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SMRF

GradeBNew York Stock Exchange Arca

ALPS ETF Trust - ALPS Nautilus SMR, Nuclear & Technology ETF

Themes · ALPS Funds · Inception 2026-02-18 · SEC filings

$23.85−0.54 (−2.20%)

As of Sep 23, 2026, 2:06 PM EDT

History starts Feb 19, 2026.History starts Feb 19, 2026.
Intraday session: down, 12 prints from 24.39 to 23.85. Range 23.84 to 24.26. Use the arrow keys to read each point.$23.80$24.00$24.2010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$16M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
72
Volume · 30D
0M sh
NAV per share
$24.06
52W range
low $21.59high $30.71

The ETF.net SMRF Grade

B

65/ 100

Rank 2 of 9 in Uranium & Nuclear⁠

Confidence Medium

Six-pillar profile for SMRF. Scores out of 100: Cost 78, Risk 57, Mission not scored, Tradability 47, Holdings 80, Durability 45. Strongest: Holdings (80). Weakest: Durability (45). Based on 5 of 6 pillars.
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 78
    Category rank2/9 · top 22%

  • 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.
    BScore 57
    Category rank4/9 · top 44%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank5/9 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 80
    Category rank1/9 · top 11%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank7/9 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SMRF

ETF.net Research

BNuclear power meets option-writing. SMRF actively holds about 70 global small-modular-reactor, nuclear and related tech names, then buys and writes options on top to pull income from a famously jumpy theme.

Stated mandate

The Fund seeks capital appreciation and income through an actively managed portfolio of equity securities significantly tied to the Nautilus SMR, Nuclear & Technology Index, together with bought and written options.

Why people hold it

  1. 01Charges 0.65% a year, under the median for its options-income peer group and below names like HYGW (0.69%) and SVOL (0.66%).
  2. 02One wrapper, two jobs: the fund seeks capital appreciation and income, pairing the stock sleeve with bought and written options.
  3. 03Actively managed around the Nautilus SMR, Nuclear & Technology Index rather than bolted to it, so the manager sets the option book.
  4. 04Spreads across roughly 70 global holdings instead of a handful of pure-play reactor startups, and the income policy targets a relatively stable payout level.

Worth knowing

  1. 01Written calls trade away part of a big rally for premium today. In a runaway nuclear melt-up, the option book is the brake.
  2. 02Launched in 2026 with a small asset base and thin trading, so spreads can run wider than in the giants of the category.
  3. 03A single-theme portfolio tied to reactors, uranium and power-hungry tech moves on policy and project news, and swings harder than a broad index.

SMRF Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Stocks
Holdings
72
Top-10 weight
42%
Largest holding
1816.HK5.2%

Sectors

  • Energy39.3%
  • Technology22.4%
  • Industrials19.8%
  • Utilities16.8%
  • Communication1.6%
  • Materials0.2%

Geography

  • United States58.85%
  • Canada13.14%
  • Australia6.42%
  • China6.04%
  • Kazakhstan4.77%
  • United Kingdom2.64%
  • Jersey2.19%
  • Netherlands1.65%
  • Other countries (5)4.30%

Developed 65% · Emerging 35% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0011816.HKCGN Power Co. Ltd.5.24%2,194,000$832K70
002NXENexGen Energy Ltd.4.75%80,701$755K8
003UECUranium Energy Corp.4.65%75,305$739K93
004CCJCameco Corp.4.61%7,993$732K49
005KAP.ILNAC Kazatomprom JSC4.50%11,041$714K12
006GEVGE Vernova Inc.4.04%682$641K473
007BWXTBWX Technologies Inc.3.80%4,087$603K200
008OKLOOklo Inc.3.71%15,529$590K87
009PDN.AXPaladin Energy Ltd.3.53%80,157$562K49
010UUUUEnergy Fuels Inc.3.28%44,546$521K35
011SMRNuScale Power Corp.3.17%60,925$504K79
012LEUCentrus Energy Corp.3.14%3,437$499K105
013XEX-Energy Inc.3.01%30,308$478K58
014DNNDenison Mines Corp.2.94%163,475$468K10
015RR.LRolls-Royce Holdings PLC2.48%20,290$394K148

Showing 1–15 of 74 holdings

SMRF Performance

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

SMRF$8,715
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. SMRF $8,715. SPY $10,415. Use the arrow keys to read each point.$7,474$9,072$10,670Jun 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 SMRF. Periods over one year show the average yearly return.
PeriodSMRF
Year to dateFund launched this year—
1 month−4.0%
3 months−12.9%
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 SMRF
YearReturn barSMRF
2026 YTD−5.3%

History from Feb 19, 2026

SMRF in the news

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

SMRF 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
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. May 21, 2026 $0.03; Jun 18, 2026 $0.05; Jul 16, 2026 $0.07; Aug 20, 2026 $0.07; Sep 17, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 17, 2026Sep 22, 2026$0.07
Aug 20, 2026Aug 25, 2026$0.07
Jul 16, 2026Jul 21, 2026$0.07
Jun 18, 2026Jun 24, 2026$0.05
May 21, 2026May 27, 2026$0.03

SMRF Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 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 Feb 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 Feb 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.
1.92
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.

SMRF Cost

Expense ratio0.65%
  • The middle half of Uranium & Nuclear funds
  • Median 0.75%

1 of the 9 Uranium & Nuclear funds charge less.

SMRF costs $65.00 a year on $10,000. The median Uranium & Nuclear fund costs $75.00.