Ballast Asset Management

Ballast Asset Management, LP, established in 2015, is a Texas-based investment advisory firm specializing in small & mid-capitalization equity securities. The firm serves as the investment adviser to the Ballast Small/Mid Cap ETF and separately managed accounts (SMAs). Clients benefit from a tailored investment strategy aiming for superior risk-adjusted returns. The firm charges an asset-based management fee of 0.95% for the ETF with an expense cap of 1.10%, and up to 1% for SMAs. Clients are required to have a minimum of $1,000,000 to open an SMA account, which can be waived at the adviser's discretion. Ballast Asset Management does not charge performance-based fees and manages accounts with varying compensation structures. The firm exercises investment discretion, allowing them to make decisions on behalf of clients without specific consent for each transaction. Clients' assets are held in custody by unaffiliated entities, and the firm has the authority to vote on clients' securities. Ballast Asset Management follows a proxy voting policy to maximize shareholder value. The firm has no financial commitments that would impair meeting client obligations and has not been involved in bankruptcy proceedings.