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Skypoint Capital

Ballast Asset Management

ballast small/mid cap etf

Investment Objective

Seeks to generate positive risk-adjusted returns by actively investing in equity securities of small and midsize U.S. companies led by proven management teams.

Overview

Firm

Ballast Asset Management is an SEC registered investment advisor headquartered in Dallas, TX. Ballast’s approach to investing is fundamental and bottom up, seeking to invest when the market has undeservedly low expectations for companies with a demonstrated ability to generate free cash flow, maintain a healthy balance sheet, allocate capital effectively and execute successfully. Ballast’s foremost goal is preserving capital and believes investing in great management teams and businesses leads to better stock performance over the long-term.

Strategy

The Ballast Small/Mid Cap actively managed ETF (MGMT) seeks to generate positive risk-adjusted returns by actively investing in equity securities of small and midsize U.S. companies led by proven management teams. Investing in MGMT is an opportunity to easily access a proven institutional strategy that until recently was unavailable to individual investors.

  • Holdings: Portfolio typically consists of 40-70 long equity positions
  • Company Types: Small and midsize U.S. companies led by proven management teams
  • Market Capitalization: Companies ranging between $100 million and $10 billion

Ballast Small/Mid Cap Value ETF Key Facts

Please visit Ballast for additional fund information.

Fund StructureActively Managed ETF
Asset ClassEquity/Small/Mid-Cap Value
TickerMGMT
CUSIP90470L550
Inception Date12/02/2020​
BenchmarkRussell 2500 Value Index

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 etf.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, Ballast Asset Management and Skypoint Capital Partners are not affiliated. Fund fact sheet available at etf.mgmtetf.com.

Our Team

We manage macroeconomic and other portfolio level risks using a fundamental risk model, which enables us to control net exposures and rapidly react to unexpected events with full fundamental evidence. 

  • Ragen Stienke, CFA

    Managing Partner
    CIO, Portfolio Manager

  • Tom Fogarty Jr., CFA

    Partner
    Portfolio Manager

  • Jay Singhania, CFA

    Partner
    Portfolio Manager

Ragen Stienke, CFA

Managing Partner
CIO, Portfolio Manager

Prior experience:

  • Westwood Management: Senior Portfolio Manager SMid and SMid Plus Products
  • UBS Investment Bank: U.S. Equity Strategy Team
  • University of Texas at Austin, B.A.

Ragen Stienke has over 25 years of experience in the financial services industry, spanning from early stage investing in start-ups to public equities. Before starting Ballast Asset Management, Ragen was the Senior Portfolio Manager of the SMid and SMid Plus products at Westwood Management, an investment firm with over $20bn in assets under management. Ragen joined Westwood in 2004, and was responsible for managing and growing the SMid product from its infancy to over $3bn. Upon closing the SMid product, Ragen launched a sister portfolio in SMid Plus where he raised nearly $1bn in assets. During his management of SMid, the portfolio had a 10 year track record that ranked in the top 10% against its respective peer group1. Ragen was also a member of the Portfolio Risk Committee and the Business Management Committee at Westwood.

Ragen graduated from the University of Texas at Austin with a B.A. in Economics. While pursuing his undergraduate degree, he worked at the IC2 Institute, a research unit of the University of Texas focused on fostering constructive forms of capitalism that accelerate economic development. Upon graduation, Ragen joined Arthur Andersen in the Business Valuation Group. In 2000, he accepted a position with UBS Investment Bank’s research group in New York. While at UBS, he spent three years as a research analyst focused on the software industry. In 2003, Ragen was promoted to Associate Director, where he served on the U.S. Equity Strategy team.

Ragen received his CFA charter in 2003 and is a member of the CFA Institute and the Dallas Society of Financial Analysts.

1 Source: eVestment, period ending June 30, 2015.

Tom Fogarty Jr., CFA

Partner
Portfolio Manager

Prior experience:

  • Thurles, LLC – Founder
  • Dreman Value Management: Senior Investment Analyst & Associate Director of Research
  • Silverstone Capital: Senior Investment Analyst
  • UBS Investment Bank: Associate Director of U.S. Equity Strategy
  • University of Michigan Ross School of Business, M.B.A.
  • Vassar College, B.A.

Prior to joining Ballast as an Investment Analyst, Tom brings more than 25 years of investment analysis and decision making, most recently at his own company, Thurles, LLC. Prior to that, he was Senior Investment Analyst and Associate Director of Research at Dreman Value Management, an equity investment firm with a behavioral economics strategy and peak assets of more than $18 billion. At Silverstone Capital, a market-neutral equity fund with top decile performance in his tenue 2006-2010 and peak AUM of about $450 million, he was Senior Investment Analyst executing a deeply fundamental, riskcontrolled strategy in the global automotive value-chain. He has also held a variety of equity analyst roles at Jefferies and UBS Investment Bank, where he rose to Associate Director of U.S. Equity Strategy. Tom began his investment career as a credit analyst on Moody’s Investor Service’s industrials team. He earned a B.A. from Vassar College and an MBA from University of Michigan Ross School of Business. He earned his CFA charter in 2002 and is a member of the CFA Institute and CFA Society of New York.

Jay Singhania, CFA

Partner
Portfolio Manager

Prior experience:

  • Oakview Value Strategy: Co-Portfolio Manager
  • Westwood Holdings Group: Senior Portfolio Manager, Large Cap Value  & Director of Consumer and Healthcare Research
  • University of Texas at Austin, B.B.A.

Jay has over 25 years of experience and brings an extensive history managing institutional portfolios and analyzing businesses across multiple industries, with a particular expertise in Health Care, Energy and Retail.  Previously as a Co-Portfolio Manager for the Oakview Value strategy, Jay’s responsibilities included idea generation, research and portfolio construction.  Prior to joining Oakview in 2014, Jay spent over 12 years at Westwood Holdings Group where he served as senior portfolio manager for the Large Cap Value strategy as well as serving on the equity portfolio teams for the MLP Infrastructure Renewal Fund, and SmidCap Value.  In addition, Jay was the Director of all Consumer and Healthcare Research at Westwood.

Jay graduated with a BBA in Finance from the University of Texas at Austin.  He earned his CFA designation in 2001.