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
| ISIN | US90470L5509 |
|---|---|
| CUSIP | 90470L550 |
| Issuer | Inverdale Capital Management LLC |
| Inception Date | Dec 2, 2020 |
| Region | North America (U.S.) |
| Category | Mid Cap Blend Equities, Actively Managed |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Expense Ratio
The Ballast Small/Mid Cap ETF has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MGMT vs. AVUV, MGMT vs. MBOX
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 -3.23% year-to-date (YTD) and 10.37% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.23% | 5.05% |
| 1 month | -3.82% | -4.27% |
| 6 months | 11.23% | 18.82% |
| 1 year | 10.37% | 21.22% |
| 5 years (annualized) | N/A | 11.38% |
| 10 years (annualized) | N/A | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.89% | 2.25% | 4.25% | |||||||||
| 2023 | -2.64% | -5.52% | 6.26% | 8.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Ballast Small/Mid Cap ETF(MGMT)
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 granted a 1.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.43 | $0.43 | $0.29 | $0.10 |
Dividend yield | 1.20% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 |
| 2021 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 5.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.95% | Jan 5, 2022 | 182 | Sep 26, 2022 | 314 | Dec 26, 2023 | 496 |
| -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 |
| -6.43% | Apr 1, 2024 | 14 | Apr 18, 2024 | — | — | — |
| -6.35% | Dec 27, 2023 | 33 | Feb 13, 2024 | 26 | Mar 21, 2024 | 59 |
Volatility
Volatility Chart
The current Ballast Small/Mid Cap ETF volatility is 4.09%, 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.