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Posted by
Two Blokes Jun 26 -
Filed in
Stock
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2 views
Ballast Small/Mid Cap ETF is marketed as a small/mid-cap ETF, but 70% of its components have market caps below $3 billion, making it closer to a micro-cap play. A big drawback is the MGMT's 1.10% expense ratio. Like dividends, these fees compound, making it increasingly more difficult for long-term investors to justify the extra cost. However, I'm impressed with MGMT's quality features. Ballast's screening process for management teams is qualitative, but quantitatively, it's solid too, with 14% weighted average net margins and ROE.
