Mod load order (Euro Truck Simulator 2)

Help me to understand. As far as I understand, before, when there were no mod managers, loading was carried out in alphabetical order from the mod folder. The files that were marked with "zzzzz" were loaded last. With update 1.19, a mod manager has appeared in which it is possible to set the priority. It turns out that the file with the highest priority (above) is loaded first, and with the lowest, the last one? Did I understand everything correctly?