MGMT vs. KBE ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to SPDR S&P Bank ETF (KBE)

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

$38.07

Average Daily Volume

11,160

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.33

Average Daily Volume

1,902,124

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	KBE
30 Days	0.14%	-4.12%
60 Days	4.33%	3.43%
90 Days	5.72%	11.95%
12 Months	13.75%	49.44%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in KBE	Overlap
	MTG	B	3.45%	1.15%	1.15%

MGMT Overweight 42 Positions Relative to KBE

Symbol	Grade	Weight
NRP	B	5.46%
AGM	F	3.54%
CVCO	B	3.49%
PHIN	C	3.35%
AZZ	C	3.12%
EXP	C	3.01%
BELFB	B	2.83%
IGIC	C	2.74%
CEIX	B	2.66%
CBNK	D	2.6%
LII	C	2.42%
PATK	C	2.39%
CASS	D	2.38%
LSTR	D	2.3%
TPB	A	2.2%
TDC	D	2.2%
BLCO	C	2.08%
GEO	F	2.06%
IMXI	F	2.04%
BCO	C	1.99%
EPR	C	1.84%
DOX	B	1.8%
ECVT	F	1.72%
BWA	B	1.71%
UFPT	D	1.69%
G	A	1.47%
RCMT	D	1.42%
BIOX	F	1.41%
KN	C	1.36%
KOS	F	1.34%
TRIP	F	1.34%
GSM	D	1.26%
GPRE	F	1.25%
IPGP	D	1.22%
EPSN	A	1.16%
TKR	D	1.09%
CRMT	F	1.08%
EXTR	C	1.04%
IRMD	B	1.03%
CMPO	B	1.03%
NTIC	F	0.9%
RMNI	F	0.74%

MGMT Underweight 91 Positions Relative to KBE

Symbol	Grade	Weight
APO	A	-1.24%
JXN	A	-1.22%
C	B	-1.22%
TBBK	C	-1.21%
VLY	C	-1.2%
WBS	D	-1.2%
FCNCA	D	-1.2%
PNFP	D	-1.19%
MTB	C	-1.19%
EQH	C	-1.19%
WAL	C	-1.19%
COLB	C	-1.19%
AX	D	-1.18%
RF	C	-1.18%
CRBG	C	-1.18%
ABCB	C	-1.18%
WFC	D	-1.18%
PNC	C	-1.18%
KEY	C	-1.18%
CMA	C	-1.18%
BK	C	-1.18%
JPM	D	-1.17%
EWBC	D	-1.17%
FFIN	D	-1.17%
BANC	D	-1.17%
NTRS	C	-1.17%
GBCI	C	-1.17%
SSB	C	-1.17%
WD	C	-1.17%
CFG	D	-1.16%
VOYA	A	-1.16%
USB	C	-1.16%
CFR	D	-1.16%
WTFC	D	-1.16%
HWC	D	-1.16%
BPOP	D	-1.16%
BAC	D	-1.16%
FULT	D	-1.16%
HBAN	D	-1.15%
UMBF	C	-1.15%
UBSI	D	-1.15%
OZK	F	-1.15%
ZION	D	-1.15%
FITB	C	-1.15%
FBP	D	-1.15%
TCBI	C	-1.15%
HOMB	D	-1.15%
RDN	D	-1.14%
ESNT	C	-1.14%
TFC	D	-1.14%
NMIH	C	-1.14%
BKU	D	-1.14%
ONB	D	-1.14%
ASB	F	-1.14%
FNB	D	-1.14%
CADE	D	-1.14%
PB	D	-1.13%
CBSH	D	-1.13%
SNV	D	-1.13%
BOH	D	-1.13%
FIBK	D	-1.13%
FHN	D	-1.12%
COOP	B	-1.1%
PFSI	C	-1.1%
RKT	C	-1.1%
AUB	D	-1.05%
EBC	D	-1.03%
PFS	D	-1.0%
BOKF	D	-0.98%
CBU	D	-0.96%
CVBF	B	-0.92%
INDB	D	-0.92%
CATY	D	-0.91%
WAFD	D	-0.91%
UCBI	B	-0.9%
SFBS	D	-0.89%
FHB	D	-0.87%
IBOC	D	-0.85%
RNST	D	-0.82%
WSFS	D	-0.81%
IBTX	D	-0.8%
PPBI	F	-0.8%
SBCF	D	-0.75%
BANR	C	-0.69%
HTH	D	-0.66%
SFNC	C	-0.63%
FFBC	D	-0.6%
TRMK	D	-0.58%
FRME	D	-0.55%
LKFN	F	-0.46%
WSBC	D	-0.42%