SAMT
Strategas Macro Thematic Opportunities ETF
SAMT is an actively managed fund of US stocks that seeks to outperform the broader market by providing exposure to multiple macro-thematic market trends.
US
EQUITY
Active
MANAGEMENT STYLE
141.6 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Fund sponsor | Baird Financial Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 26, 2022 |
| Assets (mns) | $142 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| 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
| ROCKET LAB USA, INC. | 8.5 % |
| MP MATERIALS CORP CLASS A | 5.6 % |
| SPROTT PHYSICAL GOLD TRUST | 5.2 % |
| BERKSHIRE HATHAWAY INC-CL B | 5.2 % |
| COSTCO WHOLESALE CORP | 4.9 % |
| CENCORA INC | 4.3 % |
| ENTERGY CORP | 4.2 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 4.0 % |
| BROADCOM INC. | 3.9 % |
| QUANTA SERVICES INC | 3.9 % |
Constituent Breakdown
| Number of holdings | 38 |
| Herfindahl-Hirschman Index | 456 |
| Wgt avg mkt cap (mns) | $586,612 |
| Large cap (>$10bn) | 78.9% |
| Mid cap ($2-10bn) | 6.9% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 85.9% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 112.2 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 27.9% | 34.3% | 28.9% | 20.1% | -- | -- | -- | 11.9% |
| Dividend Yield | 0.0% | 1.8% | 1.8% | 1.4% | -- | -- | -- | 1.1% |
| Total Returns | 27.9% | 36.1% | 30.8% | 21.5% | -- | -- | -- | 13.0% | Ann. Volatility | 20.3% | 19.1% | 15.6% | 15.3% | -- | -- | -- | 16.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 62% |
| MSCI EAFE | 0.36 | 13% |
| MSCI Emg Mkts | 0.06 | 1% |
Liquidity Measures
| Avg. volume (000) | 112 |
| ADV traded (mns) | $4 |
| Turnover | 3.0% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| Recent close | $38.17 |
| 30d moving avg. | $37.73 |
| Annualized volatility | 15.1% |
| Relative strength (RSI) | 59 |
| Short interest | 0.7% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| USMC | Principal U.S. Mega-Cap ETF | 30.9% | -53 bp | +4.3% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 30.0% | +10 bp | +2.5% |
| FDMO | Fidelity Momentum Factor ETF | 28.8% | -50 bp | +3.5% |
| BBLU | EA Bridgeway Blue Chip ETF EA Bridgeway Blue Chip ETF | 28.0% | -50 bp | +4.7% |
| PWB | Invesco Large Cap Growth ETF | 27.2% | -9 bp | +2.5% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 27.2% | -50 bp | +3.4% |
| SFTY | Horizon Managed Risk ETF | 27.0% | +12 bp | +3.9% |
| STOX | Horizon Core Equity ETF | 27.0% | +5 bp | +4.0% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 26.5% | -35 bp | +4.3% |
| SFYF | SoFi Social 50 ETF | 26.2% | -36 bp | +0.8% |
Risk and Returns: SAMT 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 10/29/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
SAMT
2.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. SAMT's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places SAMT in the 9th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SAMTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| SAMT (65 bp) Percentile rank | 52 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SAMT | 65.0 | 8.1 | 73.1 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .