ETF Evaluator: Intech S&P Small-Mid Cap Divers Alp ETF () Follow This ETF

Intech S&P Small-Mid Cap Divers Alp ETF Overview

Intech S&P Small-Mid Cap Divers Alp ETF (SMDX) is an actively managed U.S. Equity Small Blend exchange-traded fund (ETF). Intech launched the ETF in 2025.

The investment seeks long-term capital appreciation. Under normal market circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in small and mid-cap U.S. companies. The fund manager considers U.S. companies to be small-cap or mid-cap if they are included in the then current market capitalization range of the S&P 1000® Index.

About Intech S&P Small-Mid Cap Divers Alp ETF (SMDX)

There are 5 members of the management team with an average tenure of 1.17 years: Ryan Stever (2025), Andrew Hicks (2026), Qiao Duan (2025), Katherine Hardenbergh (2025) and Paul Duchnowski (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P Composite 1500 (TR) USD index with a weighting of 100% and S&P 1000 TR index with a weighting of 100%. Intech S&P Small-Mid Cap Divers Alp ETF has 528 securities in its portfolio. The top 10 holdings constitute 9.4% 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.

Intech S&P Small-Mid Cap Divers Alp ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Intech S&P Small-Mid Cap Divers Alp ETF has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.0% There is 1.7% 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). Intech S&P Small-Mid Cap Divers Alp ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $130 million in total assets, which is below the $4 billion average for the Small 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.

SMDX 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 Intech S&P Small-Mid Cap Divers Alp ETF expense ratio is below average compared to funds in the Small Blend category. Intech S&P Small-Mid Cap Divers Alp ETF has an expense ratio of 0.35%, which is 17% lower 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. Intech S&P Small-Mid Cap Divers Alp ETF has a portfolio turnover rate of 166%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Small Blend category.

Recently, in the month of July 2026, Intech S&P Small-Mid Cap Divers Alp ETF returned -2.2%, which earned it a grade of C, as the Small Blend category had an average return of -2.1%. 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.

Intech S&P Small-Mid Cap Divers Alp ETF has a trailing yield of 0.52%, which is below the 1.17% 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.

Intech S&P Small-Mid Cap Divers Alp ETF Grades

Year to date, the ETF has returned 16.4%, 1.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 24.9% over the past year (grade of D).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Intech S&P Small-Mid Cap Divers Alp ETF, including its riskiness, submit your email to unlock the rest of the article.