ETF Research

MMSC: FIRST TRUST MULTI-MANAGER SMALL CAP OPPORTUNITIES ETF

Generated from StockValueFinder data · Updated Oct 12, 2026 12:17 AM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

What this ETF is trying to do

The First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) focuses on small-cap companies. Instead of one person picking all the stocks, it uses a multi-manager approach to find opportunities in smaller businesses.

What the numbers show

As of October 5, 2026, the share price was $27.33. The fund has shown growth over several timeframes:

• Year-to-Date: The price return and total return are both approximately 14.13%.

• One Year: The price return and total return are both approximately 15.72%.

• Three Years: The price return was approximately 82.42%, while the total return was slightly higher at approximately 83.13%.

To put the one-year growth in perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($23.61), the price-only increase would have grown that investment to approximately $11,572.

Income and Distribution Explanation

This ETF is not designed for investors seeking regular cash payments. The distribution yield is 0%, and no distributions were detected over the last 12 months. Because there are no payouts, the price return and total return for the current year and the past year are identical.

NAV Erosion Explanation

"NAV erosion" happens when the internal value of a fund's assets drops over time. This ETF has an erosion-risk score of 100, and the label states "No price erosion detected." Additionally, the severe erosion-risk flag is false, meaning the fund has not triggered warnings for substantial price deterioration.

Top Holdings

The fund holds 205 different assets. Because the list is partial, here are the top holdings as of October 7, 2026:

• Twist Bioscience Corp: 2.17%

• Xometry Inc: 1.90%

• Zeta Global Holdings Corp: 1.55%

• JFrog Ltd: 1.46%

• Travere Therapeutics Inc: 1.45%

• Guardant Health Inc: 1.44%

• FirstCash Holdings Inc: 1.39%

• Varonis Systems Inc: 1.22%

• Protagonist Therapeutics Inc: 1.13%

• Ligand Pharmaceuticals Inc: 1.12%

Pros

• Strong three-year total return of approximately 83.13%.

• No detected NAV erosion and a "good" erosion severity rating.

• Positive price returns over the short and medium term.

Cons

• Provides no cash income or distributions for investors.

• Small-cap stocks can be more volatile than large companies.

Beginner Takeaway

MMSC is a growth-oriented fund that invests in small companies. It has seen significant price increases over the last three years. However, it does not pay dividends. Investors who need a steady stream of cash income may find the 0% yield misleading if they are looking for a "paycheck" from their investments.

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

205 holdings available
# Holding Ticker Weight
1 TWIST BIOSCIENCE CORP TWST 2.17%
2 XOMETRY INC ORDINARY SHARES CLASS A XMTR 1.90%
3 ZETA GLOBAL HOLDINGS CORP CLASS A ZETA 1.55%
4 JFROG LTD ORDINARY SHARES FROG 1.46%
5 TRAVERE THERAPEUTICS INC ORDINARY SHARES TVTX 1.45%
6 GUARDANT HEALTH INC GH 1.44%
7 FIRSTCASH HOLDINGS INC FCFS 1.39%
8 VARONIS SYSTEMS INC VRNS 1.22%
9 PROTAGONIST THERAPEUTICS INC PTGX 1.13%
10 LIGAND PHARMACEUTICALS INC LGND 1.12%
Show all 205 holdings
1. TWIST BIOSCIENCE CORP TWST 2.17%
2. XOMETRY INC ORDINARY SHARES CLASS A XMTR 1.90%
3. ZETA GLOBAL HOLDINGS CORP CLASS A ZETA 1.55%
4. JFROG LTD ORDINARY SHARES FROG 1.46%
5. TRAVERE THERAPEUTICS INC ORDINARY SHARES TVTX 1.45%
6. GUARDANT HEALTH INC GH 1.44%
7. FIRSTCASH HOLDINGS INC FCFS 1.39%
8. VARONIS SYSTEMS INC VRNS 1.22%
9. PROTAGONIST THERAPEUTICS INC PTGX 1.13%
10. LIGAND PHARMACEUTICALS INC LGND 1.12%
11. RUBRIK INC CLASS A SHARES RBRK 1.11%
12. REPLIGEN CORP RGEN 1.04%
13. SPYRE THERAPEUTICS INC SYRE 1.04%
14. HALOZYME THERAPEUTICS INC HALO 1.02%
15. SAILPOINT INC SAIL 1.02%
16. SILICON MOTION TECHNOLOGY CORP ADR SIMO 1.02%
17. VSE CORP VSEC 0.98%
18. n/a PRAX 0.93%
19. EZCORP INC REGISTERED SHS -A- NON VTG EZPW 0.86%
20. n/a DFTX 0.85%
21. OLLIE'S BARGAIN OUTLET HOLDINGS INC OLLI 0.85%
22. MORGAN STANLEY INSTL LQUDTY TRS INSTL MISXX 0.83%
23. EXELIXIS INC EXEL 0.81%
24. EDGEWISE THERAPEUTICS INC EWTX 0.80%
25. DIGITALOCEAN HOLDINGS INC DOCN 0.78%
26. MANHATTAN ASSOCIATES INC MANH 0.76%
27. FASTLY INC CLASS A FSLY 0.75%
28. BIOLIFE SOLUTIONS INC BLFS 0.73%
29. RBC BEARINGS INC RBC 0.72%
30. WISDOMTREE INC WT 0.72%
31. ACADIAN ASSET MANAGEMENT INC AAMI 0.70%
32. MAXLINEAR INC MXL 0.70%
33. VIRTU FINANCIAL INC CLASS A VIRT 0.69%
34. BANDWIDTH INC CLASS A BAND 0.68%
35. ICON PLC ICLR 0.68%
36. MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC MTSI 0.66%
37. LIFE TIME GROUP HOLDINGS INC LTH 0.64%
38. HERC HOLDINGS INC HRI 0.63%
39. KYMERA THERAPEUTICS INC ORDINARY SHARES KYMR 0.62%
40. LEONARDO DRS INC DRS 0.62%
41. MEDPACE HOLDINGS INC MEDP 0.62%
42. SEPTERNA INC SEPN 0.62%
43. AEROVIRONMENT INC AVAV 0.61%
44. FIVE9 INC FIVN 0.61%
45. GLAUKOS CORP GKOS 0.61%
46. SCHOLAR ROCK HOLDING CORP SRRK 0.61%
47. BOOT BARN HOLDINGS INC BOOT 0.60%
48. FIVE BELOW INC FIVE 0.60%
49. IRHYTHM HOLDINGS INC IRTC 0.60%
50. PIPER SANDLER COS PIPR 0.60%
51. ENCORE CAPITAL GROUP INC ECPG 0.59%
52. LATTICE SEMICONDUCTOR CORP LSCC 0.59%
53. FIRST WATCH RESTAURANT GROUP INC FWRG 0.58%
54. IMAX CORP IMAX 0.57%
55. MAGNOLIA OIL & GAS CORP CLASS A MGY 0.57%
56. POWELL INDUSTRIES INC POWL 0.57%
57. THE CHEFS' WAREHOUSE INC CHEF 0.56%
58. VICTORIA'S SECRET & CO VSXY 0.56%
59. HEALTHEQUITY INC HQY 0.55%
60. PTC THERAPEUTICS INC PTCT 0.55%
61. WINGSTOP INC WING 0.55%
62. SEMTECH CORP SMTC 0.54%
63. SUPERNUS PHARMACEUTICALS INC SUPN 0.54%
64. THE DESCARTES SYSTEMS GROUP INC n/a 0.54%
65. ONTO INNOVATION INC ONTO 0.53%
66. NETSKOPE INC ORDINARY SHARES CLASS A NTSK 0.52%
67. NLIGHT INC LASR 0.52%
68. XENON PHARMACEUTICALS INC XENE 0.52%
69. DAVE INC ORDINARY SHARES CLASS A DAVE 0.51%
70. ADAPTIVE BIOTECHNOLOGIES CORP ADPT 0.50%
71. KARMAN HOLDINGS INC KRMN 0.50%
72. KRATOS DEFENSE & SECURITY SOLUTIONS INC KTOS 0.50%
73. MOOG INC CLASS A MOG-A 0.49%
74. n/a VNOM 0.49%
75. RAMBUS INC RMBS 0.49%
76. AMYLYX PHARMACEUTICALS INC AMLX 0.48%
77. AXT INC AXTI 0.48%
78. EVERPURE INC CLASS A P 0.48%
79. NATERA INC NTRA 0.47%
80. ROBERT HALF INC RHI 0.47%
81. SITIME CORP ORDINARY SHARES SITM 0.47%
82. TIDEWATER INC TDW 0.47%
83. CECO ENVIRONMENTAL CORP CECO 0.46%
84. GENIUS SPORTS LTD GENI 0.46%
85. PAYMENTUS HOLDINGS INC CLASS A PAY 0.46%
86. REMITLY GLOBAL INC RELY 0.46%
87. AGILYSYS INC AGYS 0.45%
88. BALCHEM CORP BCPC 0.45%
89. CAMTEK LTD CAMT 0.45%
90. CUSTOMERS BANCORP INC CUBI 0.45%
91. SENTINELONE INC CLASS A S 0.45%
92. PALOMAR HOLDINGS INC PLMR 0.44%
93. TECHNIPFMC PLC n/a 0.44%
94. AXSOME THERAPEUTICS INC AXSM 0.43%
95. BWX TECHNOLOGIES INC BWXT 0.43%
96. FLYWIRE CORP FLYW 0.43%
97. GUIDEWIRE SOFTWARE INC GWRE 0.43%
98. AXOGEN INC AXGN 0.42%
99. ULTRA CLEAN HOLDINGS INC UCTT 0.42%
100. AMPRIUS TECHNOLOGIES INC AMPX 0.41%
101. GLOBUS MEDICAL INC CLASS A GMED 0.41%
102. MAXIMUS INC MMS 0.41%
103. SEZZLE INC SEZL 0.41%
104. ALMONTY INDUSTRIES INC ALM 0.40%
105. ARCHROCK INC AROC 0.40%
106. COGNEX CORP CGNX 0.40%
107. IMPINJ INC PI 0.40%
108. AGCO CORP AGCO 0.39%
109. COMPASS INC CLASS A COMP 0.39%
110. FIGS INC CLASS A FIGS 0.39%
111. STONEX GROUP INC SNEX 0.39%
112. E.L.F. BEAUTY INC ELF 0.38%
113. ELASTIC NV ESTC 0.38%
114. IAMGOLD CORP n/a 0.38%
115. IMMUNOME INC ORDINARY SHARES IMNM 0.38%
116. n/a KNX 0.38%
117. STEVEN MADDEN LTD SHOO 0.38%
118. FABRINET FN 0.37%
119. n/a ANDG 0.37%
120. RYAN SPECIALTY HOLDINGS INC CLASS A RYAN 0.37%
121. STAR BULK CARRIERS CORP SBLK 0.37%
122. TAT TECHNOLOGIES LTD TATT 0.37%
123. VIAVI SOLUTIONS INC VIAV 0.37%
124. AMBARELLA INC AMBA 0.36%
125. CELLDEX THERAPEUTICS INC CLDX 0.36%
126. FEDERAL SIGNAL CORP FSS 0.36%
127. GARRETT MOTION INC ORDINARY SHARES NEW GTX 0.36%
128. n/a NP 0.36%
129. THE VITA COCO CO INC COCO 0.35%
130. WEBULL CORP CLASS A ORDINARY SHARES BULL 0.35%
131. GLOBAL E ONLINE LTD GLBE 0.34%
132. LITHIA MOTORS INC CLASS A LAD 0.34%
133. AAON INC AAON 0.33%
134. n/a RSI 0.33%
135. POWER INTEGRATIONS INC POWI 0.33%
136. SPORTRADAR GROUP AG CLASS A SRAD 0.33%
137. AMERICAN SUPERCONDUCTOR CORP AMSC 0.32%
138. ARROWHEAD PHARMACEUTICALS INC ARWR 0.32%
139. BRAZE INC CLASS A BRZE 0.32%
140. COGENT BIOSCIENCES INC COGT 0.32%
141. GENERAC HOLDINGS INC GNRC 0.32%
142. INTERDIGITAL INC IDCC 0.32%
143. LINDSAY CORP LNN 0.32%
144. AEHR TEST SYSTEMS AEHR 0.31%
145. KORNIT DIGITAL LTD KRNT 0.31%
146. MADRIGAL PHARMACEUTICALS INC MDGL 0.31%
147. SITEONE LANDSCAPE SUPPLY INC SITE 0.31%
148. BULLISH BLSH 0.30%
149. COMMVAULT SYSTEMS INC CVLT 0.30%
150. DPC HOLDINGS PLC DPC 0.30%
151. ENOVA INTERNATIONAL INC ENVA 0.30%
152. JAMES HARDIE INDUSTRIES PLC JHX 0.30%
153. ZURN ELKAY WATER SOLUTIONS CORP ZWS 0.30%
154. PARK AEROSPACE CORP PKE 0.29%
155. STERLING INFRASTRUCTURE INC STRL 0.29%
156. TITAN MACHINERY INC TITN 0.29%
157. VERACYTE INC VCYT 0.29%
158. ANTERO RESOURCES CORP AR 0.28%
159. FRESHPET INC FRPT 0.28%
160. HUT 8 CORP HUT 0.28%
161. MARRIOTT VACATIONS WORLDWIDE CORP VAC 0.28%
162. MERCURY SYSTEMS INC MRCY 0.28%
163. TEREX CORP TEX 0.28%
164. BRIGHT HORIZONS FAMILY SOLUTIONS INC BFAM 0.27%
165. CHAMPION HOMES INC SKY 0.27%
166. INNOVEX INTERNATIONAL INC INVX 0.27%
167. ALKERMES PLC ALKS 0.26%
168. EXLSERVICE HOLDINGS INC EXLS 0.26%
169. HARLEY-DAVIDSON INC HOG 0.26%
170. n/a MIR 0.26%
171. OCEANEERING INTERNATIONAL INC OII 0.26%
172. INSTALLED BUILDING PRODUCTS INC IBP 0.25%
173. KODIAK GAS SERVICES INC KGS 0.25%
174. n/a GPOR 0.25%
175. n/a TARS 0.25%
176. OPENLANE INC OPLN 0.25%
177. SCORPIO TANKERS INC STNG 0.25%
178. CSW INDUSTRIALS INC CSW 0.24%
179. ESCO TECHNOLOGIES INC ESE 0.24%
180. RUSH ENTERPRISES INC CLASS A RUSHA 0.24%
181. CONSTRUCTION PARTNERS INC CLASS A ROAD 0.23%
182. HEARTFLOW INC HTFL 0.23%
183. MODINE MANUFACTURING CO MOD 0.23%
184. THE TIMKEN CO TKR 0.23%
185. HELMERICH & PAYNE INC HP 0.22%
186. PERIMETER SOLUTIONS INC PRM 0.22%
187. DIANTHUS THERAPEUTICS INC DNTH 0.21%
188. THE CHEESECAKE FACTORY INC CAKE 0.21%
189. FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A FIGR 0.20%
190. URANIUM ENERGY CORP UEC 0.20%
191. CACTUS INC CLASS A WHD 0.19%
192. FIRST ADVANTAGE CORP FA 0.19%
193. ATRICURE INC ATRC 0.18%
194. NAVAN INC ORDINARY SHARES CLASS A NAVN 0.17%
195. VISHAY PRECISION GROUP INC VPG 0.17%
196. CARDINAL INFRASTRUCTURE GROUP INC ORDINARY SHARES- CLASS A CDNL 0.16%
197. CROCS INC CROX 0.16%
198. EOS ENERGY ENTERPRISES INC ORDINARY SHARES CLASS A EOSE 0.16%
199. STRUCTURE THERAPEUTICS INC ADR GPCR 0.16%
200. TOAST INC CLASS A TOST 0.16%
201. YETI HOLDINGS INC YETI 0.16%
202. RED VIOLET INC ORDINARY SHARES RDVT 0.15%
203. UNIVERSAL TECHNICAL INSTITUTE INC UTI 0.10%
204. CASH n/a 0.00%
205. OMNIAB n/a 0.00%
Holdings data last updated Oct 7, 2026 7:15 AM .
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