# Small Cap Growth Fund Class Y (SMAYX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/smayx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2015-11-03 Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small companies. It will primarily seek to purchase securities believed to have attractive growth and appreciation potential. For the purposes of this fund, a small company is a company with a market capitalization in the range of companies in the Russell 2000 Index, as determined at the time of purchase. ## Key Facts | Metric | Value | |---|---| | Price | $37.51 | | Expense Ratio | 0.99% | | Assets Under Management | $276.7M | | NAV | $37.51 | | Holdings Count | — | | Distribution Yield (TTM) | 9.61% | | Annual Distribution (TTM) | $3.60 /share | | Distribution Frequency | Irregular | | 52-Week Range | $33.04 – $41.89 | | Beta | 1.27 | ## Latest Distribution - Amount: $0.1018 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-30 ## Frequently Asked Questions ### What does SMAYX invest in? Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of small companies. It will primarily seek to purchase securities believed to have attractive growth and appreciation potential. For the purposes of this fund, a small company is a company with a market capitalization in the range of companies in the Russell 2000 Index, as determined at the time of purchase. ### What is the expense ratio of SMAYX? Small Cap Growth Fund Class Y (SMAYX) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SMAYX? Small Cap Growth Fund Class Y (SMAYX) manages $276.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SMAYX actively managed or an index fund? SMAYX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SMAYX's is 0.99%) because there's no security selection cost. ### When was SMAYX launched? Small Cap Growth Fund Class Y (SMAYX) launched in November 2015 and is managed by the fund issuer. ### How has SMAYX performed? SMAYX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SMAYX pay a dividend? Small Cap Growth Fund Class Y (SMAYX) currently distributes little or no income. Trailing-twelve-month yield is 9.61%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SMAYX pay dividends? Small Cap Growth Fund Class Y pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SMAYX's dividend yield? SMAYX's trailing-twelve-month yield is 9.61%, calculated from the sum of dividends over the past year divided by the current price. ### When is SMAYX's next ex-dividend date? The most recently announced ex-dividend date for SMAYX was 2025-12-29. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will SMAYX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.99% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SMAYX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SMAYX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SMAYX cost more than a fund like VOO? SMAYX is a passive index fund (current expense ratio 0.99%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SMAYX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SMAYX (0.99%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/smayx - Distribution history: https://www.dividenddata.com/funds/smayx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/smayx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/smayx/expenses - Peer comparison: https://www.dividenddata.com/funds/smayx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.