Ballast Small/Mid Cap ETF (MGMT)
MGMT is an actively managed ETF by Inverdale Capital Management LLC. MGMT launched on Dec 2, 2020 and has a 1.10% expense ratio.
ETF Info
US90470L5509
90470L550
Dec 2, 2020
North America (U.S.)
1x
No Index (Active)
Multi-Cap
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Ballast Small/Mid Cap ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Ballast Small/Mid Cap ETF had a return of 13.85% year-to-date (YTD) and 24.60% in the last 12 months.
MGMT
13.85%
9.12%
15.76%
24.60%
N/A
N/A
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of MGMT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.89% | 2.25% | 4.25% | -5.55% | 1.86% | -1.63% | 8.61% | -2.44% | 1.30% | -0.74% | 13.85% | ||
| 2023 | 8.40% | -0.88% | -2.23% | -2.28% | -1.32% | 9.91% | 4.66% | -4.37% | -2.64% | -5.52% | 6.26% | 8.22% | 17.87% |
| 2022 | -5.48% | 1.09% | -1.67% | -6.97% | 3.80% | -10.68% | 8.42% | -3.87% | -8.28% | 10.34% | 4.07% | -3.92% | -14.54% |
| 2021 | 5.41% | 12.11% | 6.55% | 3.88% | 2.13% | 0.97% | 0.93% | 0.50% | -2.01% | 2.06% | -1.50% | 4.46% | 40.77% |
| 2020 | 5.36% | 5.36% |
Expense Ratio
MGMT has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MGMT is 48, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Ballast Small/Mid Cap ETF (MGMT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Ballast Small/Mid Cap ETF provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.29 | $0.10 |
Dividend yield | 1.02% | 1.16% | 0.90% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Ballast Small/Mid Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2021 | $0.10 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Ballast Small/Mid Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Ballast Small/Mid Cap ETF was 24.95%, occurring on Sep 26, 2022. Recovery took 314 trading sessions.
The current Ballast Small/Mid Cap ETF drawdown is 1.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.95% | Jan 5, 2022 | 182 | Sep 26, 2022 | 314 | Dec 26, 2023 | 496 |
| -11.1% | Jul 17, 2024 | 16 | Aug 7, 2024 | 49 | Oct 16, 2024 | 65 |
| -7.47% | Apr 1, 2024 | 54 | Jun 14, 2024 | 19 | Jul 15, 2024 | 73 |
| -6.97% | Nov 17, 2021 | 10 | Dec 1, 2021 | 23 | Jan 4, 2022 | 33 |
| -6.96% | Mar 18, 2021 | 5 | Mar 24, 2021 | 21 | Apr 23, 2021 | 26 |
Volatility
Volatility Chart
The current Ballast Small/Mid Cap ETF volatility is 7.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.