ETF Evaluator:
Aztlan Global Stock Sel Dm SMID ETF ()
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(as of Aug 24)
Best Performing in Global Small/Mid Stock Over the Last Year
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ETF Details
Aztlan Global Stock Sel Dm SMID ETF Overview
Aztlan Global Stock Sel Dm SMID ETF (AZTD) is a passively managed International Equity Global Small/Mid Stock exchange-traded fund (ETF). Aztlan ETFs launched the ETF in 2022.
The investment seeks to track the performance, before fees and expenses, of the Solactive Aztlan Global Developed Markets SMID Cap Index.
The index is comprised of equity securities of companies from the following three developed markets (DM) regions. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities of SMID-capitalization companies incorporated in or that are listed in developed markets.
About Aztlan Global Stock Sel Dm SMID ETF (AZTD)
There are 2 members of the management team with an average tenure of 3.96 years: Michael Venuto (2022) and Charles Ragauss (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI World SMID NR USD index with a weighting of 100%. Aztlan Global Stock Sel Dm SMID ETF has 56 securities in its portfolio. The top 10 holdings constitute 25.9% 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.
Aztlan Global Stock Sel Dm SMID ETF is part of the Equity global asset class and is within the International Equity ETF group. Aztlan Global Stock Sel Dm SMID ETF has 51.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 48.3% There is 51.3% 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). Aztlan Global Stock Sel Dm SMID ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $37 million in total assets, which is below the $286 million average for the Global Small/Mid Stock 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.
AZTD 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 Aztlan Global Stock Sel Dm SMID ETF expense ratio is above average compared to funds in the Global Small/Mid Stock category. Aztlan Global Stock Sel Dm SMID ETF has an expense ratio of 0.75%, which is 10% 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. Aztlan Global Stock Sel Dm SMID ETF has a portfolio turnover rate of 316%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 94% for the Global Small/Mid Stock category.
Recently, in the month of July 2026, Aztlan Global Stock Sel Dm SMID ETF returned -2.7%, which earned it a grade of D, as the Global Small/Mid Stock category had an average return of -3.4%. 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.
Aztlan Global Stock Sel Dm SMID ETF has a trailing yield of 0.93%, which is below the 1.65% 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.
Aztlan Global Stock Sel Dm SMID ETF Grades
Year to date, the ETF has returned 13.5%, 1.0 percentage points better than the category, which translates into a grade of C. The fund has returned 18.5% over the past year (grade of D) and 14.5% over the past three years (grade of C).
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AZTD 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 |
|
| AZTD Return (NAV) | -2.7% | 1.0% | 18.5% | 14.5% | na | na |
| AZTD Return (Price) | -1.0% | 0.9% | 17.2% | 14.5% | na | na |
| NAV +/- Price Return | -1.665% | 0.072% | 1.272% | -0.035% | na | na |
| Global Small/Mid Stock Avg | -3.4% | -2.0% | 21.6% | 9.0% | -0.7% | 3.2% |
| AZTD Grade (NAV) | D | C | D | C | na | na |
| +/- Category (NAV) | 0.7% | 3.0% | -3.0% | 5.5% | na | na |
| AZTD Tax-Cost Ratio | na | na | 0.4% | 0.4% | na | na |
AZTD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| AZTD Return (NAV) | 13.5% | 24.9% | 7.0% | 11.1% | na | na | na | na | na | na | na |
| AZTD Return (Price) | 12.7% | 22.5% | 10.2% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.058% | -0.098% | 0.471% | na | na | na | na | na | na | na | na |
| Global Small/Mid Stock Avg | 12.5% | 21.5% | 3.5% | 3.0% | -21.6% | 0.3% | 44.8% | 26.2% | -16.9% | 19.7% | 3.3% |
| AZTD Grade (NAV) | C | B | C | B | na | na | na | na | na | na | na |
| +/- Category | 1.0% | 3.4% | 3.5% | 8.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.10 |
| R-Squared: | 71% |
| Standard Deviation: | 16.5% |
| Category Risk Index: | 0.82 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.34 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 38 Mil |
| Share Class Assets: | $ 38 Mil |
| Turnover: | 316.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.0 years | |||
| Average Tenure: 4.0 years | |||
| Managers (Year): Venuto Michael (2022), Ragauss Charles (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 25.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 51.3% |
Portfolio Allocation |
|
| Domestic Stock: | 48.3% |
| Foreign Stock: | 51.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.4% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Aztlan ETFs |
| Phone Number: | 800-886-4107 |
| Website: | |
| Inception Date: | August 17, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.68% |
