# Bushido Capital US Equity ETF (SMRI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/smri for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Bushido · Asset class: Equity - Strategy: Actively Managed · Inception: 2023-09-13 Operating as an actively managed exchange-traded fund (ETF), this fund endeavors to achieve its financial objectives primarily through investing in U.S.-listed common equities. Customarily, at least 80% of its combined assets—comprising both net assets and any borrowed funds used for investment—are allocated to these securities. ## Key Facts | Metric | Value | |---|---| | Price | $47.38 | | Expense Ratio | 0.71% | | Assets Under Management | $749.9M | | NAV | $47.36 | | Holdings Count | 0 | | Distribution Yield (TTM) | 1.41% | | Annual Distribution (TTM) | $0.67 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $34.10 – $50.48 | | Beta | 0.90 | ## Latest Distribution - Amount: $0.4378 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does SMRI invest in? Operating as an actively managed exchange-traded fund (ETF), this fund endeavors to achieve its financial objectives primarily through investing in U.S.-listed common equities. Customarily, at least 80% of its combined assets—comprising both net assets and any borrowed funds used for investment—are allocated to these securities. ### What is the expense ratio of SMRI? Bushido Capital US Equity ETF (SMRI) charges an expense ratio of 0.71%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SMRI? Bushido Capital US Equity ETF (SMRI) manages $749.9M 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 SMRI actively managed or an index fund? SMRI is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SMRI's is 0.71%) in exchange for the discretion to over- or under-weight positions. ### When was SMRI launched? Bushido Capital US Equity ETF (SMRI) launched in September 2023 and is managed by Bushido. ### How has SMRI performed? SMRI'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 SMRI pay a dividend? Bushido Capital US Equity ETF (SMRI) currently distributes little or no income. Trailing-twelve-month yield is 1.41%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SMRI pay dividends? Bushido Capital US Equity ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SMRI's dividend yield? SMRI's trailing-twelve-month yield is 1.41%, calculated from the sum of dividends over the past year divided by the current price. ### When is SMRI's next ex-dividend date? The most recently announced ex-dividend date for SMRI was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will SMRI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.71% 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 SMRI charge its expense ratio? The expense ratio is deducted in tiny daily slices from SMRI'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 SMRI cost more than a fund like VOO? SMRI is actively managed (current expense ratio 0.71%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SMRI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to SMRI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SMRI (0.71%) 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/smri - Distribution history: https://www.dividenddata.com/funds/smri/dividend - Holdings & diversification: https://www.dividenddata.com/funds/smri/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/smri/expenses - Peer comparison: https://www.dividenddata.com/funds/smri/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.