Fund Evaluator:
Steward Values Enhanced SmMidCapA (TRDFX)
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Best Performing in Small Blend Over the Last Year
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Fund Details
Steward Values Enhanced SmMidCapA Overview
Steward Values Enhanced SmMidCapA (TRDFX) is an actively managed U.S. Equity Small Blend fund. Crossmark Steward Funds launched the fund in 1952.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its assets in the securities of small- to mid‑cap companies included in the fund’s benchmark index that pass the fund’s values-based screens. Small- to mid‑cap companies are defined by the market capitalization range of the fund’s benchmark index, the S&P 1000® Index, from time to time.
About Steward Values Enhanced SmMidCapA (TRDFX)
There are 2 members of the management team with an average tenure of 2.52 years: Rob Botard, CFA (2023), Andrew Cullivan (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund 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%. Steward Values Enhanced SmMidCapA has 847 securities in its portfolio. The top 10 holdings constitute 5.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Steward Values Enhanced SmMidCapA is part of the Equity global asset class and is within the U.S. Equity fund group. Steward Values Enhanced SmMidCapA has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.2%. 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). Steward Values Enhanced SmMidCapA has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $37 million in total assets, which is below the $685 million 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.
TRDFX 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 Steward Values Enhanced SmMidCapA expense ratio is high compared to funds in the Small Blend category. Steward Values Enhanced SmMidCapA has an expense ratio of 0.83%, which is 21% 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. Steward Values Enhanced SmMidCapA has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.
Recently, in the month of July 2026, Steward Values Enhanced SmMidCapA returned -2.6%, which earned it a grade of C, as the Small Blend category had an average return of -2.8%. 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 funds in that category.
Steward Values Enhanced SmMidCapA has a trailing yield of 0.54%, which is above the 0.42% 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.
Steward Values Enhanced SmMidCapA Grades
Year to date, the fund has returned 15.6%, 2.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 23.3% over the past year (grade of D), 11.5% over the past three years (grade of D) and 7.1% per year over the past five years (grade of C) and 9.5% per year over the past 10 years (grade of D).
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TRDFX 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 |
|
| TRDFX Return (NAV) | -2.6% | 3.6% | 23.3% | 11.5% | 7.1% | 9.5% |
| TRDFX Grade | C | D | D | D | C | D |
| +/- Category | 0.3% | -1.6% | -4.9% | -2.0% | -0.5% | -0.8% |
| Small Blend Avg | -2.8% | 5.2% | 28.3% | 13.5% | 7.6% | 10.3% |
| TRDFX Tax Cost Ratio | na | na | 2.2% | 1.7% | 2.9% | 2.3% |
TRDFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TRDFX Return (NAV) | 15.6% | 5.7% | 10.2% | 15.8% | -14.7% | 26.3% | 10.4% | 21.4% | -12.4% | 13.8% | 23.0% |
| TRDFX Grade | D | D | D | D | B | B | D | F | D | C | B |
| +/- Category | -2.5% | -2.2% | -1.4% | -0.7% | 1.8% | 3.1% | -4.0% | -4.1% | -0.6% | -0.3% | 2.8% |
| Small Blend Avg | 18.2% | 7.9% | 11.6% | 16.5% | -16.5% | 23.2% | 14.4% | 25.5% | -11.8% | 14.1% | 20.2% |
| Risk Measures | |
| Standard Deviation: | 16.9% |
| Total Risk Index: | 1.38 - High |
| Category Risk Index: | 0.91 - Low |
| Category Risk Grade: | A (16% Rank) |
| Beta: | 1.02 |
| R-Squared: | 62% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $194 Mil |
| Fund Total Assets: | $ 38 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Botard, CFA Rob (2023), Cullivan Andrew (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 847 |
| % in Top 10 Holdings: | 5.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.2% |
| Foreign Stock: | 1.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Fund Family: | Crossmark Steward Funds |
| Phone Number: | 888-845-6910 |
| Website: | www.stewardmutualfunds.com |
| Status: | Open |
| Inception Date: | January 31, 1952 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.83% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Steward Values Enhanced SmMidCapA |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
