ETF Evaluator:
Themes US Small Cp CA Flw Champ ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Small Value Over the Last Year
| 44.0% | EA Bridgeway Omni Small-Cap Value ETF (BSVO) |
| 43.5% | Cambria Micro and Smcp Shld Yld ETF (MYLD) |
| 42.4% | First Trust Small Cap Val AlphaDEX® ETF (FYT) |
| 42.0% | Invesco S&P SmallCap 600® Pure Value ETF (RZV) |
| 41.7% | EA Bridgeway Ultra-Small Company Mkt ETF (BUSM) |
Risk
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Risk
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ETF Details
Themes US Small Cp CA Flw Champ ETF Overview
Themes US Small Cp CA Flw Champ ETF (SMCF) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). Themes ETF Trust launched the ETF in 2023.
The investment seeks to track the performance, before fees and expenses, of the Solactive U.S. Small Cap Cash Flow Champions Index.
The index is a free-float adjusted, market capitalization weighted index that is designed to provide exposure to small capitalization U.S. companies that have a high cash flow yield. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.
About Themes US Small Cp CA Flw Champ ETF (SMCF)
There are 3 members of the management team with an average tenure of 2.26 years: Dingxun(Kevin) Shao (2023), Calvin Tsang (2023) and Paul Bartkowiak (2025). 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 Solactive US SC C F Champions TR USD index with a weighting of 100%. Themes US Small Cp CA Flw Champ ETF has 76 securities in its portfolio. The top 10 holdings constitute 35.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Themes US Small Cp CA Flw Champ ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Themes US Small Cp CA Flw Champ ETF has 5.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.4% There is 5.2% 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). Themes US Small Cp CA Flw Champ ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $2 billion average for the Small Value 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.
SMCF 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 Themes US Small Cp CA Flw Champ ETF expense ratio is below average compared to funds in the Small Value category. Themes US Small Cp CA Flw Champ ETF has an expense ratio of 0.29%, which is 40% lower than its category average, making the fund expense ratio grade a B. 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. Themes US Small Cp CA Flw Champ ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 60% for the Small Value category.
Recently, in the month of July 2026, Themes US Small Cp CA Flw Champ ETF returned 4.1%, which earned it a grade of A, as the Small Value category had an average return of 1.2%. 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.
Themes US Small Cp CA Flw Champ ETF has a trailing yield of 3.18%, which is above the 1.71% 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.
Themes US Small Cp CA Flw Champ ETF Grades
Year to date, the ETF has returned 23.2%, 3.4 percentage points better than the category, which translates into a grade of B. The fund has returned 33.8% over the past year (grade of C).
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SMCF 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 |
|
| SMCF Return (NAV) | 4.1% | 6.6% | 33.8% | na | na | na |
| SMCF Return (Price) | 4.2% | 7.0% | 29.8% | na | na | na |
| NAV +/- Price Return | -0.025% | -0.332% | 4.004% | na | na | na |
| Small Value Avg | 1.2% | 6.4% | 31.1% | 13.1% | 8.6% | 10.2% |
| SMCF Grade (NAV) | A | C | C | na | na | na |
| +/- Category (NAV) | 3.0% | 0.3% | 2.7% | na | na | na |
| SMCF Tax-Cost Ratio | na | na | 1.5% | na | na | na |
SMCF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SMCF Return (NAV) | 23.2% | 9.5% | 16.4% | na | na | na | na | na | na | na | na |
| SMCF Return (Price) | 23.2% | 9.4% | 16.3% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | -0.012% | -0.006% | na | na | na | na | na | na | na | na |
| Small Value Avg | 19.7% | 7.0% | 7.8% | 17.1% | -10.9% | 33.0% | 4.1% | 21.2% | -12.2% | 9.8% | 29.4% |
| SMCF Grade (NAV) | B | B | A | na | na | na | na | na | na | na | na |
| +/- Category | 3.4% | 2.5% | 8.6% | 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: | 3.2% |
| Total Assets: | $ 3 Mil |
| Share Class Assets: | $ 3 Mil |
| Turnover: | na |
| Expense Ratio: | 0.29% |
| 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: 3 | |||
| Longest Tenure: 2.6 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Shao Dingxun(Kevin) (2023), Tsang Calvin (2023), Bartkowiak Paul (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 76 |
| % in Top 10 Holdings: | 35.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.2% |
Portfolio Allocation |
|
| Domestic Stock: | 94.4% |
| Foreign Stock: | 5.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Themes ETF Trust |
| Phone Number: | 866-584-3637 |
| Website: | www.ThemesETFs.com |
| Inception Date: | December 12, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.29% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.48% |
