VABS vs. MGMT ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to Ballast Small/Mid Cap ETF (MGMT)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.35

Average Daily Volume

1,263

Number of Holdings ^*

* 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

$38.07

Average Daily Volume

11,160

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	MGMT
30 Days	0.15%	0.14%
60 Days	0.82%	4.33%
90 Days	2.18%	5.72%
12 Months	7.56%	13.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in VABS	Weight in MGMT	Overlap
	EPR	C	0.47%	1.84%	0.47%

VABS Overweight 50 Positions Relative to MGMT

Symbol	Grade	Weight
RLJ	D	4.48%
BW	C	2.27%
EFC	D	1.89%
BFS	A	1.53%
EQC	D	1.49%
DRH	C	1.35%
PBI	C	1.34%
TWO	D	1.26%
ARR	D	1.25%
GNL	D	0.94%
F	D	0.87%
MFA	C	0.86%
CIM	C	0.82%
IVR	C	0.78%
DBRG	D	0.62%
ET	C	0.55%
MITT	C	0.45%
CTO	D	0.29%
PSEC	C	0.23%
TDS	B	0.23%
PMT	C	0.21%
AHH	F	0.17%
SHO	D	0.17%
LXP	D	0.17%
INN	A	0.16%
ATCOL	A	0.15%
BHR	C	0.15%
UMH	C	0.11%
ABR	C	0.1%
ALLY	F	0.1%
FTAI	A	0.06%
ALTG	F	0.05%
FHN	D	0.04%
NYCB	D	0.04%
AL	D	0.04%
CIO	C	0.03%
NLY	C	0.03%
SNV	D	0.02%
DX	C	0.02%
CODI	D	0.02%
PEB	D	0.01%
CNO	C	0.01%
VNO	A	0.01%
BOH	D	0.01%
SF	A	0.01%
EQH	C	0.01%
COF	C	0.01%
IFF	C	0.01%
JPM	D	0.01%
NEE	A	0.01%

VABS Underweight 42 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	B	-5.46%
AGM	F	-3.54%
CVCO	B	-3.49%
MTG	B	-3.45%
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%
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%