2024-07-26 13:57:30 ET
Summary
- The Congress SMID Growth ETF is a relatively new actively managed fund holding 42 small- and mid-cap stocks based on their growth features.
- Although new, Congress Asset Management's mutual funds, particularly its small cap ones, have a solid track record of outperforming low-cost benchmarks like the Vanguard Small Cap Growth ETF.
- CSMD's selections have an impressive 15.51% estimated one-year EPS growth rate and an earnings revision score that ranks #1 among growth ETFs with a weighted market cap below $15 billion.
- Negatives include a high 0.68% expense ratio and excessive valuation ratios compared to peers including IJK, QMID, JSMD, and VBK. It's prudent to wait for a pullback, but CSMD is one to watch.
Investment Thesis
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CSMD: Too Expensive On Several Fronts, But This SMID Growth ETF Is One To Watch