# MMSC (First Trust Multi-Manager Small Cap Opportunities ETF)

First Trust · Stock ETFs · U.S. small-cap growth · data as of Oct 2, 2026

MMSC is actively managed and returned +15.1% over the past year.

## Key facts

- MMSC, total return, 1 year: +15.1%, as of Oct 2, 2026.
- MMSC, expense ratio: 0.95%, as of Oct 2, 2026.
- MMSC, holdings: 206, as of Oct 2, 2026.
- MMSC, below its high: −8.2%, as of Oct 2, 2026.
- MMSC, net assets: $53m (issuer page, as of Oct 2, 2026).

## MMSC over each window to Oct 2, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −5.1% | +3.6% | −8.7 pts | −10.4 pts |
| 6 months | +12.3% | +17.9% | −5.6 pts | −16.1 pts |
| 1 year | +15.1% | +16.2% | −1.1 pts | −9.2 pts |
| 3 years | +82.7% | +89.3% | −6.6 pts | −32.0 pts |
| Since listing | +32.4% | +86.0% | −53.6 pts | −78.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · U.S. small-cap growth | ETFIQ |
| Expense ratio | 0.95% | 485BPOS XBRL, Dec 29, 2025 |
| Price | $27.13 | ETFIQ |
| Listed since | Oct 14, 2021 | ETFIQ |
| Net assets | $53m | issuer page, as of Oct 2, 2026 |
| Below its high | −8.2% | ETFIQ |
| Holdings | 206 | ETFIQ |
| Top ten weight | 14.6% | ETFIQ |
| Holdings published for | Oct 2, 2026 | the issuer’s daily file |
| Already in the S&P 500, by weight | 2.8% | ETFIQ |
| Active share vs the S&P 500 | 99.6% | ETFIQ |
| Already in the Nasdaq-100, by weight | 1.0% | ETFIQ |

## Questions

### 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.


## Cite this page

ETFIQ, MMSC, data as of Oct 2, 2026. https://etfiq.com/funds/mmsc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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