Steward Equity Market Neutral A (SMNAX)
| Fund Assets | 102.25M |
| Expense Ratio | 2.58% |
| Min. Investment | $100,000 |
| Turnover | 132.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 2.25% |
| Dividend Growth | -35.57% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2025 |
| Previous Close | 27.07 |
| YTD Return | -0.59% |
| 1-Year Return | 2.01% |
| 5-Year Return | n/a |
| 52-Week Low | 25.32 |
| 52-Week High | 27.95 |
| Beta (5Y) | n/a |
| Holdings | 221 |
| Inception Date | n/a |
About SMNAX
Steward Equity Market Neutral Fund is a mutual fund specializing in a market neutral strategy designed to provide investors with long-term capital appreciation that is independent of broader U.S. equity market movements. The fund predominantly invests in equity securities, typically targeting at least 80% of its assets in large-cap stocks found within the Russell 1000 Index, though it may also allocate to select mid- and small-cap companies. By simultaneously establishing long (buying) and short (selling) positions in diverse stocks, the fund seeks to generate returns primarily through stock selection rather than market direction. The approach aims to neutralize systematic risk, making performance less correlated to equity indices. Steward Equity Market Neutral Fund applies a values-based screening process to long positions, excluding certain issuers based on specific criteria, which impacts the potential investment universe. With a focus on absolute returns rather than relative outperformance versus a benchmark, the fund serves as a diversification tool for portfolios seeking to limit exposure to equity market volatility. Its strategy is particularly relevant for investors interested in managing risk while pursuing growth from active stock-picking across multiple sectors.
Performance
SMNAX had a total return of 2.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.96%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SMNIX | Institutional Class | 2.33% |
| SMNRX | Class R6 | 2.21% |
| SMNCX | Class C | 3.33% |
Top 10 Holdings
14.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Northern Institutional Funds - Treasury Portfolio | NTPXX | 5.16% |
| C.H. Robinson Worldwide, Inc. | CHRW | 1.15% |
| Cardinal Health, Inc. | CAH | 1.10% |
| Warner Bros. Discovery, Inc. | WBD | 1.09% |
| Roku, Inc. | ROKU | 1.03% |
| Synchrony Financial | SYF | 1.01% |
| ADT Inc. | ADT | 1.01% |
| BorgWarner Inc. | BWA | 1.00% |
| Visa Inc. | V | 0.99% |
| Booking Holdings Inc. | BKNG | 0.99% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.61043 | Dec 19, 2025 |
| Dec 19, 2024 | $0.94741 | Dec 19, 2024 |
| Dec 21, 2023 | $1.31105 | Dec 21, 2023 |
| Dec 16, 2022 | $0.0117 | Dec 16, 2022 |