McElhenny Sheffield Managed Risk ETF
$34.58−0.39 (−1.12%)
- Expense ratio
- 1.06%
- Fund size
- $182M
- 1Y return
- +5.5%
- Yield · Last 12 months
- 1.83%
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $34.73
- 52W range
The ETF.net MSMR Grade
Score 36 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 14Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 19Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on MSMR
DAn active US equity fund with one job in two parts: follow momentum across sectors, and try to cushion the downside. You pay a premium price for that tactical steering, in a small and lightly traded package.
The Fund seeks capital appreciation while managing downside risk.
Why people hold it
- The mandate is stated plainly: capital appreciation while managing downside risk, driven by a momentum-based sector rotation screen rather than stock-by-stock hunches.
- Sector rotation is a named, advertised part of the strategy, so the lever being pulled is disclosed up front instead of left to guesswork.
- Trading since November 2021, so there is a multi-year live record to judge rather than a backtest, and it distributes on a quarterly schedule.
- A 1940 Act fund holding US equities: familiar plumbing, no commodity pools, notes, or swaps-based wrappers to decode.
Worth knowing
- The steering costs: 0.99% a year, above the typical active US equity fund and many times what broad core peers like DFAU (0.12%) or FELC (0.18%) charge.
- Small and thinly traded, so spreads can be wider and sizable orders can move the price. Execution matters more here than in a mega-cap index fund.
- Portfolio disclosure lags: current holdings are not consistently refreshed in public data, so checking exactly what the fund owns at any moment takes extra digging.
MSMR Holdings
- Other
- 6
- 100%
- QQQ
Sectors
- Health Care36.3%
- Technology28.1%
- Consumer Discr.7.3%
- Communication6.0%
- Financials6.0%
- Industrials5.8%
- Cons. Staples3.3%
- Energy2.2%
- Real Estate2.0%
- Materials1.7%
- Utilities1.3%
Geography
- United States100.00%
MSMR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | MSMR |
|---|---|
| Year to date | +1.7% |
| 1 month | +0.0% |
| 3 months | −1.0% |
| 1 year | +5.5% |
| 3 years | +15.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MSMR |
|---|---|---|
| 2026 YTD | +1.7% | |
| 2025 | +17.1% | |
| 2024 | +21.6% | |
| 2023 | +18.7% | |
| 2022 | −11.9% | |
| 2021 | −1.1% |
MSMR in the news
ETF.net Research hasn’t filed on MSMR yet — coverage lands here as it’s written.
MSMR Dividends
- 1.83%
- $0.64
- $0.19 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.19 |
| Mar 30, 2026 | Mar 31, 2026 | $0.26 |
| Dec 30, 2025 | Dec 31, 2025 | $0.12 |
| Sep 29, 2025 | Sep 30, 2025 | $0.07 |
| Jun 27, 2025 | Jun 30, 2025 | $0.23 |
| Mar 28, 2025 | Mar 31, 2025 | $0.11 |
| Dec 30, 2024 | Dec 31, 2024 | $0.55 |
| Sep 27, 2024 | Sep 30, 2024 | $0.06 |
| Jun 27, 2024 | Jun 28, 2024 | $0.06 |
| Mar 26, 2024 | Mar 28, 2024 | $0.01 |
| Dec 27, 2023 | Dec 29, 2023 | $0.11 |
| Mar 29, 2023 | Mar 31, 2023 | $0.10 |
MSMR Risk
- 10.2%
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.
- 0.86
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.
- −14.9%
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.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MSMR Cost
- The middle half of US Active Equity funds
- Median 0.70%
104 of the 124 US Active Equity funds charge less.