MGMT vs. EHLS ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to Even Herd Long Short ETF (EHLS)

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

$43.13

Average Daily Volume

12,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$23.11

Average Daily Volume

2,625

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	EHLS
30 Days	9.10%	7.44%
60 Days	9.61%	8.79%
90 Days	15.06%	12.73%
12 Months	23.18%

5 Overlapping Holdings

Symbol	Grade	Weight in MGMT	Weight in EHLS	Overlap
CEIX	B	2.89%	0.3%	0.3%
IGIC	B	3.36%	1.33%	1.33%
TDC	D	1.98%	-0.29%	-0.29%
TPB	A	2.75%	1.24%	1.24%
UFPT	C	0.89%	0.44%	0.44%

MGMT Overweight 39 Positions Relative to EHLS

Symbol	Grade	Weight
NRP	B	5.38%
AGM	B	3.65%
CVCO	A	3.49%
PHIN	A	3.41%
EXP	B	2.96%
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%
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%
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%
RMNI	C	0.41%

MGMT Underweight 266 Positions Relative to EHLS

Symbol	Grade	Weight
SPOT	A	-2.25%
BMA	B	-2.14%
CSWI	B	-2.03%
QTWO	A	-1.82%
HWM	A	-1.8%
NVDA	A	-1.72%
GDS	C	-1.71%
LMB	A	-1.7%
IRM	C	-1.68%
PIPR	B	-1.67%
META	C	-1.64%
SLG	B	-1.62%
MSI	A	-1.57%
USLM	B	-1.53%
CTAS	B	-1.48%
HWKN	B	-1.46%
GVA	A	-1.41%
VST	A	-1.31%
SE	A	-1.3%
FICO	A	-1.3%
CVNA	B	-1.29%
CRS	A	-1.27%
CW	B	-1.26%
ADMA	B	-1.26%
WELL	A	-1.25%
PLTR	B	-1.25%
BK	B	-1.24%
CEG	C	-1.21%
SFM	B	-1.2%
CLBT	B	-1.2%
NRG	B	-1.2%
SKT	A	-1.14%
REAX	D	-1.1%
PAM	A	-1.09%
RDNT	B	-1.08%
SLVM	B	-1.06%
ARES	A	-1.05%
DASH	B	-1.05%
FTDR	A	-1.04%
TRGP	A	-1.03%
TPL	A	-1.02%
HOOD	B	-1.01%
BRO	B	-1.0%
AXP	B	-1.0%
THC	C	-0.98%
CBRE	B	-0.98%
RSI	A	-0.98%
TMUS	B	-0.96%
NPAB	F	-0.92%
EDN	A	-0.92%
WAB	B	-0.89%
ANET	D	-0.88%
JXN	C	-0.87%
GLNG	D	-0.86%
PNTG	D	-0.84%
MOD	B	-0.82%
IESC	B	-0.79%
COOP	B	-0.78%
SKYW	B	-0.76%
CNX	A	-0.76%
ISRG	A	-0.76%
KKR	B	-0.76%
EME	A	-0.75%
BSX	A	-0.71%
PSN	D	-0.7%
CDNA	D	-0.62%
HLNE	B	-0.62%
CCB	A	-0.56%
AMAL	B	-0.56%
AIT	B	-0.55%
ALSN	B	-0.55%
NBN	B	-0.54%
BBSI	A	-0.54%
FTI	A	-0.53%
CNK	A	-0.51%
PKG	A	-0.49%
TWLO	A	-0.49%
VERX	A	-0.49%
CLH	C	-0.48%
PGR	B	-0.48%
FI	A	-0.48%
TYL	B	-0.48%
QFIN	A	-0.47%
HUBB	B	-0.46%
MMYT	B	-0.46%
GRBK	D	-0.46%
POWL	C	-0.45%
RNA	C	-0.44%
ALHC	C	-0.42%
CACI	D	-0.42%
RKLB	B	-0.39%
WULF	C	-0.34%
YPF	A	-0.32%
TCBX	A	-0.3%
FRHC	A	-0.28%
KTB	B	-0.27%
MUSA	B	-0.27%
PPTA	B	-0.27%
CASH	B	-0.27%
EXLS	B	-0.26%
LYV	A	-0.26%
SOFI	A	-0.25%
MLR	C	-0.25%
PEGA	B	-0.25%
SNEX	A	-0.25%
MATX	B	-0.24%
ONON	B	-0.24%
BBW	B	-0.24%
GATO	C	-0.23%
TRUP	B	-0.23%
EXEL	B	-0.23%
AORT	B	-0.22%
CSTM	F	--0.07%
NEP	F	--0.09%
SPT	C	--0.14%
CVI	D	--0.15%
AMN	F	--0.16%
VSAT	F	--0.16%
AES	F	--0.17%
PGNY	F	--0.17%
STNG	D	--0.17%
APTV	F	--0.18%
ENPH	F	--0.18%
WU	F	--0.18%
FLNG	C	--0.19%
W	D	--0.2%
BEN	C	--0.2%
COLD	D	--0.2%
VAL	F	--0.2%
AMRC	F	--0.2%
WRLD	D	--0.2%
ASH	F	--0.21%
ELF	C	--0.21%
DG	F	--0.21%
ADNT	F	--0.21%
WSC	F	--0.21%
ASML	F	--0.22%
IGT	F	--0.22%
ENOV	C	--0.22%
PARR	F	--0.22%
FIVE	F	--0.22%
AVTR	F	--0.22%
DOOO	F	--0.22%
LEA	F	--0.22%
CSGP	C	--0.23%
MRK	F	--0.23%
ROG	D	--0.23%
DLB	B	--0.23%
NTST	D	--0.23%
APA	F	--0.23%
IMCR	C	--0.23%
NKE	F	--0.23%
TEX	D	--0.23%
ELV	F	--0.23%
MCHP	F	--0.23%
OLN	F	--0.23%
NUE	D	--0.23%
SCL	D	--0.24%
OMI	F	--0.24%
ENTG	F	--0.24%
CWT	C	--0.24%
WPC	C	--0.24%
ODP	F	--0.24%
NSP	F	--0.24%
WOR	F	--0.24%
APLS	F	--0.24%
PLD	D	--0.24%
PD	C	--0.24%
ETSY	D	--0.24%
SITE	F	--0.24%
CC	C	--0.24%
ADM	D	--0.25%
HSY	F	--0.25%
JBSS	F	--0.25%
AKAM	F	--0.25%
OTEX	F	--0.25%
FTV	C	--0.25%
PCH	D	--0.25%
IPG	D	--0.25%
MTN	C	--0.25%
FUL	F	--0.25%
PEP	F	--0.25%
F	C	--0.25%
GIS	D	--0.25%
ATKR	D	--0.25%
REXR	F	--0.25%
ALV	C	--0.25%
MGM	D	--0.26%
GO	C	--0.26%
BG	D	--0.26%
THS	F	--0.26%
ARE	F	--0.26%
STZ	D	--0.26%
ALGM	F	--0.26%
IAC	D	--0.26%
CTRA	B	--0.26%
HDB	C	--0.26%
FMX	F	--0.26%
SON	D	--0.26%
CALX	F	--0.27%
DVN	F	--0.27%
COHU	D	--0.27%
HXL	F	--0.27%
ON	F	--0.27%
MTDR	B	--0.27%
SLAB	F	--0.27%
CNI	F	--0.27%
CWH	C	--0.27%
CDW	F	--0.27%
YELP	C	--0.28%
ALB	B	--0.28%
OKTA	D	--0.28%
VTLE	C	--0.28%
MUR	D	--0.28%
VRSN	D	--0.28%
MRTN	D	--0.28%
CRL	D	--0.28%
USPH	B	--0.28%
SJW	F	--0.28%
PZZA	F	--0.28%
CENTA	C	--0.28%
FIVN	C	--0.29%
UGI	C	--0.29%
HP	C	--0.29%
SJM	D	--0.29%
CHRD	F	--0.29%
LKQ	F	--0.29%
AMRK	D	--0.29%
AIN	C	--0.29%
MOS	D	--0.29%
URBN	D	--0.29%
CENT	C	--0.29%
SLB	C	--0.29%
TMO	D	--0.29%
SIGI	C	--0.29%
RPD	C	--0.29%
CIVI	F	--0.29%
EXC	C	--0.3%
PINS	F	--0.3%
ES	C	--0.3%
EG	C	--0.3%
SNOW	C	--0.3%
WFRD	F	--0.3%
RIO	D	--0.3%
HES	B	--0.3%
AVA	C	--0.3%
AWK	C	--0.3%
PPG	F	--0.3%
EVTC	C	--0.3%
IDXX	F	--0.3%
HELE	C	--0.3%
ACI	C	--0.3%
DIOD	F	--0.3%
KMX	C	--0.31%
OXM	F	--0.31%
ZD	B	--0.31%
IRTC	C	--0.32%
CAR	C	--0.32%
VLO	C	--0.32%
ALRM	C	--0.32%
TENB	D	--0.33%
OVV	B	--0.33%
NARI	C	--0.34%
AMR	C	--0.35%
UPS	C	--0.37%
PRGO	C	--0.44%