MGMT vs. FDLS ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to Inspire Fidelis Multi Factor ETF (FDLS)

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

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.55

Average Daily Volume

11,407

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	FDLS
30 Days	9.10%	4.22%
60 Days	9.61%	5.67%
90 Days	15.06%	7.84%
12 Months	23.18%	24.12%

3 Overlapping Holdings

Symbol	Grade	Weight in MGMT	Weight in FDLS	Overlap
BELFB	D	2.51%	0.9%	0.9%
CEIX	B	2.89%	1.22%	1.22%
LII	A	1.94%	0.96%	0.96%

MGMT Overweight 41 Positions Relative to FDLS

Symbol	Grade	Weight
NRP	B	5.38%
AGM	B	3.65%
CVCO	A	3.49%
PHIN	A	3.41%
IGIC	B	3.36%
EXP	B	2.96%
TPB	A	2.75%
MTG	C	2.69%
AZZ	A	2.66%
CBNK	B	2.64%
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%
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%
UFPT	C	0.89%
RMNI	C	0.41%

MGMT Underweight 95 Positions Relative to FDLS

Symbol	Grade	Weight
HNST	A	-1.64%
POWL	C	-1.51%
SMWB	A	-1.32%
DAL	A	-1.31%
DOCU	B	-1.31%
SFM	B	-1.3%
IBKR	A	-1.28%
TILE	A	-1.27%
TDS	B	-1.24%
NECB	B	-1.21%
OPRA	A	-1.19%
TCBX	A	-1.19%
TRGP	A	-1.19%
HQY	A	-1.17%
GRMN	B	-1.16%
NTNX	B	-1.16%
PPC	B	-1.13%
BKR	A	-1.12%
HWM	A	-1.12%
QCRH	B	-1.12%
FIX	A	-1.11%
STLD	B	-1.11%
DECK	A	-1.11%
EME	A	-1.09%
VIRT	A	-1.07%
TCMD	B	-1.07%
BBW	B	-1.07%
GEN	B	-1.07%
ACIW	B	-1.07%
EHC	B	-1.06%
FCNCA	A	-1.06%
GFF	A	-1.06%
ITRI	B	-1.06%
HSTM	B	-1.06%
CVLT	A	-1.06%
CTAS	B	-1.04%
BFH	B	-1.03%
TSM	C	-1.02%
VNET	C	-1.02%
OSPN	A	-1.02%
LGTY	B	-1.01%
RGA	B	-1.01%
MPLX	A	-1.0%
TSN	B	-1.0%
CAT	C	-1.0%
WLDN	C	-0.99%
WRB	A	-0.99%
QNST	B	-0.99%
ADMA	B	-0.99%
WWD	B	-0.99%
CHWY	B	-0.99%
PNW	A	-0.98%
VIRC	C	-0.98%
CPRX	C	-0.98%
PGR	B	-0.98%
BMI	B	-0.97%
APPF	C	-0.97%
CSTL	D	-0.96%
MGIC	D	-0.96%
FANG	C	-0.96%
RNR	C	-0.95%
CBT	C	-0.95%
THC	C	-0.94%
MNDY	D	-0.94%
OFG	B	-0.93%
FRST	B	-0.92%
WES	C	-0.92%
DVA	C	-0.91%
FRBA	D	-0.9%
RMD	C	-0.9%
UGI	C	-0.9%
QCOM	F	-0.9%
SAIC	F	-0.89%
ESEA	C	-0.87%
BCRX	D	-0.87%
PTGX	D	-0.86%
MELI	C	-0.85%
PHM	D	-0.85%
EGY	F	-0.84%
BG	D	-0.84%
VITL	D	-0.83%
HY	D	-0.82%
UHS	D	-0.81%
NOMD	D	-0.81%
MG	F	-0.8%
EVER	F	-0.8%
DHI	D	-0.8%
PLUS	F	-0.77%
CRUS	F	-0.77%
FSLR	F	-0.76%
NEM	D	-0.73%
ASC	D	-0.64%
OSCR	D	-0.63%
ATNI	F	-0.62%
ANGI	F	-0.59%