AFSM
First Trust Active Factor Small Cap ETF
AFSM is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors.
US
EQUITY
Active
MANAGEMENT STYLE
$ 85.8 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Dec 04, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TTM TECHNOLOGIES | 1.6 % |
| BLOOM ENERGY CORPORATION CLASS A | 1.2 % |
| VIAVI SOLUTIONS INC. | 1.2 % |
| AMES NATIONAL CORP | 1.0 % |
| PHOTRONICS INC | 0.9 % |
| GIGACLOUD TECHNOLOGY, INC. CLASS A | 0.9 % |
| NLIGHT, INC. | 0.9 % |
| VICOR CORP | 0.9 % |
| PERIMETER SOLUTIONS SA | 0.9 % |
| CAREER EDUCATION CORP | 0.9 % |
Constituent Breakdown
| Number of holdings | 315 |
| Herfindahl-Hirschman Index | 48 |
| Wgt avg mkt cap (mns) | $3,847 |
| Large cap (>$10bn) | 5.5% |
| Mid cap ($2-10bn) | 50.9% |
| Small cap (<$2bn) | 39.8% |
| Developed mkts. | 98.6% |
| Emerging mkts. | 0.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 89.6 % |
 |
BERMUDA | 2.6 % |
 |
MONACO | 1.3 % |
 |
BRITAIN | 1.2 % |
 |
LUXEMBOURG | 0.9 % |
 |
CAYMAN ISLANDS | 0.8 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.1% | 17.6% | 5.9% | 12.3% | 5.6% | -- | -- | 8.1% |
| Dividend Yield | 0.1% | 0.7% | 0.7% | 0.8% | 0.8% | -- | -- | 0.8% |
| Total Returns | 0.1% | 18.2% | 6.6% | 13.1% | 6.4% | -- | -- | 9.0% | Ann. Volatility | 21.0% | 21.5% | 20.6% | 19.8% | 20.9% | -- | -- | 25.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 74% |
| MSCI EAFE | 0.92 | 57% |
| MSCI Emg Mkts | 0.74 | 49% |
Liquidity Measures
| Avg. volume (000) | 21 |
| ADV traded (mns) | $1 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| 30d moving avg. (EMA) | $33.51 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.17/-0.11 |
| Bollinger Bands (Upper/Lower) | $34.66/$31.51 |
| Short interest (% of AUM) | 0.7% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AFSM |
Expenses vs. AFSM |
ALTAR Score™ vs. AFSM |
|---|---|---|---|---|
| PSC | Principal U.S. Small-Cap ETF | 25.7% | -37 bp | -2.0% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 25.3% | -55 bp | -2.2% |
| FYX | First Trust Small Cap Core AlphaDEX Fund | 24.6% | -14 bp | -1.0% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 24.0% | -46 bp | +0.1% |
| RSSL | Global X Russell 2000 ETF | 23.9% | -67 bp | -3.7% |
| ROSC | Hartford Multifactor Small Cap ETF | 22.9% | -41 bp | +1.0% |
| AVSC | Avantis U.S Small Cap Equity ETF | 22.7% | -50 bp | -2.0% |
| IWM | iShares Russell 2000 ETF | 22.5% | -56 bp | -3.8% |
| AVUV | Avantis U.S. Small Cap Value ETF | 21.9% | -50 bp | +1.7% |
| AFMC | First Trust Active Factor Mid Cap ETF | 21.9% | -10 bp | +1.0% |
Risk and Returns: AFSM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/14/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.1%
ALTAR SCORE™
76th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,200 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.1%. AFSM's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places AFSM in the 76th percentile
among funds in the category.
Sell-Side Consensus
$40.73
PRICE TARGET
+16.3%
UPSIDE