AMID vs. SMCO ETF Comparison

Comparison of Argent Mid Cap ETF (AMID) to Hilton Small-MidCap Opportunity ETF (SMCO)

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$35.27

Average Daily Volume

12,471

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

$24.82

Average Daily Volume

15,308

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMID	SMCO
30 Days	2.02%	3.04%
60 Days	2.29%	1.98%
90 Days	9.18%	4.73%
12 Months	35.66%

1 Overlapping Holdings

	Symbol	Grade	Weight in AMID	Weight in SMCO	Overlap
	HLI	C	2.84%	2.43%	2.43%

AMID Overweight 9 Positions Relative to SMCO

Symbol	Grade	Weight
FICO	B	5.5%
CDW	D	3.72%
CTAS	C	3.54%
BLDR	C	3.44%
DHI	C	3.43%
CPRT	D	3.43%
HCA	B	2.97%
MEDP	F	2.97%
CBZ	F	2.89%

AMID Underweight 9 Positions Relative to SMCO

Symbol	Grade	Weight
CLH	C	-3.0%
KD	F	-2.64%
PRIM	B	-2.4%
DY	C	-2.39%
EME	B	-2.07%
LYV	A	-2.07%
CBU	D	-2.06%
COLD	D	-2.02%
NVT	C	-1.96%