Steward Equity Market Neutral I (SMNIX)
| Fund Assets | 102.25M |
| Expense Ratio | 2.33% |
| Min. Investment | $100,000 |
| Turnover | 132.00% |
| Dividend (ttm) | 0.69 |
| Dividend Yield | 2.55% |
| Dividend Growth | -37.24% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 18, 2025 |
| Previous Close | 27.12 |
| YTD Return | -0.51% |
| 1-Year Return | 2.23% |
| 5-Year Return | n/a |
| 52-Week Low | 25.34 |
| 52-Week High | 27.95 |
| Beta (5Y) | -0.13 |
| Holdings | 221 |
| Inception Date | n/a |
About SMNIX
The Steward Equity Market Neutral Fund Institutional Class is a mutual fund that employs a market neutral investment strategy, primarily targeting absolute returns that are independent of stock market direction. The fund achieves this by establishing both long and short positions in a diversified portfolio of equity securities, with a significant portion of its holdings focused on large-cap U.S. companies, predominantly sourced from the Russell 1000 Index. This approach aims to minimize broad market risk and generate returns based on individual stock selection rather than overall market trends. The fund typically invests at least 80% of its assets in equities and may also allocate assets to small- and mid-cap companies, other investment companies, and real estate investment trusts. As an institutional class offering, it is geared toward larger investors, with higher minimum investment requirements and an emphasis on risk management and values-based screening for its long positions. Its primary role in the market is to provide portfolio diversification and stability, especially for institutional investors seeking consistent performance regardless of market movements.
Performance
SMNIX had a total return of 2.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.41%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| SMNAX | Class A | 2.58% |
| 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 | $0.69102 | Dec 19, 2025 |
| Dec 19, 2024 | $1.10112 | Dec 19, 2024 |
| Dec 21, 2023 | $1.31006 | Dec 21, 2023 |
| Dec 16, 2022 | $0.0117 | Dec 16, 2022 |