MGMT vs. AMID ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to Argent Mid Cap ETF (AMID)

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

$43.12

Average Daily Volume

12,244

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$36.72

Average Daily Volume

7,812

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	AMID
30 Days	12.09%	4.32%
60 Days	12.18%	3.96%
90 Days	14.55%	4.88%
12 Months	26.00%	34.06%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in AMID	Overlap
	PATK	C	2.03%	1.35%	1.35%

MGMT Overweight 43 Positions Relative to AMID

Symbol	Grade	Weight
NRP	B	5.38%
AGM	B	3.65%
CVCO	A	3.49%
PHIN	A	3.41%
IGIC	B	3.36%
EXP	B	2.96%
CEIX	A	2.89%
TPB	B	2.75%
MTG	C	2.69%
AZZ	A	2.66%
CBNK	B	2.64%
BELFB	C	2.51%
CASS	C	2.36%
GEO	B	2.22%
LSTR	D	2.14%
IMXI	B	2.11%
TDC	D	1.98%
BLCO	B	1.96%
LII	A	1.94%
ECVT	C	1.87%
G	B	1.58%
BCO	F	1.54%
EPR	C	1.53%
BWA	D	1.5%
RCMT	C	1.46%
KOS	D	1.38%
KN	B	1.28%
CMPO	B	1.25%
TRIP	F	1.23%
GSM	D	1.22%
IPGP	D	1.13%
EPSN	B	1.12%
IMKTA	C	1.06%
BIOX	F	1.05%
IRMD	C	1.03%
EXTR	C	1.02%
GPRE	F	0.97%
CRMT	D	0.96%
NTIC	B	0.9%
DOX	D	0.9%
TKR	D	0.89%
UFPT	C	0.89%
RMNI	C	0.41%

MGMT Underweight 36 Positions Relative to AMID

Symbol	Grade	Weight
FICO	B	-3.79%
CTAS	B	-3.66%
CPRT	B	-3.56%
BLDR	D	-3.43%
FTNT	C	-3.34%
HLI	A	-3.2%
CBZ	B	-2.93%
LPLA	A	-2.87%
CDW	F	-2.86%
VCTR	B	-2.86%
DHI	F	-2.85%
IT	C	-2.83%
MEDP	D	-2.69%
MUSA	B	-2.63%
HCA	F	-2.49%
BAH	F	-2.45%
BLD	D	-2.43%
OMF	A	-2.4%
URI	C	-2.35%
AFG	A	-2.28%
GDDY	A	-2.24%
A	D	-2.12%
ADUS	D	-2.09%
CG	B	-2.05%
SCI	B	-2.05%
TPX	B	-1.99%
AME	A	-1.98%
ICFI	F	-1.93%
LNG	A	-1.69%
CHDN	B	-1.57%
ABG	C	-1.55%
ENTG	D	-1.52%
MOH	F	-1.44%
TTEK	F	-1.33%
AX	B	-1.11%
EXPO	D	-0.99%