MGMT vs. BIS ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to ProShares UltraShort Nasdaq Biotechnology (BIS)
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

$38.16

Average Daily Volume

12,556

Number of Holdings *

43

* may have additional holdings in another (foreign) market
BIS

ProShares UltraShort Nasdaq Biotechnology

BIS Description The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.

Grade (RS Rating)

Last Trade

$15.54

Average Daily Volume

13,954

Number of Holdings *

73

* may have additional holdings in another (foreign) market
Performance
Period MGMT BIS
30 Days 0.23% 1.97%
60 Days 0.38% 8.40%
90 Days 4.58% 1.66%
12 Months 15.93% -33.52%
0 Overlapping Holdings
Symbol Grade Weight in MGMT Weight in BIS Overlap
MGMT Overweight 43 Positions Relative to BIS
Symbol Grade Weight
NRP B 5.19%
AGM D 3.51%
CVCO A 3.35%
IGIC A 3.24%
PHIN C 3.21%
MTG D 2.97%
EXP B 2.96%
AZZ D 2.96%
CEIX A 2.79%
BELFB C 2.75%
GEO B 2.6%
CBNK B 2.57%
CASS B 2.45%
TPB A 2.4%
TDC B 2.35%
PATK F 2.28%
BLCO A 2.25%
LSTR D 2.23%
LII B 2.06%
IMXI F 1.9%
BCO D 1.82%
EPR D 1.75%
BWA D 1.61%
ECVT C 1.56%
RCMT A 1.52%
TRIP C 1.46%
G C 1.42%
IPGP B 1.38%
GSM F 1.38%
DOX B 1.37%
KOS F 1.37%
KN C 1.36%
BIOX F 1.2%
CMPO B 1.19%
EPSN B 1.19%
TKR C 1.08%
IRMD C 1.08%
GPRE F 1.06%
CRMT F 0.97%
EXTR B 0.97%
NTIC C 0.91%
UFPT D 0.89%
RMNI D 0.6%
MGMT Underweight 73 Positions Relative to BIS
Symbol Grade Weight
AMGN C -8.14%
GILD A -7.41%
VRTX D -7.21%
BIIB F -6.12%
ILMN A -5.67%
REGN F -4.13%
INCY A -2.09%
BMRN F -1.91%
ALNY C -1.6%
VTRS B -1.35%
SNY D -1.29%
NBIX C -1.16%
SRPT D -1.15%
NVCR F -1.1%
JAZZ D -1.03%
TECH B -1.02%
IONS F -1.02%
GH D -0.96%
AMRN F -0.85%
MRNA F -0.83%
BGNE C -0.83%
ACAD F -0.81%
ASND F -0.77%
EXEL A -0.73%
ARWR F -0.65%
BLUE F -0.65%
BBIO D -0.51%
ALLK B -0.49%
UTHR A -0.49%
NKTR C -0.48%
SAGE F -0.48%
BPMC C -0.48%
FGEN F -0.47%
AGIO B -0.43%
CRSP C -0.42%
RARE D -0.42%
ADPT A -0.42%
MEDP F -0.4%
PTCT B -0.4%
ARGX A -0.4%
AXSM C -0.38%
ALLO D -0.37%
GRFS B -0.36%
IOVA B -0.36%
ALKS F -0.36%
KOD B -0.35%
HALO B -0.35%
QURE B -0.35%
FOLD B -0.32%
APLS F -0.31%
XNCR A -0.26%
MYGN F -0.26%
DNLI C -0.26%
ZLAB B -0.24%
IRWD F -0.24%
ARVN C -0.24%
INSM D -0.23%
FATE F -0.23%
PCRX C -0.22%
GLPG F -0.22%
ITCI A -0.21%
RGNX F -0.21%
ESPR C -0.19%
EDIT F -0.19%
LGND A -0.19%
INVA C -0.18%
VCYT A -0.18%
ALEC D -0.18%
TBPH C -0.17%
YMAB A -0.16%
CHRS F -0.16%
HCM C -0.15%
SUPN B -0.15%
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