# SMRI (Bushido Capital US Equity ETF)

Sepio Capital · Stock ETFs · U.S. mid-cap value · data as of Oct 9, 2026

SMRI is actively managed and returned +35.5% over the past year.

## Key facts

- SMRI, total return, 1 year: +35.5%, as of Oct 9, 2026.
- SMRI, expense ratio: 0.71%, as of Oct 9, 2026.
- SMRI, holdings: 50, as of Oct 9, 2026.
- SMRI, below its high: −5.8%, as of Oct 9, 2026.
- SMRI, 12-month yield: cash paid, 1 year, on its starting price: 1.9%, as of Oct 9, 2026.
- SMRI, last payment (paid quarterly), ex-date Sep 28, 2026: $0.4378, as of Oct 9, 2026.
- SMRI, net assets: $644m (SEC filing, whole fund, as filed for Jul 31, 2026).

## SMRI over each window to Oct 9, 2026

| Window | Total return | S&P 500 (SPY) | Gap to SPY |
| --- | --- | --- | --- |
| 1 month | −2.4% | +2.4% | −4.8 pts |
| 3 months | +9.6% | +3.4% | +6.3 pts |
| 6 months | +30.6% | +15.2% | +15.5 pts |
| Year to date | +28.8% | +15.1% | +13.7 pts |
| 1 year | +35.5% | +17.3% | +18.2 pts |
| 3 years | +95.3% | +85.8% | +9.5 pts |
| Since launch | +89.4% | +79.9% | +9.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · U.S. mid-cap value | ETFIQ |
| Expense ratio | 0.71% | 485BPOS XBRL, Nov 20, 2025 |
| Price | $45.97 | ETFIQ |
| First traded | Sep 14, 2023 | ETFIQ |
| Net assets | $644m | SEC filing, whole fund, as filed for Jul 31, 2026 |
| Benchmark | Its own holdings, as of Jul 31, 2026; its prospectus names no index it tracks | ETFIQ, from its filings |
| Below its high | −5.8% | ETFIQ |
| Holdings | 50 | ETFIQ |
| Top ten weight | 23.4% | ETFIQ |
| Holdings as of | Jul 31, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 83.9% | ETFIQ |
| Active share vs the S&P 500 | 95.2% | ETFIQ |
| Already in the Nasdaq-100, by weight | 25.9% | ETFIQ |

## Questions

### How has SMRI performed?

Over the year to Oct 9, 2026, SMRI returned +35.5% with distributions reinvested, against +17.3% for the S&P 500. Over three years the figure is +95.3%.

### What does SMRI cost?

The prospectus expense ratio is 0.71% a year.

### What does SMRI hold?

50 positions as filed for Jul 31, 2026, with the top ten at 23.4% of the fund. 84% of its weight is in stocks the S&P 500 also holds.

### How far is SMRI below its high?

5.8% below its high of Sep 3, 2026, measured on the reinvested series to Oct 9, 2026.


## Cite this page

ETFIQ, SMRI, stock fund, data as of Oct 9, 2026. https://etfiq.com/funds/smri
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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