MGMT vs. QABA ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.87

Average Daily Volume

15,664

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	QABA
30 Days	12.09%	12.66%
60 Days	12.18%	13.20%
90 Days	14.55%	12.53%
12 Months	26.00%	45.48%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in QABA	Overlap
	CASS	C	2.36%	0.3%	0.3%

MGMT Overweight 43 Positions Relative to QABA

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%
GEO	B	2.22%
LSTR	D	2.14%
IMXI	B	2.11%
PATK	C	2.03%
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 120 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	B	-4.51%
WTFC	A	-4.24%
UMBF	B	-2.92%
FFIN	B	-2.88%
UBSI	B	-2.79%
OZK	B	-2.64%
HWC	B	-2.5%
IBOC	B	-2.18%
TCBI	C	-2.0%
BANF	B	-1.98%
TFSL	A	-1.97%
FULT	A	-1.86%
CATY	B	-1.82%
FIBK	B	-1.7%
FHB	B	-1.7%
WSFS	B	-1.66%
CVBF	A	-1.54%
SFNC	C	-1.5%
INDB	B	-1.49%
WAFD	B	-1.46%
FFBC	B	-1.35%
PPBI	C	-1.3%
TOWN	B	-1.29%
TBBK	B	-1.29%
FRME	B	-1.24%
SBCF	B	-1.23%
BANR	B	-1.23%
WSBC	B	-1.17%
TFIN	B	-1.15%
TRMK	C	-1.14%
NBTB	B	-1.14%
EFSC	B	-1.08%
SYBT	B	-1.07%
CASH	B	-0.97%
CLBK	C	-0.95%
FBNC	B	-0.94%
CHCO	B	-0.94%
LKFN	C	-0.92%
NWBI	B	-0.91%
MBIN	F	-0.9%
SASR	B	-0.84%
HOPE	C	-0.8%
STBA	B	-0.79%
VBTX	B	-0.78%
SRCE	B	-0.78%
TCBK	C	-0.77%
QCRH	B	-0.75%
WABC	B	-0.74%
BUSE	B	-0.74%
GABC	B	-0.66%
RBCAA	B	-0.65%
DCOM	B	-0.65%
PFBC	B	-0.62%
PEBO	B	-0.61%
OCFC	B	-0.58%
BRKL	B	-0.55%
AMAL	B	-0.54%
CNOB	B	-0.52%
CTBI	B	-0.52%
BHRB	B	-0.51%
BFC	B	-0.5%
PFC	B	-0.49%
CCB	A	-0.48%
FMBH	B	-0.48%
HFWA	C	-0.44%
CFFN	C	-0.44%
UVSP	B	-0.44%
EGBN	B	-0.42%
OSBC	A	-0.41%
FCBC	C	-0.41%
BFST	C	-0.41%
CFB	B	-0.41%
IBCP	B	-0.39%
MBWM	B	-0.39%
NBN	C	-0.39%
HBNC	B	-0.39%
ORRF	B	-0.38%
SMBC	B	-0.37%
HAFC	B	-0.37%
GSBC	C	-0.36%
CAC	C	-0.34%
TRST	B	-0.34%
FSBC	C	-0.34%
MOFG	B	-0.33%
HTBI	B	-0.32%
CCBG	B	-0.32%
HTBK	B	-0.32%
WASH	C	-0.32%
MPB	B	-0.31%
SPFI	C	-0.31%
PGC	B	-0.31%
HIFS	C	-0.3%
CCNE	C	-0.29%
THFF	B	-0.29%
ESQ	B	-0.29%
MSBI	B	-0.28%
FMNB	B	-0.28%
HONE	C	-0.28%
NFBK	C	-0.28%
BCAL	B	-0.27%
AROW	B	-0.27%
KRNY	C	-0.26%
SHBI	B	-0.26%
FFIC	B	-0.25%
NRIM	A	-0.23%
TCBX	B	-0.23%
RBB	B	-0.22%
CARE	C	-0.22%
BSRR	B	-0.22%
EBTC	C	-0.22%
BMRC	B	-0.21%
NECB	C	-0.2%
BWB	B	-0.2%
FISI	B	-0.2%
NEWT	C	-0.18%
INBK	B	-0.17%
WSBF	C	-0.15%
FRST	B	-0.15%
FLIC	B	-0.15%
SBSI	C	-0.05%