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SMDX

GradeBNew York Stock Exchange Arca

Intech S&P Small-Mid Cap Diversified Alpha ETF

Active Equity · Intech ETFs · Inception 2025-02-28

$25.92+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Feb 28, 2025.
Intraday session: up, 6 prints from 25.77 to 25.92. Range 25.77 to 25.92. Use the arrow keys to read each point.$25.80$25.85Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.35%
Fund size
$127M
1Y return
+14.5%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$25.85
52W range
low $21.42high $27.71

The ETF.net SMDX Grade

B

65/ 100

Rank 9 of 48 in US Active Small/Mid-Cap⁠

Confidence High

Six-pillar profile for SMDX. Scores out of 100: Cost 83, Risk 60, Mission 100, Tradability 25, Holdings 87, Durability 55. Strongest: Mission (100). Weakest: Tradability (25). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 of 100 sits in the B 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.
    AScore 83
    Category rank10/48 · top 21%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank1/11 · top 9%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank17/44 · top 39%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 25
    Category rank42/48 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 87
    Category rank5/48 · top 10%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank22/48 · top 46%

Graded as of Sep 22, 2026

Our read on SMDX

ETF.net Research

BActive small- and mid-cap investing at close to index-fund pricing: SMDX works off the S&P 1000 for about half the fee of the typical active US equity ETF. It launched in 2025, so the live record is still short.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 010.35% a year against a 0.65% median for active US equity ETFs: roughly half the usual toll for an actively managed sleeve.
  2. 02The reference point is the S&P 1000, so the hunting ground is small and mid caps rather than the large-cap names most US core funds already hand you.
  3. 03Lands in the upper half of a crowded active US equity peer group, with cost doing much of the heavy lifting.

Worth knowing

  1. 01Thinly traded. Bid-ask spreads can cost more than the expense ratio on a given trade, especially in size.
  2. 02Launched in February 2025. Risk readings rest on about a year of live data, which is thin ground for judging an active strategy.
  3. 03JMEE, the other ETF built around the same S&P 1000 benchmark, charges 0.24%, so cheaper access to this slice exists.

SMDX Holdings

As of Sep 21, 2026, 3:57 AM
Asset class
Stocks
Holdings
—
Top-10 weight
9%
Largest holding
JLL1.2%

Geography

  • United States96.14%
  • United Kingdom1.46%
  • Bermuda1.21%
  • Ireland0.52%
  • Cayman Islands0.19%
  • Sweden0.16%
  • Switzerland0.13%
  • Singapore0.11%
  • Other countries (1)0.08%
The fund’s holdings, weight-ordered — page 1 of 38.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001JLLJones Lang LaSalle Inc1.18%4,442$1M185
002DINOHF Sinclair Corp1.02%11,070$1M232
003UTHRUnited Therapeutics Corp1.00%2,537$1M271
004THCTenet Healthcare Corp0.96%4,627$1M216
005EWBCEast West Bancorp Inc0.95%9,592$1M192
006EXELExelixis Inc0.83%18,067$1M247
007XPOXPO Inc0.79%5,669$994K204
008LAMRLamar Advertising Co0.78%6,758$992K166
009NVTnVent Electric PLC0.78%6,487$982K252
010WWDWoodward Inc0.76%3,000$959K199
011AMGAffiliated Managers Group Inc0.74%2,652$934K164
012OHIOmega Healthcare Investors Inc0.72%19,286$914K175
013CWCurtiss-Wright Corp0.72%1,606$911K221
014YETIYETI Holdings Inc0.71%21,907$903K145
015VLYValley National Bancorp0.70%64,541$882K150

Showing 1–15 of 558 holdings

SMDX Performance

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

SMDX$11,451
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. SMDX $11,451. SPY $11,723. Use the arrow keys to read each point.$9,185$10,827$12,468Sep 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 SMDX. Periods over one year show the average yearly return.
PeriodSMDX
Year to date+13.4%
1 month−3.7%
3 months−2.6%
1 year+14.5%
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 SMDX
YearReturn barSMDX
2026 YTD+13.4%
2025+14.2%

Since listing, Feb 28, 2025

SMDX in the news

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

SMDX 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.14. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.14

SMDX Risk

How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 18 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.
1.21
vs 3-month T-bills · 18 months 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.
−14.5%
18 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.
0.68
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.

SMDX Cost

Expense ratio0.35%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

7 of the 47 US Active Small/Mid-Cap funds charge less.

SMDX costs $35.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.