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SSCP

GradeDNew York Stock Exchange Arca

SMART Small Cap ETF

Active Equity · Smart · Inception 2026-05-12

$25.92−0.37 (−1.40%)

As of Sep 23, 2026, 2:17 PM EDT

History starts May 12, 2026.History starts May 12, 2026.History starts May 12, 2026.
Intraday session: down, 8 prints from 26.29 to 25.92. Range 25.89 to 26.29. Use the arrow keys to read each point.$26.00$26.10$26.20$26.3010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$10M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$26.36
52W range
low $23.82high $27.11

The ETF.net SSCP Grade

D

36/ 100

Rank 28 of 41 in US Active Small-Cap⁠

Confidence Medium

Six-pillar profile for SSCP. Scores out of 100: Cost 23, Risk 69, Mission not scored, Tradability 41, Holdings 29, Durability 29. Strongest: Risk (69). Weakest: Cost (23). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

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 23
    Category rank34/41 · bottom quartile

  • 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 69
    Category rank5/37 · top 14%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 41
    Category rank26/41 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 29
    Category rank38/41 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 29
    Category rank35/41 · bottom quartile

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

Our read on SSCP

ETF.net Research

DA 2026-vintage active small-cap fund with an unusually wide passport: it can own U.S. and international small caps, as long as the shares list on a U.S. exchange. Stock picking with a growth lean, not index ownership.

Stated mandate

The fund is actively managed and invests primarily in equity securities of U.S. and international small-capitalization companies whose shares are listed on U.S. exchanges.

Why people hold it

  1. 01Active by design: a sub-adviser runs a growth-oriented selection process instead of buying the small-cap index wholesale.
  2. 02The passport is wide. U.S. and international small caps both qualify, provided the shares list on a U.S. exchange, so foreign names arrive without offshore settlement.
  3. 03Plain plumbing: a registered 1940 Act ETF whose mandate centers on equity securities, not swaps or notes.

Worth knowing

  1. 01The fee is 0.79% a year, above the median for active small-cap ETFs. Systematic peers such as AVSC (0.25%) and DFSV (0.30%) charge a fraction of that.
  2. 02It launched in 2026 and starts from a small asset base, so the record is short and trading can be light. Check the spread before placing an order.
  3. 03No declared index sits behind it, so outcomes ride on the sub-adviser's picks rather than a published rules-based recipe.

SSCP Holdings

As of Sep 22, 2026, 10:45 PM
Asset class
Stocks
Holdings
—
Top-10 weight
46%
Largest holding
OOMA5.1%

Geography

  • United States87.67%
  • Bermuda12.33%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001OOMAOoma Inc5.12%22,356$513K63
002HSHPHimalaya Shipping Ltd5.02%26,686$503K22
003LPGDorian LPG Ltd4.86%8,598$487K125
004PAYSPaysign Inc4.72%37,439$473K61
005KALUKaiser Aluminum Corp4.70%3,119$471K146
006SWBISmith & Wesson Brands Inc4.67%33,908$468K74
007PANLPANGAEA LOGISTICS SOLUTIONS LT4.35%51,112$435K56
008NATNordic American Tankers Ltd4.26%53,281$426K37
009NWPXNWPX Infrastructure Inc4.24%4,146$425K95
010MAMAMama's Creations Inc4.23%31,355$423K53
011ATEXAnterix Inc4.03%4,830$404K70
012GOLDGold.com Inc3.76%8,603$377K79
013PKEPark Aerospace Corp3.57%11,789$357K74
014VOXRVox Royalty Corp3.30%59,064$331K11
015RNGRRanger Energy Services Inc3.12%19,961$313K62

Showing 1–15 of 33 holdings

SSCP Performance

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

SSCP$10,269
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. SSCP $10,269. SPY $10,415. Use the arrow keys to read each point.$9,735$10,156$10,578Jun 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 SSCP. Periods over one year show the average yearly return.
PeriodSSCP
Year to dateFund launched this year—
1 month−1.8%
3 months+2.7%
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 SSCP
YearReturn barSSCP
2026 YTD+5.8%

Since listing, May 12, 2026

SSCP in the news

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

SSCP 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.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

SSCP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 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 May 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 May 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.
−0.07
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.

SSCP Cost

Expense ratio0.79%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

28 of the 39 US Active Small-Cap funds charge less.

SSCP costs $79.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.