SMDC — Nomura Small and Mid Cap ETF

SMDC Fund Overview

SMDC — Nomura Small and Mid Cap ETF is a US ETF managed by Voyageur Insured Funds, categorised as Mid 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: Voyageur Insured Funds
• Category: Mid Cap Growth Equity
• Ticker: SMDC
• SEC CIK: 0000809064
• SEC series ID: S000106381
• Share class ID: C000277239

SMDC Investment Objective and Strategy

Nomura Small and Mid Cap ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Voyageur Insured Funds.

Investment objective

Nomura Small and Mid Cap ETF seeks to provide capital appreciation.

Principal investment strategy

The Fund is an actively managed ETF that seeks to achieve its objective by investing primarily in various types of equity securities of small- and mid-capitalization companies that the Manager believes have the greatest potential for capital appreciation. Under normal circumstances, at least 80% of the value of the Fund’s net assets, plus the amount of any borrowings for investment purposes, will be invested, at the time of purchase, in common stocks of small- and mid-capitalization companies (80% policy). For purposes of the Fund’s 80% policy, small-capitalization companies typically are companies with market capitalizations similar to those of issuers included in the Russell 2500 TM Index at the time of purchase and mid-capitalization companies are those within the market capitalization range of the Russell Midcap ® Index at the time of purchase.

As of June 30, 2026, the range of market capitalizations for the Russell 2500 Index was between approximately $45 million and $30.6 billion, and the range of market capitalizations for the Russell Midcap Index was between approximately $717 million and $92.6 billion. The Manager researches individual companies and analyzes economic and market conditions, seeking to identify the securities or market sectors that it believes are the best investments for the Fund. The following are descriptions of how the portfolio management team pursues the Fund’s investment objective. The Manager strives to identify stocks of small- and mid-capitalization companies that it believes offer above-average opportunities for long-term price appreciation based on: (1) attractive valuations, (2) growth prospects, and (3) strong cash flow.

The Fund employs bottom-up (stock-by-stock) security selection utilizing quantitative screens, fundamental research, and risk control to evaluate stocks based on both growth and value characteristics. The Manager typically uses a quantitative screen that ranks the attractiveness of an investment based on a combi

SMDC Costs and Fees

SMDC costs about $59 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.59%
• Gross expense ratio: 0.70%

SMDC Debt Constituents

No individual debt constituents are reported in Nomura Small and Mid Cap ETF's latest SEC N-PORT filing.

SMDC Prospectus and SEC Filings

Official Nomura Small and Mid Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-07-13

Related Funds

Other Mid Cap Growth Equity funds tracked on ABC INVEST:

• Harbor AlphaEdge Mid Cap Growth ETF (AEMG)
• TimesSquare Quality Small-Mid Cap Growth ETF (TSCQ)

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.