MMSC vs. FFSM ETF Comparison

Comparison of First Trust Multi-Manager Small (MMSC) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

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

$22.30

Average Daily Volume

7,185

Number of Holdings ^*

181

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$28.93

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	MMSC	FFSM
30 Days	6.25%	5.05%
60 Days	7.98%	4.89%
90 Days	9.85%	5.78%
12 Months	42.25%	33.64%

32 Overlapping Holdings

Symbol	Grade	Weight in MMSC	Weight in FFSM	Overlap
AIT	B	0.29%	0.88%	0.29%
ALSN	B	0.43%	0.76%	0.43%
ASO	F	0.34%	0.53%	0.34%
AZEK	A	0.43%	0.3%	0.3%
BECN	B	0.22%	0.61%	0.22%
BOOT	C	0.39%	0.9%	0.39%
CIEN	C	0.3%	0.53%	0.3%
COMP	B	0.27%	0.4%	0.27%
CR	A	0.52%	1.01%	0.52%
CRNX	C	1.41%	0.19%	0.19%
EME	A	0.33%	1.81%	0.33%
ESI	B	0.24%	0.54%	0.24%
EWTX	C	0.24%	0.0%	0.0%
FN	C	0.68%	1.22%	0.68%
FSS	B	0.37%	0.6%	0.37%
FTI	A	0.94%	1.47%	0.94%
ICLR	D	0.18%	0.1%	0.1%
MEDP	D	0.44%	0.57%	0.44%
MMS	F	0.57%	0.6%	0.57%
MNDY	C	0.7%	0.14%	0.14%
MRUS	F	0.35%	0.07%	0.07%
MTSI	B	0.51%	0.57%	0.51%
NUVL	C	0.38%	0.16%	0.16%
PCVX	D	0.97%	0.32%	0.32%
RGEN	D	0.45%	0.19%	0.19%
SKY	A	0.5%	0.3%	0.3%
TENB	C	0.37%	0.45%	0.37%
TMDX	F	0.51%	0.9%	0.51%
VRT	B	0.51%	1.14%	0.51%
WHD	B	0.27%	1.01%	0.27%
WIX	A	0.34%	0.5%	0.34%
XENE	D	0.73%	0.09%	0.09%

MMSC Overweight 149 Positions Relative to FFSM

Symbol	Grade	Weight
AXON	A	2.41%
BRBR	A	1.67%
CYBR	A	1.65%
AAON	B	1.39%
VRNS	D	1.29%
SGBX	F	1.13%
COHR	B	1.09%
PLMR	A	1.05%
AVAV	C	0.99%
SFM	A	0.97%
MOD	A	0.93%
KTOS	B	0.91%
HQY	A	0.9%
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%
EZPW	B	0.72%
EXEL	B	0.71%
CVNA	B	0.68%
LGND	C	0.68%
HEI	A	0.67%
VSEC	C	0.66%
CVLT	B	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%
PIPR	A	0.57%
TTEK	F	0.57%
BCPC	B	0.56%
FLS	B	0.56%
ITRI	C	0.55%
POWL	C	0.55%
ECPG	C	0.55%
MKTX	D	0.55%
WULF	C	0.54%
ICFI	F	0.53%
WING	D	0.51%
SITE	F	0.5%
KNSL	B	0.5%
FIX	A	0.5%
LTH	C	0.5%
PZZA	F	0.49%
UPST	B	0.48%
VIRT	A	0.48%
ITGR	B	0.47%
KMPR	A	0.46%
PSN	D	0.46%
EVR	B	0.45%
STRL	A	0.45%
WVE	C	0.45%
TBBK	B	0.44%
HUBG	A	0.44%
CRS	B	0.43%
TREX	C	0.43%
SITM	B	0.42%
BROS	A	0.42%
WAL	B	0.42%
KRNT	B	0.41%
NTNX	B	0.41%
GLOB	B	0.41%
KYMR	D	0.41%
RARE	F	0.4%
LAD	A	0.4%
INTA	B	0.39%
GMED	A	0.38%
ONTO	F	0.38%
TECH	F	0.38%
SKWD	A	0.38%
IRTC	C	0.37%
RYTM	C	0.37%
TOST	B	0.37%
VERX	A	0.36%
RBRK	A	0.36%
MOG.A	B	0.35%
PRO	C	0.35%
S	B	0.35%
UEC	B	0.35%
HSTM	B	0.35%
LNN	B	0.34%
RNA	C	0.34%
ITCI	C	0.33%
BMI	B	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%
LRN	A	0.29%
MEG	F	0.29%
LNTH	D	0.29%
SHAK	C	0.28%
PSTG	D	0.28%
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%
QNST	B	0.24%
FIVE	F	0.23%
PI	D	0.23%
ASPN	F	0.2%
BRZE	C	0.19%
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%
OSCR	D	0.11%
CELH	F	0.1%
CSWI	B	0.07%
INSM	C	0.06%

MMSC Underweight 139 Positions Relative to FFSM

Symbol	Grade	Weight
UHS	D	-1.5%
TPX	B	-1.46%
ACGL	C	-1.45%
EXP	B	-1.44%
MUSA	B	-1.34%
NSIT	F	-1.33%
AR	B	-1.27%
BJ	A	-1.22%
ITT	A	-1.2%
CROX	D	-1.17%
PFGC	B	-1.16%
USFD	A	-1.16%
SN	D	-1.11%
JLL	D	-1.1%
MOH	F	-1.1%
CACI	D	-1.06%
RRX	B	-1.01%
ORI	A	-0.96%
SNX	D	-0.95%
DOX	D	-0.92%
AIZ	A	-0.91%
LNG	A	-0.9%
DFS	B	-0.89%
SNV	C	-0.88%
DKS	D	-0.84%
STX	C	-0.84%
AYI	B	-0.81%
TGLS	B	-0.81%
FAF	A	-0.77%
BC	C	-0.76%
VTR	B	-0.76%
RGA	A	-0.76%
NXST	C	-0.75%
SF	B	-0.75%
PNFP	B	-0.73%
PCG	A	-0.72%
HLI	A	-0.71%
GPK	C	-0.71%
AEIS	C	-0.66%
ACM	B	-0.66%
ASGN	F	-0.65%
AES	F	-0.65%
LPX	B	-0.65%
KBH	D	-0.64%
FCNCA	A	-0.63%
ON	D	-0.62%
CMC	B	-0.6%
LBRT	D	-0.59%
G	B	-0.59%
VNT	C	-0.59%
CBT	D	-0.59%
CADE	B	-0.59%
WBS	A	-0.57%
NOG	B	-0.57%
PRI	B	-0.56%
EPRT	B	-0.56%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	F	-0.56%
CHDN	B	-0.54%
WTFC	A	-0.52%
CRL	D	-0.52%
CWK	C	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
IESC	C	-0.51%
GMS	B	-0.51%
AFG	A	-0.49%
EBC	B	-0.49%
CTRE	C	-0.49%
EAT	A	-0.47%
CNM	D	-0.47%
KBR	F	-0.46%
BOKF	B	-0.46%
BLDR	D	-0.46%
OLN	F	-0.45%
PRCT	B	-0.44%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	B	-0.42%
TEX	F	-0.42%
ARGX	B	-0.41%
LW	C	-0.4%
MASI	B	-0.39%
IP	A	-0.37%
CXT	C	-0.36%
CAH	B	-0.36%
GVA	A	-0.35%
RUSHA	C	-0.35%
AZZ	A	-0.34%
GTES	A	-0.33%
WFRD	D	-0.33%
FLEX	B	-0.31%
UPBD	B	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
LEA	F	-0.3%
GRBK	D	-0.3%
CNXC	F	-0.29%
IBTX	B	-0.29%
FBP	C	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
AMN	F	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	C	-0.2%
ACLX	C	-0.19%
KFRC	D	-0.18%
CYTK	F	-0.18%
MDGL	B	-0.16%
AAP	D	-0.15%
XPRO	D	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VCEL	B	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
CLDX	F	-0.1%
AUTL	F	-0.08%
TCBK	C	-0.08%
PBH	A	-0.06%
ARVN	F	-0.04%
ATKR	D	-0.01%
FIBK	B	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
ZNTL	F	-0.0%