ETF Evaluator:
Strategas Macro Thematic Opp ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
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ETF Details
Strategas Macro Thematic Opp ETF Overview
Strategas Macro Thematic Opp ETF (SAMT) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Strategas Asset Management, LLC launched the ETF in 2022.
The investment seeks long-term capital appreciation.
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its objective by investing principally in common stocks of U.S. companies that Strategas Asset Management, LLC (the “Adviser”) believes most highly correlate to macro-thematic trends. It may invest in securities of companies with any market capitalization, though certain liquidity parameters are required for a security to be considered.
About Strategas Macro Thematic Opp ETF (SAMT)
There are 7 members of the management team with an average tenure of 3.91 years: Rafael Zayas (2022), Nicholas Bohnsack (2022), Jason Trennert (2022), Austin Wen (2022), Devin Ryder (2026), Gerald Hendricks (2022) and Ryan Grabinski (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 NR USD index with a weighting of 100%. Strategas Macro Thematic Opp ETF has 39 securities in its portfolio. The top 10 holdings constitute 27.5% 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.
Strategas Macro Thematic Opp ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Strategas Macro Thematic Opp ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.0% There is 0.0% 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). Strategas Macro Thematic Opp ETF has 18.1% of the portfolio in cash.
Assets Under Management
The fund has $868 million in total assets, which is below the $13 billion average for the Large 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.
SAMT 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 Strategas Macro Thematic Opp ETF expense ratio is above average compared to funds in the Large Blend category. Strategas Macro Thematic Opp ETF has an expense ratio of 0.66%, which is 59% 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. Strategas Macro Thematic Opp ETF has a portfolio turnover rate of 200%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, Strategas Macro Thematic Opp ETF returned -9.1%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. 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.
Strategas Macro Thematic Opp ETF has a trailing yield of 0.62%, which is below the 1.16% 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.
Strategas Macro Thematic Opp ETF Grades
Year to date, the ETF has returned 12.6%, 3.1 percentage points better than the category, which translates into a grade of A. The fund has returned 22.8% over the past year (grade of A) and 23.8% over the past three years (grade of A).
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SAMT 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 |
|
| SAMT Return (NAV) | -9.1% | 0.0% | 22.8% | 23.8% | na | na |
| SAMT Return (Price) | -9.1% | 0.2% | 22.8% | 23.9% | na | na |
| NAV +/- Price Return | -0.007% | -0.150% | 0.004% | -0.090% | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| SAMT Grade (NAV) | F | F | A | A | na | na |
| +/- Category (NAV) | -8.3% | -3.7% | 5.2% | 6.4% | na | na |
| SAMT Tax-Cost Ratio | na | na | 0.3% | 0.5% | na | na |
SAMT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SAMT Return (NAV) | 12.6% | 33.1% | 28.0% | 1.4% | na | na | na | na | na | na | na |
| SAMT Return (Price) | 12.6% | 33.1% | 28.2% | 1.3% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | 0.000% | 0.007% | -0.124% | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| SAMT Grade (NAV) | A | A | A | F | na | na | na | na | na | na | na |
| +/- Category | 3.1% | 17.8% | 6.1% | -21.4% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.91 |
| R-Squared: | 59% |
| Standard Deviation: | 15.4% |
| Category Risk Index: | 1.14 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.25 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.6% |
| Total Assets: | $ 869 Mil |
| Share Class Assets: | $ 869 Mil |
| Turnover: | 200.0% |
| Expense Ratio: | 0.66% |
| Index Fund: | No |
| Index Tracked: | S&P 500 NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 4.5 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Zayas Rafael (2022), Bohnsack Nicholas (2022), Trennert Jason (2022), Wen Austin (2022), Hendricks Gerald (2022), Grabinski Ryan (2022), Ryder Devin (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 27.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 82.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 18.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Strategas Asset Management, LLC |
| Phone Number: | 855-457-3637 |
| Website: | |
| Inception Date: | January 25, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.66% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.41% |
