SMRI ETF: What Is It? Returns, Expense Ratio, Holdings and Alternative ETFs
The Bushido Capital U.S. Equity ETF is an actively managed fund that selects U.S. stocks based on fundamental value, aiming for value-driven differentiation. The key things to check are its fees, value style and growth outlook, and comparison with passive value ETFs is the main selection criterion. It trades under the ticker SMRI.
SubscribeWhat Is the Bushido Capital U.S. Equity ETF?
It is an active ETF that selects U.S.-listed stocks through a systematic value approach combining quantitative and qualitative analysis. It seeks to differentiate itself from the market in the U.S. large-cap and mid-cap value segment.
It suits value-oriented investors who expect differentiated results from U.S. value stocks through management that combines quantitative and qualitative analysis.
It is an ETF run with an active management approach by Bushido Capital.
How Does the Bushido Capital U.S. Equity ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | Active (does not track a benchmark) |
| Management Style | Active (fundamental value) |
| Rebalancing Frequency | As needed (at manager's discretion) |
| Dividend Frequency | Quarterly |
| Total Expense Ratio | 0.71% |
It selects U.S.-listed stocks through a systematic value approach that combines quantitative and qualitative analysis. Using the U.S. 1000 Index and the S&P 500 Value Index as benchmarks, it concentrates on value stocks with strong fundamentals and seeks differentiated exposure in the large-cap and mid-cap value segment.
- Systematic value selection combining quantitative and qualitative analysis
- Focus on the large-cap and mid-cap value segment
Bushido Capital U.S. Equity ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) are $715.6M, and the total expense ratio is 0.71% per year.
Unlike passive value ETFs, its selection process combining quantitative and qualitative analysis can cause performance to diverge from the market, and its tilt toward the value style can lead to performance gaps when growth stocks are leading.
Bushido Capital U.S. Equity ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeValue stocks are affected by style rotation, in which they alternate with growth stocks as the market leader. Value stocks tend to show relative strength when interest rates rise or the economy recovers, but they can lag in growth-led markets.
Capital tends to flow into value ETFs when preference for the value style rises, while inflows can slow in growth-led markets. Fund flows shift with style rotation.
Bushido Capital U.S. Equity ETF Pros and Cons
Its strength is value selection that combines quantitative and qualitative analysis, while its drawbacks are style concentration, performance dispersion and active management fees.
💪 Key Strengths
⚠️ Points to Watch
Bushido Capital U.S. Equity ETF Alternative ETFs and Related Products
VIG, SCHD, VYM and others shown in the table are dividend-focused ETFs, so their focus differs from value selection. For more exposure to U.S. value stocks, you can also compare the large-cap value fund VTV, the Russell 1000 Value fund IWD and the value factor fund VLUE. These funds differ in management approach, value intensity and fees, so it is best to choose according to your investment profile.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 SCHD | Schwab US Dividend Equity ETF | $35.27 | -0.4% | $118.9B | 0.06% | 2.99% | +30.5% |
 VIG | Vanguard Dividend Appreciation FTF | $243.12 | -0.8% | $114.5B | 0.04% | 1.5% | +12.0% |
 VYM | Vanguard High Dividend Yield Indx ETF | $161.50 | -0.7% | $82.7B | 0.04% | 2.28% | +14.6% |
 DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | $44.74 | -0.6% | $49.3B | 0.18% | 0.88% | +15.4% |
 RDVY | First Trust Rising Dividend Achievers ETF | $78.70 | -1.2% | $25.5B | 0.47% | 0.86% | +16.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| CNC | Centene Corp | 0.03% | $70.17 | -1.5% | $34.7B | - | - |
| ON | ON Semiconductor Corp | 0.03% | $72.25 | -1.3% | $28.1B | 46.5 | - |
| SNDK | Sandisk Corp | 0.03% | $1238.03 | -1.8% | $178.9B | 17.0 | - |
| QCOM | Qualcomm Inc | 0.03% | $175.91 | +1.8% | $187.8B | 20.4 | 2.06% |
 THC | Tenet Healthcare Corp | 0.03% | $268.45 | -0.8% | $21.6B | 10.3 | - |
| HUM | Humana Inc | 0.03% | $422.07 | +0.3% | $50.7B | 40.0 | 0.87% |
| WDAY | Workday Inc | 0.03% | $209.99 | +0.0% | $50.6B | 42.6 | - |
| ACN | Accenture plc | 0.02% | $249.37 | -3.6% | $147.4B | 18.4 | 2.77% |
| ZM | Zoom Communications Inc | 0.02% | $95.77 | -0.5% | $27.9B | 8.9 | - |
| VEEV | Veeva Systems Inc | 0.02% | $323.04 | +0.1% | $52.3B | 53.1 | - |
Bushido Capital U.S. Equity ETF Investor Checkpoints
These are the points to review before investing in SMRI. As an active value ETF, it is important to check value style rotation, performance dispersion, fee level and management approach in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check active management fees | Somewhat high |
| 📊 Value Style | Relative performance through value-growth rotation | Affected by rotation |
| 📈 Performance Dispersion | Possible performance gap versus the market | May fluctuate |
| 🔍 Management Approach | Check selection combining quantitative and qualitative analysis | Active |
Because it leans toward the value style, it can lag in markets led by growth stocks, and its systematic selection can create performance gaps versus the market. The higher fees that come with active management should also be taken into account.
It is an active ETF suited to value-oriented investors who expect differentiated results from U.S. value stocks through management that combines quantitative and qualitative analysis. If low-cost diversification is your priority, a passive value ETF may be the better choice, while SMRI can be an alternative for those who want systematic value selection.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
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