{
 "ticker": "MMSC",
 "name": "First Trust Multi-Manager Small Cap Opportunities ETF",
 "issuer": "First Trust",
 "desk": "core",
 "url": "https://etfiq.com/funds/mmsc",
 "html": "https://etfiq.com/funds/mmsc",
 "markdown": "https://etfiq.com/funds/mmsc.md",
 "as_of": "2026-10-02",
 "verdict": "MMSC is actively managed and returned +15.1% over the past year.",
 "category": {
  "id": "stocks",
  "name": "Stocks",
  "label": "Stock ETFs",
  "url": "https://etfiq.com/stocks/",
  "group": {
   "id": "us-stocks",
   "name": "U.S. stocks"
  },
  "segment": {
   "id": "us-small-growth",
   "name": "U.S. small-cap growth",
   "url": "https://etfiq.com/stocks/us-small-growth/"
  },
  "status": "classified",
  "as_of": "2026-10-04",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+15.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MMSC, total return, 1 year: +15.1%, as of Oct 2, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MMSC, expense ratio: 0.95%, as of Oct 2, 2026."
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "206",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MMSC, holdings: 206, as of Oct 2, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22128.2%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MMSC, below its high: \u22128.2%, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$53m",
   "source": "issuer page, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "MMSC, net assets: $53m (issuer page, as of Oct 2, 2026)."
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Equity fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Stocks \u00b7 U.S. small-cap growth",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$27.13",
   "source": null
  },
  {
   "key": "listed_since",
   "label": "Listed since",
   "value": "Oct 14, 2021",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$53m",
   "source": "issuer page, as of Oct 2, 2026"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22128.2%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "206",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "14.6%",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Oct 2, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "2.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.6%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "1.0%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22125.1%",
   "S&P 500": "+3.6%",
   "Gap to S&P 500": "\u22128.7 pts",
   "Gap to Nasdaq-100": "\u221210.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+12.3%",
   "S&P 500": "+17.9%",
   "Gap to S&P 500": "\u22125.6 pts",
   "Gap to Nasdaq-100": "\u221216.1 pts"
  },
  {
   "window": "1 year",
   "Total return": "+15.1%",
   "S&P 500": "+16.2%",
   "Gap to S&P 500": "\u22121.1 pts",
   "Gap to Nasdaq-100": "\u22129.2 pts"
  },
  {
   "window": "3 years",
   "Total return": "+82.7%",
   "S&P 500": "+89.3%",
   "Gap to S&P 500": "\u22126.6 pts",
   "Gap to Nasdaq-100": "\u221232.0 pts"
  },
  {
   "window": "Since listing",
   "Total return": "+32.4%",
   "S&P 500": "+86.0%",
   "Gap to S&P 500": "\u221253.6 pts",
   "Gap to Nasdaq-100": "\u221278.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How has MMSC performed?",
   "a": "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%."
  },
  {
   "q": "What does MMSC cost?",
   "a": "The prospectus expense ratio is 0.95% a year."
  },
  {
   "q": "What does MMSC hold?",
   "a": "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."
  },
  {
   "q": "How far is MMSC below its high?",
   "a": "8.2% below its high of Jun 30, 2026, measured on the reinvested series to Oct 2, 2026."
  }
 ],
 "generated": "2026-10-04",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}