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EMSC

GradeFNASDAQ Global Market

Sophus Capital Emerging Market Small Cap ETF

Broad Stock Market · Sophus Capital · Inception 2026-05-20

$24.96+0.03 (+0.12%)

As of Sep 23, 2026, 2:37 PM EDT

History starts May 20, 2026.History starts May 20, 2026.History starts May 20, 2026.
Intraday session: up, 9 prints from 24.93 to 24.96. Range 24.96 to 25.08. Use the arrow keys to read each point.$25.00$25.0510 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$15M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$25.08
52W range
low $23.38high $27.39

The ETF.net EMSC Grade

F

23/ 100

Rank 21 of 22 in Emerging Markets Stocks⁠

Confidence Medium

Six-pillar profile for EMSC. Scores out of 100: Cost 5, Risk 37, Mission not scored, Tradability 48, Holdings not scored, Durability 25. Strongest: Tradability (48). Weakest: Cost (5). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 23 of 100 sits in the F 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 5
    Category rank21/22 · bottom quartile

  • 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 37
    Category rank18/22 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank13/22 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 25
    Category rank20/22 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on EMSC

ETF.net Research

FEmerging markets, but down-market. EMSC keeps at least 80% of assets in emerging-market small caps, ranked by a quant model and then vetted by analysts. Actively managed, launched in 2026, priced like the specialist product it is.

Stated mandate

The Fund seeks long-term capital appreciation by investing in small-capitalization emerging-market companies selected for sustainable earnings growth and attractive valuations.

Why people hold it

  1. 01A clean small-cap mandate: at least 80% of net assets in emerging-market small caps, with "small" pegged to the market-cap range of the MSCI EM Small Cap Index. No quiet drift into familiar mega-caps.etfarchitect.com
  2. 02Two-step process, not a black box: the Sophus Capital Emerging Markets Alpha Model scores roughly 4,500 small caps on earnings growth, valuation and surprise potential; the top quintile gets fundamental analysis.etfarchitect.com
  3. 03Growth and value in one screen, aimed at a thinly covered corner. The sub-adviser (Consilium Investment Management, dba Sophus Capital) says it targets the research and access gaps common in EM small caps.etfarchitect.com

Worth knowing

  1. 01Active pricing: a 0.85% management fee sits at the top of the emerging-market ETF range, while index peers in the group such as VEXC and XCEM charge a small fraction of that.nasdaq.com
  2. 02It launched in 2026, so there is little track record to judge, and the fund is small and lightly traded. That combination can mean wider bid-ask spreads than the giant index names in the category.
  3. 03Built for capital appreciation, not income, and registered as non-diversified, which allows larger positions in individual names than a diversified fund.etfarchitect.com

EMSC Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
Cash & Other43.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash & Other43.67%6,454,909$6M674
002—INDIAN RUPEE42.72%605,296,117$6M55
003—CHILEAN PESO3.79%537,361,676$560K29
004—First American Government Obligations Fund 12/01/20313.11%460,824$460K625
005—INDONESIAN RUPIAH3.11%8,177,356,924$460K34
006—NEW TAIWAN DOLLAR2.51%11,619,944$370K51
007—COLOMBIAN PESO0.88%405,718,120$130K22
0086691.TWYankey Engineering Co Ltd0.20%1,324$30K37

Showing 1–8 of 8 holdings

EMSC Performance

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

EMSC$9,329
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. EMSC $9,329. SPY $10,415. Use the arrow keys to read each point.$8,631$9,608$10,585Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 EMSC. Periods over one year show the average yearly return.
PeriodEMSC
Year to dateFund launched this year—
1 month−1.0%
3 months−6.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—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 EMSC
YearReturn barEMSC
2026 YTD−0.1%

Since listing, May 20, 2026

EMSC in the news

EMSC 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.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

EMSC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.
—
Launched May 2026; fills in after 12 months
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.
—
Launched May 2026; fills in after 12 months
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.
1.93
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.

EMSC Cost

Expense ratio0.85%
  • The middle half of Emerging Markets Stocks funds
  • Median 0.56%

19 of the 21 Emerging Markets Stocks funds charge less.

EMSC costs $85.00 a year on $10,000. The median Emerging Markets Stocks fund costs $56.00.