SMIG
AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF
SMIG is an actively managed fund that invests in US mid and small-cap companies that selects and weights securities based on the advisers assessment.
US
EQUITY
Active
MANAGEMENT STYLE
735.3 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Advisors Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2021 |
| Assets (mns) | $735 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| 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 +
| VICTORY CAPITAL HOLDING - A | 5.4 % |
| TARGA RESOURCES CORP | 5.2 % |
| HUBBELL INCORPORATED CLASS B | 4.3 % |
| SNAP-ON INC | 4.2 % |
| PACKAGING CORP OF AMERICA | 4.2 % |
| BROADRIDGE FINANCIAL SOLUTIO | 4.2 % |
| BOOZ ALLEN HAMILTON HOLDINGS | 3.9 % |
| WATSCO INC | 3.9 % |
| HARTFORD FINANCIAL SVCS GRP | 3.9 % |
| EVERCORE PARTNERS INC-CL A | 3.8 % |
Constituent Breakdown
| Number of holdings | 45 |
| Herfindahl-Hirschman Index | 303 |
| Wgt avg mkt cap (mns) | $15,900 |
| Large cap (>$10bn) | 68.5% |
| Mid cap ($2-10bn) | 29.7% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.7 % |
 |
IRELAND | 3.1 % |
 |
CANADA | 1.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.0% | 36.1% | 15.3% | -- | -- | -- | 10.2% | Volatility | 12.7% | 13.5% | 14.6% | 16.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 71% |
| MSCI EAFE | 0.81 | 68% |
| MSCI Emg Mkts | 0.51 | 29% |
Liquidity Measures
| Avg. volume (000) | 149 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $3,925 |
Technical Indicators
| Recent close | $31.90 |
| 30d moving avg. | $29.39 |
| Annualized volatility | 17.5% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.2% |
| 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. SMIG |
Expenses vs. SMIG |
ALTAR Score™ vs. SMIG |
|---|---|---|---|---|
| TPHD | Timothy Plan High Dividend Stock ETF | 13.9% | -8 bp | +0.4% |
| TPHE | Timothy Plan High Dividend Stock Enhanced ETF | 13.9% | -6 bp | +0.4% |
| NEWZ | StockSnips AI-Powered Sentiment US All Cap ETF | 13.0% | +5 bp | -1.5% |
| TPYP | Tortoise North American Pipeline Fund | 11.7% | -20 bp | -1.1% |
| REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 11.6% | -20 bp | +0.6% |
| RNMC | First Trust Mid Cap US Equity Select ETF | 10.9% | 0 bp | +0.8% |
| FSCS | First Trust SMID Capital Strength ETF | 10.9% | 0 bp | +0.3% |
| NUMV | Nuveen ESG Mid-Cap Value ETF | 10.1% | -29 bp | +1.1% |
Risk and Returns: SMIG 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 11/25/2024
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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
SMIG
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SMIG
5.3%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 975 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.3%. SMIG's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places SMIG in the 51st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SMIGSELL
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 |
| SMIG (60 bp) Percentile rank | 44 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SMIG | 60.0 | 11.7 | 71.7 |
| Peer Avg. | 57.4 | 23.6 | 81.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .