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Launched · SEC filings

Ballast Small/Mid Cap ETF

MGMTNYSE ArcaD

$50.33+0.37 (+0.74%)

At close: Nov 2, 2026, 4:00 PM ET

D29/ 100

Rank 39 of 47 in US Active Small/Mid-Cap

D29/100Rank 39 of 47inUS Active Small/Mid-Cap
Intraday session: up, 73 prints from 49.96 to 50.33. Range 49.96 to 51.01. Use the arrow keys to read each point.50.2050.6050.8051.0010 AM12 PM2 PM4 PM
Expense ratio
1.10%*
Fund size
$168M
1Y total return
+18.6%
Yield · Last 12 months
0.30%
Holdings
54
Avg volume · 30D
5.98K sh
52W range
low $40.77high $52.30
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jan 31, 2027. Without it: 1.15%.

The ETF.net MGMT Grade

Based on 5 of 6 pillars

D

Score 29 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
39 of 47
Six-pillar profile for MGMT. Scores out of 100: Cost 0, Risk 44, Mission not scored, Tradability 62, Holdings 32, Durability 67. Strongest: Durability (67). Weakest: Cost (0). Based on 5 of 6 pillars.

Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 47 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 27 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 11 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 42 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 12 of 47

Our read on MGMT

ETF.net Research

In short

DA boutique, hand-picked take on US small and mid caps. Ballast's managers hunt companies they judge underpriced against their growth, in a corner of the market where cheap index trackers do most of the volume.

Stated mandate

The fund seeks long-term growth by investing primarily in equity securities of small and midsize U.S. companies that the adviser considers underpriced relative to their expected growth.

Why people hold it

  • Genuinely active, not an index in disguise. The mandate is stock-by-stock: US small and midsize companies the adviser considers underpriced relative to their expected growth.
  • Different lane from its category's heavyweights. The largest active US equity ETFs (DFAU, DFAC, AVLC) sit in large-cap core; MGMT works the smaller, less-covered end of the market.
  • Live since December 2020, so it carries a multi-year record through a full rate cycle inside a standard 1940 Act ETF wrapper.

Worth knowing

  • Costs 1.10% a year, roughly double the typical active US equity ETF. That is a real annual hurdle the stock picking has to clear.
  • Small fund, light tape. It trades thinly next to the category's giants, so spreads can widen and limit orders matter more than they would in a mega-fund.
  • No index to grade it against. Results ride on the manager's judgment about what is underpriced, which is harder to monitor than a rules-based portfolio.

MGMT Performance

Launched Dec 2, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
MGMT$11,857
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. MGMT $11,857. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MGMT. Periods over one year show the average yearly return.
PeriodMGMT
Year to date+13.5%
1 month+1.6%
3 months−0.8%
1 year+18.6%
3 yearsper year+16.0%
5 yearsper year+6.9%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MGMT
YearReturn barMGMT
2026 YTD+13.5%
2025+7.0%
2024+12.9%
2023+17.9%
2022−14.5%
2021+40.8%
2020+5.4%

History from Dec 3, 2020

MGMT in the news

MGMT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.30%Last 12 months
Payout per share
$0.15Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 30, 2021 $0.10; Dec 29, 2022 $0.29; Dec 28, 2023 $0.43; Dec 30, 2024 $0.21; Dec 30, 2025 $0.15. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 5, 2026$0.15
Dec 30, 2024Jan 6, 2025$0.21
Dec 28, 2023Jan 3, 2024$0.43
Dec 29, 2022Jan 5, 2023$0.29
Dec 30, 2021Jan 5, 2022$0.10

$10,000 in MGMT 5 years ago paid $310 in dividends.

MGMT Risk

Risk pillarC44 out of 100Rank 27 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
17.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−24.9%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.89
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MGMT Cost

Compare MGMT and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$16,542

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MGMT 1.10%

    $20,291

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • MGMT 1.10%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530MGMT $20,291AVMC $3,749

Year by year

YearMGMTAVMCOverpaying
10$1,931$328$1,603
20$7,225$1,281$5,944
30$20,291$3,749$16,542
How the 1.10% is worked out

Full fee 1.15%− waiver 0.05%= you pay 1.10%

The waiver ends Jan 31, 2027. After that the fee is 1.15% unless Ballast renews it. Source: prospectus, Jan 2026.

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