QVAL

Alpha Architect U.S. Quantitative Value ETF

ValueShares US Quantitative Value ETF is an exchange-traded fund incorporated in the USA. This is an actively managed ETF and does not track an index. The ETF holds mid to large-cap US stocks and will invest in approximately 50 of the top U.S. equity securities as determined by its quantitative value system. The ETF weights the holdings equally and follows a quarterly rebalance schedule.


Active, Semi-Diverse

MANAGEMENT MATRIX

COWZ

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorAlpha Architect LLC
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateOct 22, 2014
Assets (mns)$188
Expense ratio49 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PBF ENERGY INC-CLASS A 2.7 %
PEABODY ENERGY CORPORATION 2.4 %
HF SINCLAIR CORPORATION 2.3 %
DELEK US HOLDINGS INC 2.2 %
MARATHON PETROLEUM 2.2 %
VALERO ENERGY CORP 2.2 %
LENNAR CORP-CL A 2.1 %
SKYLINE CORP 2.1 %
CVR ENERGY INC 2.1 %
NVR INC 2.1 %
Constituent Breakdown
Number of holdings50
Herfindahl-Hirschman Index 200
Wgt avg mkt cap (mns)$17,022
Large cap (>$10bn)47.3%
Mid cap ($2-10bn)48.3%
Small cap (<$2bn)2.1%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.7 %
CANADA 2.0 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-12.2% -8.6% 17.2% 9.2% 6.6% -- 4.5%
Market Correlations
versus...BetaR-squared
S&P 5001.2776%
MSCI EAFE1.3379%
MSCI Emg Mkts1.1259%
Liquidity Measures
Avg. volume (000)26
Turnover0.4%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$10,725
Technical Indicators
Recent close$29.20
30d moving avg.$31.69
Annualized volatility28.1%
Relative strength (RSI)32
Short interest (ETF)0.0%
Short interest (underlying)6.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: QVAL vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.5 5.7 1.2 2.4% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
QVAL



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

QVAL

15.0%

Cat. Avg

7.4%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™15.0%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 875 funds in the US Equities category, with an average ALTAR Score™ of 7.4% and a standard deviation of 3.2%. QVAL's ALTAR Score™ is approximately 2.4 standard deviations above the category average. This places QVAL in the 99th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QVAL
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QVAL 49.0 14.0 63
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.