Key stats
About Ballast Small/Mid Cap ETF
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Inception date
Dec 2, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Ballast Asset Management LP
Distributor
Northern Lights Distributors LLC
ISIN
US90470L5509
MGMT, as an actively-managed fund, primarily invests in equity securities of small and midcap US companies which the adviser believes are underpriced, due to misperception of future earnings growth relative to their expectations for growth over the long-term. In selecting investments, emphasis is placed on those companies led by great management teams that display high quality and financially-sound attributes, leading to outperformance over the long term. Company evaluations include the following factors: (i) successful operation of their businesses in unfavorable and favorable market environments, (ii) balance sheets, (iii) cash flow, and (iv) return on capital. The fund may also invest all or substantially all of its assets in cash, cash equivalents, or, alternatively, in shares of other investment companies (including open-end and closed-end funds as well as ETFs) in order for the fund to be more fully invested.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Commercial Services
Stocks97.88%
Finance13.35%
Commercial Services13.24%
Energy Minerals8.54%
Non-Energy Minerals8.11%
Electronic Technology7.32%
Process Industries6.95%
Distribution Services6.78%
Health Technology5.81%
Producer Manufacturing5.64%
Consumer Durables5.51%
Technology Services5.06%
Consumer Services3.17%
Consumer Non-Durables2.96%
Transportation1.96%
Retail Trade1.72%
Communications0.90%
Utilities0.85%
Bonds, Cash & Other2.12%
Cash2.12%
Stock breakdown by region
North America95.85%
Europe3.41%
Latin America0.74%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MGMT invests in stocks. The fund's major sectors are Finance, with 13.35% stocks, and Commercial Services, with 13.24% of the basket. The assets are mostly located in the North America region.
MGMT top holdings are Climb Global Solutions, Inc. and Natural Resource Partners L.P., occupying 4.92% and 4.81% of the portfolio correspondingly.
MGMT last dividends amounted to 0.21 USD. The year before, the issuer paid 0.43 USD in dividends, which shows a 101.12% decrease.
MGMT assets under management is 160.09 M USD. It's risen 1.72% over the last month.
MGMT fund flows account for −15.13 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MGMT pays dividends to its holders with the dividend yield of 0.49%. The last dividend (Jan 6, 2025) amounted to 0.21 USD. The dividends are paid annually.
MGMT shares are issued by Inverdale Capital Management LLC under the brand Ballast. The ETF was launched on Dec 2, 2020, and its management style is Active.
MGMT expense ratio is 1.10% meaning you'd have to pay 1.10% of your investment to help manage the fund.
MGMT follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MGMT invests in stocks.
MGMT price has risen by 2.36% over the last month, and its yearly performance shows a 23.79% increase. See more dynamics on MGMT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.48% over the last month, showed a 13.97% increase in three-month performance and has increased by 25.79% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.48% over the last month, showed a 13.97% increase in three-month performance and has increased by 25.79% in a year.
MGMT trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.