SMCF
Themes US Small Cap Cash Flow Champions ETF
The Themes US Small Cap Cash Flow Champions ETF seeks to invest in small-cap companies that exhibit strong cash flow generation, aiming to provide investors with capital appreciation and income potential.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 2.7 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Inception date | Dec 12, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APA CORP. | 5.2 % |
| EAST WEST BANCORP INC | 4.6 % |
| RENAISSANCERE HOLDINGS LTD | 4.5 % |
| REINSURANCE GROUP OF AMERICA | 4.4 % |
| STERLING CONSTRUCTION CO | 4.1 % |
| FIDELITY NATIONAL FINANCIAL, INC - FNF G | 3.9 % |
| MUELLER INDUSTRIES INC | 3.7 % |
| HF SINCLAIR CORPORATION | 3.2 % |
| BUILDERS FIRSTSOURCE INC | 2.9 % |
| CHORD ENERGY CORPORATION | 2.7 % |
Constituent Breakdown
| Number of holdings | 73 |
| Herfindahl-Hirschman Index | 236 |
| Wgt avg mkt cap (mns) | $7,237 |
| Large cap (>$10bn) | 27.4% |
| Mid cap ($2-10bn) | 64.5% |
| Small cap (<$2bn) | 7.1% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 87.5 % |
 |
BERMUDA | 5.4 % |
 |
SWITZERLAND | 1.7 % |
 |
PUERTO RICO | 1.7 % |
 |
MONACO | 1.4 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.5% | 15.9% | 11.9% | -- | -- | -- | -- | 14.8% |
| Dividend Yield | 0.0% | 4.5% | 2.5% | -- | -- | -- | -- | 2.3% |
| Total Returns | 6.5% | 20.4% | 14.4% | -- | -- | -- | -- | 17.1% | Ann. Volatility | 17.8% | 24.1% | 21.5% | -- | -- | -- | -- | 21.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 67% |
| MSCI EAFE | 1.00 | 47% |
| MSCI Emg Mkts | 0.81 | 37% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| 30d moving avg. (EMA) | $34.49 |
| Relative strength (RSI) | 52 |
| MACD/Signal | -0.07/-0.15 |
| Bollinger Bands (Upper/Lower) | $35.27/$33.46 |
| Short interest (% of AUM) | 0.0% |
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. SMCF |
Expenses vs. SMCF |
ALTAR Score™ vs. SMCF |
|---|---|---|---|---|
| XSHQ | Invesco S&P SmallCap Quality ETF | 16.1% | 0 bp | -3.7% |
| DSMC | Distillate Small/Mid Cash Flow ETF | 15.4% | +26 bp | -0.3% |
| PSCF | Invesco S&P SmallCap Financials ETF | 14.9% | 0 bp | -2.0% |
| RNIN | Bushido Capital US SMID Cap Equity ETF | 14.7% | +41 bp | +1.0% |
| ZIG | Acquirers Fund | 14.5% | +55 bp | +4.3% |
| VAMO | Cambria Value & Momentum ETF | 13.8% | +32 bp | -5.7% |
| KBE | State Street SPDR S&P Bank ETF | 13.8% | +6 bp | -1.8% |
| KIE | State Street SPDR S&P Insurance ETF | 13.0% | +6 bp | -3.1% |
| KRE | State Street SPDR S&P Regional Banking ETF | 12.5% | +6 bp | -2.2% |
| AVUV | Avantis U.S. Small Cap Value ETF | 11.7% | -4 bp | -2.7% |
Risk and Returns: SMCF 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/31/2026
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
12.0%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 2.1%. SMCF's ALTAR Score™ is approximately 3.0 standard
deviations above the category average. This places SMCF in the 99th percentile
among funds in the category.
Sell-Side Consensus
$40.93
PRICE TARGET
+19.2%
UPSIDE