Key stats
About Bushido Capital US SMID Cap Equity ETF
Home page
Inception date
May 14, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Empowered Funds LLC
Distributor
Pine Distributors LLC
Identifiers
3
ISIN US02072Q6558
RNIN utilizes a systematic, fundamental value approach in selecting 100 small- to mid-cap stocks. The actively managed ETF identifies undervalued stocks using free cash flow and earnings-based valuation metrics. The strategy combines quantitative and qualitative analyses to adapt to various economic conditions throughout a full market cycle. The fund screens US-listed small- and mid-cap companies while excluding financial firms and unprofitable businesses. The process further narrows companies down to about 200 based on profitability, valuation, and capital allocation metrics. Companies are evaluated using financial statements, event transcripts, investor presentations, and other filings. Combined with its qualitative analysis, a discounted cash flow valuation is used to quantify a companys intrinsic value. The fund finally selects stocks identified to have attractive prices relative to the market. The fund may invest in other ETFs.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Energy Minerals
Technology Services
Health Technology
Producer Manufacturing
Stocks99.92%
Energy Minerals17.75%
Technology Services12.86%
Health Technology10.55%
Producer Manufacturing10.25%
Retail Trade8.59%
Consumer Durables6.63%
Consumer Services4.75%
Process Industries4.34%
Non-Energy Minerals4.25%
Distribution Services4.03%
Health Services3.94%
Consumer Non-Durables3.67%
Finance2.49%
Transportation1.97%
Industrial Services1.39%
Miscellaneous1.35%
Electronic Technology1.11%
Bonds, Cash & Other0.08%
Mutual fund0.05%
Cash0.03%
Stock breakdown by region
North America94.81%
Europe5.19%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RNIN invests in stocks. The fund's major sectors are Energy Minerals, with 17.75% stocks, and Technology Services, with 12.86% of the basket. The assets are mostly located in the North America region.
RNIN top holdings are SM Energy Company and Bunge Global SA, occupying 2.59% and 1.60% of the portfolio correspondingly.
RNIN last dividends amounted to 0.13 USD. The quarter before, the issuer paid 0.07 USD in dividends, which shows a 47.74% increase.
RNIN assets under management is 130.99 M USD. It's risen 1.77% over the last month.
RNIN fund flows account for 31.65 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RNIN pays dividends to its holders with the dividend yield of 0.69%. The last dividend (Dec 24, 2025) amounted to 0.13 USD. The dividends are paid quarterly.
RNIN shares are issued by Empirical Finance LLC under the brand Bushido. The ETF was launched on May 14, 2025, and its management style is Active.
RNIN expense ratio is 0.68% meaning you'd have to pay 0.68% of your investment to help manage the fund.
RNIN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RNIN invests in stocks.
RNIN price has risen by 0.84% over the last month, and its yearly performance shows a 12.78% increase. See more dynamics on RNIN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.10% over the last month, showed a 6.73% increase in three-month performance and has increased by 3.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.10% over the last month, showed a 6.73% increase in three-month performance and has increased by 3.97% in a year.
RNIN trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.