ACTV vs. MGMT ETF Comparison

Comparison of LeaderShares Activist Leaders ETF (ACTV) to Ballast Small/Mid Cap ETF (MGMT)

ACTV

LeaderShares Activist Leaders ETF

ACTV Description

The investment seeks to generate long-term capital growth. The fund will be invested in equity securities of companies listed on a U.S. exchange with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$33.88

Average Daily Volume

8,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$38.31

Average Daily Volume

10,354

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACTV	MGMT
30 Days	4.20%	4.10%
60 Days	7.76%	8.61%
90 Days	6.23%	7.76%
12 Months	16.72%	14.15%

0 Overlapping Holdings

	Symbol	Grade	Weight in ACTV	Weight in MGMT	Overlap

ACTV Overweight 43 Positions Relative to MGMT

Symbol	Grade	Weight
JBLU	B	4.64%
VSTS	D	4.08%
IVZ	A	3.89%
BBWI	F	3.82%
JHG	A	3.79%
LUV	B	3.78%
SWX	C	3.78%
HHH	C	3.77%
THS	D	3.74%
MTCH	B	3.71%
NSIT	B	3.62%
MRCY	B	3.62%
INVA	B	3.61%
ALIT	D	3.59%
BLMN	F	3.56%
DAN	D	3.49%
FTRE	F	3.18%
IRWD	F	2.94%
FYBR	C	0.84%
UNIT	B	0.83%
DBRG	D	0.76%
MDU	C	0.72%
SOLV	C	0.71%
EXPE	B	0.71%
BANC	D	0.7%
WEN	B	0.7%
CMG	C	0.7%
ROG	D	0.68%
ETSY	F	0.68%
KBH	D	0.68%
PINS	D	0.68%
NATL	D	0.67%
CHEF	C	0.67%
CNK	D	0.67%
PCG	C	0.67%
CTLT	A	0.66%
TDS	C	0.66%
RPD	D	0.65%
GDDY	B	0.63%
NWS	D	0.63%
CVI	D	0.6%
WOLF	F	0.59%
AAP	F	0.59%

ACTV Underweight 43 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	A	-5.46%
AGM	D	-3.54%
CVCO	C	-3.49%
MTG	A	-3.45%
PHIN	D	-3.35%
AZZ	B	-3.12%
EXP	C	-3.01%
BELFB	A	-2.83%
IGIC	B	-2.74%
CEIX	B	-2.66%
CBNK	C	-2.6%
LII	C	-2.42%
PATK	A	-2.39%
CASS	F	-2.38%
LSTR	F	-2.3%
TPB	C	-2.2%
TDC	D	-2.2%
BLCO	C	-2.08%
GEO	D	-2.06%
IMXI	F	-2.04%
BCO	C	-1.99%
EPR	C	-1.84%
DOX	B	-1.8%
ECVT	F	-1.72%
BWA	C	-1.71%
UFPT	D	-1.69%
G	A	-1.47%
RCMT	D	-1.42%
BIOX	F	-1.41%
KN	B	-1.36%
KOS	F	-1.34%
TRIP	D	-1.34%
GSM	D	-1.26%
GPRE	F	-1.25%
IPGP	D	-1.22%
EPSN	B	-1.16%
TKR	B	-1.09%
CRMT	F	-1.08%
EXTR	D	-1.04%
IRMD	B	-1.03%
CMPO	B	-1.03%
NTIC	F	-0.9%
RMNI	F	-0.74%