CSMD
Congress SMid Growth ETF
CSMD is an actively managed fund that seeks long-term capital appreciation by investing in small- and mid-cap companies believed to be experiencing or will experience earnings growth.
US
EQUITY
Active
MANAGEMENT STYLE
227.0 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | Lagan Holding Co. Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 22, 2023 |
| Assets (mns) | $227 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COMFORT SYSTEMS USA INC | 4.5 % |
| CYBERARK SOFTWARE LTD. | 3.7 % |
| CURTISS-WRIGHT CORP | 3.3 % |
| SPS COMMERCE INC | 3.2 % |
| PTC INC. | 2.9 % |
| BJ'S WHOLESALE CLUB HOLDINGS, INC. | 2.9 % |
| VALMONT INDUSTRIES | 2.9 % |
| WILLIAMS-SONOMA INC | 2.9 % |
| TRACTOR SUPPLY COMPANY | 2.9 % |
| CASH & OTHER | 2.7 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 248 |
| Wgt avg mkt cap (mns) | $11,152 |
| Large cap (>$10bn) | 47.8% |
| Mid cap ($2-10bn) | 52.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.7 % |
 |
ISRAEL | 3.8 % |
 |
BRITAIN | 2.1 % |
 |
IRELAND | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.7% | 25.1% | -- | -- | -- | -- | 21.9% | Volatility | 17.0% | 17.1% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.59 | 82% |
| MSCI EAFE | 1.05 | 53% |
| MSCI Emg Mkts | 0.84 | 26% |
Liquidity Measures
| Avg. volume (000) | 41 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $4,029 |
Technical Indicators
| Recent close | $30.02 |
| 30d moving avg. | $31.44 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.9% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CSMD |
Expenses vs. CSMD |
ALTAR Score™ vs. CSMD |
|---|---|---|---|---|
| RSMC | Rockefeller U.S. Small-Mid Cap ETF | 16.7% | +6 bp | +1.2% |
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 16.4% | -14 bp | +0.3% |
| XMHQ | Invesco S&P MidCap Quality ETF | 14.8% | -44 bp | +2.9% |
| SMAP | Amplify Small-Mid Cap Equity ETF | 14.4% | -9 bp | +0.7% |
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 13.0% | -34 bp | +1.1% |
| QQJG | Invesco ESG NASDAQ Next Gen 100 ETF | 12.4% | -49 bp | +1.6% |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | 11.3% | -52 bp | +1.7% |
| JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 11.2% | -39 bp | +1.4% |
| IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 11.0% | -54 bp | +1.7% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | 10.9% | -54 bp | +1.7% |
Risk and Returns: CSMD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CSMD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
CSMD
4.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. CSMD's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places CSMD in the 31st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CSMDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| CSMD (69 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CSMD | 69.0 | 21.2 | 90.2 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .