MMSC
First Trust Multi-Manager Small Cap Opportunities ETF
MMSC is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks.
US
EQUITY
Active
MANAGEMENT STYLE
$ 44.7 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Inception date | Oct 13, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| US DOLLAR | 1.8 % |
| FABRINET | 1.6 % |
| NLIGHT, INC. | 1.5 % |
| MA-COM TECHNOLOGY SOLUTIONS | 1.4 % |
| FIRSTCASH, INC. | 1.3 % |
| BLOOM ENERGY CORPORATION CLASS A | 1.3 % |
| VSE CORP | 1.3 % |
| PLANET LABS PBC CLASS A | 1.2 % |
| FMC TECHNOLOGIES INC | 1.1 % |
| EZCORP INC-CL A | 1.1 % |
Constituent Breakdown
| Number of holdings | 217 |
| Herfindahl-Hirschman Index | 66 |
| Wgt avg mkt cap (mns) | $7,496 |
| Large cap (>$10bn) | 22.7% |
| Mid cap ($2-10bn) | 61.0% |
| Small cap (<$2bn) | 10.9% |
| Developed mkts. | 96.2% |
| Emerging mkts. | 0.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 87.0 % |
 |
CANADA | 2.3 % |
 |
ISRAEL | 1.9 % |
 |
CAYMAN ISLANDS | 1.6 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.5% | 28.4% | 15.1% | 18.2% | -- | -- | -- | 4.8% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 5.5% | 28.4% | 15.1% | 18.2% | -- | -- | -- | 4.8% | Ann. Volatility | 22.1% | 26.1% | 23.3% | 21.7% | -- | -- | -- | 24.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.19 | 77% |
| MSCI EAFE | 1.15 | 52% |
| MSCI Emg Mkts | 1.05 | 53% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| 30d moving avg. (EMA) | $24.40 |
| Relative strength (RSI) | 43 |
| MACD/Signal | -0.36/-0.34 |
| Bollinger Bands (Upper/Lower) | $25.39/$23.05 |
| Short interest (% of AUM) | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MMSC |
Expenses vs. MMSC |
ALTAR Score™ vs. MMSC |
|---|---|---|---|---|
| IWO | iShares Russell 2000 Growth ETF | 28.6% | -71 bp | +1.3% |
| FNY | First Trust Mid Cap Growth AlphaDEX Fund | 27.8% | -25 bp | +3.1% |
| VTWG | Vanguard Russell 2000 Growth ETF | 23.9% | -85 bp | +1.4% |
| VBK | Vanguard Small-Cap Growth ETF | 22.3% | -88 bp | +2.0% |
| RSSL | Global X Russell 2000 ETF | 20.3% | -87 bp | +3.4% |
| ISCG | iShares Morningstar Small-Cap Growth ETF | 19.9% | -89 bp | +3.4% |
| IWM | iShares Russell 2000 ETF | 19.1% | -76 bp | +3.3% |
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 18.3% | -35 bp | +7.1% |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 17.2% | -31 bp | +2.3% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 16.7% | -78 bp | +5.0% |
Risk and Returns: MMSC 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 4/3/2026
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
0.2%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. MMSC's ALTAR Score™ is approximately -2.7 standard
deviations above the category average. This places MMSC in the 1st percentile
among funds in the category.
Sell-Side Consensus
$30.79
PRICE TARGET
+27.4%
UPSIDE