ETF Evaluator:
Argent Mid Cap ETF (AMID)
Follow This ETF
(as of Sep 02)
Best Performing in Mid-Cap Blend Over the Last Year
| 58.8% | Castellan Targeted Equity ETF (CTEF) |
| 53.8% | Invesco S&P Spin-Off ETF (CSD) |
| 43.0% | Counterpoint Quantitative Equity ETF (CPAI) |
| 40.8% | Optimize Strategy Index ETF (OPTZ) |
| 37.3% | Tema U.S. Manufacturing & Reshoring ETF (WELD) |
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ETF Details
Argent Mid Cap ETF Overview
Argent Mid Cap ETF (AMID) is an actively managed U.S. Equity Mid-Cap Blend exchange-traded fund (ETF). Argent launched the ETF in 2022.
The investment seeks to outperform the Russell MidCap® Index over the long term.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing in the equity securities of mid-capitalization companies (i.e., companies with market capitalizations in the range of the Russell MidCap® Index that the Sub-Adviser believes are undergoing positive internal and/or external change.
About Argent Mid Cap ETF (AMID)
There are 1 members of the management team with an average tenure of 3.96 years: Kirk McDonald (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. Argent Mid Cap ETF has 48 securities in its portfolio. The top 10 holdings constitute 32.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Argent Mid Cap ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Argent Mid Cap ETF has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.1% There is 1.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Argent Mid Cap ETF has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $110 million in total assets, which is below the $4 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
AMID Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Argent Mid Cap ETF expense ratio is average compared to funds in the Mid-Cap Blend category. Argent Mid Cap ETF has an expense ratio of 0.52%, which is 15% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Argent Mid Cap ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 84% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Argent Mid Cap ETF returned -1.7%, which earned it a grade of C, as the Mid-Cap Blend category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Argent Mid Cap ETF has a trailing yield of 0.34%, which is below the 0.85% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Argent Mid Cap ETF Grades
Year to date, the ETF has returned 6.9%, 7.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 5.8% over the past year (grade of F) and 9.7% over the past three years (grade of F).
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AMID Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| AMID Return (NAV) | -1.7% | 1.4% | 5.8% | 9.7% | na | na |
| AMID Return (Price) | -1.7% | 1.4% | 6.0% | 9.8% | na | na |
| NAV +/- Price Return | -0.054% | 0.003% | -0.162% | -0.022% | na | na |
| Mid-Cap Blend Avg | -1.6% | 4.4% | 20.8% | 14.8% | 8.8% | 11.6% |
| AMID Grade (NAV) | C | F | F | F | na | na |
| +/- Category (NAV) | -0.1% | -3.0% | -14.9% | -5.1% | na | na |
| AMID Tax-Cost Ratio | na | na | 0.1% | 0.2% | na | na |
AMID Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AMID Return (NAV) | 6.9% | -1.4% | 13.0% | 31.3% | na | na | na | na | na | na | na |
| AMID Return (Price) | 6.9% | -1.4% | 13.1% | 31.3% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.002% | -0.019% | 0.004% | -0.000% | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 14.0% | 10.6% | 16.1% | 16.9% | -14.4% | 23.3% | 15.6% | 27.4% | -9.1% | 19.1% | 14.8% |
| AMID Grade (NAV) | F | F | D | A | na | na | na | na | na | na | na |
| +/- Category | -7.1% | -12.0% | -3.1% | 14.3% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.04 |
| R-Squared: | 61% |
| Standard Deviation: | 17.5% |
| Category Risk Index: | 1.12 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.43 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.3% |
| Total Assets: | $ 111 Mil |
| Share Class Assets: | $ 111 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.52% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 4.0 years | |||
| Average Tenure: 4.0 years | |||
| Managers (Year): McDonald Kirk (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 48 |
| % in Top 10 Holdings: | 32.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 97.1% |
| Foreign Stock: | 1.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 1.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Argent |
| Phone Number: | 215-882-9983 |
| Website: | www.valueshares.com |
| Inception Date: | August 16, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.52% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.45% |
