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First Trust Active Factor Small Cap ETF

AFSM
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 03 2019
Expense Ratio
0.75%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$32,209
AUM
$6,172,549
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

ELF
e.l.f. Beauty Inc
0.98%
WIRE
Encore Wire Corp.
0.98%
MLI
Mueller Industries, Inc.
0.95%
SANM
Sanmina Corp
0.94%
ACLS
Axcelis Technologies Inc
0.89%
BCC
Boise Cascade Co
0.86%
ARCB
ArcBest Corp
0.81%
OTTR
Otter Tail Corporation
0.80%
LPX
Louisiana-Pacific Corp.
0.79%
ATKR
Atkore Inc
0.79%
Invest with AFSM

What is AFSM?

The First Trust Active Factor Small Cap ETF 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 Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

ETFs related toAFSM

ETFs correlated to AFSM include SMLF, DFAS, AVSC

AFSM
First Trust Exchange-Traded Fund VIII - First Trust Active Factor Small Cap ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Small-Cap Multifactor ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
JMEE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Market Expansion Enhanced Equity ETF
JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity ETF
SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
PSC
Principal Exchange-Traded Funds - Principal U.S. Small-Cap Multi-Factor ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAFSM

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with AFSM using Composer

FAQ

AFSM is a US Equities ETF. The First Trust Active Factor Small Cap ETF 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 Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. The multi-factor quantitative methodology currently used by the Fund may take into account the following factors: (i) value; (ii) momentum; (iii) quality; and (iv) low volatility.

The top holdings for AFSM include e.l.f. Beauty Inc, Encore Wire Corp., and Mueller Industries, Inc..

AFSM has 309 total holdings.

Yes, AFSM is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AFSM is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AFSM is 0.0825%. This is the percent change in the value of AFSM over the most recent 1-month period. The 3-month return on AFSM is 0.1003%. This is the percent change in the value of AFSM over the most recent 3-month period.

The standard deviation of AFSM for the past year is 0.2489%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AFSM include SPLV, SPHQ, and DSI.

ETFs correlated to AFSM include SMLF, DFAS, and AVSC.

ETFs that are inversely correlated to AFSM include RWM, TWM, and SRTY.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.