AlphaMark Actively Managed Small Cap ETF [SMCP]

SMCP doesn't try to represent the global small-cap market, it tries to beat it. Its an actively-managed fund-of-funds that uses other ETFs to make bets on small-caps in specific countries, regions, sectors, or styles (i.e., growth or value). SMCP has historically made large active bets toward US growth stocks, butlike any actively managed fundholdings can change on a dime. Note that our reported expense ratio includes the cost of underlying funds. The objective of the fund is to provide less volatility for interested investors then holding individual small-cap stocks in the same space. Prior to January 9, 2019, the fund held small-cap stocks directly, selected based on fundamental metrics.