DEEP vs. MGMT ETF Comparison

Comparison of Roundhill Acquirers Deep Value ETF (DEEP) to Ballast Small/Mid Cap ETF (MGMT)

DEEP

Roundhill Acquirers Deep Value ETF

DEEP Description

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the “index”). The index was established in 2020 by Acquirers Funds LLC and tracks the performance of a portfolio of 20 of the most undervalued, fundamentally strong stocks drawn from the largest 500 stocks listed in the United States meeting certain liquidity thresholds. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.59

Average Daily Volume

3,114

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

$43.12

Average Daily Volume

12,244

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DEEP	MGMT
30 Days	4.48%	12.09%
60 Days	1.76%	12.18%
90 Days	1.07%	14.55%
12 Months	11.99%	26.00%

4 Overlapping Holdings

Symbol	Grade	Weight in DEEP	Weight in MGMT	Overlap
IGIC	B	1.29%	3.36%	1.29%
IMKTA	C	0.98%	1.06%	0.98%
NRP	B	1.12%	5.38%	1.12%
RCMT	C	1.13%	1.46%	1.13%

DEEP Overweight 92 Positions Relative to MGMT

Symbol	Grade	Weight
SMLR	B	1.87%
BMRC	B	1.25%
PGC	B	1.25%
ARCH	B	1.24%
RYI	C	1.21%
HSII	B	1.18%
METC	C	1.18%
PRDO	B	1.16%
NATR	C	1.15%
HCKT	B	1.14%
MCFT	C	1.13%
PFBC	B	1.13%
BSIG	A	1.13%
TTEC	F	1.12%
BBW	C	1.11%
BHLB	B	1.1%
GPRK	C	1.1%
VSTO	A	1.1%
VBTX	B	1.1%
BXC	B	1.09%
PLPC	B	1.09%
BKE	B	1.09%
DXLG	D	1.08%
HELE	C	1.08%
AMCX	C	1.07%
HLF	C	1.07%
EPM	A	1.06%
INMD	C	1.06%
NX	C	1.06%
UPBD	B	1.05%
DMLP	A	1.05%
PLAB	C	1.04%
DAC	C	1.04%
MBUU	B	1.03%
XPEL	B	1.03%
HTBK	B	1.03%
DHIL	B	1.03%
SBH	C	1.02%
AMPY	C	1.02%
UAN	B	1.02%
ITRN	B	1.02%
WGO	C	1.02%
WINA	C	1.02%
OFLX	D	1.02%
LPRO	B	1.01%
DHT	F	0.99%
WLKP	A	0.99%
NUS	D	0.99%
UTMD	F	0.98%
USNA	C	0.98%
SMP	C	0.98%
WTI	F	0.97%
INVA	D	0.97%
WNC	C	0.97%
MED	D	0.97%
MOV	D	0.97%
NVEC	B	0.96%
GIII	D	0.96%
SD	D	0.95%
SWBI	C	0.95%
TH	C	0.94%
KFRC	D	0.93%
IIIN	C	0.92%
WRLD	C	0.92%
FF	F	0.92%
PARR	F	0.92%
RGR	F	0.91%
IRWD	F	0.9%
ETD	C	0.9%
LESL	D	0.9%
RMAX	C	0.89%
LEGH	D	0.89%
RMR	F	0.88%
JOUT	F	0.87%
DFIN	D	0.87%
NRC	F	0.86%
ODP	F	0.85%
JBSS	F	0.85%
RGP	F	0.84%
HZO	F	0.83%
GIC	D	0.82%
HVT	D	0.79%
MYE	F	0.79%
CRCT	F	0.78%
LPG	F	0.78%
HOV	D	0.77%
CLFD	F	0.74%
SIGA	F	0.72%
HDSN	F	0.72%
ASC	F	0.67%
CCRN	F	0.66%
AMN	F	0.52%

DEEP Underweight 40 Positions Relative to MGMT

Symbol	Grade	Weight
AGM	B	-3.65%
CVCO	A	-3.49%
PHIN	A	-3.41%
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%
CASS	C	-2.36%
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%
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%
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%