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Launched · SEC filings

Hilton Small-MidCap Opportunity ETF

SMCONasdaqHiltonB

$28.68+0.19 (+0.68%)

As of Nov 4, 2026, 1:10 PM ET

B55/ 100

Rank 18 of 47 in US Active Small/Mid-Cap

B55/100Rank 18 of 47inUS Active Small/Mid-Cap
Intraday session: up, 43 prints from 28.48 to 28.68. Range 28.45 to 28.68. Use the arrow keys to read each point.28.4528.5528.6010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$147M
1Y total return
+6.9%
Yield · Last 12 months
0.95%
Holdings
63
Avg volume · 30D
19.7K sh
52W range
low $25.45high $31.17
Launched
Filings
SEC EDGAR

The ETF.net SMCO Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
18 of 47
Six-pillar profile for SMCO. Scores out of 100: Cost 54, Risk 43, Mission not scored, Tradability 75, Holdings 49, Durability 49. Strongest: Tradability (75). Weakest: Risk (43). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C54 out of 100
    Rank 20 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 28 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 6 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C49 out of 100
    Rank 29 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 26 of 47

Our read on SMCO

ETF.net Research

In short

BAn active small- and mid-cap stock picker in a peer group stuffed with cheap large-cap core index funds. Hilton's sub-adviser runs a proprietary US small/mid process built for long-term capital appreciation, priced under the typical active US equity fund.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • Charges 0.55% a year, below the 0.65% median for active US equity funds. Not index-fund cheap, but light for a discretionary stock-picking mandate.
  • Hunts US small and mid caps, the ground the cohort's top-scoring giants (DFAU, FELC, DFAC) mostly skip with their large-cap core books.
  • The portfolio itself is the strongest part of the package: a diversified US equity book with no structural quirks in the wrapper, and it lands in the upper half of its peer group.

Worth knowing

  • Thinly traded. Spreads can run wider than in the category's mega-funds, so order size and timing matter more here than with a household-name index ETF.
  • Launched in late 2023, so the record is short and covers one stretch of market weather.
  • Small and mid caps swing harder than large caps, and there is no published index to measure the manager against. Outcomes ride on the sub-adviser's process.

SMCO Performance

Launched Nov 29, 2023

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

Not enough history yet.Not enough history yet.Not enough history yet.
SMCO$10,693
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. SMCO $10,693. SPY $11,158. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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 SMCO. Periods over one year show the average yearly return.
PeriodSMCO
Year to date+6.3%
1 month+1.9%
3 months−5.5%
1 year+6.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 SMCO
YearReturn barSMCO
2026 YTD+6.3%
2025+6.4%
2024+17.8%
2023+7.8%

Since listing, Nov 29, 2023

SMCO in the news

SMCO 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 Nov 3, 2026.
0.95%Last 12 months
Payout per share
$0.27Last 12 months
Last payment
$0.27 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 27, 2023 $0.01; Dec 17, 2024 $0.12; Dec 30, 2025 $0.27. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.27
Dec 17, 2024Dec 18, 2024$0.12
Dec 27, 2023Dec 29, 2023$0.01

$10,000 in SMCO 1 year ago paid $101 in dividends.

SMCO Risk

Risk pillarC43 out of 100Rank 28 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
16.1%
Annualised · 35 months to Oct 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.
0.54
vs 3-month T-bills · 35 months to Oct 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.
−22.7%
35 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.
1.14
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.

FMP measures it over up to five years of monthly returns.

SMCO Cost

Compare SMCO and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$7,155

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SMCO 0.55%

    $10,904

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • SMCO 0.55%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530SMCO $10,904AVMC $3,749

Year by year

YearSMCOAVMCOverpaying
10$988$328$660
20$3,790$1,281$2,509
30$10,904$3,749$7,155

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