IFRA vs. MGMT ETF Comparison

Comparison of iShares U.S. Infrastructure ETF (IFRA) to Ballast Small/Mid Cap ETF (MGMT)

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.89

Average Daily Volume

302,283

Number of Holdings ^*

150

* 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	IFRA	MGMT
30 Days	4.61%	9.10%
60 Days	7.42%	9.61%
90 Days	13.02%	15.06%
12 Months	37.12%	23.18%

2 Overlapping Holdings

	Symbol	Grade	Weight in IFRA	Weight in MGMT	Overlap
	ECVT	C	0.61%	1.87%	0.61%
	EXP	B	0.63%	2.96%	0.63%

IFRA Overweight 148 Positions Relative to MGMT

Symbol	Grade	Weight
VST	A	1.23%
USLM	B	0.91%
DTM	A	0.87%
CENX	B	0.86%
KNTK	A	0.85%
CEG	C	0.85%
MYRG	C	0.84%
STRL	B	0.83%
KMI	A	0.83%
AGX	B	0.82%
WMB	A	0.82%
MGEE	B	0.8%
PRIM	A	0.8%
NRG	B	0.79%
ETR	A	0.79%
OKE	A	0.78%
ROAD	B	0.77%
IDA	A	0.74%
TXNM	A	0.73%
ENLC	A	0.72%
XEL	A	0.72%
FIX	A	0.72%
CNP	A	0.72%
LMB	A	0.72%
SRE	A	0.72%
ATO	A	0.72%
AEE	A	0.71%
OGS	A	0.71%
CMP	C	0.71%
NI	A	0.71%
GBX	B	0.71%
PEG	A	0.71%
MSEX	B	0.7%
CPK	A	0.7%
EME	A	0.7%
MTZ	A	0.7%
CSX	C	0.7%
PCG	A	0.69%
BKH	A	0.69%
EVRG	A	0.69%
OGE	A	0.69%
AM	A	0.69%
NSC	B	0.69%
AWR	B	0.68%
HEES	C	0.68%
MLI	B	0.68%
MTRX	A	0.68%
PNW	A	0.68%
PPL	A	0.68%
NWN	A	0.68%
LXFR	B	0.68%
LNT	A	0.67%
ALE	A	0.67%
GLDD	B	0.67%
RYI	C	0.67%
SUM	B	0.67%
WEC	A	0.67%
SR	A	0.66%
APOG	B	0.66%
AGR	A	0.66%
UTL	B	0.66%
NWE	C	0.66%
GVA	A	0.66%
D	C	0.65%
BXC	B	0.65%
WTRG	B	0.65%
PWR	A	0.65%
CMS	C	0.65%
EXC	C	0.65%
DTE	C	0.64%
SO	C	0.64%
NWPX	A	0.64%
CRS	A	0.64%
AWI	A	0.63%
POR	C	0.63%
KNF	B	0.63%
TPC	C	0.63%
VMI	B	0.63%
NGVT	B	0.63%
AVA	C	0.63%
STLD	B	0.62%
OC	A	0.62%
NEE	C	0.62%
URI	B	0.62%
UNP	D	0.62%
EIX	C	0.62%
DUK	C	0.62%
FE	C	0.61%
CWT	C	0.61%
ASTE	C	0.61%
ARTNA	F	0.61%
YORW	D	0.61%
TRN	B	0.6%
ES	C	0.6%
SJW	F	0.6%
AWK	C	0.6%
AEP	C	0.6%
VMC	B	0.6%
LPX	B	0.6%
ED	C	0.6%
CMC	B	0.59%
KALU	C	0.59%
LXU	C	0.59%
HE	C	0.59%
X	C	0.58%
MLM	B	0.58%
TREX	C	0.57%
OSK	C	0.57%
FLR	B	0.57%
CSL	C	0.56%
BCC	C	0.56%
RS	B	0.56%
AZEK	B	0.56%
ACM	B	0.56%
ASIX	B	0.55%
APG	C	0.55%
SWX	A	0.55%
ROCK	D	0.54%
NFE	F	0.54%
SSD	D	0.53%
BWMN	C	0.53%
HWKN	B	0.53%
BLDR	F	0.53%
XPEL	C	0.53%
ZEUS	C	0.52%
POOL	D	0.52%
NUE	D	0.52%
TEX	D	0.52%
KOP	C	0.51%
EMN	D	0.51%
AESI	B	0.5%
CLF	F	0.5%
OLN	F	0.5%
BLD	F	0.5%
NVEE	F	0.5%
HAYN	A	0.5%
MTUS	D	0.49%
J	D	0.49%
IIIN	C	0.48%
ATI	C	0.48%
WOR	F	0.47%
WMS	F	0.46%
WLK	F	0.46%
LYB	F	0.44%
MDU	D	0.36%
MATV	F	0.33%
NVRI	D	0.33%
TTEK	F	0.09%

IFRA Underweight 42 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%
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%
LSTR	D	-2.14%
IMXI	B	-2.11%
PATK	C	-2.03%
TDC	D	-1.98%
BLCO	C	-1.96%
LII	A	-1.94%
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%
IPGP	D	-1.13%
EPSN	A	-1.12%
IMKTA	C	-1.06%
BIOX	F	-1.05%
IRMD	B	-1.03%
EXTR	C	-1.02%
GPRE	F	-0.97%
CRMT	F	-0.96%
NTIC	C	-0.9%
DOX	D	-0.9%
TKR	F	-0.89%
UFPT	C	-0.89%
RMNI	C	-0.41%