---
ticker: "FGSM"
name: "The Advisors' Inner Circle Fund II - Frontier Asset Global Small Cap Equity ETF"
url: "https://etf.net/etf/FGSM"
grade: "C"
score: 41
graded_at: "2026-10-12"
category: "Global Active Equity"
category_rank: "26 of 44"
methodology: "https://etf.net/methodology"
---

# FGSM: The Advisors' Inner Circle Fund II - Frontier Asset Global Small Cap Equity ETF

Grade **C**, Score 41 of 100. Rank 26 of 44 in Global Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 33 | 30 of 44 |
| Mission | Not scored | — |
| Risk | 62 | 14 of 42 |
| Tradability | 51 | 25 of 44 |
| Holdings | 30 | 42 of 44 |
| Durability | 35 | 37 of 44 |

## Top holdings

The fund holds 7 positions. These are the largest 7, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | AVDV | Avantis Intl S/C Value Etf | 28.33% |
| 2 | IJR | Ishares Core S&P Small-Cap E | 21.40% |
| 3 | SMLF | Ishares Us Smallcap Equity F | 18.53% |
| 4 | ISCF | Ishares International Small | 14.23% |
| 5 | AVUV | Avantis Us Small Cap Value | 11.32% |
| 6 | NBSM | Neuberger Small-Mid Cap Etf | 6.01% |
| 7 | — | Cash | 0.19% |

Source: etf.net, https://etf.net/etf/FGSM. Please cite the page URL.