Argent Mid Cap ETF

Argent Mid Cap ETF (AMID) is an actively managed fund that picks mostly US mid-sized companies it judges to be high quality. Its goal is to beat the Russell Midcap Index over the long term. A mid-cap index fund holds hundreds of stocks; AMID held just 46 as of August 31, 2026. They are chosen with Argent Capital Management's 25-factor scoring model and its own company research, and the fund charges 0.52% a year.

• Over the year to Oct 27, 2026, AMID returned +5.7%.
• Its worst full calendar year was 2025 (-1.4%); its best was 2023 (+31.3%).
• The deepest fall in its price history was 23.3% (Nov 25, 2024 to Apr 8, 2025), recovered by Aug 12, 2026.

As of Aug 31, 2026, the fund held 46 securities; the ten largest made up 31.66% of assets.

• Over the three months to Aug 31, 2026, investors added a net $5.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +4.95%, -1.71%, +1.92%.

AMID is actively managed. That means a team picks the stocks rather than copying an index. Argent Capital Management, the fund's sub-adviser, starts with about 1,500 companies whose market values fall within the Russell Midcap Index range ($132 million to $94 billion). It drops stocks that trade less than $8 million a day, which leaves about 1,200, and sorts the rest by sector.

Next, the proprietary Argent Alpha Model scores each stock from 1 to 10 using 25 factors in four groups. Value asks whether a stock is cheap compared with its sector. Growth measures how fast sales, earnings and cash flow are rising. Quality looks at earnings, the balance sheet and how well management uses capital. Stability includes measures such as cash compared with market value. The team finds the factors that are working in each sector and adds its own research. That narrows the list to about 120 candidates. The portfolio held 46 stocks as of August 31, 2026.

Sector weights come out of the stock picking, so the fund can lean heavily toward some sectors. Model changes usually happen monthly, or sooner after major events. A stock is usually sold when its fundamentals or score weaken, or when a better idea comes along. The manager says it does not expect high turnover, yet the prospectus reports turnover of 58%.

• AMID charges 0.52% a year.
• Using the prospectus's standard example, $10,000 invested would cost about $53 in the first year and $653 over 10 years (assuming a 5% annual return).

It is a concentrated, actively managed mid-cap stock fund with a short record, so it fits better alongside a broad core holding than as the core itself.

AMID could add mid-sized companies such as Victory Capital, Comfort Systems USA and Medpace, which large-cap funds hold little of. Its history is short. The fund did not exist in 2008 or 2020, and its price record starts in October 2022, after the 2022 bear market low. Its worst calendar year was 2025, at -1.42%. Its deepest drop was 23.3%, from November 25, 2024 to April 8, 2025. It took about 16 months, until August 12, 2026, to recover. Someone selling shares for income during a drop like that would be selling at lower prices. The yield was 0.32% as of October 27, 2026, paid once a year. Costs are 0.52% a year, or $653 over 10 years in the SEC's standard $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.

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