MGMT vs. AIRR ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to First Trust RBA American Industrial Renaissance ETF (AIRR)

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

$35.55

Average Daily Volume

15,278

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AIRR

First Trust RBA American Industrial Renaissance ETF

AIRR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.95

Average Daily Volume

170,374

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	AIRR
30 Days	-1.12%	-5.00%
60 Days	-2.92%	-0.99%
90 Days	-3.97%	0.47%
12 Months	2.15%	28.21%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in AIRR	Overlap
	ATKR	F	1.66%	2.7%	1.66%

MGMT Overweight 45 Positions Relative to AIRR

Symbol	Grade	Weight
NRP	B	5.2%
AGM	B	3.7%
CEIX	B	3.35%
AZZ	D	3.14%
MTG	B	3.13%
CVCO	D	3.03%
PHIN	D	3.01%
TDC	C	2.7%
BELFB	C	2.5%
GEO	B	2.49%
CASS	D	2.47%
EXP	D	2.46%
LSTR	D	2.46%
IMXI	F	2.42%
SOI	D	2.29%
CBNK	D	2.27%
LII	B	2.25%
IGIC	C	2.19%
SFM	B	2.16%
PATK	D	1.96%
BCO	B	1.95%
BIOX	D	1.94%
TRIP	F	1.76%
DOX	D	1.74%
EPR	C	1.7%
BLCO	F	1.7%
RMNI	C	1.69%
GSM	C	1.65%
BWA	F	1.64%
GPRE	F	1.58%
CRMT	F	1.58%
NTIC	D	1.57%
KOS	F	1.54%
UFPT	A	1.47%
IPGP	D	1.45%
KN	D	1.41%
ECVT	D	1.37%
RCMT	F	1.21%
EPSN	C	1.2%
TKR	D	1.11%
EXTR	C	0.99%
IRMD	B	0.97%
G	D	0.85%
CMP	F	0.69%
LAMR	B	0.04%

MGMT Underweight 43 Positions Relative to AIRR

Symbol	Grade	Weight
MTZ	C	-4.57%
DY	B	-4.47%
CLH	B	-4.29%
STRL	D	-4.23%
POWL	D	-4.04%
RBC	C	-3.84%
MLI	C	-3.82%
EME	D	-3.78%
MDU	C	-3.74%
FIX	D	-3.67%
PRIM	D	-3.59%
FSS	D	-3.55%
GVA	B	-3.52%
BLBD	C	-3.45%
HUBB	C	-3.31%
AMRC	F	-3.29%
ROAD	D	-3.24%
SHLS	F	-2.58%
ACA	D	-2.47%
LMB	C	-2.46%
MWA	C	-2.34%
GBX	D	-2.16%
WNC	F	-2.0%
TPC	C	-1.49%
FNB	C	-1.11%
PLOW	F	-1.07%
ANET	A	-0.84%
PRLB	D	-0.8%
WTFC	D	-0.74%
ONB	B	-0.73%
FCF	B	-0.69%
FFBC	D	-0.68%
ASTE	F	-0.65%
ASB	D	-0.65%
FULT	D	-0.64%
GABC	B	-0.63%
PRK	B	-0.61%
HTLF	B	-0.6%
SRCE	B	-0.59%
FRME	D	-0.58%
PEBO	D	-0.57%
QCRH	C	-0.49%
LKFN	D	-0.46%