ETF Evaluator:
SMART Mid Cap ETF ()
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(as of Aug 25)
Best Performing in Mid-Cap Growth Over the Last Year
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ETF Details
SMART Mid Cap ETF Overview
SMART Mid Cap ETF (SMCP) is an actively managed U.S. Equity Mid-Cap Growth exchange-traded fund (ETF). SmartWay ETFs launched the ETF in 2026.
The investment seeks long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that invests primarily in equity securities of U.S. domiciled, mid-capitalization companies whose shares are listed on U.S. exchanges. It is non-diversified.
About SMART Mid Cap ETF (SMCP)
There are 3 members of the management team with an average tenure of 0.22 years: Andrew Hicks (2026), Qiao Duan (2026) and David Brooks (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
SMART Mid Cap ETF has 33 securities in its portfolio. The top 10 holdings constitute 57.8% 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.
SMART Mid Cap ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. SMART Mid Cap ETF has 47.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 52.0% There is 47.0% 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). SMART Mid Cap ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $4 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.
SMCP 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 SMART Mid Cap ETF expense ratio is above average compared to funds in the Mid-Cap Growth category. SMART Mid Cap ETF has an expense ratio of 0.79%, which is 50% 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. SMART Mid Cap 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 166% for the Mid-Cap Growth category.
Recently, in the month of July 2026, SMART Mid Cap ETF returned -0.0%, which earned it a grade of A, 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.
SMART Mid Cap 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.
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SMCP 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 |
|
| SMCP Return (NAV) | -0.0% | na | na | na | na | na |
| SMCP Return (Price) | 1.0% | na | na | na | na | na |
| NAV +/- Price Return | -1.059% | na | na | na | na | na |
| Mid-Cap Growth Avg | -6.0% | 2.2% | 13.8% | 14.5% | 4.1% | 11.9% |
| SMCP Grade (NAV) | A | na | na | na | na | na |
| +/- Category (NAV) | 6.0% | na | na | na | na | na |
| SMCP Tax-Cost Ratio | na | na | na | na | na | na |
SMCP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SMCP Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| SMCP Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | 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% |
| SMCP Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | 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: | -- |
| Total Assets: | $ 4 Mil |
| Share Class Assets: | $ 4 Mil |
| Turnover: | na |
| Expense Ratio: | 0.79% |
| Index Fund: | No |
| Index Tracked: | N/A |
| 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: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Hicks Andrew (2026), Duan Qiao (2026), Brooks David (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 57.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 47.0% |
Portfolio Allocation |
|
| Domestic Stock: | 52.0% |
| Foreign Stock: | 47.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | SmartWay ETFs |
| Phone Number: | 877-752-2442 |
| Website: | |
| Inception Date: | May 11, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.79% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.53% |
