HAPS vs. MGMT ETF Comparison

Comparison of Harbor Corporate Culture Small Cap ETF (HAPS) to Ballast Small/Mid Cap ETF (MGMT)

HAPS

Harbor Corporate Culture Small Cap ETF

HAPS Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 200 small cap U.S. companies identified by Irrational Capital LLC those it believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$29.05

Average Daily Volume

139

Number of Holdings ^*

179

* 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

$38.61

Average Daily Volume

12,556

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HAPS	MGMT
30 Days	0.43%	0.23%
60 Days	0.41%	0.38%
90 Days	5.48%	4.58%
12 Months	25.58%	15.93%

4 Overlapping Holdings

Symbol	Grade	Weight in HAPS	Weight in MGMT	Overlap
EXTR	B	0.25%	0.97%	0.25%
KOS	F	1.27%	1.37%	1.27%
TDC	B	0.5%	2.35%	0.5%
TRIP	C	0.69%	1.46%	0.69%

HAPS Overweight 175 Positions Relative to MGMT

Symbol	Grade	Weight
CBT	B	2.2%
AWI	A	2.08%
PECO	B	1.97%
ACLX	B	1.95%
MOG.A	C	1.78%
APLE	C	1.72%
AVT	B	1.65%
NUVL	D	1.62%
RYTM	D	1.55%
PTCT	B	1.47%
KBH	D	1.39%
NSA	D	1.38%
KYMR	C	1.37%
TEX	F	1.37%
EAT	A	1.36%
LOPE	D	1.32%
HLNE	A	1.32%
SGRY	F	1.3%
OGS	C	1.29%
AGIO	B	1.27%
REZI	C	1.25%
NTLA	F	1.23%
TNL	A	1.18%
RDN	F	1.18%
TPG	B	1.15%
GVA	A	1.11%
SR	D	1.11%
PIPR	B	1.11%
MC	D	1.1%
LBRT	F	1.09%
NSP	F	1.09%
HRI	A	1.08%
YETI	F	1.07%
CPA	B	0.97%
IVT	A	0.95%
POWL	A	0.93%
PSMT	C	0.85%
WD	C	0.79%
AIN	F	0.77%
SXT	C	0.76%
BHF	B	0.74%
AUR	B	0.73%
CAKE	A	0.72%
ALTR	B	0.71%
PI	C	0.71%
JBGS	C	0.69%
FHB	A	0.69%
BROS	B	0.69%
DK	F	0.68%
CCS	F	0.68%
LAUR	A	0.68%
TROX	F	0.68%
STEP	B	0.67%
COLL	F	0.67%
ACIW	C	0.66%
AMN	F	0.64%
WAFD	D	0.64%
KURA	F	0.63%
HURN	A	0.62%
BOX	D	0.61%
LGIH	F	0.57%
IRWD	F	0.55%
CMPR	F	0.55%
BFH	C	0.55%
ZETA	C	0.55%
FRME	C	0.53%
APPF	D	0.53%
BANR	A	0.52%
TOWN	D	0.51%
FORM	F	0.51%
WK	C	0.51%
TARS	A	0.5%
UPWK	A	0.5%
PLMR	D	0.49%
ALGT	B	0.47%
BKE	C	0.46%
FROG	C	0.45%
TRMK	B	0.45%
AESI	F	0.45%
GSAT	C	0.44%
EFSC	B	0.44%
MD	A	0.44%
CRAI	B	0.44%
SCSC	F	0.43%
NNI	A	0.43%
CASH	A	0.42%
WSBC	A	0.41%
SCS	F	0.4%
IDT	B	0.4%
LOB	D	0.4%
UPST	B	0.4%
WGO	D	0.4%
ALRM	F	0.4%
PRGS	B	0.39%
FLYW	C	0.39%
PRVA	B	0.38%
CSTL	A	0.38%
SONO	C	0.37%
MCY	B	0.36%
RPD	C	0.35%
VBTX	B	0.34%
KFRC	D	0.34%
CENTA	D	0.33%
UAA	B	0.33%
HTH	D	0.33%
DOLE	C	0.33%
CALX	D	0.33%
VERX	B	0.31%
OXM	F	0.3%
DOCN	B	0.3%
KOP	F	0.28%
RYI	C	0.28%
VIAV	A	0.28%
RGNX	F	0.28%
OPEN	F	0.28%
ENV	A	0.28%
PAR	A	0.27%
SPTN	D	0.27%
CGEM	F	0.27%
OCFC	A	0.26%
EXPI	B	0.26%
BZH	D	0.25%
USNA	D	0.24%
SAGE	F	0.24%
CARG	B	0.23%
SPT	F	0.23%
BRZE	F	0.23%
VERV	C	0.22%
OBK	D	0.22%
INFN	B	0.21%
PSCF	B	0.2%
INTA	B	0.2%
CSGS	D	0.19%
VSAT	F	0.18%
ARLO	F	0.18%
FC	D	0.17%
MBIN	F	0.17%
SDGR	F	0.17%
CERT	F	0.17%
FWRG	B	0.17%
ALKT	B	0.16%
PRA	B	0.16%
LMB	B	0.16%
COUR	F	0.15%
CARS	D	0.15%
BY	B	0.15%
ASAN	D	0.15%
ATEN	A	0.14%
AGS	A	0.14%
AMCX	F	0.14%
YEXT	A	0.12%
HVT	F	0.12%
UDMY	C	0.12%
GDYN	B	0.11%
NABL	F	0.11%
HSTM	A	0.1%
RGP	F	0.1%
BASE	C	0.09%
MITK	D	0.09%
ZIP	F	0.09%
HCAT	C	0.08%
NEWT	B	0.08%
ENFN	A	0.08%
CHGG	F	0.08%
ALTG	D	0.08%
IRBT	C	0.07%
BIGC	F	0.07%
SAVE	D	0.06%
EB	C	0.05%
HMST	F	0.05%
DOMO	C	0.04%
RMAX	C	0.04%
SEMR	D	0.04%
GPRO	C	0.04%
VRA	F	0.03%

HAPS Underweight 39 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	B	-5.19%
AGM	D	-3.51%
CVCO	A	-3.35%
IGIC	A	-3.24%
PHIN	C	-3.21%
MTG	D	-2.97%
EXP	B	-2.96%
AZZ	D	-2.96%
CEIX	A	-2.79%
BELFB	C	-2.75%
GEO	B	-2.6%
CBNK	B	-2.57%
CASS	B	-2.45%
TPB	A	-2.4%
PATK	F	-2.28%
BLCO	A	-2.25%
LSTR	D	-2.23%
LII	B	-2.06%
IMXI	F	-1.9%
BCO	D	-1.82%
EPR	D	-1.75%
BWA	D	-1.61%
ECVT	C	-1.56%
RCMT	A	-1.52%
G	C	-1.42%
IPGP	B	-1.38%
GSM	F	-1.38%
DOX	B	-1.37%
KN	C	-1.36%
BIOX	F	-1.2%
CMPO	B	-1.19%
EPSN	B	-1.19%
TKR	C	-1.08%
IRMD	C	-1.08%
GPRE	F	-1.06%
CRMT	F	-0.97%
NTIC	C	-0.91%
UFPT	D	-0.89%
RMNI	D	-0.6%