# Portfolio overlap — USVM vs AFMC

Comparing **VictoryShares US Small Mid Cap Value Momentum ETF** (2026-03-31) and **First Trust Active Factor Mid Cap ETF** (2026-02-28).

- Shared positions: 90
- VictoryShares US Small Mid Cap Value Momentum ETF covered by First Trust Active Factor Mid Cap ETF: 0.2557105667961524793977951870
- First Trust Active Factor Mid Cap ETF covered by VictoryShares US Small Mid Cap Value Momentum ETF: 0.2557105667961524793977951869

## VictoryShares US Small Mid Cap Value Momentum ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ONE GAS INC | 0.007389 |  |
| SPIRE INC | 0.006959 |  |
| AVISTA CORP | 0.006927 |  |
| DYNEX CAPITAL | 0.006924 |  |
| ELLINGTON FINANCIAL INC | 0.006727 |  |
| PORTLAND GENERAL ELECTRIC CO | 0.006717 |  |
| NORTHWEST NATURAL HOLDING CO | 0.006607 |  |
| BROADSTONE NET LEASE INC | 0.006256 |  |
| BLACK HILLS CORP | 0.006234 |  |
| AGNC INVESTMENT CORP | 0.006192 |  |
| ASSURED GUARANTY | 0.006009 |  |
| FEDERATED HERMES INC | 0.005998 | ✓ |
| BLACKSTONE MORTGAGE TR CL A | 0.005973 |  |
| OTTER TAIL CORPORATION | 0.005940 |  |
| UGI CORP NEW | 0.005819 | ✓ |
| Invesco Government & Agency Portfolio, Institutional Class | 0.005798 |  |
| MONEYMKT | 0.005798 |  |
| HSBC US GOVT MMKT-I | 0.005798 |  |
| MSILF-GOVT-INS | 0.005798 |  |
| NETSTREIT CORP | 0.005697 |  |
| MDU RESOURCES GROUP INC | 0.005595 |  |
| RITHM CAPITAL CORP | 0.005494 |  |
| AMERICAN HEALTHCARE REIT INC | 0.005292 | ✓ |
| AXIS CAPITAL | 0.005282 |  |
| EASTERLY GOVERNMENT PROPERTIES INC | 0.005206 |  |
| ESSENT GROUP LTD | 0.005193 |  |
| APPLE HOSPITALITY REIT INC | 0.005108 | ✓ |
| MGIC INVT CORP | 0.005074 | ✓ |
| ENACT HOLDINGS INC | 0.005066 | ✓ |
| RENAISSANCERE | 0.005055 |  |
| GLOBAL NET LEASE INC | 0.005040 |  |
| WASHINGTON FEDERAL INC | 0.005019 |  |
| BOK FINL CORP | 0.004980 | ✓ |
| UNIVERSAL CORP | 0.004949 |  |
| HILLTOP HOLDINGS | 0.004895 |  |
| LXP INDUSTRIAL TRUST REIT | 0.004893 |  |
| UNITED BANKSHS | 0.004873 |  |
| WHITE MOUNTAINS | 0.004856 |  |
| TD SYNNEX CORP | 0.004846 | ✓ |
| RADIAN GROUP INC | 0.004791 | ✓ |
| UNUM GROUP | 0.004781 | ✓ |
| WSFS FINANCIAL CORP | 0.004776 |  |
| DOLBY LABORATORIES INC CL A | 0.004761 | ✓ |
| OLD REPUBLIC INTL CORP | 0.004759 | ✓ |
| BOYD GAMING CORP | 0.004748 | ✓ |
| AMERIS BANCORP | 0.004705 |  |
| POPULAR INC | 0.004676 | ✓ |
| GREIF INC-CL A | 0.004674 | ✓ |
| EPR PROPERTIES | 0.004672 | ✓ |
| ORMAT TECHNOLOGIES INC | 0.004626 |  |

## First Trust Active Factor Mid Cap ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TECHNIPFMC PLC | 0.013823 |  |
| MUELLER INDUSTRIES INC | 0.013030 | ✓ |
| CASEY'S GENERAL | 0.012634 |  |
| BORGWARNER INC | 0.012610 | ✓ |
| FEDERATED HERMES INC | 0.011365 | ✓ |
| EXELIXIS INC | 0.010868 |  |
| RENAISSANCERE HLDGS LTD | 0.010784 |  |
| CURTISS WRIGHT CORPORATION | 0.010482 |  |
| WOODWARD INC | 0.010253 |  |
| AFFIL MANAGERS | 0.010178 | ✓ |
| COMFORT SYSTEMS USA INC | 0.010094 |  |
| NATL FUEL GAS CO | 0.010089 |  |
| KENNAMETAL INC | 0.009462 | ✓ |
| ALCOA CORP | 0.009099 |  |
| FLEX LTD | 0.008998 |  |
| TAPESTRY INC | 0.008969 |  |
| OLD REPUBLIC INTL CORP | 0.008582 | ✓ |
| HALOZYME THERAPEUTICS INC | 0.008151 |  |
| UNITED THERAPEUTICS CORP DEL | 0.007889 |  |
| UNUM GROUP | 0.007877 | ✓ |
| UGI CORP NEW | 0.007829 | ✓ |
| JABIL INC | 0.007800 |  |
| CROWN HOLDINGS INC | 0.007764 |  |
| OSHKOSH CORP | 0.007756 | ✓ |
| CIRRUS LOGIC INC | 0.007687 | ✓ |
| MGIC INVT CORP | 0.007675 | ✓ |
| TOLL BROTHERS INC | 0.007635 |  |
| CIENA CORP | 0.007597 |  |
| ALLISON TRANSMISSION HLDGS INC | 0.007343 |  |
| COCA COLA CONSOLIDATED INC | 0.007187 |  |
| PEABODY ENERGY CORP | 0.007072 | ✓ |
| TIMKEN CO | 0.007063 |  |
| ENERSYS INC | 0.007063 | ✓ |
| JONES LANG LASALLE INC | 0.007055 |  |
| FIRST HORIZON CORP | 0.007046 | ✓ |
| DILLARDS INC CL A | 0.007033 | ✓ |
| POPULAR INC | 0.006991 | ✓ |
| EPR PROPERTIES | 0.006968 | ✓ |
| ENACT HOLDINGS INC | 0.006877 | ✓ |
| MAXIMUS INC | 0.006873 | ✓ |
| OMEGA HEALTHCARE INVESTORS INC | 0.006845 |  |
| FIRSTCASH HOLDINGS INC | 0.006816 | ✓ |
| CACI INTL-A | 0.006609 | ✓ |
| GAMING AND LEISURE PROPRTI INC | 0.006569 |  |
| LEAR CORP NEW | 0.006560 | ✓ |
| GENPACT LTD | 0.006536 |  |
| CAL-MAINE FOODS INC | 0.006454 | ✓ |
| TD SYNNEX CORP | 0.006402 | ✓ |
| GLOBE LIFE INC | 0.006336 |  |
| MATSON INC | 0.006313 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001004726-26-004321` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1547580/000100472626004321/0001004726-26-004321-index.htm>
- N-PORT (fund B) — accession `0000940400-26-014536` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1667919/000094040026014536/0000940400-26-014536-index.htm>

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