FSCS vs. EHLS ETF Comparison

Comparison of SMID Capital Strength ETF (FSCS) to Even Herd Long Short ETF (EHLS)

FSCS

SMID Capital Strength ETF

FSCS Description

The fund will normally invest at least 90% of its net assets in the securities that comprise the index. The index is designed to select dividend-paying securities issued by mid capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$38.03

Average Daily Volume

2,689

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$23.30

Average Daily Volume

2,650

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	FSCS	EHLS
30 Days	8.22%	10.27%
60 Days	8.32%	10.82%
90 Days	10.19%	13.69%
12 Months	34.50%

13 Overlapping Holdings

Symbol	Grade	Weight in FSCS	Weight in EHLS	Overlap
AIT	A	1.13%	0.55%	0.55%
ALSN	B	1.13%	0.55%	0.55%
BBSI	B	1.08%	0.54%	0.54%
CASH	A	1.05%	0.27%	0.27%
CHRD	D	0.98%	-0.29%	-0.29%
CLH	B	0.95%	0.48%	0.48%
CW	B	0.96%	1.26%	0.96%
EG	C	0.93%	-0.3%	-0.3%
EXLS	B	1.09%	0.26%	0.26%
KTB	B	1.05%	0.27%	0.27%
LYV	A	1.09%	0.26%	0.26%
PKG	A	1.04%	0.49%	0.49%
YELP	C	1.02%	-0.28%	-0.28%

FSCS Overweight 85 Positions Relative to EHLS

Symbol	Grade	Weight
LRN	A	1.5%
PRDO	B	1.21%
LOPE	B	1.21%
MLI	C	1.21%
IBKR	A	1.16%
CBSH	A	1.14%
IDCC	A	1.14%
LAUR	A	1.12%
RJF	A	1.12%
RHI	B	1.1%
CFR	B	1.09%
CRVL	A	1.08%
INGR	B	1.08%
SEIC	B	1.08%
FFIV	B	1.08%
IBOC	A	1.08%
WABC	B	1.07%
SNA	A	1.07%
IEX	B	1.06%
AIZ	A	1.06%
MCY	A	1.06%
EPAC	B	1.06%
CHCO	B	1.06%
TXRH	C	1.05%
WAT	B	1.05%
OFG	B	1.05%
FHI	A	1.05%
PJT	A	1.04%
CINF	A	1.03%
HLI	B	1.03%
PRI	A	1.03%
CPAY	A	1.02%
LANC	C	1.02%
UTHR	C	1.02%
EVR	B	1.02%
SPNT	A	1.02%
FDS	B	1.02%
EEFT	B	1.01%
GGG	B	1.01%
BR	A	1.01%
CASY	A	1.01%
DOV	A	1.01%
EHC	B	1.01%
AFG	A	1.01%
MGY	A	1.01%
HALO	F	1.0%
WTS	B	1.0%
CHD	B	1.0%
GNTX	C	0.99%
DCI	B	0.99%
RPM	A	0.99%
APAM	B	0.99%
PRGS	A	0.99%
CF	B	0.99%
CLX	B	0.99%
STLD	B	0.98%
MORN	B	0.97%
NDSN	B	0.97%
LSTR	D	0.97%
ROL	B	0.97%
MSA	D	0.97%
FBP	B	0.97%
EXPD	D	0.97%
ACM	A	0.96%
ROIV	C	0.95%
BRC	D	0.95%
WRB	A	0.94%
CBOE	B	0.92%
MKC	D	0.91%
MANH	D	0.91%
COKE	C	0.91%
BAH	F	0.91%
AOS	F	0.9%
REYN	D	0.89%
AVY	D	0.89%
CHE	D	0.89%
ALLE	D	0.89%
MMS	F	0.88%
SHOO	D	0.88%
RNR	C	0.88%
GPC	D	0.84%
FCN	D	0.83%
VRRM	D	0.83%
ERIE	D	0.82%
TTEK	F	0.81%

FSCS Underweight 258 Positions Relative to EHLS

Symbol	Grade	Weight
SPOT	B	-2.25%
BMA	B	-2.14%
CSWI	A	-2.03%
QTWO	A	-1.82%
HWM	A	-1.8%
NVDA	C	-1.72%
GDS	C	-1.71%
LMB	A	-1.7%
IRM	D	-1.68%
PIPR	B	-1.67%
META	D	-1.64%
SLG	B	-1.62%
MSI	B	-1.57%
USLM	A	-1.53%
CTAS	B	-1.48%
HWKN	B	-1.46%
GVA	A	-1.41%
IGIC	B	-1.33%
VST	B	-1.31%
SE	B	-1.3%
FICO	B	-1.3%
CVNA	B	-1.29%
CRS	A	-1.27%
ADMA	B	-1.26%
WELL	A	-1.25%
PLTR	B	-1.25%
BK	A	-1.24%
TPB	B	-1.24%
CEG	D	-1.21%
SFM	A	-1.2%
CLBT	B	-1.2%
NRG	B	-1.2%
SKT	B	-1.14%
REAX	D	-1.1%
PAM	A	-1.09%
RDNT	B	-1.08%
SLVM	B	-1.06%
ARES	A	-1.05%
DASH	A	-1.05%
FTDR	A	-1.04%
TRGP	B	-1.03%
TPL	A	-1.02%
HOOD	B	-1.01%
BRO	B	-1.0%
AXP	A	-1.0%
THC	D	-0.98%
CBRE	B	-0.98%
RSI	B	-0.98%
TMUS	B	-0.96%
NPAB	B	-0.92%
EDN	B	-0.92%
WAB	B	-0.89%
ANET	C	-0.88%
JXN	C	-0.87%
GLNG	C	-0.86%
PNTG	D	-0.84%
MOD	A	-0.82%
IESC	B	-0.79%
COOP	B	-0.78%
SKYW	B	-0.76%
CNX	A	-0.76%
ISRG	A	-0.76%
KKR	A	-0.76%
EME	C	-0.75%
BSX	B	-0.71%
PSN	D	-0.7%
CDNA	D	-0.62%
HLNE	B	-0.62%
CCB	A	-0.56%
AMAL	B	-0.56%
NBN	B	-0.54%
FTI	A	-0.53%
CNK	B	-0.51%
TWLO	A	-0.49%
VERX	B	-0.49%
PGR	A	-0.48%
FI	A	-0.48%
TYL	B	-0.48%
QFIN	B	-0.47%
HUBB	B	-0.46%
MMYT	B	-0.46%
GRBK	D	-0.46%
POWL	C	-0.45%
UFPT	B	-0.44%
RNA	D	-0.44%
ALHC	C	-0.42%
CACI	D	-0.42%
RKLB	B	-0.39%
WULF	C	-0.34%
YPF	B	-0.32%
TCBX	A	-0.3%
CEIX	A	-0.3%
FRHC	B	-0.28%
MUSA	A	-0.27%
PPTA	C	-0.27%
SOFI	A	-0.25%
MLR	B	-0.25%
PEGA	A	-0.25%
SNEX	B	-0.25%
MATX	C	-0.24%
ONON	A	-0.24%
BBW	B	-0.24%
GATO	D	-0.23%
TRUP	B	-0.23%
EXEL	B	-0.23%
AORT	B	-0.22%
CSTM	F	--0.07%
NEP	F	--0.09%
SPT	C	--0.14%
CVI	F	--0.15%
AMN	F	--0.16%
VSAT	F	--0.16%
AES	F	--0.17%
PGNY	F	--0.17%
STNG	F	--0.17%
APTV	D	--0.18%
ENPH	F	--0.18%
WU	D	--0.18%
FLNG	B	--0.19%
W	F	--0.2%
BEN	C	--0.2%
COLD	D	--0.2%
VAL	D	--0.2%
AMRC	F	--0.2%
WRLD	C	--0.2%
ASH	D	--0.21%
ELF	C	--0.21%
DG	F	--0.21%
ADNT	F	--0.21%
WSC	D	--0.21%
ASML	F	--0.22%
IGT	F	--0.22%
ENOV	C	--0.22%
PARR	D	--0.22%
FIVE	F	--0.22%
AVTR	F	--0.22%
DOOO	F	--0.22%
LEA	D	--0.22%
CSGP	D	--0.23%
MRK	F	--0.23%
ROG	D	--0.23%
DLB	B	--0.23%
NTST	D	--0.23%
APA	D	--0.23%
IMCR	D	--0.23%
NKE	D	--0.23%
TEX	D	--0.23%
ELV	F	--0.23%
MCHP	D	--0.23%
OLN	D	--0.23%
NUE	C	--0.23%
SCL	C	--0.24%
OMI	F	--0.24%
ENTG	D	--0.24%
CWT	D	--0.24%
WPC	D	--0.24%
ODP	F	--0.24%
NSP	D	--0.24%
WOR	F	--0.24%
APLS	D	--0.24%
PLD	D	--0.24%
PD	C	--0.24%
ETSY	D	--0.24%
SITE	D	--0.24%
CC	C	--0.24%
ADM	D	--0.25%
HSY	F	--0.25%
JBSS	D	--0.25%
AKAM	D	--0.25%
OTEX	D	--0.25%
FTV	C	--0.25%
PCH	D	--0.25%
IPG	D	--0.25%
MTN	C	--0.25%
FUL	F	--0.25%
PEP	F	--0.25%
F	C	--0.25%
GIS	D	--0.25%
ATKR	C	--0.25%
REXR	F	--0.25%
ALV	C	--0.25%
MGM	D	--0.26%
GO	C	--0.26%
BG	F	--0.26%
THS	D	--0.26%
ARE	D	--0.26%
STZ	D	--0.26%
ALGM	D	--0.26%
IAC	D	--0.26%
CTRA	B	--0.26%
HDB	C	--0.26%
FMX	F	--0.26%
SON	D	--0.26%
CALX	D	--0.27%
DVN	F	--0.27%
COHU	C	--0.27%
HXL	D	--0.27%
ON	D	--0.27%
MTDR	B	--0.27%
SLAB	D	--0.27%
CNI	D	--0.27%
CWH	B	--0.27%
CDW	F	--0.27%
ALB	C	--0.28%
OKTA	C	--0.28%
VTLE	C	--0.28%
MUR	D	--0.28%
VRSN	F	--0.28%
MRTN	C	--0.28%
CRL	C	--0.28%
USPH	B	--0.28%
SJW	D	--0.28%
PZZA	D	--0.28%
CENTA	C	--0.28%
TDC	D	--0.29%
FIVN	C	--0.29%
UGI	A	--0.29%
HP	B	--0.29%
SJM	D	--0.29%
LKQ	D	--0.29%
AMRK	F	--0.29%
AIN	C	--0.29%
MOS	F	--0.29%
URBN	C	--0.29%
CENT	C	--0.29%
SLB	C	--0.29%
TMO	F	--0.29%
SIGI	C	--0.29%
RPD	C	--0.29%
CIVI	D	--0.29%
EXC	C	--0.3%
PINS	D	--0.3%
ES	D	--0.3%
SNOW	C	--0.3%
WFRD	D	--0.3%
RIO	D	--0.3%
HES	B	--0.3%
AVA	A	--0.3%
AWK	D	--0.3%
PPG	F	--0.3%
EVTC	B	--0.3%
IDXX	F	--0.3%
HELE	C	--0.3%
ACI	C	--0.3%
DIOD	D	--0.3%
KMX	B	--0.31%
OXM	D	--0.31%
ZD	C	--0.31%
IRTC	D	--0.32%
CAR	C	--0.32%
VLO	C	--0.32%
ALRM	C	--0.32%
TENB	C	--0.33%
OVV	B	--0.33%
NARI	C	--0.34%
AMR	C	--0.35%
UPS	C	--0.37%
PRGO	B	--0.44%