Steward Equity Market Neutral A (SMNAX)

Fund Assets	117.30M
Expense Ratio	2.44%
Min. Investment	$1,000
Turnover	176.00%
Dividend (ttm)	0.61
Dividend Yield	2.16%
Dividend Growth	-35.57%
Payout Frequency	Annual
Ex-Dividend Date	Dec 18, 2025

Previous Close	28.57
YTD Return	5.44%
1-Year Return	11.53%
5-Year Return	n/a
52-Week Low	25.79
52-Week High	29.37
Beta (5Y)	-0.28
Holdings	227
Inception Date	Nov 18, 2021

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.

• Fund Family: Crossmark Steward Funds
• Category: Equity Market Neutral
• Performance Rating: Low
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SMNAX
• Share Class: Class A
• Index: Index is not available on Lipper Database

Performance

SMNAX had a total return of 11.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.57%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SMNIX	Institutional Class	2.25%
SMNRX	Class R6	2.13%
SMNCX	Class C	3.25%

Top 10 Holdings

20.08% of assets

Name	Symbol	Weight
Northern Institutional Treasury Premier	NTPXX	11.18%
QUALCOMM Incorporated	QCOM	1.07%
Western Digital Corporation	WDC	1.02%
Weatherford International plc	WFRD	0.99%
Chord Energy Corporation	CHRD	0.99%
TechnipFMC plc	FTI	0.98%
nVent Electric plc	NVT	0.97%
TD SYNNEX Corporation	SNX	0.97%
Sensata Technologies Holding plc	ST	0.96%
Millicom International Cellular S.A.	TIGO	0.96%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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