BSMC vs. MGMT ETF Comparison

Comparison of Brandes U.S. Small-Mid Cap Value ETF (BSMC) to Ballast Small/Mid Cap ETF (MGMT)

BSMC

Brandes U.S. Small-Mid Cap Value ETF

BSMC Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies with small- and mid-market capitalizations (market value of publicly traded equity securities).

Grade (RS Rating)

Last Trade

$31.53

Average Daily Volume

9,102

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

$43.17

Average Daily Volume

12,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BSMC	MGMT
30 Days	0.80%	9.10%
60 Days	0.71%	9.61%
90 Days	3.20%	15.06%
12 Months	21.32%	23.18%

4 Overlapping Holdings

Symbol	Grade	Weight in BSMC	Weight in MGMT	Overlap
DOX	D	3.16%	0.9%	0.9%
IMKTA	C	1.51%	1.06%	1.06%
IPGP	D	2.13%	1.13%	1.13%
LSTR	D	0.41%	2.14%	0.41%

BSMC Overweight 59 Positions Relative to MGMT

Symbol	Grade	Weight
NTGR	B	3.0%
PINC	B	2.77%
ERJ	B	2.6%
EPC	F	2.35%
TAP	C	2.16%
HCSG	C	2.08%
CFG	B	2.07%
DGX	A	2.07%
MD	C	1.96%
UNF	B	1.89%
NPK	C	1.84%
IPG	D	1.78%
IFF	D	1.74%
INGR	B	1.73%
TXT	D	1.73%
EQC	A	1.7%
KMT	C	1.66%
SXT	C	1.61%
OMF	A	1.6%
SEIC	B	1.58%
MOG.A	B	1.55%
FFIV	A	1.55%
GRFS	C	1.54%
PAHC	B	1.52%
ELAN	D	1.49%
UTHR	C	1.42%
QRVO	F	1.29%
SHC	F	1.21%
FTRE	D	1.19%
SMG	C	1.19%
WTW	B	1.18%
STT	A	1.12%
WHR	B	1.11%
PBH	A	1.1%
ORI	A	1.1%
XRAY	D	1.09%
LEVI	F	1.06%
OGN	F	1.06%
PHG	C	1.05%
SCHL	F	1.03%
KNX	B	1.02%
WKC	C	0.99%
SON	D	0.98%
SEB	F	0.96%
LANC	D	0.92%
WMK	B	0.91%
ARLO	C	0.88%
WTM	A	0.88%
CPB	D	0.87%
AVT	C	0.86%
MCY	B	0.86%
CNA	C	0.83%
SEE	D	0.83%
ZBH	C	0.76%
SKX	F	0.74%
ARW	D	0.72%
HSIC	C	0.71%
KELYA	F	0.67%
HTLD	C	0.33%

BSMC Underweight 40 Positions Relative to MGMT

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	B	-2.89%
TPB	A	-2.75%
MTG	C	-2.69%
AZZ	A	-2.66%
CBNK	B	-2.64%
BELFB	D	-2.51%
CASS	B	-2.36%
GEO	A	-2.22%
IMXI	B	-2.11%
PATK	C	-2.03%
TDC	D	-1.98%
BLCO	C	-1.96%
LII	A	-1.94%
ECVT	C	-1.87%
G	B	-1.58%
BCO	F	-1.54%
EPR	D	-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	C	-1.22%
EPSN	A	-1.12%
BIOX	F	-1.05%
IRMD	B	-1.03%
EXTR	C	-1.02%
GPRE	F	-0.97%
CRMT	F	-0.96%
NTIC	C	-0.9%
TKR	F	-0.89%
UFPT	C	-0.89%
RMNI	C	-0.41%