# McElhenny Sheffield Managed Risk ETF (MSMR) — Overview

MSMR · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/msmr

## Price

Last close $34.72 on Oct 15, 2026. 52-week range $33.68 – $37.52.

## Fund profile

MSMR uses a combination of trend-based and sector rotation strategies that enable the fund to toggle exposure between equity and defensive ETFs based on various market indicators. The fund is actively managed.

| Metric | Value |
| --- | --- |
| Issuer | Aptus Capital Advisors, LLC |
| Industry | — |
| Inception | Nov 16, 2021 |
| Assets under management | $179.9M |
| Expense ratio | 1.06% |
| Net asset value | $34.59 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is McElhenny Sheffield Managed Risk ETF (MSMR)?

MSMR uses a combination of trend-based and sector rotation strategies that enable the fund to toggle exposure between equity and defensive ETFs based on various market indicators. The fund is actively managed.

### What is MSMR's expense ratio?

McElhenny Sheffield Managed Risk ETF charges an annual expense ratio of 1.06%. The fund is issued by Aptus Capital Advisors, LLC.

### How large is MSMR?

McElhenny Sheffield Managed Risk ETF manages $179.9M in assets and has traded since Nov 16, 2021.

### How do I buy shares of McElhenny Sheffield Managed Risk ETF (MSMR)?

MSMR trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).