MGMT vs. SPHB ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to PowerShares S&P 500 High Beta Portfolio (SPHB)

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

$38.31

Average Daily Volume

10,354

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPHB

PowerShares S&P 500 High Beta Portfolio

SPHB Description

The PowerShares S&P 500 High Beta Portfolio (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a security's price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$89.17

Average Daily Volume

401,273

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	SPHB
30 Days	4.10%	8.85%
60 Days	8.61%	14.28%
90 Days	7.76%	4.86%
12 Months	14.15%	31.48%

0 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in SPHB	Overlap

MGMT Overweight 43 Positions Relative to SPHB

Symbol	Grade	Weight
NRP	A	5.46%
AGM	D	3.54%
CVCO	C	3.49%
MTG	A	3.45%
PHIN	D	3.35%
AZZ	B	3.12%
EXP	C	3.01%
BELFB	A	2.83%
IGIC	B	2.74%
CEIX	B	2.66%
CBNK	C	2.6%
LII	C	2.42%
PATK	A	2.39%
CASS	F	2.38%
LSTR	F	2.3%
TPB	C	2.2%
TDC	D	2.2%
BLCO	C	2.08%
GEO	D	2.06%
IMXI	F	2.04%
BCO	C	1.99%
EPR	C	1.84%
DOX	B	1.8%
ECVT	F	1.72%
BWA	C	1.71%
UFPT	D	1.69%
G	A	1.47%
RCMT	D	1.42%
BIOX	F	1.41%
KN	B	1.36%
KOS	F	1.34%
TRIP	D	1.34%
GSM	D	1.26%
GPRE	F	1.25%
IPGP	D	1.22%
EPSN	B	1.16%
TKR	B	1.09%
CRMT	F	1.08%
EXTR	D	1.04%
IRMD	B	1.03%
CMPO	B	1.03%
NTIC	F	0.9%
RMNI	F	0.74%

MGMT Underweight 98 Positions Relative to SPHB

Symbol	Grade	Weight
AMD	C	-1.82%
SMCI	F	-1.8%
MPWR	B	-1.79%
NVDA	B	-1.75%
AVGO	B	-1.62%
TSLA	C	-1.56%
TER	C	-1.51%
BLDR	C	-1.45%
ALB	D	-1.4%
LRCX	D	-1.37%
AMAT	C	-1.36%
KLAC	B	-1.35%
ANET	A	-1.35%
MU	D	-1.33%
CZR	B	-1.31%
CRWD	D	-1.3%
NCLH	C	-1.28%
CCL	C	-1.25%
ON	F	-1.25%
ENPH	F	-1.22%
META	A	-1.18%
URI	C	-1.18%
WDC	C	-1.15%
VST	A	-1.15%
ALGN	D	-1.15%
CEG	A	-1.14%
MCHP	F	-1.13%
QCOM	D	-1.12%
GNRC	B	-1.11%
FSLR	C	-1.08%
JBL	C	-1.07%
NXPI	F	-1.06%
CDNS	D	-1.06%
PWR	A	-1.05%
ORCL	A	-1.04%
SNPS	F	-1.04%
BX	C	-1.03%
BXP	B	-1.01%
UAL	A	-1.01%
CARR	A	-1.01%
KKR	A	-1.01%
UBER	C	-1.01%
PYPL	A	-0.99%
ABNB	D	-0.98%
ETN	B	-0.98%
AMZN	C	-0.98%
FCX	B	-0.97%
RCL	B	-0.97%
HUBB	A	-0.94%
KEYS	B	-0.94%
NOW	B	-0.94%
INTC	D	-0.94%
ADSK	B	-0.93%
PODD	C	-0.92%
ADI	B	-0.92%
ZBRA	B	-0.91%
PHM	C	-0.91%
CRM	B	-0.91%
SWKS	F	-0.9%
PH	A	-0.89%
QRVO	F	-0.88%
PANW	B	-0.88%
DAY	C	-0.88%
AES	C	-0.85%
MHK	C	-0.84%
BKNG	B	-0.84%
INTU	F	-0.83%
ARE	D	-0.83%
IDXX	D	-0.82%
LEN	C	-0.81%
FICO	C	-0.81%
DHI	C	-0.81%
LW	D	-0.81%
DECK	B	-0.81%
ROK	D	-0.81%
IVZ	A	-0.8%
ISRG	C	-0.8%
GE	B	-0.8%
EFX	D	-0.8%
KEY	B	-0.79%
RMD	C	-0.79%
ANSS	D	-0.79%
GOOG	B	-0.78%
ADBE	F	-0.78%
KMX	F	-0.78%
APTV	D	-0.77%
TXN	C	-0.77%
CRL	F	-0.77%
LULU	D	-0.77%
APH	D	-0.76%
MGM	D	-0.76%
TROW	D	-0.74%
WBD	F	-0.73%
IQV	F	-0.72%
BBWI	F	-0.72%
CPRT	B	-0.71%
MLM	F	-0.67%
EPAM	F	-0.65%