MGMT vs. FCLD ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to Fidelity Cloud Computing ETF (FCLD)
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

$38.16

Average Daily Volume

12,556

Number of Holdings *

43

* may have additional holdings in another (foreign) market
FCLD

Fidelity Cloud Computing ETF

FCLD Description The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$25.36

Average Daily Volume

12,441

Number of Holdings *

48

* may have additional holdings in another (foreign) market
Performance
Period MGMT FCLD
30 Days 0.23% 5.10%
60 Days 0.38% 7.87%
90 Days 4.58% 13.01%
12 Months 15.93% 37.62%
1 Overlapping Holdings
Symbol Grade Weight in MGMT Weight in FCLD Overlap
TDC B 2.35% 1.18% 1.18%
MGMT Overweight 42 Positions Relative to FCLD
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%
TRIP C 1.46%
G C 1.42%
IPGP B 1.38%
GSM F 1.38%
DOX B 1.37%
KOS F 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%
EXTR B 0.97%
NTIC C 0.91%
UFPT D 0.89%
RMNI D 0.6%
MGMT Underweight 47 Positions Relative to FCLD
Symbol Grade Weight
ORCL B -4.84%
CRM A -4.83%
NOW A -4.58%
MSFT D -4.21%
MSTR B -4.16%
INTU D -4.05%
EQIX B -3.41%
DLR A -3.22%
DDOG B -2.74%
SNOW C -2.56%
WDAY F -2.55%
TEAM A -2.53%
HUBS B -2.38%
SMCI F -2.36%
HPE A -2.31%
NTAP D -2.17%
WDC C -2.16%
ZM A -2.11%
PSTG D -2.06%
FFIV A -1.97%
STX D -1.96%
MDB F -1.9%
NTNX B -1.86%
TWLO A -1.84%
DT B -1.84%
DAY A -1.78%
XRX F -1.77%
CVLT B -1.54%
ESTC D -1.47%
DBX A -1.41%
CFLT A -1.4%
GTLB A -1.29%
PATH C -1.25%
PEGA A -1.22%
BOX D -1.19%
AI C -1.15%
RNG A -1.14%
VERX B -1.04%
DOCN B -1.03%
FROG C -1.02%
FIVN C -0.95%
PD C -0.87%
FSLY D -0.81%
INFA C -0.79%
VNET B -0.71%
VRNT F -0.7%
SWI B -0.63%
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