RUNN vs. SMCO ETF Comparison

Comparison of Running Oak Efficient Growth ETF (RUNN) to Hilton Small-MidCap Opportunity ETF (SMCO)

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.71

Average Daily Volume

43,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMCO

Hilton Small-MidCap Opportunity ETF

SMCO Description

The Sub-Adviser uses its proprietary Small & Mid Cap Opportunities investment process ("SMCO Process") to seek risk-adjusted returns by investing in U.S. equity securities within the small- and mid-cap asset classes. The fund"s portfolio will typically consist of between 50-75 stocks. The fund"s portfolio will consistently consist of stocks that the Sub-Adviser deems fundamentally attractive and reasonably valued. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in equity securities of small- and mid-capitalization companies.

Grade (RS Rating)

Last Trade

$26.68

Average Daily Volume

14,894

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RUNN	SMCO
30 Days	0.59%	3.80%
60 Days	3.60%	6.11%
90 Days	6.44%	9.44%
12 Months	29.69%

8 Overlapping Holdings

Symbol	Grade	Weight in RUNN	Weight in SMCO	Overlap
BR	B	1.81%	1.43%	1.43%
DOX	D	1.65%	1.15%	1.15%
EME	A	1.82%	2.47%	1.82%
J	D	1.86%	1.58%	1.58%
NVT	C	1.71%	1.97%	1.71%
SAIA	C	1.79%	1.91%	1.79%
STE	D	1.64%	1.17%	1.17%
TDY	B	1.83%	1.94%	1.83%

RUNN Overweight 47 Positions Relative to SMCO

Symbol	Grade	Weight
HON	B	1.9%
CW	B	1.86%
FDS	B	1.86%
AME	A	1.86%
ETN	B	1.86%
WSO	A	1.86%
PH	B	1.85%
PRI	B	1.85%
FI	A	1.85%
TXRH	B	1.84%
ITT	B	1.83%
GWW	B	1.83%
LDOS	C	1.83%
RBA	A	1.82%
ADP	B	1.82%
BSX	A	1.82%
V	A	1.82%
SYK	A	1.8%
ACN	B	1.79%
BRO	B	1.78%
DRI	C	1.78%
NSC	B	1.77%
GD	D	1.76%
IR	B	1.75%
DECK	A	1.75%
RSG	A	1.74%
GGG	B	1.74%
FELE	B	1.74%
CACI	D	1.74%
GOOG	B	1.72%
APD	A	1.72%
CSL	C	1.72%
SSNC	C	1.71%
TSCO	D	1.71%
TJX	A	1.71%
ROP	C	1.7%
AJG	A	1.68%
UNH	B	1.68%
TTC	F	1.68%
CI	D	1.67%
MMC	D	1.64%
BDX	F	1.63%
ICE	D	1.6%
AVY	D	1.59%
FCN	D	1.57%
IQV	F	1.55%
ICLR	D	1.52%

RUNN Underweight 53 Positions Relative to SMCO

Symbol	Grade	Weight
KD	A	-2.92%
CLH	C	-2.78%
HLI	A	-2.67%
PRIM	A	-2.6%
DY	D	-2.48%
LYV	A	-2.47%
CFR	B	-2.17%
MGNI	B	-2.17%
CBU	B	-2.14%
EQT	A	-2.08%
RL	C	-2.06%
MC	B	-1.91%
BWXT	B	-1.78%
MTSI	B	-1.75%
CBSH	B	-1.75%
BURL	B	-1.72%
CYBR	A	-1.68%
CIEN	B	-1.66%
PLNT	A	-1.64%
CMC	B	-1.59%
BJ	B	-1.57%
IDA	A	-1.56%
BAH	F	-1.54%
VVV	D	-1.52%
RNR	C	-1.51%
MKSI	C	-1.5%
SFM	B	-1.45%
RS	B	-1.43%
COLD	D	-1.42%
ENTG	F	-1.42%
TECH	F	-1.34%
IRT	A	-1.3%
DBRG	F	-1.28%
SNX	C	-1.27%
POOL	D	-1.21%
ATR	B	-1.18%
CRL	D	-1.17%
SMPL	B	-1.16%
LSTR	D	-1.13%
CWEN	C	-1.12%
TENB	D	-1.11%
CTRA	B	-1.1%
CMS	C	-1.04%
WST	C	-1.02%
ARES	A	-1.0%
TFX	F	-0.92%
HP	C	-0.91%
ASH	F	-0.91%
MGY	A	-0.9%
ICFI	F	-0.77%
REXR	F	-0.76%
ARE	F	-0.75%
ELF	C	-0.74%