MGMT vs. AFSM ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to Active Factor Small Cap ETF (AFSM)

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

$35.47

Average Daily Volume

15,094

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.96

Average Daily Volume

1,539

Number of Holdings ^*

304

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	AFSM
30 Days	-2.14%	-3.67%
60 Days	-2.76%	-0.57%
90 Days	-5.63%	-3.73%
12 Months	4.04%	16.19%

11 Overlapping Holdings

Symbol	Grade	Weight in MGMT	Weight in AFSM	Overlap
ATKR	F	1.68%	0.56%	0.56%
AZZ	C	3.23%	0.29%	0.29%
BELFB	C	2.47%	0.5%	0.5%
CEIX	B	3.23%	0.59%	0.59%
EXTR	C	0.95%	0.18%	0.18%
GEO	C	2.21%	0.29%	0.29%
KN	B	1.41%	0.24%	0.24%
MTG	B	3.16%	0.72%	0.72%
SFM	A	2.03%	0.33%	0.33%
TDC	D	2.73%	0.05%	0.05%
UFPT	B	1.49%	0.63%	0.63%

MGMT Overweight 35 Positions Relative to AFSM

Symbol	Grade	Weight
NRP	B	5.46%
AGM	C	3.63%
CVCO	D	3.18%
PHIN	D	3.09%
CASS	D	2.54%
EXP	D	2.49%
LSTR	B	2.47%
IMXI	D	2.41%
IGIC	B	2.34%
LII	B	2.32%
CBNK	C	2.24%
SOI	C	2.22%
BCO	A	2.03%
PATK	C	1.98%
BIOX	D	1.86%
BLCO	C	1.78%
TRIP	F	1.78%
DOX	D	1.76%
BWA	F	1.71%
EPR	C	1.68%
GSM	D	1.62%
NTIC	D	1.58%
RMNI	C	1.57%
CRMT	D	1.57%
GPRE	D	1.52%
KOS	D	1.49%
IPGP	F	1.45%
ECVT	F	1.37%
RCMT	F	1.25%
EPSN	B	1.21%
TKR	D	1.15%
IRMD	B	0.97%
G	D	0.86%
CMP	F	0.79%
LAMR	B	0.04%

MGMT Underweight 293 Positions Relative to AFSM

Symbol	Grade	Weight
ANF	C	-1.26%
SKYW	B	-1.16%
TNK	B	-1.13%
BCC	D	-1.01%
IDCC	B	-0.89%
ALKS	D	-0.89%
ESGR	B	-0.89%
NHC	A	-0.87%
FIX	C	-0.86%
MOD	C	-0.81%
EME	B	-0.8%
PFBC	D	-0.8%
ELF	B	-0.78%
RDN	B	-0.74%
WFRD	C	-0.71%
PLAB	F	-0.7%
CPRX	D	-0.7%
MLI	C	-0.67%
MHO	C	-0.67%
UVE	C	-0.67%
STRL	C	-0.67%
ARCH	D	-0.65%
MUSA	A	-0.65%
COOP	C	-0.65%
VRNT	C	-0.64%
SANM	B	-0.64%
GMS	D	-0.62%
TMHC	D	-0.62%
AROC	C	-0.62%
BMI	C	-0.62%
NTB	B	-0.6%
LPG	C	-0.6%
GMED	A	-0.59%
APPF	B	-0.59%
DDS	C	-0.58%
NMIH	B	-0.57%
AMR	F	-0.57%
REZI	D	-0.56%
OFG	C	-0.55%
CRVL	C	-0.55%
BRBR	C	-0.54%
SLG	B	-0.54%
DAKT	C	-0.54%
PLUS	D	-0.53%
TEX	D	-0.53%
HSII	C	-0.52%
BTU	D	-0.52%
PBF	D	-0.52%
ACT	C	-0.51%
BXC	F	-0.51%
ODP	F	-0.51%
CHCO	C	-0.51%
MCY	C	-0.51%
M	C	-0.51%
LNTH	B	-0.5%
EVER	D	-0.5%
KBH	B	-0.5%
TBBK	C	-0.49%
DFIN	C	-0.49%
SUPN	F	-0.48%
AMWD	F	-0.48%
WNC	D	-0.48%
RMR	D	-0.47%
PRK	B	-0.47%
TNC	D	-0.46%
CAL	D	-0.46%
PRDO	D	-0.45%
STBA	C	-0.45%
FDP	D	-0.45%
DOLE	C	-0.45%
TGNA	D	-0.45%
HIMS	C	-0.45%
RXST	D	-0.44%
ONTO	B	-0.44%
BPMC	B	-0.44%
ADUS	A	-0.44%
ANIP	C	-0.43%
PINC	F	-0.43%
NSIT	B	-0.42%
HDSN	F	-0.41%
SIG	D	-0.41%
ASC	B	-0.4%
POWL	C	-0.4%
ESNT	B	-0.4%
NUS	F	-0.4%
YMAB	D	-0.4%
SPNS	B	-0.4%
CCRN	F	-0.4%
INMD	F	-0.4%
IIPR	B	-0.39%
EGBN	D	-0.38%
CNXN	D	-0.36%
AMKR	B	-0.36%
CWCO	F	-0.36%
OSCR	D	-0.35%
MTH	D	-0.35%
CBZ	D	-0.35%
BDC	B	-0.35%
CRAI	B	-0.35%
ASO	F	-0.35%
SCS	C	-0.34%
ALRM	D	-0.34%
GNK	C	-0.34%
HRMY	C	-0.34%
TWI	F	-0.34%
CRS	B	-0.34%
SLVM	B	-0.34%
MEDP	B	-0.34%
CVLT	A	-0.33%
LOPE	D	-0.33%
OTTR	D	-0.33%
FBP	B	-0.32%
LGND	C	-0.32%
CORT	B	-0.32%
MATX	A	-0.32%
INSW	B	-0.32%
PRGS	F	-0.32%
VNDA	B	-0.32%
HIW	B	-0.32%
DNOW	C	-0.31%
APOG	D	-0.31%
CMC	C	-0.31%
JXN	B	-0.3%
PSN	B	-0.3%
PRMW	C	-0.3%
IBOC	C	-0.3%
CALM	B	-0.3%
SSD	D	-0.3%
DXC	C	-0.29%
LRN	B	-0.29%
XRX	F	-0.29%
UCTT	B	-0.29%
PDM	B	-0.29%
NHI	B	-0.29%
GRBK	B	-0.29%
AVNS	F	-0.29%
YOU	B	-0.29%
COKE	A	-0.29%
HWKN	A	-0.29%
HCC	D	-0.29%
WTS	D	-0.29%
MOG.A	C	-0.29%
RDNT	C	-0.29%
ANDE	D	-0.28%
SFL	C	-0.28%
STRA	D	-0.28%
BNL	B	-0.28%
HUBG	B	-0.28%
HY	C	-0.27%
CLW	B	-0.27%
GIII	D	-0.27%
ABG	C	-0.27%
STNG	A	-0.27%
SKT	D	-0.27%
QTWO	C	-0.27%
BKE	C	-0.27%
CASH	B	-0.27%
AMRK	C	-0.27%
MED	F	-0.27%
TILE	D	-0.26%
NSSC	B	-0.26%
BKH	C	-0.26%
ITCI	B	-0.26%
CUZ	D	-0.26%
BHE	C	-0.26%
QLYS	D	-0.25%
ADNT	F	-0.25%
ENS	C	-0.25%
KELYA	C	-0.25%
TCMD	F	-0.25%
IMKTA	F	-0.25%
HURN	C	-0.25%
PCRX	D	-0.25%
HLX	C	-0.25%
HAE	D	-0.25%
VSH	F	-0.25%
PRG	B	-0.25%
OSIS	D	-0.25%
SBRA	A	-0.25%
MAC	D	-0.25%
HRB	A	-0.25%
AMPH	D	-0.25%
GOGL	C	-0.24%
THFF	D	-0.24%
DHT	C	-0.24%
BLBD	B	-0.24%
CMPR	D	-0.24%
SXC	D	-0.24%
HCI	D	-0.24%
OPCH	D	-0.23%
TMDX	B	-0.23%
PFS	F	-0.23%
RAMP	D	-0.23%
WINA	C	-0.23%
NX	F	-0.23%
PK	D	-0.23%
NTCT	F	-0.22%
LMAT	B	-0.22%
MD	D	-0.21%
KFRC	D	-0.21%
GES	F	-0.21%
BKU	C	-0.21%
PI	C	-0.21%
SD	D	-0.21%
SMP	F	-0.21%
SBH	F	-0.2%
MOV	D	-0.2%
MRVI	F	-0.2%
WABC	D	-0.2%
NAVI	F	-0.2%
ZETA	B	-0.2%
HOV	D	-0.19%
IDYA	D	-0.19%
KNSA	C	-0.19%
DFH	F	-0.18%
SGBX	F	-0.18%
CVNA	A	-0.18%
KRC	F	-0.18%
PIPR	A	-0.18%
CHRD	C	-0.17%
AXSM	B	-0.17%
SIGA	C	-0.17%
BRC	B	-0.16%
TWST	C	-0.16%
CLSK	C	-0.16%
INTA	C	-0.16%
NVST	F	-0.16%
SCSC	D	-0.15%
MAX	D	-0.15%
TPC	B	-0.15%
LQDA	D	-0.15%
PARR	F	-0.15%
TARS	D	-0.13%
CGEM	D	-0.13%
BASE	D	-0.13%
CECO	B	-0.13%
AMCX	F	-0.13%
VCTR	C	-0.12%
AYI	D	-0.12%
INVA	B	-0.11%
AIT	C	-0.11%
ASTH	C	-0.11%
CSGS	F	-0.11%
EIG	C	-0.11%
ROCK	D	-0.1%
ALKT	C	-0.1%
GFF	D	-0.1%
SPSC	B	-0.1%
AMN	F	-0.09%
KRYS	B	-0.09%
KSS	C	-0.09%
OMI	F	-0.09%
MLKN	D	-0.09%
VGR	B	-0.09%
CSWI	B	-0.08%
WGO	F	-0.08%
YEXT	F	-0.08%
JWN	C	-0.07%
FORM	B	-0.07%
TPH	D	-0.07%
TGTX	B	-0.07%
KTB	B	-0.07%
QTRX	F	-0.07%
VSTO	C	-0.06%
JBI	D	-0.06%
CTRE	C	-0.06%
ALXO	F	-0.06%
CTS	B	-0.06%
KAI	B	-0.06%
HALO	A	-0.06%
ETD	D	-0.05%
LBRT	D	-0.05%
VCEL	C	-0.05%
OGS	D	-0.05%
PGNY	F	-0.05%
VITL	A	-0.05%
IESC	C	-0.05%
ATEN	D	-0.05%
ASGN	D	-0.05%
APAM	C	-0.05%
COLL	D	-0.05%
SWX	C	-0.05%
ZEUS	F	-0.04%
PHR	D	-0.04%
ACLS	B	-0.04%
EOLS	F	-0.04%
HE	F	-0.04%
SEMR	D	-0.04%
RYI	F	-0.03%
EMBC	C	-0.03%
SWI	B	-0.03%
EYPT	F	-0.01%
MITK	D	-0.0%