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ETFs

Ballast Small/Mid Cap ETF

MGMT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 02 2020
Expense Ratio
1.10%
Type
US Equities
Fund Owner
Ballast AM
Volume (1m avg. daily)
$743,753
AUM
$108,896,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NRP
Natural Resource Partners LP - Unit
4.80%
n/a
US DOLLARS
4.02%
TDC
Teradata Corp
3.60%
AGM
Federal Agricultural Mortgage Corp. - Ordinary Shares - Class C
3.36%
GPRE
Green Plains Inc
3.22%
CEIX
Consol Energy Inc
3.21%
AZZ
AZZ Inc
2.85%
SOI
Solaris Oilfield Infrastructure Inc - Ordinary Shares - Class A
2.78%
EXP
Eagle Materials Inc.
2.77%
NTIC
Northern Technologies International Corp.
2.57%
Invest with MGMT

What is MGMT?

the Fund s investment adviser (the Adviser ), seeks to achieve positive risk adjusted returns, meaning positive rates of return after adjustment for the amount of risk taken, by investing primarily in equity securities of small and midsize U.S. companies that the Adviser believes are underpriced due to misperception of future earnings growth relative to the Adviser s expectations for growth over the long-term. The Adviser considers small capitalization and mid capitalization companies to be those with market capitalizations between $100 million and $15 billion at the time of the initial purchase. The Fund may invest in companies in any economic sector. The Adviser, which actively manages the Fund, emphasizes investments in high quality, financially sound companies that have the ability to execute their business plans in both favorable and unfavorable environments leading to outperformance over the long term. In identifying investments, the Adviser evaluates the company as a whole, including (1) whether management teams have demonstrated successful operation of their businesses in unfavorable and favorable market environments; (2) balance sheets; (3) cash flow; and (4) return on capital.

ETFs related toMGMT

ETFs correlated to MGMT include DFAS, ESML, VB

MGMT
Unified Series Trust - Ballast Small/Mid Cap ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMGMT

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with MGMT using Composer

FAQ

MGMT is a US Equities ETF. the Fund s investment adviser (the Adviser ), seeks to achieve positive risk adjusted returns, meaning positive rates of return after adjustment for the amount of risk taken, by investing primarily in equity securities of small and midsize U.S. companies that the Adviser believes are underpriced due to misperception of future earnings growth relative to the Adviser s expectations for growth over the long-term. The Adviser considers small capitalization and mid capitalization companies to be those with market capitalizations between $100 million and $15 billion at the time of the initial purchase. The Fund may invest in companies in any economic sector. The Adviser, which actively manages the Fund, emphasizes investments in high quality, financially sound companies that have the ability to execute their business plans in both favorable and unfavorable environments leading to outperformance over the long term. In identifying investments, the Adviser evaluates the company as a whole, including (1) whether management teams have demonstrated successful operation of their businesses in unfavorable and favorable market environments; (2) balance sheets; (3) cash flow; and (4) return on capital.

Yes, MGMT is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MGMT is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MGMT is -0.0055%. This is the percent change in the value of MGMT over the most recent 1-month period. The 3-month return on MGMT is 0.0054%. This is the percent change in the value of MGMT over the most recent 3-month period.

The standard deviation of MGMT for the past year is 0.1875%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MGMT include VIG, VYM, and DFAT.

ETFs correlated to MGMT include DFAS, ESML, and VB.

ETFs that are inversely correlated to MGMT include TWM, RWM, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.