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CSMD

GradeCNew York Stock Exchange Arca

Congress SMID Growth ETF

Active Equity · Congress · Inception 2023-08-20

$34.12−0.12 (−0.35%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Aug 21, 2023.
Intraday session: down, 57 prints from 34.24 to 34.12. Range 33.99 to 34.27. Use the arrow keys to read each point.$34.00$34.20$34.3010 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$472M
1Y return
+1.2%
Yield · Last 12 months
0.00%
Volume · 30D
0M sh
NAV per share
$33.87
52W range
low $29.53high $37.04

The ETF.net CSMD Grade

C

48/ 100

Rank 21 of 41 in US Active Small-Cap⁠

Confidence Medium

Six-pillar profile for CSMD. Scores out of 100: Cost 45, Risk 30, Mission not scored, Tradability 80, Holdings 34, Durability 60. Strongest: Tradability (80). Weakest: Risk (30). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 of 100 sits in the C 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.
    CScore 45
    Category rank23/41 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 30
    Category rank32/37 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank6/41 · top 15%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank34/41 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank18/41 · top 44%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CSMD

ETF.net Research

CA stock picker in a corner of the market dominated by rules-based funds. Congress hunts growth across the small-and-mid-cap band instead of one style box, and charges above the category median for a human team's judgment.

Stated mandate

The fund seeks long-term capital appreciation.

Why people hold it

  1. 01Simple mandate, wide net: long-term capital appreciation, with a SMID remit that lets the managers own smaller and mid-sized names instead of being boxed into one size band.
  2. 02Trading is the smoothest part of the package. It changes hands often enough that ordinary retail-sized orders aren't wrestling a thin market.
  3. 03Not a just-launched experiment: live since 2023, with real assets behind it rather than a rounding error, run by Congress Asset Management.

Worth knowing

  1. 01Cost is the trade-off. At 0.68% a year it sits above the typical fund in its category, while systematic rivals like AVUV run 0.25% and DUHP 0.20%.
  2. 02No index rulebook to check it against. This is a discretionary portfolio in a slice of the market that swings harder than large caps.
  3. 03Built for growth, not a paycheck: the stated goal is capital appreciation, and the fund has not been running a regular distribution.

CSMD Holdings

As of Sep 20, 2026, 9:25 AM
Asset class
Stocks
Holdings
—
Top-10 weight
32%
Largest holding
HALO4.0%

Sectors

  • Health Care24.9%
  • Technology23.9%
  • Industrials19.6%
  • Cons. Staples8.0%
  • Financials6.9%
  • Consumer Discr.6.3%
  • Materials4.5%
  • Energy4.2%
  • Real Estate1.6%

Geography

  • United States93.23%
  • United Kingdom3.62%
  • Ireland2.12%
  • Cayman Islands1.04%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001HALOHalozyme Therapeutics Inc4.02%166,512$19M200
002RBRKRubrik Inc3.93%171,642$18M142
003RGENRepligen Corp3.58%94,430$17M150
004VMIValmont Industries Inc3.50%34,432$16M177
005MEDPMedpace Holdings Inc3.03%23,042$14M205
006UFPTUFP Technologies Inc2.93%49,311$14M103
007CRSCarpenter Technology Corp2.81%32,133$13M235
008IOTSamsara Inc2.79%328,578$13M178
009NVTnVent Electric PLC2.72%80,487$13M252
010BJBJ's Wholesale Club Holdings Inc2.71%137,111$13M154
011RMBSRambus Inc2.68%142,787$13M178
012LGNDLigand Pharmaceuticals Inc2.66%43,810$12M133
013AFRMAffirm Holdings Inc2.54%166,020$12M169
014ENTGEntegris Inc2.52%82,528$12M212
015ELFelf Beauty Inc2.43%117,373$11M127

Showing 1–15 of 48 holdings

CSMD Performance

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

CSMD$10,118
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. CSMD $10,118. SPY $11,723. Use the arrow keys to read each point.$8,531$10,266$12,001Sep 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 CSMD. Periods over one year show the average yearly return.
PeriodCSMD
Year to date+8.3%
1 month−2.9%
3 months−4.2%
1 year+1.2%
3 years+12.3%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 CSMD
YearReturn barCSMD
2026 YTD+8.3%
2025+5.7%
2024+12.3%
2023+6.6%

History from Aug 21, 2023

CSMD in the news

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

CSMD 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.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2024

One bar per payment. 2 payments from 2023 to 2024. Dec 11, 2023 $0.0057; Dec 12, 2024 $0.00017. Use the arrow keys to read each point.20232024
Ex-datePay dateAmount per share
Dec 12, 2024Dec 13, 2024$0.00017
Dec 11, 2023Dec 13, 2023$0.0057

CSMD Risk

How much the fund’s monthly returns vary, scaled to a year.
18.7%
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.
0.34
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.
−22.6%
37 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.
1.16
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.

CSMD Cost

Expense ratio0.68%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

22 of the 39 US Active Small-Cap funds charge less.

CSMD costs $68.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.