ATLASFirst Trust Active Factor Small Cap ETF (AFSM): outlook, holdings and fees
First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.71% and the yield is 0.52%. The ten largest holdings are 9% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on AFSM
| Last price | $39.59 (-1.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $38.72 – $40.87 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 0.52% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
AFSM fund facts
| Issuer | First Trust |
|---|---|
| Theme | US small caps |
| Assets under management | $129M |
| Expense ratio | 0.71% |
| Number of holdings | 50 |
| Portfolio turnover | 57% |
| Inception | Dec 3, 2019 |
| Exchange | NYSE |
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.
AFSM top holdings
| Holding | Sector | Weight |
|---|---|---|
| Par Pacific Holdings Inc PARR | Energy | 1.12% |
| Penguin Solutions, Inc. PENG | Technology | 1.03% |
| National HealthCare Corporation NHC | Healthcare | 0.92% |
| Matson Inc MATX | Industrials | 0.84% |
| Teekay Tankers Ltd TNK | Energy | 0.85% |
| Abercrombie & Fitch Company ANF | Consumer Cyclical | 0.85% |
| Kiniksa Pharmaceuticals Ltd KNSA | Healthcare | 0.74% |
| Eton Pharmaceuticals Inc ETON | Healthcare | 0.74% |
| Heritage Insurance Hldgs Inc HRTG | Financial Services | 0.73% |
| Protagonist Therapeutics Inc PTGX | Healthcare | 0.71% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
AFSM sector breakdown
| Sector | Weight |
|---|---|
| Technology | 20.2% |
| Healthcare | 19.7% |
| Financial Services | 16.0% |
| Industrials | 12.1% |
| Consumer Cyclicals | 9.5% |
| Energy | 8.6% |
| Communication Services | 4.1% |
| Real Estate | 3.6% |
| Basic Materials | 3.1% |
| Consumer Defensive | 2.7% |
| Utilities | 0.5% |
By region: North America 96.8%, Latin America 1.3%, Asia Emerging 0.7%, Europe Developed 0.5%, United Kingdom 0.4%.
AFSM returns and risk
| Year to date | +21.6% |
|---|---|
| 1 year | +22.7% |
| 3 years (annualised) | +19.2% |
| 5 years (annualised) | +9.0% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 19.1% |
| Sharpe ratio (3 years) | 0.76 |
Past returns do not guarantee future results.
AFSM: frequently asked questions
What does AFSM invest in?
First Trust Active Factor Small Cap ETF invests in a portfolio of securities. Its largest holdings are Par Pacific Holdings Inc (1.1%), Penguin Solutions, Inc. (1.0%), National HealthCare Corporation (0.9%), Matson Inc (0.8%), Teekay Tankers Ltd (0.9%).
What is the AFSM expense ratio?
0.71% a year: about $71.00 for every $10,000 invested.
What is the AFSM dividend yield?
0.52%. ATLAS does not hold the exact distribution dates for ETFs.
Will AFSM go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $38.72 to $40.87 from $39.59 today. It is a probability, not a prediction.
How has AFSM performed?
Year to date +21.6%, one year +22.7%, three years +19.2% a year, five years +9.0% a year. Past returns do not guarantee future results.
Similar ETFs: US small caps
Educational information, not investment advice. Disclaimer