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AZTD

GradeDNew York Stock Exchange Arca

Aztlan Global Stock Selection Dm SMID ETF

Broad Stock Market · Aztlan · Inception 2022-08-18

$30.66−0.36 (−1.15%)

As of Sep 23, 2026, 2:23 PM EDT

History starts Aug 18, 2022.
Intraday session: down, 57 prints from 31.01 to 30.66. Range 30.57 to 30.80. Use the arrow keys to read each point.$30.60$30.70$30.8010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$37M
1Y return
+8.1%
Yield · Last 12 months
0.96%
Holdings
45
Volume · 30D
0M sh
NAV per share
$30.85
52W range
low $26.22high $34.31

The ETF.net AZTD Grade

D

35/ 100

Rank 14 of 16 in International Small-Cap

Confidence High

Six-pillar profile for AZTD. Scores out of 100: Cost 20, Risk 22, Mission 87, Tradability 0, Holdings 29, Durability 25. Strongest: Mission (87). Weakest: Tradability (0). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 35 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 20
    Category rank13/16 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 87
    Category rank11/11 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 22
    Category rank16/16 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank16/16 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 29
    Category rank15/16 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 25
    Category rank16/16 · bottom quartile

Graded as of Sep 22, 2026

Our read on AZTD

ETF.net Research

DMost developed-market small-cap funds hand you thousands of names. AZTD screens North America, Western Europe and Asia on six factors and keeps about 40. A boutique's high-conviction take on SMID, priced accordingly.

Stated mandate

The Fund passively tracks the Solactive Aztlan Global Developed Markets SMID Cap Index before fees and expenses.

Why people hold it

  1. 01Six factors (value, cash flow, capital structure, growth, EPS revisions, momentum) get equal say, and component selection is fully rule-based, not a manager's call.solactive.comsolactive.com
  2. 02Roughly 40 names spread across North America, Western Europe and Asia. Real conviction, not a closet copy of a thousand-stock global small-cap benchmark.solactive.com
  3. 03Health care is included but the pharmaceutical sub-sector is screened out, tilting the sleeve toward devices and services over drug-pipeline bets.solactive.com
  4. 04It tracks a published Solactive index, so the rulebook and each rebalance list are out in the open at the index sponsor.solactive.com

Worth knowing

  1. 010.75% a year runs above the median for its international equity peer group, and well above core options like AVDE (0.23%) and DFIC (0.22%).
  2. 02A small fund that trades thinly. Limit orders matter here, and spreads can be wider than on the category's mainstream names.
  3. 03About 40 stocks means single names move the fund far more than they would inside a broad developed-markets index.

AZTD Holdings

As of Sep 20, 2026, 9:32 AM
Asset class
Stocks
Holdings
45
Top-10 weight
24%
Largest holding
CLS.TO2.7%

Sectors

  • Financials21.6%
  • Consumer Discr.19.9%
  • Industrials19.0%
  • Technology14.4%
  • Health Care9.7%
  • Materials6.0%
  • Communication3.3%
  • Energy2.5%
  • Utilities1.9%
  • Cons. Staples1.6%

Geography

  • United States53.28%
  • Japan17.62%
  • United Kingdom5.99%
  • Italy4.12%
  • France3.98%
  • Canada3.71%
  • Germany3.34%
  • Netherlands2.22%
  • Other countries (3)5.76%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CLS.TOCelestica Inc2.71%6,592$826K102
0024680.TRound One Corp2.58%90,756$785K53
003ATH.TOAthabasca Oil Corp2.51%170,803$764K37
004STRLSterling Infrastructure Inc2.51%3,759$763K191
005IDR.MCIndra Sistemas SA2.42%17,540$735K93
006FIXComfort Systems USA Inc2.28%1,408$694K393
007RCIIUpbound Group Inc2.27%28,224$690K56
008WRT1V.HEWartsila OYJ Abp2.22%30,461$677K115
009PNDORA.COPandora A/S2.21%3,777$672K104
010PME.AXPro Medicus Ltd2.20%3,816$671K93
011NST.AXNorthern Star Resources Ltd2.20%45,664$669K116
012KCR.HEKonecranes Oyj2.18%8,379$663K64
013BLBDBlue Bird Corp2.16%16,107$657K112
014TOSTToast Inc2.15%15,727$653K201
015IVG.MIIveco Group NV2.14%35,390$652K49

Showing 1–15 of 52 holdings

AZTD Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AZTD$10,811
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AZTD $10,811. SPY $11,723. Use the arrow keys to read each point.$8,830$10,405$11,979Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AZTD. Periods over one year show the average yearly return.
PeriodAZTD
Year to date+9.1%
1 month−4.6%
3 months−5.2%
1 year+8.1%
3 years+17.2%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AZTD
YearReturn barAZTD
2026 YTD+9.1%
2025+25.4%
2024+6.9%
2023+10.3%
2022−1.5%

Since listing, Aug 18, 2022

AZTD in the news

ETF.net Research hasn’t filed on AZTD yet — coverage lands here as it’s written.

AZTD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.96%Last 12 months
Payout per share
$0.30Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.03; Dec 24, 2024 $0.43; Dec 24, 2025 $0.30. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.30
Dec 24, 2024Dec 27, 2024$0.43
Dec 26, 2023Dec 28, 2023$0.03

AZTD Risk

How much the fund’s monthly returns vary, scaled to a year.
15.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.75
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−16.8%
49 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AZTD Cost

Expense ratio0.75%
  • The middle half of International Small-Cap funds
  • Median 0.44%

12 of the 16 International Small-Cap funds charge less.

AZTD costs $75.00 a year on $10,000. The median International Small-Cap fund costs $44.00.