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
$ 112.8 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 +
| PENGUIN SOLUTIONS INC | 1.1 % |
| BLUE BIRD CORPORATION | 0.9 % |
| NATIONAL HEALTHCARE CORP | 0.9 % |
| PAR PETROLEUM CORPORATION | 0.9 % |
| CAREER EDUCATION CORP | 0.8 % |
| MATSON INC | 0.8 % |
| AMES NATIONAL CORP | 0.8 % |
| KULICKE & SOFFA INDUSTRIES | 0.7 % |
| LIQUIDIA TECHNOLOGIES, INC. | 0.7 % |
| MADISON SQUARE GARDEN ENTERTAINMENT CORP | 0.7 % |
Constituent Breakdown
| Number of holdings | 335 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $4,824 |
| Large cap (>$10bn) | 8.5% |
| Mid cap ($2-10bn) | 52.3% |
| Small cap (<$2bn) | 37.5% |
| Developed mkts. | 98.1% |
| Emerging mkts. | 0.9% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.1 % |
 |
BERMUDA | 2.7 % |
 |
MONACO | 0.8 % |
 |
ISRAEL | 0.8 % |
 |
CANADA | 0.7 % |
 |
BRITAIN | 0.7 % |
 |
BRAZIL | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.0% | 37.6% | 20.5% | 18.3% | 9.1% | -- | -- | 11.5% |
| Dividend Yield | 0.4% | 0.8% | 0.8% | 0.8% | 0.9% | -- | -- | 0.9% |
| Total Returns | 25.4% | 38.3% | 21.3% | 19.2% | 10.0% | -- | -- | 12.4% | Ann. Volatility | 19.8% | 18.3% | 21.0% | 19.8% | 20.9% | -- | -- | 25.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.15 | 62% |
| MSCI EAFE | 0.85 | 52% |
| MSCI Emg Mkts | 0.54 | 44% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.36% |
Technical Indicators
| 30d moving avg. (EMA) | $39.31 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.60/0.68 |
| Bollinger Bands (Upper/Lower) | $41.19/$38.55 |
| 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 |
|---|---|---|---|---|
| FYX | First Trust Small Cap Core AlphaDEX Fund | 27.7% | -14 bp | -1.1% |
| PSC | Principal U.S. Small-Cap ETF | 27.2% | -37 bp | -2.0% |
| ROSC | Hartford Multifactor Small Cap ETF | 27.1% | -41 bp | +0.8% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 25.1% | -55 bp | -2.2% |
| EES | WisdomTree U.S. SmallCap Fund | 24.1% | -37 bp | +2.2% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 23.2% | -46 bp | +0.1% |
| SVAL | iShares US Small Cap Value Factor ETF | 23.0% | -55 bp | +0.6% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 22.9% | -28 bp | +1.0% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 22.8% | -36 bp | -2.7% |
| SQLV | Royce Quant Small-Cap Quality Value ETF | 22.7% | -15 bp | +1.2% |
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 7/13/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
6.6%
ALTAR SCORE™
73rd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,398 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. AFSM's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places AFSM in the 73rd percentile
among funds in the category.
Sell-Side Consensus
$41.58
PRICE TARGET
+3.2%
UPSIDE