SMIG

Dividends Pay Dividends ®

Bahl & Gaynor Small/Mid Cap Income Growth ETF
Small/Mid-Cap Focus
Why SMIG?
An Active Fundamental Small/Mid Cap  Equity Strategy Focused on High Current and Growing Income

Since 1990, Bahl & Gaynor has pursued a unified fundamental investment philosophy predicated on long-term ownership of high-quality businesses that we believe are uniquely capable of compounding capital and dividends at attractive growth rates.
 
The Bahl & Gaynor Small/Mid Cap Income Growth ETF is an actively managed ETF that invests primarily in dividend-paying U.S.-listed equity securities of small/mid capitalization companies.

Strategy Goals

Income Growth

SMIG aims to generate meaningful current income that grows over time.

Downside Protection

SMIG seeks to provide favorable risk attributes and downside protection relative to its benchmark through investment in high-quality companies with sustainable advantages.

Long-term Growth of Capital

SMIG aims to provide superior risk-adjusted returns relative to the benchmark.

Strategy Details

Long-term Horizon

Long-term investment focus with moderate investment turnover.

Small/Mid Cap Focus

At least 80% of net assets will be in small and mid capitalization companies at time of purchase, meaning the market cap is between $200 million and the capitalization of the largest company in the Russell 2500 Index.

U.S. Listed Underlying Holdings

Securities held may include U.S.-listed public companies, ADRs and REITs.

Fund Profile
 as of 05/21/2025
as of 05/19/2025

Ticker smig
Exchange NYSE
Expense Ratio 0.60%
Inception Date 8/25/2021
# of Holdings 50
CUSIP 26922B832

Market Data
 as of 05/21/2025
as of 05/19/2025

Shares Outstanding 35,900,000
Net Assets 1 052.11M
Closing Price $29.33
Ticker smig
NAV $29.31
30 Day Sec Yield * 1.94%
Premium / Discount 0.08%
Median 30-day Spread 0.07
* As of 04/30/2025

SMIG Price Performance

Quarter End Performance

as of 03/31/2025
YTD1 Months3 Months6 Months1 Year3 YearSince Inception
SMIG NAV-1.30%-3.83%-1.30%-1.39%7.99%8.49%5.63%
SMIG SHARE PRICE-1.55%-3.93%-1.55%-1.59%7.80%8.40%5.60%
Russell 2500 Total Return-7.50%-6.27%-7.50%-6.93%-3.11%1.78%0.23%
as of 04/30/2025
YTD1 Months3 Months6 Months1 Year3 YearSince Inception
SMIG NAV-3.83%-2.57%-6.40%-4.55%8.77%8.74%4.76%
SMIG SHARE PRICE-4.09%-2.59%-6.56%-4.49%8.85%8.72%4.72%
Russell 2500 Total Return-9.41%-2.06%-12.51%-7.99%1.70%4.12%-0.34%
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by calling (855) 994-1711. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.

Top Holdings
as of 05/21/2025
As of 05/21/2025

Name Symbol/Ticker Cusip Quantity Weight (%)
United States Treasury Bill 08/07/2025912797MG9912797MG9112,0000.01%
United States Treasury Bill 07/17/2025912797PE1912797PE1266,0000.03%
United States Treasury Bill 07/31/2025912797PG6912797PG6355,0000.03%
United States Treasury Bill 07/24/2025912797PF8912797PF8432,0000.04%
Cash & OtherCash&OtherCash&Other690,8560.07%
United States Treasury Bill 08/14/2025912797PN1912797PN1811,0000.08%
Home BancShares Inc/ARHOMB436893200103,5160.29%
CONAGRA BRANDS INCCAG205887102184,1810.41%
Tractor Supply CoTSCO89235610690,8090.45%
Utz Brands IncUTZ918090101454,7500.55%
First Financial BancorpFFBC320209109251,3820.60%
Insperity IncNSP45778Q10788,6710.60%
NetApp IncNTAP64110D10469,0060.66%
Meritage Homes CorpMTH59001A102106,4190.67%
Ryder System IncR78354910857,6270.85%
Allegion plcALLEG0176J10963,5200.87%
Terreno Realty CorpTRNO88146M101187,4261.03%
Penske Automotive Group IncPAG70959W10367,5041.07%
Plains GP Holdings LPPAGP72651A207638,6501.10%
Avient CorpAVNT05368V106326,3781.16%
US Physical Therapy IncUSPH90337L108170,1521.29%
CMS Energy CorpCMS125896100192,3431.32%
Equity LifeStyle Properties IncELS29472R108246,0991.53%
Cboe Global Markets IncCBOE12503M10879,4661.71%
RPM International IncRPM749685103159,1301.74%
Lancaster Colony CorpLANC513847103109,7161.75%
Avnet IncAVT053807103386,6461.88%
Alliant Energy CorpLNT018802108337,6072.03%
American Financial Group Inc/OHAFG025932104187,8732.25%
Atmos Energy CorpATO049560105148,5192.25%
Texas Roadhouse IncTXRH882681109130,4112.38%
Reinsurance Group of America IncRGA759351604134,5252.67%
Avery Dennison CorpAVY053611109156,4102.74%
Agree Realty CorpADC008492100387,0632.80%
Amdocs LtdDOXG02602103333,1442.89%
DT Midstream IncDTM23345M107290,8592.90%
Gildan Activewear IncGIL375916103621,0052.97%
Interparfums IncIPAR458334109242,0543.00%
Evercore IncEVR29977A105136,9513.09%
Perrigo Co PLCPRGOG978221031,250,7633.27%
Booz Allen Hamilton Holding CorpBAH099502106275,4593.40%
Quest Diagnostics IncDGX74834L100201,5133.42%
Packaging Corp of AmericaPKG695156109188,0433.47%
Watsco IncWSO94262220079,7143.57%
NiSource IncNI65473P1051,006,4333.79%
Hubbell IncHUBB443510607104,4783.87%
Targa Resources CorpTRGP87612G101252,4333.89%
Snap-on IncSNA833034101128,1003.99%
Victory Capital Holdings IncVCTR92645B103733,0404.44%
Hartford Insurance Group Inc/TheHIG416515104358,1084.48%
Broadridge Financial Solutions IncBR11133T103201,7664.67%
Holdings are subject to change without notice

Distributions

Ex-Dividend Date
Record Date
Payable Date
Ordinary Income
Short-Term Capital Gains
Long-Term Capital Gains
Return of Capital
$/Share
9/27/23
9/28/23
10/2/23
$0.010219
--
--
--
$0.010219
10/27/23
10/30/23
11/1/23
$0.050816
--
--
--
$0.050816
Ex-Dividend Date Record Date Payable Date Ordinary Income $/Share
04/29/202504/29/202505/01/2025$0.042000$0.042000
03/28/202503/28/202504/01/2025$0.042000$0.042000
02/27/202502/27/202503/03/2025$0.040989$0.040989
01/30/202501/30/202502/03/2025$0.040222$0.040222
12/31/202412/31/202401/03/2025$0.070287$0.070287
11/27/202411/27/202412/02/2024$0.040009$0.040009
10/30/202410/30/202411/01/2024$0.039344$0.039344
09/27/202409/27/202410/01/2024$0.036711$0.036711
08/29/202408/29/202409/03/2024$0.037278$0.037278
07/30/202407/30/202408/01/2024$0.038853$0.038853
06/27/202406/27/202407/01/2024$0.039731$0.039731
05/30/202405/30/202406/03/2024$0.039782$0.039782
04/26/202404/29/202405/01/2024$0.040430$0.040430
03/26/202403/27/202404/01/2024$0.041539$0.041539
02/27/202402/28/202403/01/2024$0.043921$0.043921
01/29/202401/30/202402/01/2024$0.041063$0.041063
12/28/202312/29/202301/03/2024$0.062674$0.062674
11/28/202311/29/202312/01/2023$0.041638$0.041638
10/27/202310/30/202311/01/2023$0.043472$0.043472
09/27/202309/28/202310/02/2023$0.047564$0.047564
08/29/202308/30/202309/01/2023$0.043321$0.043321
07/27/202307/28/202308/01/2023$0.035129$0.035129
06/28/202306/29/202307/03/2023$0.039048$0.039048
05/26/202305/30/202306/01/2023$0.037198$0.037198
04/26/202304/27/202305/01/2023$0.032708$0.032708
03/29/202303/30/202304/03/2023$0.033975$0.033975
02/24/202302/27/202303/01/2023$0.031368$0.031368
01/30/202301/31/202302/02/2023$0.033875$0.033875
12/29/202212/30/202201/04/2023$0.057616$0.057616
11/28/202211/29/202212/01/2022$0.037936$0.037936
10/27/202210/28/202211/01/2022$0.043000$0.043000
09/28/202209/29/202210/03/2022$0.040039$0.040039
08/29/202208/30/202209/01/2022$0.043764$0.043764
07/27/202207/28/202208/01/2022$0.034038$0.034038
06/28/202206/29/202207/01/2022$0.037626$0.037626
05/26/202205/27/202206/01/2022$0.035613$0.035613
04/27/202204/28/202205/02/2022$0.030100$0.030100
03/29/202203/30/202204/01/2022$0.033835$0.033835
02/24/202202/25/202203/01/2022$0.030151$0.030151
01/27/202201/28/202202/01/2022$0.030000$0.030000
12/29/202112/30/202101/03/2022$0.041011$0.041011
11/26/202111/29/202112/01/2022$0.021250$0.021250
10/27/202110/28/202111/01/2021$0.025926$0.025926
09/28/202109/29/202110/01/2021$0.043636$0.043636
Ex-Dividend Date
Record Date
Payable Date
Ordinary Income
Short-Term Capital Gains
Long-Term Capital Gains
Return of Capital
$/Share
9/27/23
9/28/23
10/2/23
$0.010219
--
--
--
$0.010219
Ex-Dividend Date
Record Date
Payable Date
Ordinary Income
Short-Term Capital Gains
Long-Term Capital Gains
Return of Capital
$/Share
10/27/23
10/28/23
11/1/23
$0.050816
--
--
--
$0.050816

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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (855) 994-1711 or click here. Read the prospectus or summary prospectus carefully before investing.



As with all ETFs, Shares may be bought and sold in the secondary market at market prices. 



The Russell 2500® Index measures the performance of the small to mid-cap segment of the U.S. equity universe. It includes approximately 2500 of the smallest securities based on a combination of market cap and current index membership. The Index is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small to mid-cap opportunity set. It is not possible to invest directly in an index.

Fund Risks

Investing in ETFs involves additional risks such as the market price of the shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a fund's ability to sell its shares.


Small/Mid Cap Company Risk. The Fund invests in small- and mid-capitalization companies which may be more vulnerable to adverse issuer, market, political or economic developments than securities of large-capitalization companies. Smaller-capitalization companies generally trade in lower volumes and are  subject to greater and more unpredictable price changes. 


REIT Investment Risk. Investments in REITs involve unique risks. REITs may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities.

Investments involve risk. Principal loss is possible.

Distributed by Quasar Distributors, LLC

Investments involve risk. Principal loss is possible.



Distributed by Quasar Distributors, LLC

* Represents the Unsubsidized Yield. The 30-day SEC Yield for an Exchange-Traded Fund (ETF) is a standardized yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that reflects the income earned by the fund's portfolio over the past 30 days, net of expenses. It is calculated by taking the fund's net investment income, including interest and dividends, and dividing it by the fund's average net assets over the previous 30 days. This yield calculation provides investors with a snapshot of the fund's income-generating potential, taking into account expenses that impact yields, such as management fees and other operating costs. It is calculated by our Fund Administrator, US Bank. The unsubsidized yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses.

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