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MMSC · First Trust Multi-Manager Small Cap Opportunities ETF

Equity fundActively managed0.95% fee$53mSince Oct 14, 2021Fund page at the issuer ↗SEC filings ↗
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MMSC is actively managed and returned +15.1% over the past year.

+15.1%
Total return, 1 year
0.95%
Expense ratio
206
Holdings
−8.2%
Below its high
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3M Jul 2 – Oct 2, 2026−5.1%+3.6%−8.7 pts−10.4 pts
6M Apr 2 – Oct 2, 2026+12.3%+17.9%−5.6 pts−16.1 pts
1Y Oct 2, 2025 – Oct 2, 2026+15.1%+16.2%−1.1 pts−9.2 pts
3Y Oct 3, 2023 – Oct 2, 2026+82.7%+89.3%−6.6 pts−32.0 pts
Since listing Oct 14, 2021 – Oct 2, 2026+32.4%+86.0%−53.6 pts−78.3 pts

MMSC over each window to Oct 2, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.

MMSC top ten by weight, 14.6% of its 206 equity positions, from the holdings published by its issuer for Oct 2, 2026. An index fund holds what the index holds, so this is the index. Source: the issuer’s own daily file.

Twist Bioscience Corporation TWST 2.09%
Xometry, Inc. (Class A) XMTR 1.87%
Zeta Global Holdings Corp. (Class A) ZETA 1.58%
JFrog Ltd. FROG 1.42%
Guardant Health, Inc. GH 1.41%
Travere Therapeutics, Inc. TVTX 1.38%
FirstCash Holdings, Inc. FCFS 1.37%
Varonis Systems, Inc. VRNS 1.21%
Rubrik, Inc. (Class A) RBRK 1.13%
Protagonist Therapeutics, Inc. PTGX 1.11%
Holdings, the issuer’s own daily file ↗
Head to head
Funds near this one
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In plain words

MMSC is actively managed and tracks no index. Over the year to Oct 2, 2026 it returned +15.1% with distributions reinvested, against +16.2% for the S&P 500 and +24.3% for the Nasdaq-100. The prospectus expense ratio is 0.95% a year. By its holdings published by its issuer for Oct 2, 2026, 3% of the fund by weight is stocks the S&P 500 also holds, across 206 positions, with the top ten at 14.6%. It sat 8.2% below its high of Jun 30, 2026 on Oct 2, 2026.
What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. small-cap growth
Expense ratio (485BPOS XBRL, Dec 29, 2025)0.95%
Price$27.13
Listed sinceOct 14, 2021
Net assets (issuer page, as of Oct 2, 2026)$53m
Below its high (ETFIQ)−8.2%
Holdings206
Top ten weight14.6%
Holdings published for (the issuer’s daily file)Oct 2, 2026
Already in the S&P 500, by weight (ETFIQ)2.8%
Active share vs the S&P 500 (ETFIQ)99.6%
Already in the Nasdaq-100, by weight (ETFIQ)1.0%
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Questions people ask about MMSC

How has MMSC performed?
Over the year to Oct 2, 2026, MMSC returned +15.1% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +82.7%.
What does MMSC cost?
The prospectus expense ratio is 0.95% a year.
What does MMSC hold?
206 positions as published by its issuer for Oct 2, 2026, with the top ten at 14.6% of the fund. 3% of its weight is in stocks the S&P 500 also holds.
How far is MMSC below its high?
8.2% below its high of Jun 30, 2026, measured on the reinvested series to Oct 2, 2026.
Sources and dates
Prices, MMSC and S&P 500Tiingo end-of-day · Oct 2, 2026
Fee, 0.95%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $53mIssuer page · Oct 2, 2026
HoldingsHoldings, the issuer’s own daily file · Oct 2, 2026 ↗
IssuerFirst Trust page for MMSC ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceFirst Trust’s own site ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ETFIQ covers core, leveraged and inverse, buffer, thematic, option-income, alternatives and spot crypto ETFs. This fund is here because the other funds here are measured against it and portfolios hold it. ETFIQ is an independent publisher and makes no recommendations. Standards and sources

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, MMSC, core fund, data as of Oct 2, 2026. https://etfiq.com/funds/mmsc

Free to use with attribution; the underlying files are at Open data.

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