MMSC vs. INNO ETF Comparison

Comparison of First Trust Multi-Manager Small (MMSC) to Harbor Disruptive Innovation ETF (INNO)

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$20.66

Average Daily Volume

9,205

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$16.01

Average Daily Volume

9,924

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MMSC	INNO
30 Days	6.19%	7.19%
60 Days	13.79%	14.00%
90 Days	7.05%	0.63%
12 Months	37.95%	32.52%

11 Overlapping Holdings

Symbol	Grade	Weight in MMSC	Weight in INNO	Overlap
CGNX	F	0.27%	1.27%	0.27%
ICLR	F	0.37%	0.71%	0.37%
LSCC	D	0.28%	0.72%	0.28%
MEDP	F	0.4%	0.85%	0.4%
MNDY	B	0.76%	0.86%	0.76%
MTSI	B	0.48%	0.72%	0.48%
PCVX	C	1.23%	0.32%	0.32%
PODD	C	0.15%	0.56%	0.15%
S	C	0.32%	0.78%	0.32%
SAIA	D	0.22%	0.37%	0.22%
TOST	B	0.27%	1.44%	0.27%

MMSC Overweight 168 Positions Relative to INNO

Symbol	Grade	Weight
AXON	A	2.07%
CYBR	C	1.78%
BRBR	A	1.51%
SGBX	F	1.31%
WING	C	1.26%
CRNX	C	1.24%
VRNS	B	1.24%
AAON	A	1.21%
TMDX	D	1.17%
PLMR	A	1.12%
MOD	B	1.07%
COHR	B	1.07%
MANH	A	1.05%
AVAV	B	0.95%
ONTO	B	0.93%
SPSC	D	0.9%
BFAM	C	0.88%
KTOS	B	0.87%
FTI	B	0.87%
GKOS	B	0.86%
FRPT	A	0.8%
SFM	A	0.79%
RBC	C	0.78%
GWRE	A	0.77%
RYAN	A	0.77%
HQY	B	0.77%
CW	A	0.76%
CWAN	B	0.74%
SMTC	C	0.71%
XENE	D	0.71%
FCN	C	0.71%
NTRA	A	0.7%
TTEK	A	0.69%
TNDM	D	0.68%
HALO	D	0.68%
EXEL	B	0.67%
MMS	C	0.67%
EZPW	C	0.67%
ERJ	C	0.66%
KNF	B	0.66%
HEI	C	0.66%
LGND	C	0.62%
ICFI	C	0.62%
ACHC	F	0.62%
IBP	C	0.62%
FSS	D	0.59%
PSN	A	0.59%
BCPC	C	0.58%
FIX	A	0.58%
ECPG	F	0.57%
VIRT	B	0.57%
MKTX	B	0.56%
LTH	B	0.55%
SITE	D	0.55%
MGY	B	0.55%
CR	A	0.55%
SUPN	D	0.54%
PZZA	D	0.53%
NUVL	B	0.53%
SKY	C	0.52%
RVLV	C	0.52%
CVLT	B	0.51%
CVNA	A	0.51%
SWN	D	0.5%
PIPR	A	0.5%
RGEN	F	0.49%
RARE	D	0.49%
VRT	B	0.49%
ATI	C	0.48%
KYMR	D	0.47%
ITGR	B	0.47%
ENV	C	0.47%
VSEC	D	0.46%
CRDO	B	0.46%
ASPN	C	0.45%
AZEK	D	0.45%
BROS	F	0.45%
TBBK	A	0.45%
STRL	B	0.45%
GMED	B	0.44%
KNSL	B	0.44%
FN	B	0.43%
TECH	D	0.43%
TREX	D	0.43%
HUBG	D	0.42%
CRS	B	0.42%
WAL	C	0.42%
ASO	D	0.41%
POWL	B	0.41%
MEG	F	0.41%
NEOG	F	0.4%
EVR	C	0.4%
AZTA	F	0.39%
AMRC	C	0.39%
ITRI	C	0.39%
WHD	A	0.38%
BOOT	B	0.38%
INTA	C	0.38%
KMPR	D	0.37%
TENB	D	0.37%
ALSN	A	0.37%
GLOB	D	0.37%
ESI	C	0.36%
MGNI	D	0.36%
BMI	A	0.35%
MRUS	D	0.35%
LNN	C	0.35%
SKWD	A	0.34%
HCI	B	0.34%
MOG.A	C	0.34%
COMP	C	0.34%
KRNT	A	0.34%
APPF	C	0.34%
WULF	C	0.34%
HSTM	B	0.33%
RYTM	C	0.33%
BLFS	D	0.33%
WIX	D	0.33%
OSCR	C	0.32%
LRN	D	0.32%
UEC	C	0.32%
RNA	B	0.31%
PSTG	F	0.31%
SITM	A	0.3%
NTNX	C	0.3%
EME	B	0.3%
PRO	F	0.3%
VERX	B	0.29%
ITCI	D	0.29%
SDGR	F	0.29%
ALTR	B	0.29%
POWI	F	0.29%
SLAB	D	0.28%
BECN	D	0.28%
MTH	C	0.28%
KRYS	D	0.27%
IRTC	F	0.27%
LNTH	C	0.27%
KFY	C	0.27%
LASR	F	0.27%
RBRK	D	0.27%
CHEF	C	0.27%
MAX	C	0.26%
RXO	D	0.26%
AMBA	C	0.26%
ANF	D	0.26%
FIVE	D	0.26%
AIT	B	0.25%
ALKT	D	0.24%
ENVX	D	0.24%
QNST	C	0.23%
QLYS	F	0.22%
ROAD	C	0.22%
FWRG	F	0.22%
GNRC	B	0.22%
UPST	C	0.21%
RMBS	F	0.21%
LAD	C	0.2%
EWTX	B	0.2%
ZETA	B	0.19%
PI	A	0.19%
DNUT	F	0.17%
RXST	F	0.17%
BRZE	F	0.15%
CELH	F	0.09%
CUBI	F	0.07%
INSM	D	0.06%
CSWI	A	0.06%

MMSC Underweight 56 Positions Relative to INNO

Symbol	Grade	Weight
LRCX	D	-4.13%
NOW	B	-3.93%
NVDA	B	-3.81%
MELI	D	-3.36%
GOOG	B	-3.31%
PGR	B	-3.1%
CDNS	D	-3.0%
DHR	D	-2.99%
LIN	C	-2.87%
SHOP	B	-2.87%
AMZN	C	-2.85%
URI	C	-2.81%
DASH	A	-2.47%
TXN	C	-2.46%
IOT	C	-2.21%
MSFT	D	-2.07%
META	A	-2.07%
ASND	C	-1.99%
GOOGL	B	-1.93%
AMD	C	-1.72%
CMG	C	-1.56%
TEAM	D	-1.55%
NET	D	-1.12%
PCOR	D	-1.09%
DDOG	B	-1.09%
NFLX	A	-1.02%
SAP	C	-0.89%
HUBS	D	-0.89%
GTLS	D	-0.84%
SE	B	-0.81%
AMAT	C	-0.73%
PANW	B	-0.72%
ZS	F	-0.69%
MRNA	F	-0.67%
BSY	D	-0.65%
LLY	D	-0.65%
DT	B	-0.64%
ROKU	C	-0.63%
NU	D	-0.61%
MDB	D	-0.61%
CRM	B	-0.6%
TSM	B	-0.58%
GEV	A	-0.57%
SQ	D	-0.54%
OKTA	F	-0.54%
DKNG	C	-0.52%
LEGN	F	-0.51%
HUBB	A	-0.45%
RCKT	F	-0.43%
TSLA	C	-0.4%
SNOW	F	-0.4%
CRWD	D	-0.38%
GLBE	C	-0.37%
TDG	A	-0.36%
DXCM	F	-0.31%
BCYC	D	-0.17%