The Eventide Small Cap ETF is an actively managed ETF designed for investors who want exposure to the U.S. small-cap market. It combines company selection based on values criteria with portfolio risk management, and it seeks long-term capital growth.

It suits long-term investors who want small-cap exposure and also want to factor a company's business practices and values criteria into their investment decisions.

It is an actively managed ETF run by Eventide Investments.

The fund invests broadly in U.S. small-cap stocks, but it selects only companies that pass the manager's proprietary valuation framework and qualitative review. Rather than replicating an index mechanically, it takes an active approach that combines portfolio construction with risk management.

• Company selection that reflects values criteria
• Greater emphasis on management judgment than on index replication

Assets under management (AUM) stand at $33.7M, and the total expense ratio is 0.49% per year.

As a micro-cap-sized ETF, its trading volume and bid-ask spread can widen depending on when you invest. The total expense ratio can translate into differences in long-term holding costs compared with similar products, so it is worth checking.

U.S. small-cap performance tends to be highly sensitive to changes in economic expectations, financing conditions, and corporate earnings. The performance of the ESSC ETF can also be affected by both the small-cap market's direction and the results of its values-based stock selection.

For micro-cap ETFs, the gap between market price and net asset value can vary with trading participation and creation and redemption activity. Investors should look beyond the market backdrop and also check trading volume, bid-ask spreads, and the sustainability of the distribution policy.

The fund is characterized by actively managed small-cap investing that reflects values criteria, but investors should also consider small-cap volatility and the trading conditions that come with a micro-cap-sized fund.

Among the ETFs in the comparison table, the DYNF ETF is an actively managed equity product that uses factor rotation, while the THRO ETF takes an active approach centered on thematic rotation. The ARKK ETF has a strong innovation-theme character, so its investment criteria may differ from those of the ESSC ETF. The JMEE ETF and the PSC ETF offer benchmarks for comparing small-cap and small- to mid-cap exposure, alongside fees, management style, distribution policy, and trading conditions. Information on direct substitutes is limited.

Before adding the ESSC ETF to a portfolio, investors should check whether small-cap exposure is manageable within their overall asset allocation, whether the fund's values-based selection method fits their own investment principles, and whether they understand its trading costs and distribution policy.

The small-cap market can be sensitive to changes in the economic environment, financing conditions, and investor sentiment. In addition, trading conditions for micro-cap ETFs can vary across market phases, and values-based stock selection can produce results that differ from a standard index.

The Eventide Small Cap ETF can be a candidate for investors who want to reflect values criteria in their small-cap investing. However, it is advisable to make a decision in line with your own asset allocation principles after understanding the product's active management characteristics, trading conditions, distribution policy, and small-cap volatility.