SMCP — AlphaMark Actively Managed Small Cap ETF
Data updated: 2024-11-27
SMCP — AlphaMark Actively Managed Small Cap ETF. United States Small Cap Growth Equity · $34.68M AUM. Holdings, fees, performance and SEC filings.
SMCP Fund Overview
SMCP — AlphaMark Actively Managed Small Cap ETF is a US ETF managed by ETF Series Solutions, categorised as United States Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: ETF Series Solutions
- Category: United States Small Cap Growth Equity
- Assets under management: $34.68M
- 1-year return: 33.0%
- Ticker: SMCP
- SEC CIK: 0001540305
- SEC series ID: S000049009
- Share class ID: C000154531
SMCP Investment Objective and Strategy
AlphaMark Actively Managed Small Cap ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Series Solutions.
Investment objective
The AlphaMark Actively Managed Small Cap ETF (the Fund) seeks long-term growth of capital.
Principal investment strategy
The Fund is actively managed and invests primarily in equity securities of small cap companies listed on a U.S. exchange and selected by AlphaMark Advisors, LLC, the Funds investment adviser (the Adviser). Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small cap companies listed on a U.S. exchange. The Fund defines small cap companies as companies with a total market capitalization of less than $5 billion at the time of purchase, although the Adviser expects to generally focus on companies with market capitalizations of between $150 million and $2 billion at the time of purchase. The Fund defines equity securities to include common and preferred stock, American Depositary Receipts (ADRs), real estate investment trusts (REITs), and exchange-traded funds (ETFs).
Investments in ETFs that, under normal circumstances, invest at least 80% of their net assets (plus any borrowings for investment purposes) in equity securities of small cap companies (Small Cap ETFs) will count toward the Funds 80% investment policy. The Fund may invest up to 30% of its net assets in foreign equity securities of small cap companies traded on a U.S. exchange as ADRs, which may include companies in emerging markets. The Adviser seeks to invest in companies with a proven history of consistent growth, sustainable earnings momentum and the ability to produce a reliable stream of cash flow during all economic cycles. The Adviser uses a bottom-up internal stock screening process designed to identify companies that produce reliable cash flow streams and are priced at a level that provides for growth opportunity.
An assessment of secular trends in the markets and the economy will exert some influence on the economic sector weightings of the Funds portfolio. The Advisers screening process narrows the small cap growth universe to approximately 150 stocks. These companies are then subjected to further fundamental analysis, including the following: Market return on equity Sufficiency of cash flow to cover capital spending Operating margin relative to price/sales Financial statement review, focusing on true equity value Enterprise value review and management review, including factors such as insider trading, stock option distribution and share buy backs. The Adviser expects that there will generally be between 25 and 40 stocks in the Funds portfolio. The portion of the Funds net assets invested at any given time in securities of issuers engaged in industries within a particular sector is affected by valuation considerations and other investment characteristics of that sector.
As a result, the Funds investment in various sectors may change significantly over time. The Fund may invest in Small Cap ETFs to gain market exposure while the Fund builds a position in one or more specific stocks. Additionally, the Fund may invest a significant portion or all of its assets in Small Cap ETFs during periods when the Adviser believes that the stocks identified by the Advisers analysis are likely to underperform the broader small cap market. The Adviser will sell a security from the Funds portfolio under one or more of the following circumstances: A material change in the companys structure or management; A material change in the industry or economic factors affecting that industry; A position has grown to an unacceptable weight; Earnings momentum has decreased from previous estimates; or The securitys price has become overvalued by 20% or more based on the Advisers proprietary cash flow models.
SMCP Holdings
Top 10 holdings of AlphaMark Actively Managed Small Cap ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Lumen Technologies Inc | 1.40% |
| Signet Jewelers Ltd | 1.30% |
| Sterling Infrastructure Inc | 1.26% |
| Corcept Therapeutics Inc | 1.24% |
| Clear Secure Inc | 1.16% |
| Knife River Corp | 1.13% |
| Texas Capital Bancshares Inc | 1.11% |
| M/I Homes Inc | 1.11% |
| Peabody Energy Corp | 1.08% |
| Academy Sports & Outdoors Inc | 1.08% |
SMCP Portfolio Allocation
Asset-class allocation of AlphaMark Actively Managed Small Cap ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 0.7% |
SMCP Performance
Total returns for SMCP (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 33.0% |
| 3 years (annualised) | 3.5% |
SMCP Risk Information
Risk metrics for SMCP, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.9%
SMCP Costs and Fees
SMCP costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 0.90%
- Portfolio turnover: 178%
- Brokerage commissions: 0.72 bps of average net assets (SEC N-CEN)
SMCP Cashflows
Over the 12 months to 2024-09, AlphaMark Actively Managed Small Cap ETF had net inflows of $1.38M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | $0 |
| 2024-08 | $68.64K |
| 2024-07 | $0 |
| 2024-06 | $0 |
| 2024-05 | −$159.63K |
| 2024-04 | $0 |
SMCP Debt Constituents
No individual debt constituents are reported in AlphaMark Actively Managed Small Cap ETF's latest SEC N-PORT filing.
SMCP Prospectus and SEC Filings
Official AlphaMark Actively Managed Small Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-25
- Prospectus (485BPOS) — filed 2023-07-25
- Prospectus supplement (497) — filed 2023-07-14
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-22
- Portfolio holdings (N-PORT) — filed 2024-05-30
- Annual census (N-CEN) — filed 2024-06-12
- Annual census (N-CEN) — filed 2023-06-09
Related Funds
Other United States Small Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.