SMLV vs. MGMT ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to Ballast Small/Mid Cap ETF (MGMT)

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$139.06

Average Daily Volume

5,752

Number of Holdings ^*

404

* may have additional holdings in another (foreign) market

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

$43.78

Average Daily Volume

12,246

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	MGMT
30 Days	11.47%	15.23%
60 Days	11.54%	14.37%
90 Days	11.93%	16.31%
12 Months	41.14%	27.93%

11 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in MGMT	Overlap
AGM	C	0.83%	3.65%	0.83%
AZZ	B	0.07%	2.66%	0.07%
CASS	B	0.1%	2.36%	0.1%
CBNK	B	0.16%	2.64%	0.16%
CMPO	A	0.15%	1.25%	0.15%
CVCO	A	0.06%	3.49%	0.06%
ECVT	C	0.06%	1.87%	0.06%
IPGP	D	0.04%	1.13%	0.04%
IRMD	C	0.06%	1.03%	0.06%
KN	B	0.07%	1.28%	0.07%
UFPT	B	0.11%	0.89%	0.11%

SMLV Overweight 393 Positions Relative to MGMT

Symbol	Grade	Weight
PJT	A	1.89%
CBU	B	1.65%
THG	A	1.63%
NNI	D	1.56%
VIRT	B	1.49%
ONB	B	1.44%
PRK	B	1.42%
NBTB	B	1.37%
CHCO	B	1.25%
FFIN	B	1.19%
NWBI	B	1.17%
NBHC	B	1.15%
CNO	A	1.14%
SYBT	B	1.13%
ESGR	B	1.12%
SASR	B	1.09%
EFSC	B	1.08%
HMN	B	1.08%
IBOC	A	1.07%
TOWN	B	1.06%
MGRC	B	1.02%
GBCI	B	1.02%
FCF	A	1.02%
GCMG	B	1.01%
TRMK	B	1.0%
FULT	A	0.98%
QCRH	A	0.97%
NIC	B	0.96%
BUSE	B	0.96%
WABC	B	0.95%
HOMB	A	0.93%
WAFD	B	0.93%
STBA	B	0.91%
WSBC	A	0.89%
EIG	B	0.86%
SFNC	B	0.85%
GABC	B	0.84%
BLX	C	0.84%
RDN	C	0.82%
LKFN	B	0.81%
SAFT	C	0.79%
PEBO	A	0.77%
SRCE	B	0.76%
AMSF	B	0.73%
BRKL	B	0.72%
WU	D	0.71%
FBMS	B	0.68%
CTBI	B	0.68%
SBSI	B	0.67%
OBK	B	0.65%
EVTC	B	0.65%
EQC	B	0.64%
TMP	B	0.63%
PAX	B	0.61%
OKLO	B	0.61%
BFC	B	0.6%
HFWA	B	0.59%
UVSP	B	0.59%
FMBH	B	0.57%
CFFN	B	0.56%
BHRB	B	0.56%
NFG	A	0.48%
FCBC	B	0.48%
TRST	A	0.44%
CAC	B	0.44%
MCBS	B	0.4%
TRIN	A	0.4%
AGX	B	0.38%
AROW	B	0.37%
GSBC	B	0.37%
CCNE	B	0.37%
FMNB	B	0.36%
THFF	B	0.36%
NFBK	B	0.35%
HTBI	B	0.35%
ESQ	A	0.34%
HONE	B	0.34%
BHB	B	0.34%
CCBG	B	0.33%
SMBK	B	0.33%
MPB	B	0.31%
KRNY	B	0.31%
SPFI	B	0.3%
DHIL	A	0.3%
HIFS	B	0.29%
BSRR	B	0.28%
ORRF	B	0.27%
FMAO	B	0.27%
ALRS	D	0.27%
IDA	A	0.26%
FLO	D	0.26%
EBF	F	0.25%
ACNB	B	0.25%
FBIZ	B	0.25%
FSBC	B	0.24%
GLRE	B	0.24%
HBCP	B	0.23%
EBTC	B	0.23%
WTBA	B	0.23%
PFIS	A	0.23%
PNM	F	0.23%
MGEE	C	0.23%
NWE	B	0.22%
BWB	B	0.21%
BKH	A	0.21%
NHC	C	0.21%
CZNC	B	0.2%
FSBW	B	0.2%
SLGN	A	0.2%
CPK	A	0.2%
PECO	A	0.2%
ARTNA	D	0.19%
SR	A	0.19%
SBR	B	0.19%
NWN	A	0.19%
CSWI	A	0.19%
GNTY	A	0.19%
FLIC	B	0.19%
FNLC	B	0.18%
FRST	B	0.17%
GTY	B	0.17%
VLGEA	B	0.17%
NPK	B	0.17%
PSTL	D	0.16%
DEA	D	0.16%
SXT	B	0.16%
WSBF	C	0.16%
JJSF	B	0.15%
PBH	A	0.15%
CTO	B	0.15%
GPOR	B	0.15%
WT	B	0.15%
CALM	A	0.15%
TRS	B	0.14%
WERN	C	0.14%
ROAD	A	0.14%
FELE	B	0.14%
HSTM	B	0.14%
ICFI	F	0.14%
BRC	D	0.14%
PLXS	B	0.14%
HTLD	B	0.14%
CVLT	B	0.14%
TRC	F	0.14%
ACA	A	0.13%
GOOD	B	0.13%
LXP	D	0.13%
GATX	A	0.13%
VMI	B	0.13%
GENC	B	0.13%
SNDR	B	0.13%
BCAL	B	0.13%
UNF	B	0.13%
CSR	B	0.13%
LTC	B	0.13%
ELME	D	0.13%
TGNA	B	0.13%
ADMA	B	0.13%
ARKO	C	0.13%
BMI	B	0.13%
PINC	B	0.12%
HWKN	B	0.12%
SMP	B	0.12%
FTDR	A	0.12%
NHI	D	0.12%
FCPT	C	0.12%
COLM	B	0.12%
ESE	B	0.12%
CBZ	B	0.12%
GEF	A	0.12%
HCKT	B	0.12%
UTMD	F	0.12%
BNL	D	0.12%
CSGS	B	0.12%
PKE	B	0.12%
EXPO	D	0.12%
MWA	B	0.12%
LMAT	A	0.11%
MRTN	C	0.11%
HCC	B	0.11%
FSS	B	0.11%
RNGR	B	0.11%
RUSHA	C	0.11%
UHT	D	0.11%
KREF	D	0.11%
PRIM	A	0.11%
OSIS	B	0.11%
SXC	A	0.11%
AROC	B	0.11%
GHC	C	0.11%
HNI	B	0.11%
GRC	A	0.11%
SCL	C	0.11%
NTST	D	0.11%
BHE	B	0.11%
MLR	B	0.11%
CTRE	D	0.11%
DORM	B	0.11%
PRGS	A	0.11%
WEN	D	0.1%
MSGS	A	0.1%
LNN	B	0.1%
MOG.A	B	0.1%
IRT	A	0.1%
KW	B	0.1%
INVA	D	0.1%
DEI	B	0.1%
NCNO	B	0.1%
HSII	B	0.1%
NTCT	C	0.1%
WDFC	B	0.1%
CUZ	B	0.1%
PAHC	C	0.1%
HIW	D	0.1%
HUBG	A	0.1%
ACIW	B	0.1%
BLKB	B	0.09%
NOMD	D	0.09%
GLDD	B	0.09%
ALG	B	0.09%
SXI	B	0.09%
BBSI	B	0.09%
WINA	B	0.09%
CRC	B	0.09%
APOG	B	0.09%
DNB	B	0.09%
KAI	A	0.09%
CHCT	C	0.09%
RDWR	B	0.09%
BFS	C	0.09%
ADUS	D	0.09%
JBSS	D	0.09%
CCOI	B	0.09%
AFCG	D	0.09%
ICUI	D	0.09%
APLE	B	0.08%
AVT	C	0.08%
PCH	D	0.08%
PSMT	C	0.08%
JBGS	D	0.08%
MRCY	B	0.08%
AHH	D	0.08%
LZB	B	0.08%
ABM	B	0.08%
IOSP	B	0.08%
TTMI	B	0.08%
HURN	B	0.08%
CORT	B	0.08%
INSM	C	0.08%
RLGT	A	0.08%
GMRE	F	0.08%
RGP	F	0.08%
PRDO	B	0.08%
EPAC	B	0.08%
MTX	B	0.08%
OMCL	C	0.08%
FPI	B	0.08%
PBT	C	0.08%
LOPE	B	0.08%
ASH	D	0.08%
GPI	A	0.07%
VIAV	B	0.07%
BOX	B	0.07%
ENS	D	0.07%
CNNE	B	0.07%
SPOK	C	0.07%
MGIC	F	0.07%
TNC	D	0.07%
KFRC	D	0.07%
SANM	B	0.07%
TRNS	D	0.07%
ITGR	B	0.07%
PLOW	D	0.07%
SUPN	C	0.07%
WEYS	C	0.07%
CTS	C	0.07%
JBT	B	0.07%
LAUR	A	0.07%
SFL	D	0.06%
SEM	B	0.06%
CMCO	B	0.06%
RDNT	B	0.06%
HAE	C	0.06%
GPRK	C	0.06%
PLUS	F	0.06%
FUL	F	0.06%
MNRO	D	0.06%
FSTR	B	0.06%
OFIX	B	0.06%
MYRG	B	0.06%
ATEN	B	0.06%
MMSI	B	0.06%
ITRN	B	0.06%
FORR	D	0.06%
ENV	B	0.06%
CENT	C	0.06%
IBEX	B	0.06%
CXT	B	0.06%
ARCH	B	0.06%
PRGO	B	0.06%
AGIO	C	0.06%
SHOO	D	0.06%
CABO	C	0.06%
SATS	D	0.06%
RGR	F	0.06%
CSV	B	0.06%
LGTY	D	0.06%
VAL	D	0.06%
MTRN	C	0.05%
AMED	F	0.05%
AORT	B	0.05%
POWI	D	0.05%
ATEX	D	0.05%
ASGN	F	0.05%
VSH	D	0.05%
JOUT	D	0.05%
TTGT	C	0.05%
LIVN	F	0.05%
ETD	C	0.05%
MEI	D	0.05%
XNCR	B	0.05%
CRI	D	0.05%
SPB	C	0.05%
MATW	C	0.05%
NATR	C	0.05%
HUN	F	0.05%
ATNI	F	0.05%
IRDM	D	0.05%
NVEC	C	0.05%
DK	C	0.05%
NVST	B	0.05%
GKOS	B	0.05%
ALKS	B	0.05%
AEIS	B	0.05%
MLAB	D	0.05%
AIN	C	0.05%
AVNS	F	0.05%
BL	B	0.05%
LILAK	D	0.05%
SPNS	F	0.05%
TPH	D	0.05%
SCSC	B	0.05%
WK	B	0.05%
CEVA	B	0.05%
STRA	C	0.05%
ZD	C	0.05%
ZIP	F	0.04%
SHEN	F	0.04%
TBPH	C	0.04%
THRM	D	0.04%
ALRM	C	0.04%
ANIP	F	0.04%
KIDS	D	0.04%
HRMY	D	0.04%
NEOG	F	0.04%
FORM	D	0.04%
USPH	B	0.04%
VRNT	C	0.04%
BOWL	C	0.04%
SRDX	B	0.04%
USNA	C	0.04%
AMPH	D	0.04%
ATRC	C	0.04%
PZZA	D	0.04%
PDCO	D	0.04%
VPG	D	0.04%
IART	C	0.04%
CNMD	C	0.04%
NARI	C	0.04%
PTCT	B	0.04%
IRWD	F	0.03%
ANIK	F	0.03%
CBRL	C	0.03%
RARE	D	0.03%
HELE	C	0.03%
OGN	D	0.03%
JBI	F	0.03%
PCRX	C	0.03%
HLF	C	0.03%
OXM	D	0.03%
NRC	F	0.03%
HI	C	0.03%
VECO	F	0.03%
ARCO	F	0.03%
SCHL	D	0.03%
CNXC	F	0.03%
LEG	F	0.03%
VREX	C	0.03%
AZTA	D	0.02%
ACAD	D	0.02%
AMN	F	0.02%
AAP	C	0.02%
IMTX	F	0.02%

SMLV Underweight 33 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	B	-5.38%
PHIN	A	-3.41%
IGIC	B	-3.36%
EXP	A	-2.96%
CEIX	A	-2.89%
TPB	B	-2.75%
MTG	C	-2.69%
BELFB	C	-2.51%
GEO	B	-2.22%
LSTR	D	-2.14%
IMXI	B	-2.11%
PATK	D	-2.03%
TDC	D	-1.98%
BLCO	D	-1.96%
LII	A	-1.94%
G	B	-1.58%
BCO	D	-1.54%
EPR	D	-1.53%
BWA	D	-1.5%
RCMT	C	-1.46%
KOS	F	-1.38%
TRIP	F	-1.23%
GSM	D	-1.22%
EPSN	B	-1.12%
IMKTA	C	-1.06%
BIOX	F	-1.05%
EXTR	B	-1.02%
GPRE	F	-0.97%
CRMT	C	-0.96%
NTIC	C	-0.9%
DOX	D	-0.9%
TKR	D	-0.89%
RMNI	C	-0.41%