Key stats
Details
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Inception date
Sep 14, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Pine Distributors LLC
ISIN
US02072L4251
CUSIP
02072L425
FIGI
BBG01J5NVN06
Identifiers
ISIN US02072L4251
SMRI invests in US mid- and large-cap stocks that appear undervalued by the market. The adviser combines quantitative and qualitative analyses that adapt to various economic conditions throughout a full market cycle. It focuses on metrics like ROIC, capital allocation, and free cash flow generated relative to enterprise value. The initial investment pool consists of Russell 1000 and the S&P 500 stocks, excluding the financial sector. It is then narrowed down to approximately 100 companies based on profitability, valuation, and capital allocation. Additionally, the adviser evaluates financials, event transcripts, investor presentations, as well as discounted cash flow valuations to estimate a company's intrinsic value. This process results in 30 to 50 stocks that are trading for less than book value. The portfolio maintains equal weighting, with potential allocations of up to 20% in ETFs and 10% in special situations or opportunities from overlooked sectors.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Energy Minerals
Health Technology
Stocks99.91%
Technology Services24.62%
Energy Minerals23.49%
Health Technology14.08%
Health Services5.93%
Consumer Services5.85%
Electronic Technology5.16%
Utilities3.97%
Distribution Services3.88%
Non-Energy Minerals3.63%
Consumer Durables3.62%
Commercial Services2.04%
Transportation1.88%
Communications1.76%
Bonds, Cash & Other0.09%
Mutual fund0.06%
Cash0.03%
Breakdown by region
North America95.79%
Europe4.21%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
SMRI invests in stocks. The fund's major sectors are Technology Services, with 24.62% stocks, and Energy Minerals, with 23.49% of the basket. The assets are mostly located in the North America region.
SMRI top holdings are Marathon Petroleum Corporation and Valero Energy Corporation, occupying 2.40% and 2.38% of the portfolio correspondingly.
SMRI last dividends amounted to 0.03 USD. The quarter before, the issuer paid 0.07 USD in dividends, which shows a 124.09% decrease.
SMRI assets under management is 611.70 M USD. It's risen 4.84% over the last month.
SMRI fund flows account for 39.65 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMRI pays dividends to its holders with the dividend yield of 0.88%. The last dividend (Jun 30, 2026) amounted to 0.03 USD. The dividends are paid quarterly.
SMRI shares are issued by Empirical Finance LLC under the brand Bushido. The ETF was launched on Sep 14, 2023, and its management style is Active.
SMRI expense ratio is 0.71% meaning you'd have to pay 0.71% of your investment to help manage the fund.
SMRI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMRI invests in stocks.
SMRI price has risen by 5.31% over the last month, and its yearly performance shows a 28.45% increase. See more dynamics on SMRI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.74% over the last month, showed a 15.29% increase in three-month performance and has increased by 31.02% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.74% over the last month, showed a 15.29% increase in three-month performance and has increased by 31.02% in a year.
SMRI trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.