Frequently Asked Questions About SMDY

What does SMDY invest in?

Under normal market conditions, the fund invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the broad-based S&P MidCap 400 Index and holds the same constituents as the S&P MidCap 400 Index.

What is the expense ratio of SMDY?

Syntax Stratified MidCap (SMDY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is SMDY's distribution yield?

SMDY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does SMDY's covered-call strategy work?

SMDY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is SMDY?

Syntax Stratified MidCap (SMDY) manages $11.6M 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 SMDY actively managed or an index fund?

SMDY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

SMDY (Syntax Stratified MidCap) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

SMDY

Syntax Stratified MidCap

AMEX·Asset Management · Financial Services

$44.16$0.12+0.26%

Market closed·Sep 27 7:46 PM UTC

Price Chart

$44.16+$0.12 (+0.26%)today

+10.86%CAGR +2.08%

Select date range

FromTo

Jan 17, 2020Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DistributionDistributions Tab

Annual Distribution (FWD)$0.00

Distribution Yield (FWD)0.00%

Annual Distribution (TTM)—

Distribution Yield (TTM)0.00%

Distribution Growth (5Y)—

FrequencyAnnual

Most Recent$0.70

Ex-Dividend DateSep 26

Payment DateSep 27

DiversificationDiversification Tab

Holdings180

Top 10 Weight1.8%

Top 25 Weight4.4%

Effective Holdings156

Sectors11

Largest HoldingTHG · 0.2%

Largest SectorTechnology · 17.2%

Asset ClassEquity

StrategyOptions Income

Cost & RiskExpenses Tab

Expense Ratio0.35%

Cost per 10k Invested$35.00

AUM$11.57M

Avg Daily Volume667.00

Price$44.16

NAV$42.20

Premium / Discount+4.63%

52-Week Range$37.64 – $45.56

Beta1.04

Fund Overview

Cost Verdict

Is SMDY's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Equity
Strategy: Options Income
Inception: January 17, 2020
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US87166N2053
CUSIP: 87166N205

Peers

Peers Tab

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Latest News

News Tab

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Frequently Asked Questions About SMDY

What does SMDY invest in?: Under normal market conditions, the fund invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the broad-based S&P MidCap 400 Index and holds the same constituents as the S&P MidCap 400 Index.
What is the expense ratio of SMDY?: Syntax Stratified MidCap (SMDY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
What is SMDY's distribution yield?: SMDY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.
How does SMDY's covered-call strategy work?: SMDY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
How big is SMDY?: Syntax Stratified MidCap (SMDY) manages $11.6M 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 SMDY actively managed or an index fund?: SMDY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.