# Portfolio overlap — AFMCX vs SQLV

Comparing **ACUITAS US MICROCAP FUND** (2026-03-31) and **Royce Quant Small-Cap Quality Value ETF** (2026-03-31).

- Shared positions: 54
- ACUITAS US MICROCAP FUND covered by Royce Quant Small-Cap Quality Value ETF: 0.1246963441696565198587624380
- Royce Quant Small-Cap Quality Value ETF covered by ACUITAS US MICROCAP FUND: 0.1246963441696565198587624382

## ACUITAS US MICROCAP FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| DUCOMMUN INC | 0.024080 |  |
| SELECT WATER SOLUTIONS INC CL A | 0.019721 |  |
| FRST AM-GV OB-X | 0.016686 |  |
| THERMON GROUP HOLDINGS INC | 0.015701 |  |
| US ULTRA BOND CBT Sep25 | 0.013990 |  |
| ADTRAN HOLDINGS INC | 0.013275 |  |
| IRADIMED CORP | 0.012240 | ✓ |
| CORE MOLDING TECH INC | 0.012163 |  |
| MESA LABS | 0.011647 |  |
| GRAHAM CORPORATION | 0.010896 |  |
| VISHAY PRECISION GROUP INC | 0.010499 | ✓ |
| ULTRA CLEAN HOLDINGS INC | 0.010256 |  |
| CUSTOMERS BANCORP INC | 0.009657 |  |
| NPK INTERNATIONAL INC | 0.009570 |  |
| PARK AEROSPACE CORP | 0.009549 | ✓ |
| CRYOPORT INC | 0.009239 |  |
| FIRST WESTERN FINANCIAL INC | 0.009232 |  |
| HARSCO CORP | 0.009203 |  |
| FTAI INFRASTRUCTURE LLC | 0.008865 |  |
| MAGNITE INC | 0.008838 |  |
| ALLIENT INC | 0.008607 |  |
| AVIAT NETWORKS INC | 0.008442 |  |
| COHU INC | 0.008356 |  |
| 908 DEVICES INC | 0.008048 |  |
| ENOVA INTL INC | 0.007936 |  |
| EL POLLO LOCO HO | 0.007924 | ✓ |
| KURA SUSHI USA INC CL A | 0.007914 |  |
| UNITED INSURANCE | 0.007604 | ✓ |
| AVANOS MEDICAL INC | 0.007602 | ✓ |
| MAMA'S CREATIONS INC | 0.007481 |  |
| TRANSCAT INC | 0.007274 | ✓ |
| PACIRA BIOSCIENCES INC | 0.007224 | ✓ |
| BARRETT BUS SVCS | 0.007218 | ✓ |
| INTEST CORP | 0.007198 | ✓ |
| CLIMB GLOBAL SOLUTIONS INC | 0.006976 |  |
| A10 NETWORKS INC | 0.006442 | ✓ |
| NB BANCORP INC | 0.006343 |  |
| VAALCO ENERGY INC | 0.006341 |  |
| PROFICIENT AUTO LOGISTICS INC | 0.006109 | ✓ |
| SOLARIS OIL IN-A | 0.006100 |  |
| ARHAUS INC | 0.006079 |  |
| GEOSPACE TECHNOLOGIES CORP | 0.005992 |  |
| AMPLITUDE INC | 0.005954 |  |
| CRA INTERNATIONAL INC | 0.005916 |  |
| SI-BONE INC | 0.005899 |  |
| TEXAS CAPITAL BANCSHARES INC | 0.005855 |  |
| MATERION CORP | 0.005850 |  |
| International General Insurance Holdings, Ltd. | 0.005710 |  |
| NIAGEN BIOSCIENCE INC | 0.005672 | ✓ |
| REGIONAL MANAGEMENT CORP | 0.005545 |  |

## Royce Quant Small-Cap Quality Value ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CRESCENT ENERGY INC A | 0.008724 |  |
| FEDERATED HERMES INC | 0.008694 |  |
| VICTORY CAPITAL HOLDINGS INC CL A | 0.008449 |  |
| FRESH DEL MONTE PRODUCE INC | 0.008383 |  |
| SM ENERGY CO | 0.008042 | ✓ |
| LCI INDUSTRIES | 0.007498 |  |
| INTL BANCSHARES | 0.007082 |  |
| CABOT CORP | 0.006647 |  |
| THE BUCKLE INC | 0.006604 |  |
| PERDOCEO EDUCATION CORP | 0.006542 |  |
| STRIDE INC | 0.006488 |  |
| Bath & Body Works Inc | 0.006411 |  |
| IRIDIUM COMMUNICATIONS INC | 0.006345 |  |
| H&R BLOCK INC | 0.006152 |  |
| DXC TECHNOLOGY CO | 0.006119 |  |
| ENVISTA HOLDINGS CORP | 0.006062 |  |
| NMI HOLDINGS INC A | 0.005911 |  |
| TUTOR PERINI CORP | 0.005801 | ✓ |
| NCR ATLEOS CORP | 0.005713 |  |
| KOHLS CORP | 0.005697 |  |
| INNOVIVA INC | 0.005653 |  |
| SKYWEST INC | 0.005637 |  |
| WESTERN UNION CO | 0.005613 |  |
| NEPTUNE INSURANCE HOLDINGS INC | 0.005606 |  |
| MONARCH CASINO and RESORT INC | 0.005486 |  |
| PHINIA INC | 0.005485 |  |
| CAL-MAINE FOODS INC | 0.005482 |  |
| CATHAY GENERAL BANCORP | 0.005463 |  |
| PHOTRONICS INC | 0.005389 | ✓ |
| NWPX INFRASTRUCTURE INC | 0.005370 |  |
| TALOS ENERGY INC | 0.005365 |  |
| WHITE MOUNTAINS INS GROUP LTD | 0.005343 |  |
| HELIX ENERGY SOL GRP INC | 0.005329 |  |
| UNITY BANCORP INC | 0.005277 | ✓ |
| MASTERBRAND INC | 0.005274 |  |
| SLIDE INSURANCE HOLDINGS INC | 0.005259 |  |
| ARTISAN PARTNERS ASSET MANAGEMENT INC A | 0.005229 |  |
| PEDIATRIX MEDICAL GROUP INC | 0.005211 | ✓ |
| ABERCROMBIE & FI | 0.005209 |  |
| ZIFF DAVIS INC | 0.005182 |  |
| KORN FERRY | 0.005182 |  |
| SALLY BEAUTY HOL | 0.005176 |  |
| FIRST FIN COR/IN | 0.005172 | ✓ |
| GENTEX CORP | 0.005131 |  |
| PREFERRED BANK LOS ANGELES | 0.005103 |  |
| HARLEY-DAVIDSON INC | 0.005068 |  |
| SUPERNUS PHARMACEUTICALS INC | 0.005050 | ✓ |
| SPECTRUM BRANDS HOLDINGS INC | 0.005031 |  |
| MERCANTILE BANK CORP | 0.004959 | ✓ |
| LEMAITRE VASCULAR INC | 0.004932 | ✓ |


## Sources

- N-PORT (fund A) — accession `0001576367-26-000098` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1576367/000157636726000098/0001576367-26-000098-index.htm>
- N-PORT (fund B) — accession `0000940400-26-020753` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1645194/000094040026020753/0000940400-26-020753-index.htm>

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