ETF Evaluator:
Congress SMid Growth ETF ()
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(as of Aug 26)
Best Performing in Mid-Cap Growth Over the Last Year
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ETF Details
Congress SMid Growth ETF Overview
Congress SMid Growth ETF (CSMD) is an actively managed U.S. Equity Mid-Cap Growth exchange-traded fund (ETF). Congress launched the ETF in 2023.
The investment seeks long‑term capital appreciation.
The fund is an actively-managed exchange-traded fund (“ETF”). The fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small and mid-capitalization companies. The fund invests primarily in publicly traded stocks of U.S. companies which the adviser considers to have a small to mid-size market capitalization.
About Congress SMid Growth ETF (CSMD)
There are 2 members of the management team with an average tenure of 2.95 years: Nancy Huynh (2023) and Daniel Lagan (2023). 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 Russell 2500 Growth TR USD index with a weighting of 100%. Congress SMid Growth ETF has 49 securities in its portfolio. The top 10 holdings constitute 32.1% 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.
Congress SMid Growth ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Congress SMid Growth ETF has 3.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.5% There is 3.6% 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). Congress SMid Growth ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $454 million in total assets, which is below the $1 billion average for the Mid-Cap Growth 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.
CSMD 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 Congress SMid Growth ETF expense ratio is above average compared to funds in the Mid-Cap Growth category. Congress SMid Growth ETF has an expense ratio of 0.68%, which is 29% higher than its category average, making the fund expense ratio grade a D. 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. Congress SMid Growth ETF has a portfolio turnover rate of 23%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 166% for the Mid-Cap Growth category.
Recently, in the month of July 2026, Congress SMid Growth ETF returned -7.6%, which earned it a grade of D, as the Mid-Cap Growth category had an average return of -6.0%. 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.
Congress SMid Growth ETF has a trailing yield of 0.00%, which is below the 0.41% 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.
Congress SMid Growth ETF Grades
Year to date, the ETF has returned 6.6%, 2.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.2% over the past year (grade of D).
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CSMD 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 |
|
| CSMD Return (NAV) | -7.6% | 3.9% | 5.2% | na | na | na |
| CSMD Return (Price) | -7.6% | 3.9% | 5.2% | na | na | na |
| NAV +/- Price Return | -0.021% | -0.014% | -0.016% | na | na | na |
| Mid-Cap Growth Avg | -6.0% | 2.2% | 13.8% | 14.5% | 4.1% | 11.9% |
| CSMD Grade (NAV) | D | B | D | na | na | na |
| +/- Category (NAV) | -1.6% | 1.7% | -8.6% | na | na | na |
| CSMD Tax-Cost Ratio | na | na | 0.0% | na | na | na |
CSMD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CSMD Return (NAV) | 6.6% | 5.7% | 12.6% | na | na | na | na | na | na | na | na |
| CSMD Return (Price) | 6.6% | 5.7% | 12.7% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.003% | -0.005% | 0.011% | na | na | na | na | na | na | na | na |
| Mid-Cap Growth Avg | 9.5% | 11.5% | 20.5% | 23.6% | -30.6% | 9.4% | 50.3% | 29.2% | -8.2% | 29.5% | 7.9% |
| CSMD Grade (NAV) | C | D | F | na | na | na | na | na | na | na | na |
| +/- Category | -2.8% | -5.8% | -8.0% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 454 Mil |
| Share Class Assets: | $ 454 Mil |
| Turnover: | 23.0% |
| Expense Ratio: | 0.68% |
| Index Fund: | No |
| 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: 3.0 years | |||
| Average Tenure: 3.0 years | |||
| Managers (Year): Huynh Nancy (2023), Lagan Daniel (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 49 |
| % in Top 10 Holdings: | 32.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.6% |
Portfolio Allocation |
|
| Domestic Stock: | 95.5% |
| Foreign Stock: | 3.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Congress |
| Phone Number: | 888-688-1299 |
| Website: | |
| Inception Date: | August 21, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.68% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.53% |
