SMCO vs. RINC ETF Comparison

Comparison of Hilton Small-MidCap Opportunity ETF (SMCO) to AXS Real Estate Income ETF (RINC)

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

$23.59

Average Daily Volume

2,153

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RINC

AXS Real Estate Income ETF

RINC Description

The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.77

Average Daily Volume

5,555

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMCO	RINC
30 Days	-0.88%	0.70%
60 Days	1.97%	0.08%
90 Days	0.53%	-0.02%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in SMCO	Weight in RINC	Overlap

SMCO Overweight 10 Positions Relative to RINC

Symbol	Grade	Weight
DY	B	3.02%
CLH	B	2.95%
PRIM	D	2.58%
KD	C	2.41%
EME	D	2.4%
NVT	D	2.39%
HLI	A	2.3%
BURL	B	2.18%
LYV	C	2.03%
RL	C	2.03%

SMCO Underweight 10 Positions Relative to RINC

Symbol	Grade	Weight
ABR	B	-5.04%
LADR	A	-4.83%
RWT	B	-4.62%
EFC	B	-4.61%
FBRT	C	-4.6%
STWD	D	-4.53%
ARR	B	-4.47%
RITM	D	-4.46%
KREF	D	-4.46%
TWO	B	-4.38%