A Focus On Consistent And Sustainable Returns

The Zacks Small/Mid Cap Core Portfolio (SMIZ) ETF represents the combination of our Small and Mid Cap separately managed accounts (SMAs), drawing upon over a decade of comprehensive research and analysis.

Utilizing the Zacks Proprietary Multi-factor Alpha Model, our portfolio management team identifies a selection of the most liquid US stocks for the SMIZ ETF according to analyst agreement, magnitude, upside and surprise. This results in a portfolio of stocks that are positioned to generate returns that exhibit minimal correlation with broader market indices.

Investment Objective

The Zacks Small/Mid Cap Core Portfolio ETF seeks to generate consistent and sustainable returns while minimizing the risk of capital loss in the Small and Mid Cap asset classes.

Comprised of approximately 200 thoughtfully selected companies, this portfolio leverages market anomalies to capture alpha and benefits from diversification. These companies are chosen based on their alignment with our criteria for delivering risk-adjusted returns and diversification advantages. As a result, SMIZ is designed to yield returns that show limited correlation with broader market benchmarks amidst volatile economic environments. The quantitative screens are combined with the qualitative judgment of the portfolio manager based on an analysis of from Zacks Proprietary Multi-factor Alpha Model, valuation, and improving fundamentals.

Fund Details

Fund Inception 10/03/2023
Ticker SMIZ
Net Assets 25,334,220.41
Shares Outstanding 850,000
Asset class Equity Class
Primary Exchange NYSE
CUSIP 98888G204
Fund Type Active
Benchmark Russell Mid Cap Index/Russell
2000 Index (50/50 blend)
Net Expense Ratio 0.56%
Gross Expense Ratio 1.47%
Data as of 02/23/2024
Download Portfolio Holdings
Historical Premium/Discount

Fund Details

NAV
Net Asset Value $29.8
Daily Change 0.17%
Volume 5,591
Market Price
Closing Price $29.85
Daily Change 0.27%
30-Day Median Bid/Ask Spread 0.23952096%
Premium/Discount $0.05
Data as of 02/23/2024
The exchange-traded fund's median bid-ask spread is rounded to the nearest hundredth and computed by (1) identifying the exchange-traded fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days, (2) dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer, and (3) identifying the median of those values.

Performance

Month end returns as of: 09/30/2023

  1 Month 3 Month 6 Month Since Inception (10/03/23)
Fund NAV 4.86% 14.61% - 19.28%
Market Price 4.99% 14.76% - 19.48%
The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 1 (888) 775-8351. NAV Return represents the closing price of underlying securities. Market Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times.

Quarter end returns as of: 09/30/2023

  1 Year 3 Year 5 Year 10 Year Since Inception (10/03/23)
Fund NAV - - - - 19.28%
Market Price - - - - 19.48%

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SMIZ Prospectus

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Multi-factor Alpha Model behind SMIZ

Zacks Proprietary Multi-factor Alpha Model

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construction and factsheet

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