Themes US Small Cap Cash Flow Champions ETF
$38.77−0.18 (−0.47%)
History starts Dec 13, 2023.
- Expense ratio
- 0.29%
- Fund size
- $4M
- 1Y return
- +19.7%
- Yield · Last 12 months
- 3.30%
- Holdings
- 75
- Volume · 30D
- 0M sh
- NAV per share
- $38.91
- 52W range
The ETF.net SMCF Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
The pillars earned49This cap took−9Published score40
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 60Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 63Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 19Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 16Category rank
Our read on SMCF
CMost quality ETFs buy big, profitable megacaps. SMCF runs the cash flow test down in small caps: no history of positive free cash flow yield, no entry, then rank on next year's estimate and hold the top 75.
The fund seeks to track the Solactive US Small Cap Cash Flow Champions Index, which selects the top 75 small-capitalization companies with the highest three years of positive cash flow yield.
Why people hold it
- One hard screen: free cash flow divided by enterprise value. Years of positive cash flow yield are required just to be eligible, so cash burners never reach the ranking.sec.gov
- Ranks on next year's estimated cash flow yield rather than a trailing snapshot, and a buffer rule keeps existing names in while they stay in the top 200 to limit index turnover.sec.gov
- The hunting ground is the bottom 15% of US market cap, so this stays a small-cap sleeve instead of quietly drifting up into the familiar large-cap quality names.sec.gov
- 0.29% is mid-pack for US quality-factor funds, and holdings are free-float market cap weighted, not equal weighted into the thinnest corners of small cap.sec.gov
Worth knowing
- That mid-pack fee still loses to the large-cap quality giants: JQUA charges 0.12%, QUAL and FQAL 0.15%. You pay up for the small-cap version of the idea.
- Small asset base and thin trading, so spreads run wider than the category's heavyweights and there is less scale behind the fund.
- Non-diversified, and a cash-flow-yield ranking clusters wherever cash flow is cheapest, so the sector mix can lean heavily in one direction between rebalances.sec.gov
SMCF Holdings
- Stocks
- 75
- 36%
- DINO
Sectors
- Financials55.1%
- Industrials10.7%
- Technology9.6%
- Energy9.2%
- Health Care7.7%
- Consumer Discr.3.2%
- Materials2.1%
- Cons. Staples1.1%
- Communication1.0%
- Real Estate0.5%
Geography
- United States85.35%
- Bermuda6.98%
- Ireland2.30%
- Puerto Rico2.08%
- Monaco1.52%
- United Kingdom1.08%
- United Arab Emirates0.64%
- Israel0.05%
SMCF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SMCF$11,971
Returns run to the Sep 21, 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 | SMCF |
|---|---|
| Year to date | +18.4% |
| 1 month | −3.1% |
| 3 months | +2.7% |
| 1 year | +19.7% |
| 3 years | — |
| 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 | SMCF |
|---|---|---|
| 2026 YTD | +18.4% | |
| 2025 | +9.5% | |
| 2024 | +16.3% | |
| 2023 | +4.5% |
SMCF in the news
SMCF Dividends
- 3.30%
- $1.28
- $1.28 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Dec 19, 2025 | $1.28 |
| Dec 24, 2024 | Dec 26, 2024 | $0.19 |
SMCF Risk
- 17.9%
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.
- 0.76
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.
- −28.5%
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.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMCF Cost
0.29%
SMCF0.29%
- The middle half of US Quality Index funds
- Median 0.38%
10 of the 27 US Quality Index funds charge less.