MGMT: BALLAST SMALL/MID CAP ETF
What this ETF is trying to do
The Ballast Small/Mid Cap ETF (MGMT) is an exchange-traded fund that invests in a variety of smaller and medium-sized companies. Based on its top holdings, it spreads its investments across different industries, including natural resources, banking, and technology.
What the numbers show
As of October 9, 2026, the share price was $49.19. To understand how the price has changed, we can look at the price return (which only tracks the share price) and the total return (which includes distributions).
• Year-to-Date: The price return is 10.96%, and the total return is also 10.96%.
• One Year: The price return is 13.37%, while the total return is 13.76%.
• Three Year: The price return is 43.95%, and the total return is 46.86%.
For a simple example, the estimated price from roughly one year ago was $43.38. If you had invested $10,000 based on that estimated price, the price-only growth would be approximately $1,337.45.
Income and distribution explanation
This ETF pays out cash distributions to investors, but it does so irregularly and less frequently. In the last 12 months, there was only one payout. The distribution yield is 0.31%.
It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment value will stay the same or grow.
NAV erosion explanation
"NAV erosion" happens when the actual value of the assets inside an ETF drops over time. StockValueFinder uses an erosion-risk score to measure this. MGMT has an erosion score of 100, and the erosion label states "No price erosion detected." The erosion severity is listed as "good," and there is no severe erosion-risk flag for this fund.
Top Holdings
The fund holds 54 different assets. Because the list is partial, we only see the Top Holdings. As of October 11, 2026, the largest holdings include:
• Natural Resources Partners LP: 4.75%
• Climb Global Solutions Inc: 4.52%
• Capital Bancorp Inc: 3.21%
• Federal Agricultural Mortgage Corp Class C: 3.13%
• AZZ Inc: 3.02%
Pros
• Positive price and total returns over the one-year and three-year periods.
• No detected price erosion according to the erosion-risk score.
• Diversified across many small and mid-cap companies.
Cons
• Very low distribution yield (0.31%).
• Irregular payout schedule, meaning investors cannot rely on a steady monthly or quarterly check.
Beginner takeaway
MGMT is a fund focused on small and mid-sized companies. While it has shown growth in share price and total return over the last few years, it is not designed for investors seeking high or regular income.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NATURAL RESOURCES PARTNERS LP | NRP | 4.75% |
| 2 | CLIMB GLOBAL SOLUTIONS INC | CLMB | 4.52% |
| 3 | CAPITAL BANCORP INC | CBNK | 3.21% |
| 4 | FEDERAL AGRICULTURAL MORTGAGE CORP CLASS C | AGM | 3.13% |
| 5 | AZZ INC | AZZ | 3.02% |
| 6 | CAVCO INDUSTRIES INC | CVCO | 2.83% |
| 7 | MERCHANTS BANCORP | MBIN | 2.65% |
| 8 | KOSMOS ENERGY LTD | KOS | 2.49% |
| 9 | PAYSIGN INC | PAYS | 2.36% |
| 10 | CONSENSUS CLOUD SOLUTIONS INC ORDINARY SHARES | CCSI | 2.34% |