QVAL

Alpha Architect US 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.


US

EQUITY

Active

MANAGEMENT STYLE

388.6 M

ASSETS UNDER MGMT

39 bp

EXPENSES
Fund Basics
Fund sponsorAlpha Architect LLC
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 22, 2014
Assets (mns)$389
Expense ratio39 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  + 
URBAN OUTFITTERS INC 2.5 %
WILLIAMS-SONOMA INC 2.4 %
TAPESTRY, INC. 2.4 %
UNITED CONTINENTAL HOLDINGS 2.3 %
TECHNIPFMC PLC 2.3 %
BAKER HUGHES COMPANY CLASS A 2.2 %
ALTRIA GROUP INC 2.2 %
K12 INC 2.1 %
GATES INDUSTRIAL CORPORATION PLC 2.1 %
FOX CORPORATION CLASS A 2.1 %
Constituent Breakdown
Number of holdings50
Herfindahl-Hirschman Index 201
Wgt avg mkt cap (mns)$33,157
Large cap (>$10bn)72.0%
Mid cap ($2-10bn)28.1%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 89.6 %
BRITAIN 6.2 %
BERMUDA 2.0 %
SWITZERLAND 2.0 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 19.0% 28.4% 18.4% 12.2% 11.7% 8.0% 8.0%
Volatility 14.9% 16.0% 19.7% 23.6% 27.3% 22.7% --
Market Correlations
versus...BetaR-squared
S&P 5001.0967%
MSCI EAFE1.0662%
MSCI Emg Mkts0.6523%
Liquidity Measures
Avg. volume (000)12
Turnover0.1%
Avg. Bid/Ask (% of price)0.14%
ADV of underlying (mns)$11,537
Technical Indicators
Recent close$46.60
30d moving avg.$45.70
Annualized volatility23.5%
Relative strength (RSI)48
Short interest (ETF)0.3%
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
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
0.9 11.3 2.1 1.8% --
Based on closing prices from 12/9/2024
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 Rating

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.

ALTAR Score™

QVAL

9.3%

Cat. Avg

5.4%


ALTAR Score™ Calculation

Category Overview
There are 978 funds in the US Equity category, with an average ALTAR Score™ of 5.4% and a standard deviation of 2.5%. QVAL's ALTAR Score™ is approximately 1.6 standard deviations above the category average. This places QVAL in the 95th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

QVAL
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
QVAL (39 bp) Percentile rank 23
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QVAL 39.0 13.7 52.7
Peer Avg. 57.3 24.1 81.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .