Sophus Capital Emerging Markets Small Cap ETF (EMSC)
The Sophus Capital Emerging Small Cap Markets ETF is a high conviction fund for investors seeking more targeted exposure to smaller, dynamic companies in faster growth economies at compelling valuations. These stocks tend to be under-owned with higher pricing inefficiencies, providing broader investment at the sector and country levels and more exposure to local growth thematics. The experienced investment team actively manages risks to mitigate volatility.
EMSC Methodology
Investment Philosophy
- The Sophus Capital emerging markets small cap strategy is an actively managed, bottom-up strategy that aims to capture improving and sustainable earnings growth at attractive valuations, with earnings revision and positive surprise as catalysts for stock price appreciation.
- The team employs both fundamental analysis and quantitative screening to identify companies with above-average earnings growth relative to their peers.
Quantitative Analysis
- The team’s proprietary quantitative screening model, called the Sophus Capital Emerging Markets Alpha Model (“EM Alpha Model”), is a comparative framework that ranks above 5,000 companies across emerging markets
- The model ranks the stocks from 1 to 100 (most to least attractive) using screens developed by the team that focus on improving earnings growth at attractive valuations, with earnings revisions and potential for positive surprise as the catalysts for performance.
Fundamental Analysis
- Analysts focus fundamental, bottom-up research on companies that rank highly within the team’s quantitative screen, with particular emphasis placed on a company’s earnings growth, business strategy, value creation, competitive position, management quality, market position, and political and economic backdrop.
- The analysts interpret signals from the EM Alpha Model and combine them with in-depth fundamental research to formulate high conviction ideas.
- Fundamental research consists of rigorous evaluation of financial statements to gain insight into key drivers of company earnings, appraisal of a company’s growth prospects and its sustainability through meetings with management, industry contacts and analysis of industry data.
Risk Management
- Portfolio managers work closely with the analysts to determine buy and sell candidates, and overlay with disciplined risk management limiting broad country, regional and sector exposures to mitigate the volatility that individual emerging markets can exhibit.
Fund Documents
Fund Details
NAV and Market Price
NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.
Month-End Performance
| Fund_Ticker | Type | YTD | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | As of Date |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EMSC | MKT | 7.29 | 05/31/2026 | ||||||||
| EMSC | NAV | 6.62 | 05/31/2026 |
Quarter-End Performance
The fund’s inception date is May 20, 2026. The Fund is new and therefore does not have a performance history for a full calendar year as of the most recent quarter end. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than that quoted. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
Market Price Return is calculated using the price that investors buy and sell ETF shares in the market. The market returns in the table are based on the midpoint of the bid/ask spread at 4 p.m. EST and do not represent the returns you would receive if you traded shares at other times. NAV Return represents the closing price of underlying securities.
Historical Premium / Discount
The Premium/Discount shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range.
Fund Distributions
Fund Holdings
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.