HSMV vs. RUNN ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Running Oak Efficient Growth ETF (RUNN)

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.39

Average Daily Volume

1,160

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

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

$33.46

Average Daily Volume

24,807

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	RUNN
30 Days	1.88%	3.37%
60 Days	7.16%	9.78%
90 Days	10.13%	9.87%
12 Months	25.86%	32.57%

3 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in RUNN	Overlap
CACI	A	1.48%	1.88%	1.48%
G	A	0.31%	1.95%	0.31%
PRI	A	0.71%	1.95%	0.71%

HSMV Overweight 143 Positions Relative to RUNN

Symbol	Grade	Weight
ATR	A	2.04%
ORI	A	1.7%
POST	C	1.7%
INGR	B	1.67%
SEIC	B	1.65%
DTM	A	1.62%
CTRE	C	1.6%
OGE	C	1.53%
IDA	D	1.46%
MSGS	A	1.37%
ADC	C	1.33%
DCI	B	1.33%
AMH	D	1.31%
CHE	D	1.29%
RLI	A	1.28%
FLO	D	1.26%
NJR	C	1.22%
AM	A	1.2%
NWE	C	1.18%
NNN	C	1.16%
NFG	A	1.15%
FHI	A	1.14%
OHI	C	1.13%
POR	D	1.11%
AFG	A	1.08%
GNTX	D	1.06%
MMS	C	1.06%
GGG	C	1.04%
GLPI	C	1.04%
NYT	C	1.02%
MDU	C	0.97%
DLB	D	0.93%
EHC	C	0.91%
FCPT	C	0.9%
EPR	C	0.89%
BKH	C	0.89%
MSA	F	0.87%
KBR	A	0.85%
ELS	D	0.83%
EFC	D	0.83%
LSTR	F	0.78%
ESNT	A	0.78%
AVA	D	0.77%
ENSG	D	0.77%
PECO	C	0.72%
AWR	B	0.71%
CBSH	D	0.71%
OGS	C	0.71%
RNR	A	0.7%
EGP	D	0.7%
EPRT	C	0.68%
PBH	D	0.68%
LOPE	D	0.67%
SLGN	B	0.66%
CPK	C	0.65%
RGA	B	0.65%
RPM	A	0.63%
CW	A	0.63%
NMIH	B	0.61%
AMG	B	0.61%
AGO	B	0.6%
SF	A	0.6%
FCN	C	0.59%
IDCC	A	0.59%
PRGS	A	0.59%
SCI	D	0.58%
JHG	A	0.58%
FELE	C	0.57%
SBRA	C	0.57%
MTG	A	0.57%
ACM	A	0.56%
COLM	B	0.56%
BCPC	C	0.54%
CWT	D	0.54%
ARW	C	0.54%
RS	D	0.52%
AVT	B	0.52%
FNF	C	0.52%
EPC	F	0.52%
CHH	A	0.52%
GATX	F	0.51%
FR	D	0.48%
FLS	A	0.47%
LANC	F	0.47%
MSM	D	0.47%
LAMR	C	0.46%
MUSA	D	0.46%
BRX	C	0.46%
RYN	C	0.45%
CHDN	C	0.44%
PFGC	A	0.43%
ASH	F	0.42%
BWXT	A	0.42%
BLKB	C	0.42%
FAF	C	0.41%
SAIC	A	0.41%
RDN	D	0.41%
PB	D	0.4%
JEF	A	0.39%
CLH	B	0.39%
ENR	B	0.39%
CNO	B	0.39%
MAN	D	0.38%
ITT	C	0.38%
LXP	D	0.38%
GPK	D	0.38%
RGLD	C	0.35%
ABM	D	0.35%
IOSP	F	0.35%
BJ	B	0.35%
CSL	A	0.34%
AGCO	D	0.33%
FNB	D	0.33%
JJSF	C	0.33%
COOP	B	0.33%
LECO	D	0.33%
MTN	D	0.31%
JAZZ	F	0.31%
EXEL	B	0.3%
KEX	C	0.3%
EVR	C	0.3%
MIDD	D	0.29%
CRI	D	0.28%
HRB	C	0.28%
ALV	F	0.28%
ONB	D	0.28%
KFY	C	0.28%
CUBE	C	0.27%
LFUS	C	0.27%
EVTC	D	0.27%
R	C	0.27%
LII	C	0.26%
ORA	C	0.26%
OSK	F	0.26%
AIN	F	0.26%
FSS	D	0.25%
HXL	F	0.24%
PLXS	A	0.24%
REXR	D	0.24%
CASY	D	0.24%
IRT	D	0.23%
PCH	C	0.21%
NSA	D	0.15%

HSMV Underweight 7 Positions Relative to RUNN

Symbol	Grade	Weight
SSNC	C	-2.02%
ICE	A	-1.98%
BRO	A	-1.97%
AJG	C	-1.94%
FI	A	-1.94%
UNH	B	-1.92%
TJX	D	-1.89%