01%	0.0%	0.0%
NSA	D	0.13%	0.27%	0.13%
NYT	C	0.95%	0.5%	0.5%
OHI	C	1.08%	0.58%	0.58%
ORI	A	1.76%	1.17%	1.17%
PBH	A	0.76%	0.06%	0.06%
PRI	A	0.78%	0.6%	0.6%
RDN	C	0.4%	0.76%	0.4%
RGLD	C	0.34%	0.43%	0.34%
RPM	A	0.68%	0.5%	0.5%
RS	B	0.54%	0.35%	0.35%
SAIC	F	0.35%	0.31%	0.31%
SBRA	C	0.55%	0.51%	0.51%
SF	B	0.72%	0.74%	0.72%

HSMV Overweight 91 Positions Relative to AFMC

Symbol	Grade	Weight
DTM	B	2.06%
SEIC	B	1.89%
IDA	A	1.65%
OGE	B	1.59%
POST	C	1.56%
RLI	B	1.42%
MSGS	A	1.4%
AMH	D	1.24%
NJR	A	1.24%
AM	A	1.21%
FLO	D	1.17%
NWE	B	1.13%
AFG	A	1.08%
POR	C	1.07%
GGG	B	1.06%
GNTX	C	0.99%
BKH	A	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
ELS	C	0.81%
MSA	D	0.8%
AVA	A	0.76%
LSTR	D	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
AWR	B	0.72%
OGS	A	0.72%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
RGA	A	0.67%
AGO	B	0.67%
EPRT	B	0.65%
MDU	D	0.64%
EGP	F	0.63%
SCI	B	0.62%
PRGS	A	0.58%
ACM	A	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
COLM	B	0.55%
NMIH	D	0.55%
BCPC	B	0.53%
FLS	B	0.52%
CWT	D	0.51%
FNF	B	0.51%
EPC	D	0.49%
FCN	D	0.49%
BWXT	B	0.48%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
FR	C	0.45%
CHDN	B	0.45%
PB	A	0.45%
CNO	A	0.44%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
FAF	A	0.4%
FNB	A	0.38%
CLH	B	0.38%
ASH	D	0.36%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
COOP	B	0.35%
IOSP	B	0.35%
LXP	D	0.34%
EVR	B	0.34%
KEX	C	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%
LFUS	F	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	D	0.22%
REXR	F	0.2%
PCH	D	0.19%

HSMV Underweight 188 Positions Relative to AFMC

Symbol	Grade	Weight
SFM	A	-1.96%
UTHR	C	-1.55%
TOL	B	-1.47%
EME	C	-1.33%
GDDY	A	-1.2%
AYI	B	-1.16%
MLI	C	-1.15%
ALSN	B	-1.13%
THC	D	-1.12%
KBH	D	-1.09%
FIX	A	-1.06%
VST	B	-1.04%
NRG	B	-0.99%
WSM	B	-0.98%
UNM	A	-0.96%
TPL	A	-0.94%
ACT	D	-0.87%
COKE	C	-0.87%
IBOC	A	-0.85%
OC	A	-0.8%
TMHC	B	-0.78%
HIW	D	-0.77%
WBS	A	-0.73%
CNM	D	-0.72%
TXRH	C	-0.72%
CVLT	B	-0.7%
FICO	B	-0.67%
JBL	B	-0.67%
ERIE	D	-0.65%
JXN	C	-0.65%
WPC	D	-0.65%
NTAP	C	-0.62%
NXST	C	-0.62%
BRBR	A	-0.62%
TPR	B	-0.62%
CMC	B	-0.6%
BERY	B	-0.59%
BLDR	D	-0.59%
FFIV	B	-0.58%
CUZ	B	-0.56%
EXP	A	-0.56%
PHM	D	-0.56%
SNX	C	-0.55%
DBX	B	-0.54%
PPC	C	-0.54%
CRS	A	-0.54%
TGNA	B	-0.54%
DECK	A	-0.52%
ACIW	B	-0.51%
SANM	B	-0.49%
DINO	D	-0.48%
ENS	D	-0.48%
GMED	A	-0.48%
NVST	B	-0.47%
SNA	A	-0.47%
MTH	D	-0.47%
KMT	B	-0.47%
PSN	D	-0.46%
CRUS	D	-0.46%
UHS	D	-0.45%
BCC	B	-0.45%
AMR	C	-0.45%
GHC	C	-0.44%
PINC	B	-0.44%
HNI	B	-0.44%
DDS	B	-0.43%
PK	B	-0.43%
JLL	D	-0.43%
MEDP	D	-0.43%
BTU	B	-0.43%
ONTO	D	-0.42%
GEF	A	-0.42%
NTCT	C	-0.42%
CHRD	D	-0.4%
AIZ	A	-0.4%
HALO	F	-0.39%
HLI	B	-0.39%
PVH	C	-0.39%
WSO	A	-0.38%
TEX	D	-0.37%
ANF	C	-0.37%
WFRD	D	-0.37%
STLD	B	-0.36%
BYD	C	-0.35%
MOH	F	-0.34%
UFPI	B	-0.34%
UGI	A	-0.34%
HWC	B	-0.33%
COLB	A	-0.33%
CSWI	A	-0.33%
FHN	A	-0.32%
PBF	D	-0.3%
SSB	B	-0.3%
CR	A	-0.3%
APPF	B	-0.3%
GAP	C	-0.3%
BDC	B	-0.29%
LNTH	D	-0.29%
INCY	C	-0.29%
ASO	F	-0.29%
DKS	C	-0.29%
CHRW	C	-0.28%
MANH	D	-0.27%
TTEK	F	-0.26%
WWD	B	-0.26%
AN	C	-0.26%
NVT	B	-0.26%
RL	B	-0.26%
GPI	A	-0.25%
ATKR	C	-0.25%
CATY	B	-0.25%
HOG	D	-0.25%
CNA	B	-0.25%
ZD	C	-0.25%
IBP	D	-0.25%
WCC	B	-0.25%
TDC	D	-0.24%
LPX	B	-0.24%
OLN	D	-0.24%
VMI	B	-0.24%
ESAB	B	-0.23%
NBIX	C	-0.22%
L	A	-0.22%
AIT	A	-0.22%
HST	C	-0.22%
OZK	B	-0.21%
BWA	D	-0.21%
LEA	D	-0.21%
CRVL	A	-0.21%
HOMB	A	-0.2%
PRGO	B	-0.19%
NEU	C	-0.19%
JWN	C	-0.19%
NAVI	C	-0.19%
SM	B	-0.18%
ZION	B	-0.18%
SJM	D	-0.18%
NUS	D	-0.18%
APLE	B	-0.17%
CROX	D	-0.17%
ADNT	F	-0.17%
ABG	B	-0.17%
DXC	B	-0.17%
CLF	F	-0.17%
M	D	-0.15%
CAH	B	-0.13%
BLD	D	-0.13%
VSH	D	-0.13%
OPCH	D	-0.12%
AEO	F	-0.12%
HPP	F	-0.12%
TPH	D	-0.11%
EQH	B	-0.1%
EXLS	B	-0.1%
BPMC	C	-0.1%
NSIT	F	-0.1%
ELF	C	-0.1%
BOX	B	-0.1%
GEN	B	-0.1%
AMN	F	-0.09%
HSIC	B	-0.09%
CNXC	F	-0.09%
AOS	F	-0.09%
CPT	B	-0.09%
VNT	B	-0.09%
OGN	D	-0.08%
HAE	C	-0.08%
APA	D	-0.08%
ITRI	B	-0.08%
DOCS	C	-0.07%
WU	D	-0.07%
SKX	D	-0.07%
TAP	C	-0.07%
OSCR	D	-0.07%
ASGN	F	-0.07%
AWI	A	-0.06%
DVA	B	-0.06%
PDCO	D	-0.06%
MMSI	B	-0.06%
CXT	B	-0.05%
SPSC	C	-0.05%
ZETA	D	-0.05%
BMI	B	-0.04%
ACLS	F	-0.04%
LEVI	F	-0.03%
IART	C	-0.02%
VRNS	D	-0.0%
PI	D	-0.0%