Bushido Capital US Equity ETF
SMRI
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Sep 14, 2023
- CIK
- 0001592900
- Website
- bushidoetf.com
- Similar Companies
- Business
- Bushido Capital US Equity ETF (SMRI) is an actively managed exchange-traded fund that seeks long-term capital appreciation through a systematic, fundamental value approach to U.S. equity investing, focusing on high-quality, profitable companies exhibiting high free cash flow generation relative to capital employed; strong returns on capital over full economic cycles; management teams with proven shareholder-friendly capital allocation; and market prices below estimated intrinsic value. The Fund screens securities from the Russell 1000 and S&P 500 indices, excluding financials and unprofitable firms, then applies quantitative metrics on profitability, valuation, and capital allocation to narrow to approximately 100 candidates, followed by qualitative analysis of financial statements, earnings transcripts, and presentations, plus discounted cash flow modeling, resulting in a portfolio of 30-50 equally weighted positions across diversified sectors and market capitalizations, with quarterly rebalancing and up to 10% opportunistic allocation to financials. It is a series of EA Series Trust, launched on September 13, 2023, and domiciled in the United States, with shares listed on Nasdaq. Empowered Funds, LLC (dba EA Advisers), based in Havertown, Pennsylvania, serves as investment adviser, while Sepio Capital, L.P. acts as sub-adviser providing the proprietary stock selection and portfolio construction; Quasar Distributors, LLC functions as distributor. The Fund targets institutional and retail investors seeking U.S. equity exposure via an active value strategy, maintaining full investment with cash positions minimal and dividends reinvested, employing a systematic sell discipline when better opportunities arise or equities approach intrinsic value. Recent developments include a portfolio manager change effective immediately prior to November 30, 2024, with Josh Carter, Partner and Co-Chief Investment Officer at Sepio Capital, LLC, no longer serving in that role, and all references to him deleted from Fund documents. The Fund revised its dividend policy in the prospectus supplement, shifting to quarterly declarations and distributions of net investment income from prior frequency; as of December 1, 2025, net assets reached $495.06 million with an expense ratio of 0.72%. No recent partnerships, acquisitions, funding rounds, or new product launches by the sponsor or sub-adviser were identified in the past 1-2 years.