MGMT vs. XSW ETF Comparison

Comparison of Ballast Small/Mid Cap ETF (MGMT) to SPDR S&P Software & Services ETF (XSW)

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

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services 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 software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$190.05

Average Daily Volume

12,684

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	MGMT	XSW
30 Days	9.10%	11.83%
60 Days	9.61%	17.49%
90 Days	15.06%	21.58%
12 Months	23.18%	40.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in MGMT	Weight in XSW	Overlap
	TDC	D	1.98%	0.63%	0.63%

MGMT Overweight 43 Positions Relative to XSW

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%
CEIX	B	2.89%
TPB	A	2.75%
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%
UFPT	C	0.89%
RMNI	C	0.41%

MGMT Underweight 132 Positions Relative to XSW

Symbol	Grade	Weight
APP	B	-1.52%
MSTR	B	-1.39%
CIFR	C	-1.29%
RIOT	C	-1.06%
NNBR	C	-1.04%
BILL	A	-1.04%
WULF	C	-1.04%
PLTR	B	-1.02%
CLSK	C	-0.96%
TEAM	B	-0.93%
RBRK	A	-0.88%
FRSH	C	-0.88%
CFLT	B	-0.87%
DOCU	B	-0.87%
HUBS	A	-0.86%
NCNO	B	-0.85%
FIVN	C	-0.85%
VERX	A	-0.84%
QTWO	A	-0.83%
PEGA	B	-0.81%
CRM	B	-0.81%
CRWD	B	-0.81%
MARA	B	-0.81%
IDCC	B	-0.81%
PRO	C	-0.79%
RNG	C	-0.78%
SOUN	C	-0.78%
FTNT	B	-0.78%
INTA	A	-0.77%
ZM	B	-0.76%
OLO	B	-0.76%
CWAN	B	-0.76%
WK	C	-0.76%
PCOR	C	-0.76%
BL	C	-0.75%
KD	A	-0.75%
ALKT	B	-0.75%
FICO	A	-0.75%
AGYS	A	-0.74%
EPAM	C	-0.74%
ZS	C	-0.74%
NTNX	B	-0.73%
ASAN	C	-0.73%
APPN	C	-0.73%
RPD	C	-0.73%
ATEN	A	-0.73%
S	C	-0.73%
CVLT	A	-0.72%
TTWO	A	-0.72%
ESTC	C	-0.72%
QLYS	C	-0.72%
PRGS	B	-0.71%
DDOG	A	-0.71%
ALTR	B	-0.71%
AI	B	-0.71%
DJCO	B	-0.71%
ADSK	A	-0.71%
NOW	B	-0.71%
RBLX	B	-0.7%
PANW	A	-0.7%
DV	C	-0.7%
ACIW	B	-0.7%
ORCL	A	-0.7%
GWRE	A	-0.69%
GEN	B	-0.69%
PD	C	-0.68%
DBX	C	-0.68%
SNPS	C	-0.68%
CDNS	B	-0.68%
VYX	B	-0.67%
IOT	A	-0.67%
BLND	A	-0.67%
EA	A	-0.67%
MITK	D	-0.67%
ZUO	B	-0.67%
GTLB	B	-0.67%
PLTK	B	-0.67%
PTC	B	-0.67%
SWI	B	-0.66%
RAMP	C	-0.66%
ALRM	C	-0.66%
WDAY	C	-0.66%
INTU	B	-0.65%
ANSS	B	-0.65%
IT	C	-0.65%
PATH	C	-0.65%
MANH	D	-0.65%
DT	D	-0.64%
TENB	D	-0.64%
ACN	B	-0.64%
TYL	B	-0.64%
CTSH	B	-0.64%
SMAR	A	-0.64%
BOX	B	-0.63%
BRZE	C	-0.63%
SPT	C	-0.63%
AUR	C	-0.63%
OSPN	A	-0.63%
DXC	C	-0.63%
DLB	B	-0.62%
YEXT	B	-0.62%
ASGN	F	-0.62%
ROP	C	-0.62%
APPF	C	-0.62%
QXO	C	-0.62%
CXM	C	-0.61%
GDYN	C	-0.61%
BLKB	C	-0.61%
SEMR	C	-0.61%
ADBE	D	-0.6%
INFA	C	-0.6%
HCP	B	-0.6%
ENV	B	-0.6%
VRNT	D	-0.59%
MLNK	C	-0.59%
BSY	D	-0.59%
IBM	C	-0.59%
MSFT	D	-0.59%
VRNS	D	-0.59%
U	C	-0.58%
SPSC	D	-0.58%
IBUY	B	-0.55%
NABL	F	-0.53%
JAMF	F	-0.52%
YOU	D	-0.52%
WEAV	B	-0.46%
ETWO	F	-0.44%
CCSI	C	-0.4%
HCKT	B	-0.4%
ZETA	D	-0.39%
DMRC	B	-0.39%
LGTY	B	-0.26%