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SMRI ETF — Bushido Capital US Equity ETF
Bushido Capital US Equity ETF (SMRI)
Updated October 16, 2026.
Verdict as of October 16, 2026
SMRI's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (63/100, high confidence). It pays quarterly and its distribution rate is 0.25%. The latest total cash payment per current share, $0.438 with an ex-date of September 28, 2026, was 1410.3% higher than the previous $0.029. These payments are unclassified; this does not establish a base-dividend change.
Sources: Bushido, Section 19a-1 notices, scoring methodology.
SMRI is an ETF. its distribution rate is 0.25%, its trailing-12-month yield is 1.42%, its expense ratio is 0.71%. Dividend Vision Distribution Safety Score™ is 63/100 (Generally safe). Total return is 93.7% over the past 3.1 years, 17.3 points ahead of SPY at 76.4%.
Bushido Capital US Equity ETF is an actively managed exchange-traded fund that invests at least 80% of its assets in U.S. listed common stocks. The fund has a very low current distribution rate and pays distributions quarterly, with the most recent payout being a special one-time distribution that may not recur regularly. It carries an expense ratio of 0.71%.
SMRI dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (1.42%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.438. The ex-dividend date is 09/28/2026. The payment date is 09/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-28 | $0.438 | 1410.3% Unclassified cash |
| 2026-06-29 | $0.029 | -56.1% Unclassified cash |
| 2026-03-30 | $0.066 | -50.7% Unclassified cash |
| 2025-12-23 | $0.134 | -10.1% Unclassified cash |
| 2025-09-29 | $0.149 | 170.9% Unclassified cash |
| 2025-06-27 | $0.055 | -60.4% Unclassified cash |
| 2025-03-28 | $0.139 | -54.6% Unclassified cash |
| 2024-12-30 | $0.306 | 157.1% Unclassified cash |
| 2023-12-20 | $0.119 | — |
| 2023 total (partial launch year) | $0.119 | — |
| 2024 total | $0.306 | — |
| 2025 total | $0.477 | 55.9% |
| 2026 YTD total | $0.533 | 55.4% vs prior-year YTD |
SMRI dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +2.8%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +2.8% |
SMRI holdings and sector exposure
Holdings are not available for this snapshot.
SMRI performance versus SPY
Price and return data through 2026-10-16.
Total return is 93.7% over the past 3.1 years, 17.3 points ahead of SPY at 76.4%. Over the past year its total return — price change plus distributions reinvested — is 40.6%. Its deepest 1-year drawdown was 8.7%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.4% | — |
| 3M | 10.9% | — |
| 6M | 28.5% | — |
| YTD | 31.7% | — |
| 1Y | 40.6% | — |
| 2Y CAGR | — | 24.70% |
| 3Y CAGR | — | 25.70% |
| Since inception (3.1 years) | 93.7% | 23.90% |
SMRI key facts
- Distribution Safety Score™
- 63 · Generally safe
- Safety-Adjusted Yield
- 0.16%
- Issuer
- Bushido
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/13/2023
- Expense ratio
- 0.71%
- Distribution rate
- 0.25%
- Distribution frequency
- Quarterly
- Trailing yield
- 1.42%
- Last close
- $47.02 (as of 2026-10-16)
- AUM
- $688,507,041
- Average volume
- 12600.0
- Dividend
- $0.438
- Ex-dividend date
- 09/28/2026
- Payment date
- 09/30/2026
- Beta
- 0.89
How Dividend Vision calculates yield and returns
Distribution rate (0.25%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.42%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Bushido; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
SMRI risks and drawbacks
SMRI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 8.7%.
Who may consider SMRI — and who may not
It is a weaker fit for investors who need monthly cash flow (SMRI pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on SMRI
Frequently asked questions
Does SMRI pay monthly?
No. SMRI currently pays quarterly, not monthly.
What is SMRI's expense ratio?
SMRI's expense ratio is 0.71%.
How has SMRI's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +2.8%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does SMRI pay a dividend?
SMRI pays quarterly. The dividend amount is $0.438. The ex-dividend date is 09/28/2026. The payment date is 09/30/2026.
How has SMRI performed?
Total return is 93.7% over the past 3.1 years, 17.3 points ahead of SPY at 76.4%. Over the past year its total return — price change plus distributions reinvested — is 40.6%. Its deepest 1-year drawdown was 8.7%.
Is SMRI a good investment?
SMRI's Dividend Vision Distribution Safety Score is 63 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 0.25% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Bushido.
Tickers
Holdings as-of date unavailable.
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