CWS vs. MGMT ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Ballast Small/Mid Cap ETF (MGMT)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$70.77

Average Daily Volume

13,976

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MGMT

Ballast Small/Mid Cap ETF

MGMT Description

The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.

Grade (RS Rating)

Last Trade

$43.78

Average Daily Volume

12,246

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	MGMT
30 Days	2.85%	15.23%
60 Days	3.29%	14.37%
90 Days	5.36%	16.31%
12 Months	29.09%	27.93%

1 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in MGMT	Overlap
	AGM	C	3.63%	3.51%	3.51%

CWS Overweight 24 Positions Relative to MGMT

Symbol	Grade	Weight
FICO	B	6.68%
FI	A	5.35%
MLR	B	5.32%
HEI	B	5.2%
APH	A	4.89%
AFL	B	4.57%
SYK	C	4.3%
MCO	B	4.15%
ICE	C	4.12%
COR	B	4.02%
SLGN	A	3.96%
ROL	B	3.86%
INTU	C	3.78%
BR	A	3.77%
OTIS	C	3.73%
FDS	B	3.54%
ABT	B	3.54%
AWK	D	3.39%
SAIC	F	3.38%
MGRC	B	3.38%
TMO	F	3.36%
HSY	F	3.28%
PII	D	2.38%
CE	F	1.6%

CWS Underweight 43 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	B	-5.16%
CVCO	A	-3.53%
PHIN	A	-3.42%
IGIC	B	-3.26%
TPB	B	-2.93%
CEIX	A	-2.92%
EXP	A	-2.89%
AZZ	B	-2.75%
MTG	C	-2.68%
CBNK	B	-2.61%
BELFB	C	-2.46%
GEO	B	-2.34%
CASS	B	-2.3%
IMXI	B	-2.09%
LSTR	D	-2.03%
PATK	D	-2.01%
TDC	D	-1.99%
LII	A	-1.94%
BLCO	D	-1.93%
ECVT	C	-1.83%
G	B	-1.55%
EPR	D	-1.52%
BCO	D	-1.5%
BWA	D	-1.44%
RCMT	C	-1.38%
CMPO	A	-1.37%
GSM	D	-1.34%
KOS	F	-1.29%
KN	B	-1.26%
TRIP	F	-1.12%
EPSN	B	-1.11%
IPGP	D	-1.1%
BIOX	F	-1.05%
IMKTA	C	-1.01%
IRMD	C	-0.98%
EXTR	B	-0.97%
GPRE	F	-0.94%
CRMT	C	-0.94%
NTIC	C	-0.92%
TKR	D	-0.87%
DOX	D	-0.87%
UFPT	B	-0.85%
RMNI	C	-0.35%