# Ballast Small/Mid Cap ETF (MGMT): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mgmt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Ballast · Asset class: Equity - Strategy: Thematic · Inception: 2020-12-02 The fund primarily aims to invest in U.S.-based companies with small to medium market values. Under typical market conditions, at least 80% of its total net assets (including any funds borrowed for investment) will be allocated to equity securities, predominantly common stocks of these domestic businesses. Additionally, the fund maintains the flexibility to shift its assets into highly liquid holdings, such as cash, money market funds, or other short-term fixed income investments. This defensive move, potentially involving all or substantially all of its assets, would be undertaken either t... ## Key Facts | Metric | Value | |---|---| | Price | $49.04 | | Expense Ratio | 1.17% | | Assets Under Management | $164.2M | | NAV | $49.01 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.31% | | Annual Distribution (TTM) | $0.15 /share | | Distribution Frequency | Annual | | 52-Week Range | $40.77 – $52.30 | | Beta | 0.89 | ## Latest Distribution - Amount: $0.1507 /share - Ex-date: 2025-12-30 - Pay date: 2026-01-05 ## Frequently Asked Questions ### What does MGMT invest in? The fund primarily aims to invest in U.S.-based companies with small to medium market values. Under typical market conditions, at least 80% of its total net assets (including any funds borrowed for investment) will be allocated to equity securities, predominantly common stocks of these domestic businesses. Additionally, the fund maintains the flexibility to shift its assets into highly liquid holdings, such as cash, money market funds, or other short-term fixed income investments. This defensive move, potentially involving all or substantially all of its assets, would be undertaken either to protect investor capital or if the Adviser determines that there aren't enough suitable companies available for investment at a given time. ### What is the expense ratio of MGMT? Ballast Small/Mid Cap ETF (MGMT) charges an expense ratio of 1.17%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MGMT? Ballast Small/Mid Cap ETF (MGMT) manages $164.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MGMT actively managed or an index fund? MGMT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was MGMT launched? Ballast Small/Mid Cap ETF (MGMT) launched in December 2020 and is managed by Ballast. ### How has MGMT performed? MGMT's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MGMT pay a dividend? Ballast Small/Mid Cap ETF (MGMT) currently distributes little or no income. Trailing-twelve-month yield is 0.31%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MGMT pay dividends? Ballast Small/Mid Cap ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MGMT's dividend yield? MGMT's trailing-twelve-month yield is 0.31%, calculated from the sum of dividends over the past year divided by the current price. ### When is MGMT's next ex-dividend date? The most recently announced ex-dividend date for MGMT was 2025-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MGMT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.17% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MGMT charge its expense ratio? The expense ratio is deducted in tiny daily slices from MGMT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MGMT cost more than a fund like VOO? MGMT's strategy (current expense ratio 1.17%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MGMT sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MGMT? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MGMT (1.17%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mgmt - Distribution history: https://www.dividenddata.com/funds/mgmt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mgmt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mgmt/expenses - Peer comparison: https://www.dividenddata.com/funds/mgmt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.