MGMT vs. GWX ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to SPDR S&P International SmallCap ETF (GWX)

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

$36.56

Average Daily Volume

15,859

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GWX

SPDR S&P International SmallCap ETF

GWX Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a sampling strategy in seeking to track the performance of the S&P Developed Ex-U.S. under USD2 Billion Index. It invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in ADRs or GDRs based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded small-cap companies domiciled in developed countries outside the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.28

Average Daily Volume

52,291

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	GWX
30 Days	-2.59%	-3.43%
60 Days	-0.15%	-0.79%
90 Days	1.70%	0.71%
12 Months	13.38%	4.30%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in GWX	Overlap
	GSM	B	1.58%	0.06%	0.06%

MGMT Overweight 45 Positions Relative to GWX

Symbol	Grade	Weight
NRP	A	5.26%
AGM	A	3.84%
CVCO	D	3.2%
AZZ	B	3.06%
MTG	B	2.92%
PHIN	A	2.91%
TDC	D	2.88%
EXP	C	2.85%
CEIX	F	2.76%
CASS	C	2.64%
TRIP	C	2.59%
SOI	A	2.53%
GEO	B	2.52%
LAMR	B	2.36%
LSTR	D	2.32%
NTIC	A	2.22%
ATKR	B	2.21%
CBNK	D	2.13%
IGIC	A	2.1%
GPRE	F	2.09%
BIOX	D	2.05%
LII	D	1.97%
IMXI	D	1.94%
DOX	D	1.84%
SFM	A	1.7%
BLCO	F	1.7%
BWA	B	1.66%
EPR	C	1.63%
KOS	F	1.6%
RMNI	F	1.51%
BELFB	A	1.5%
IPGP	F	1.49%
CRMT	F	1.49%
ECVT	F	1.48%
KN	D	1.28%
RCMT	D	1.21%
UFPT	B	1.17%
EPSN	B	1.17%
TKR	A	1.15%
PATK	D	0.92%
IRMD	D	0.91%
CMP	F	0.86%
EXTR	F	0.82%
G	F	0.8%
BIL	A	0.23%

MGMT Underweight 84 Positions Relative to GWX

Symbol	Grade	Weight
CRTO	A	-0.2%
SFL	A	-0.13%
PDS	B	-0.13%
SPNS	B	-0.12%
MRUS	B	-0.12%
DHT	A	-0.11%
DNN	A	-0.1%
BCYC	B	-0.1%
ZIM	A	-0.09%
VRNA	F	-0.09%
ABCL	F	-0.09%
IMAX	D	-0.09%
FLNG	B	-0.09%
RSKD	B	-0.08%
FVRR	D	-0.08%
FSM	A	-0.08%
RDWR	F	-0.07%
RENB	F	-0.07%
ITRN	D	-0.06%
NAT	D	-0.06%
ORLA	B	-0.06%
NNOX	D	-0.06%
KRNT	F	-0.05%
DOLE	B	-0.05%
SSYS	F	-0.05%
TCI	F	-0.05%
AUTL	F	-0.04%
JMIA	D	-0.04%
SNDL	A	-0.04%
OPRA	F	-0.04%
AUPH	F	-0.04%
NNVC	F	-0.04%
NNDM	D	-0.04%
ASTL	F	-0.04%
GSL	A	-0.03%
CTS	A	-0.03%
AUDC	D	-0.03%
CGNT	C	-0.03%
SKE	A	-0.03%
FREY	D	-0.03%
CVEO	D	-0.03%
GENI	F	-0.03%
URGN	D	-0.03%
CMPS	C	-0.03%
LICY	F	-0.02%
WTO	C	-0.02%
VMAR	F	-0.02%
SILC	B	-0.02%
GHRS	A	-0.02%
IPHA	C	-0.02%
AMRN	F	-0.02%
MGNX	C	-0.02%
IONR	B	-0.02%
MX	F	-0.02%
CRNT	C	-0.02%
ADAP	C	-0.02%
IREN	F	-0.02%
SMMF	B	-0.02%
MGIC	A	-0.02%
CALT	C	-0.02%
CHGX	C	-0.02%
GCBC	A	-0.02%
VGR	D	-0.02%
MIST	F	-0.01%
DBVT	F	-0.01%
IAUX	F	-0.01%
HL	B	-0.01%
UBCP	B	-0.01%
RPTX	F	-0.01%
CALX	F	-0.01%
INVZ	F	-0.01%
SLDB	C	-0.01%
NBTX	D	-0.01%
ATAI	B	-0.01%
LILM	B	-0.01%
GROY	A	-0.01%
TDCX	A	-0.01%
GRVY	F	-0.01%
MGTX	D	-0.01%
MTLS	B	-0.01%
EVTL	F	-0.0%
LGO	F	-0.0%
ORMP	F	-0.0%
MAXN	F	-0.0%