VUSE vs. AFSM ETF Comparison

Comparison of Vident Core US Equity ETF (VUSE) to Active Factor Small Cap ETF (AFSM)

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$60.97

Average Daily Volume

12,254

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

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

$32.65

Average Daily Volume

15,699

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

Performance

Period	VUSE	AFSM
30 Days	4.01%	5.15%
60 Days	7.07%	4.94%
90 Days	8.95%	5.47%
12 Months	25.76%	31.74%

22 Overlapping Holdings

Symbol	Grade	Weight in VUSE	Weight in AFSM	Overlap
ACLS	F	0.26%	0.02%	0.02%
AMR	C	0.64%	0.39%	0.39%
APPF	B	0.15%	0.49%	0.15%
AYI	B	0.74%	0.14%	0.14%
BMI	B	0.23%	0.63%	0.23%
CASH	B	0.48%	0.35%	0.35%
CORT	B	0.7%	0.57%	0.57%
CVLT	B	0.64%	0.74%	0.64%
DFIN	D	0.42%	0.46%	0.42%
EME	A	0.77%	0.79%	0.77%
EPAC	C	0.6%	0.0%	0.0%
HCC	B	0.27%	0.27%	0.27%
IDCC	B	0.8%	1.17%	0.8%
IESC	C	0.74%	0.41%	0.41%
JXN	C	0.69%	0.78%	0.69%
MEDP	D	0.18%	0.27%	0.18%
MTG	C	0.46%	0.73%	0.46%
NSSC	D	0.25%	0.19%	0.19%
OTTR	C	0.35%	0.04%	0.04%
PIPR	A	0.73%	0.25%	0.25%
PLAB	C	0.46%	0.43%	0.43%
POWL	C	0.87%	0.7%	0.7%

VUSE Overweight 104 Positions Relative to AFSM

Symbol	Grade	Weight
AMZN	C	2.68%
ORCL	A	2.4%
V	A	2.17%
JPM	A	2.09%
MA	B	2.08%
WMT	A	2.06%
HD	B	2.05%
CVX	A	2.02%
BAC	A	1.97%
XOM	B	1.89%
AAPL	C	1.87%
NVDA	B	1.84%
MSFT	D	1.8%
JNJ	C	1.76%
AVGO	D	1.72%
KO	D	1.56%
BKNG	A	1.54%
MRK	D	1.49%
NFLX	A	1.44%
MSI	B	1.33%
CMG	B	1.25%
PG	C	1.2%
ECL	D	1.16%
SNPS	B	1.16%
MAR	A	1.12%
UBER	F	1.11%
T	A	1.1%
RDDT	A	1.04%
AMAT	F	1.02%
ADP	A	1.02%
ABBV	F	1.01%
MO	A	1.0%
SBUX	A	0.98%
META	D	0.97%
GOOGL	C	0.96%
MCD	D	0.94%
TJX	A	0.93%
SHW	B	0.93%
ADBE	C	0.83%
FTNT	C	0.81%
LLY	F	0.81%
COST	A	0.78%
TMUS	B	0.78%
AMP	A	0.75%
SYK	B	0.73%
ITW	B	0.72%
CAT	B	0.72%
KLAC	F	0.69%
FICO	B	0.69%
EQH	C	0.66%
WDAY	B	0.66%
NOW	A	0.65%
ZTS	D	0.64%
EXEL	B	0.63%
PLTR	B	0.6%
CTAS	B	0.59%
NRG	B	0.58%
NYT	D	0.56%
GWW	B	0.56%
FAST	B	0.56%
BOX	B	0.55%
PLMR	A	0.54%
UTHR	C	0.54%
EA	A	0.52%
TDG	D	0.52%
PAYX	B	0.51%
VST	A	0.5%
RMD	C	0.5%
NKE	F	0.5%
ERIE	D	0.5%
LSCC	D	0.5%
ODFL	C	0.5%
IT	C	0.5%
YELP	C	0.48%
MSCI	C	0.48%
RMBS	B	0.47%
TREX	C	0.47%
DBRG	F	0.46%
QLYS	B	0.46%
JLL	D	0.46%
SHO	D	0.45%
EOG	A	0.43%
BSX	A	0.41%
JKHY	D	0.41%
MTD	F	0.39%
ANET	C	0.38%
CRUS	D	0.37%
ON	D	0.37%
A	D	0.36%
MANH	D	0.35%
CSL	C	0.35%
CRWD	B	0.31%
DOCU	B	0.29%
PANW	B	0.26%
DBX	B	0.24%
VRSK	A	0.22%
TRIP	F	0.21%
PINS	F	0.2%
AOS	F	0.19%
SPG	A	0.14%
ABNB	C	0.14%
PSTG	D	0.13%
CMCSA	B	0.13%
SEIC	B	0.11%

VUSE Underweight 273 Positions Relative to AFSM

Symbol	Grade	Weight
MLI	B	-1.38%
SKYW	C	-1.22%
NHC	C	-1.2%
SFM	A	-1.0%
CPRX	C	-0.93%
ALKS	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%
MHO	D	-0.78%
BCC	B	-0.72%
CALM	A	-0.72%
HALO	F	-0.7%
UVE	B	-0.7%
TMHC	C	-0.7%
TBBK	B	-0.7%
RDN	D	-0.7%
SANM	B	-0.67%
CEIX	A	-0.67%
MCY	A	-0.65%
SLVM	B	-0.65%
SLG	B	-0.65%
HSII	B	-0.64%
AROC	A	-0.64%
COOP	B	-0.63%
CRVL	B	-0.62%
HWKN	B	-0.61%
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%
BTU	B	-0.55%
TGNA	B	-0.55%
OFG	B	-0.54%
BXC	B	-0.54%
CHCO	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%
COKE	C	-0.51%
MUSA	B	-0.51%
GEO	B	-0.51%
PI	D	-0.5%
WT	A	-0.49%
ACT	C	-0.49%
PRDO	B	-0.47%
TEX	F	-0.47%
CSWI	B	-0.46%
PINC	B	-0.46%
HRB	D	-0.44%
DDS	B	-0.44%
USLM	A	-0.43%
LNTH	D	-0.43%
WFRD	D	-0.42%
RMR	F	-0.42%
LGND	C	-0.41%
YMAB	F	-0.41%
EVER	D	-0.41%
QTWO	A	-0.4%
ADUS	D	-0.4%
BDC	C	-0.39%
PRGS	A	-0.38%
INMD	C	-0.38%
WNC	C	-0.38%
VRNT	C	-0.38%
M	F	-0.37%
RDNT	B	-0.37%
YOU	D	-0.37%
MATX	C	-0.37%
SIG	B	-0.37%
ANIP	F	-0.37%
APOG	C	-0.37%
TILE	B	-0.37%
BPMC	B	-0.36%
CRAI	C	-0.36%
LOPE	C	-0.36%
MD	C	-0.36%
LRN	A	-0.36%
HRMY	D	-0.36%
CAL	F	-0.36%
BLBD	D	-0.36%
IIPR	D	-0.36%
HIW	C	-0.35%
CNXN	C	-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%
PBF	D	-0.32%
LPG	F	-0.32%
ATGE	B	-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%
BHE	C	-0.29%
AKR	B	-0.29%
CRDO	B	-0.29%
DNOW	B	-0.29%
HURN	C	-0.29%
SBRA	C	-0.29%
TCMD	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%
AVNS	F	-0.27%
SXC	A	-0.27%
ITCI	C	-0.27%
BNL	D	-0.27%
PSN	D	-0.27%
ABG	C	-0.26%
INTA	B	-0.26%
BKU	A	-0.26%
CCRN	F	-0.26%
PRG	C	-0.26%
VRNS	D	-0.26%
HCI	C	-0.26%
BKH	A	-0.26%
GNK	D	-0.25%
AGX	B	-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%
NTCT	C	-0.23%
LMAT	A	-0.23%
HLX	B	-0.22%
IMKTA	C	-0.22%
HDSN	F	-0.22%
SMP	C	-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%
WABC	B	-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%
INSW	F	-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%
TARS	C	-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%
BRC	D	-0.16%
KELYA	F	-0.16%
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%
METC	C	-0.14%
ALRM	C	-0.14%
MRVI	F	-0.14%
EIG	B	-0.13%
TWST	F	-0.13%
CWCO	C	-0.13%
PCRX	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	D	-0.11%
INVA	D	-0.11%
CGEM	F	-0.11%
RAMP	B	-0.1%
GFF	A	-0.1%
AMCX	C	-0.1%
ASTH	F	-0.1%
SPSC	D	-0.09%
MAX	F	-0.09%
MLKN	F	-0.08%
KRYS	C	-0.08%
KTB	B	-0.08%
ATLO	C	-0.07%
TPH	D	-0.07%
PEBK	B	-0.07%
CTRE	C	-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%
SWX	B	-0.05%
REVG	C	-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	D	-0.04%
ETD	C	-0.04%
EOLS	D	-0.04%
ANDE	D	-0.04%
COLL	F	-0.04%
PGNY	F	-0.03%
JBI	F	-0.03%
VITL	D	-0.03%
RYI	C	-0.03%
SWI	C	-0.03%
EMBC	C	-0.03%
LBRT	D	-0.03%
ACIW	B	-0.02%
MITK	C	-0.0%
MAIN	A	-0.0%