Key stats
About Zacks Small/Mid Cap ETF
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Inception date
Oct 3, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Zacks Investment Management, Inc.
Distributor
Northern Lights Distributors LLC
ISIN
US98888G2049
SMIZ invests in small- and mid-cap stocks listed on US exchanges. The fund considers securities from the Russell 2000 and Russell Mid Cap Indexes that are perceived to possess sound fundamentals and growth potential. Utilizing a proprietary quantitative model based on sell-side analyst data, the fund first focuses on four factors: Agreement (earnings estimate revisions), Magnitude (size of earnings estimate revisions), Upside (how earnings estimate compare to consensus estimates), and Surprise (differences between actual earnings versus the consensus estimates). Stocks are then selected based on the portfolio managers qualitative judgement. Holdings are rebalanced monthly using the same quantitative analysis but may consider qualitative factors, such as corporate actions and reorganizations. As an actively managed fund, SMIZ has full discretion to make buy, hold, or sell decisions at any time. The fund may hold derivatives, which opens investors to potential counterparty risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Technology Services
Stocks97.90%
Finance24.43%
Electronic Technology12.92%
Technology Services10.90%
Industrial Services8.33%
Health Technology6.47%
Producer Manufacturing6.23%
Consumer Services3.88%
Distribution Services3.65%
Utilities3.42%
Non-Energy Minerals3.12%
Commercial Services2.94%
Retail Trade2.75%
Health Services2.28%
Consumer Non-Durables2.14%
Process Industries1.69%
Energy Minerals1.41%
Transportation1.33%
Bonds, Cash & Other2.10%
Cash2.10%
Stock breakdown by region
North America97.79%
Europe2.21%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMIZ invests in stocks. The fund's major sectors are Finance, with 24.43% stocks, and Electronic Technology, with 12.92% of the basket. The assets are mostly located in the North America region.
SMIZ last dividends amounted to 0.01 USD. The year before, the issuer paid 0.15 USD in dividends, which shows a 2.94 K% decrease.
SMIZ assets under management is 148.75 M USD. It's fallen 0.58% over the last month.
SMIZ fund flows account for 56.44 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMIZ pays dividends to its holders with the dividend yield of 0.42%. The last dividend (Jan 3, 2025) amounted to 0.52 USD. The dividends are paid annually.
SMIZ shares are issued by The Greenwood Trust under the brand Zacks. The ETF was launched on Oct 3, 2023, and its management style is Active.
SMIZ expense ratio is 0.56% meaning you'd have to pay 0.56% of your investment to help manage the fund.
SMIZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMIZ invests in stocks.
SMIZ price has fallen by −4.08% over the last month, and its yearly performance shows a 1.82% increase. See more dynamics on SMIZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −2.42% over the last month, have fallen by −2.42% over the last month, showed a 1.44% increase in three-month performance and has increased by 3.96% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −2.42% over the last month, have fallen by −2.42% over the last month, showed a 1.44% increase in three-month performance and has increased by 3.96% in a year.
SMIZ trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.