Investment Objective

The Ballast Small/Mid Cap ETF seeks to generate positive risk adjusted returns by actively investing in equity securities of small and midsize U.S.Companies led by great management teams.

Investment Philosophy

At Ballast, we believe investing in great management teams and businesses leads to better stock performance over the long-term. We think that individual stock selection is important, and it starts with a process of first evaluating the possible downside loss in a worst-case scenario. Only after fully understanding the risk do we focus on the upside prospects of a stock. We believe the flexibility to invest in smaller and midsized companies offers more opportunities to invest in growing, vibrant businesses that fewer people have heard about. We seek to find the optimal combination of return and risk to mitigate downside risk, while rewarding patient investors.

Fund Details (as of 08.27.2021)
Ticker
MGMT
Inception Date
12.2.2020
Benchmark
Russell 2500 Value Index
NAV
$36.68
Closing Market Price
$36.75
Premium/Discount
0.07%
Median Bid/Ask Spread
N/A

Quarter-End Performance (as of 06.30.2021)

1 MO.
Since Inception
NAV
2.43%
46.72%
Closing Market Price
2.54%
47.00%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. The total annual fund operating expense is 1.37%. The total annual operating expense after fee waiver is 1.10%. For performance information current to the most recent month-end, please call toll-free (866) 383-6468. Ballast Funds are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Historical Premium/Discount

 
 
Days at premium
Days at discount

The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market price.

Portfolio Holdings (as of TBD)

Ticker
CUSIP
Description
Quantity
Portfolio Weight

* Portfolio holdings are subject to change and should not be considered investment advice.

The Russell 2500 Value Index measures the performance of those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. Returns shown include the reinvestment of dividends and are based on data obtained from FTSE Russell.

Important Risk Information

The Fund is a new ETF and has a limited history of operations for investors to evaluate. The Portfolio Manager has prior experience managing a mutual fund. However, the Adviser has not previously managed a mutual fund or an ETF. As a result, investors do not have a long-term track record of managing an ETF from which to judge the Adviser and the Adviser may not achieve the intended result in managing the Fund. Market risk includes the possibility that the Fund’s investments will decline in value because of a downturn in the stock market, reducing the value of individual companies’ stocks regardless of the success or failure of an individual company’s operations. Securities of companies with small and medium market capitalizations are often more volatile and less liquid than investments in larger companies. Small and mid-cap companies may face a greater risk of business failure, which could increase the volatility of the Fund’s portfolio. The Fund is actively-managed and is thus subject to management risk. The Adviser will apply its investment techniques and strategies in making investment decisions for the Fund, but there is no guarantee that its techniques will produce the intended results. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption process of the Fund. The net asset value of the Fund will fluctuate based on changes in the value of the U.S. equity securities held by the Fund.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Ballast Small/Mid Cap ETF. This and other important information about the ETF is contained in the Prospectus, which can be obtained at mgmtetf.com or by calling (866) 383-6468. The Prospectus should be read carefully before investing. The Ballast Small/Mid Cap ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Northern Lights Distributors, LLC and Ballast Management are not affiliated.

7457-NLD-11/30/2020