QVAL: U.S. Quantitative Value ETF
Systematic
The strategy stock selection algorithm is fully automated.
Focused
The stock selection process identifies a portfolio that generally holds 50 stocks.
Value
The strategy seeks to invest in the cheapest, highest quality value stocks.
Fund Overview
| As of Date |
|---|
| 08/19/2022 |
| Ticker | Index Ticker | CUSIP | Inception | Expense Ratio | Premium / Discount | AUM ($mm) | Shares |
|---|---|---|---|---|---|---|---|
| QVAL | 02072L102 | 10/22/2014 | 0.49 | -0.07% | 218.50 | 6,340,000 |
| NAV | Change ($) | Change (%) |
|---|---|---|
| 34.46 | -0.73 | -2.06 |
| Market Price | Change ($) | Change (%) |
|---|---|---|
| 34.44 | -0.75 | -2.13 |
| Period |
|---|
| 12/31/2021 |
Completed Calendar Quarters of Current Year
| Year | Quarter | Days Traded at Premium | Days Traded at Discount |
|---|---|---|---|
| 2022 | 1 | 22 | 39 |
| 2022 | 2 | 22 | 40 |
Most Recent Completed Calendar Year
| Days Traded at Premium | Days Traded at Discount |
|---|---|
| 155 | 87 |
| As of Date | 30-Day Median Bid/Ask Spread |
|---|---|
| 08/18/2022 | 0.13 |
Fund Performance
Monthly End Performance (%)
| As of Date |
|---|
| 07/31/2022 |
| Fund_Ticker | Type | YTD | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | Since Inception | Date |
|---|---|---|---|---|---|---|---|---|---|---|
| QVAL | MKT | -9.16 | 12.14 | -3.74 | -3.69 | -2.00 | 7.61 | 7.17 | 5.43 | |
| QVAL | NAV | -8.97 | 11.94 | -3.89 | -3.67 | -1.99 | 7.64 | 7.20 | 5.43 |
Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
Quarterly End Performance (%)
| As of Date |
|---|
| 06/30/2022 |
| Fund_Ticker | Type | YTD | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year | 5 Year | Since Inception | Date |
|---|---|---|---|---|---|---|---|---|---|---|
| QVAL | MKT | -19.00 | -16.64 | -17.80 | -19.00 | -11.50 | 4.04 | 4.95 | 3.93 | |
| QVAL | NAV | -18.68 | -16.31 | -17.51 | -18.68 | -11.20 | 4.09 | 5.04 | 3.95 |
Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
Fund Holdings
| Effective Date |
|---|
| 08/22/2022 |
| Ticker | Name | CUSIP | Shares | Price (Local) | Market Value ($mm) | % of Net Assets |
|---|---|---|---|---|---|---|
| AA | ALCOA CORP | 013872106 | 78,253 | 51.01 | 3.99 | 1.83 |
| APA | APA CORPORATION | 03743Q108 | 92,642 | 36.15 | 3.35 | 1.53 |
| ARCB | ARCBEST CORP | 03937C105 | 55,552 | 90.00 | 5.00 | 2.29 |
| ARCH | ARCH RESOURCES INC | 03940R107 | 24,976 | 161.97 | 4.05 | 1.85 |
| ARW | ARROW ELECTRS INC | 042735100 | 36,813 | 112.71 | 4.15 | 1.90 |
| AN | AUTONATION INC | 05329W102 | 36,318 | 125.58 | 4.56 | 2.09 |
| AVT | AVNET INC | 053807103 | 93,658 | 45.05 | 4.22 | 1.93 |
| HRB | BLOCK H & R INC | 093671105 | 117,570 | 47.75 | 5.61 | 2.57 |
| BCC | BOISE CASCADE CO DEL | 09739D100 | 60,907 | 71.44 | 4.35 | 1.99 |
| BLDR | BUILDERS FIRSTSOURCE INC | 12008R107 | 76,194 | 66.32 | 5.05 | 2.31 |
| CF | CF INDS HLDGS INC | 125269100 | 44,379 | 103.50 | 4.59 | 2.10 |
| CLF | CLEVELAND-CLIFFS INC NEW | 185899101 | 228,449 | 17.79 | 4.06 | 1.86 |
| CRK | COMSTOCK RES INC | 205768302 | 259,319 | 18.48 | 4.79 | 2.19 |
| DKS | DICKS SPORTING GOODS INC | 253393102 | 54,671 | 111.05 | 6.07 | 2.78 |
| DDS | DILLARDS INC | 254067101 | 14,220 | 320.63 | 4.56 | 2.09 |
| DOW | DOW INC | 260557103 | 70,276 | 55.49 | 3.90 | 1.78 |
| FCX | FREEPORT-MCMORAN INC | 35671D857 | 113,357 | 30.45 | 3.45 | 1.58 |
| HPQ | HP INC | 40434L105 | 119,840 | 34.23 | 4.10 | 1.88 |
| HUN | HUNTSMAN CORP | 447011107 | 137,395 | 30.63 | 4.21 | 1.93 |
| KNX | KNIGHT-SWIFT TRANSN HLDGS INC CL A | 499049104 | 86,942 | 55.47 | 4.82 | 2.21 |
| KLIC | KULICKE & SOFFA INDS INC | 501242101 | 89,867 | 47.48 | 4.27 | 1.95 |
| LEN | LENNAR CORP | 526057104 | 60,494 | 83.84 | 5.07 | 2.32 |
| LPX | LOUISIANA PAC CORP | 546347105 | 72,117 | 58.17 | 4.20 | 1.92 |
| M | MACYS INC | 55616P104 | 197,065 | 19.40 | 3.82 | 1.75 |
| MGY | MAGNOLIA OIL & GAS CORP | 559663109 | 149,403 | 23.77 | 3.55 | 1.63 |
| MATX | MATSON INC | 57686G105 | 53,219 | 82.16 | 4.37 | 2.00 |
| MU | MICRON TECHNOLOGY INC | 595112103 | 70,629 | 60.51 | 4.27 | 1.96 |
| MRNA | MODERNA INC | 60770K107 | 31,069 | 146.10 | 4.54 | 2.08 |
| MOS | MOSAIC CO NEW | 61945C103 | 76,371 | 53.52 | 4.09 | 1.87 |
| NRG | NRG ENERGY INC | 629377508 | 107,346 | 42.95 | 4.61 | 2.11 |
| NUE | NUCOR CORP | 670346105 | 34,536 | 138.17 | 4.77 | 2.18 |
| OLN | OLIN CORP | 680665205 | 79,033 | 56.62 | 4.47 | 2.05 |
| PVH | PVH CORPORATION | 693656100 | 66,486 | 67.50 | 4.49 | 2.05 |
| PAG | PENSKE AUTOMOTIVE GRP INC | 70959W103 | 37,522 | 119.61 | 4.49 | 2.05 |
| PHM | PULTE GROUP INC | 745867101 | 107,043 | 42.31 | 4.53 | 2.07 |
| REGN | REGENERON PHARMACEUTICALS | 75886F107 | 6,836 | 618.36 | 4.23 | 1.93 |
| RS | RELIANCE STEEL & ALUMINUM CO COM | 759509102 | 23,078 | 191.68 | 4.42 | 2.02 |
| STLD | STEEL DYNAMICS INC | 858119100 | 55,207 | 81.80 | 4.52 | 2.07 |
| THC | TENET HEALTHCARE CORP | 88033G407 | 72,407 | 63.16 | 4.57 | 2.09 |
| THO | THOR INDS INC | 885160101 | 54,529 | 90.32 | 4.93 | 2.25 |
| TSN | TYSON FOODS INC | 902494103 | 47,393 | 81.75 | 3.87 | 1.77 |
| X | UNITED STATES STL CORP NEW | 912909108 | 190,881 | 23.14 | 4.42 | 2.02 |
| UTHR | UNITED THERAPEUTICS CORP DEL COM | 91307C102 | 17,907 | 224.44 | 4.02 | 1.84 |
| VSCO | VICTORIAS SECRET AND CO | 926400102 | 118,873 | 39.85 | 4.74 | 2.17 |
| VSTO | VISTA OUTDOOR INC | 928377100 | 121,151 | 30.87 | 3.74 | 1.71 |
| HCC | WARRIOR MET COAL INC | 93627C101 | 114,325 | 34.62 | 3.96 | 1.81 |
| WDC | WESTERN DIGITAL CORP. | 958102105 | 84,762 | 47.67 | 4.04 | 1.85 |
| WU | WESTERN UN CO | 959802109 | 252,596 | 16.43 | 4.15 | 1.90 |
| WLK | WESTLAKE CORPORATION | 960413102 | 38,295 | 104.65 | 4.01 | 1.83 |
| Cash&Other | Cash & Other | 620,614 | 1.00 | 0.62 | 0.28 | |
| LYB | LYONDELLBASELL INDUSTRIES N V SHS - A - | N53745100 | 42,865 | 89.26 | 3.83 | 1.75 |
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Fund Distributions
| Ex Date | Record Date | Payable Date | Income | Short Term Capital Gain | Long Term Capital Gain | Total Capital Gain | Total Distro |
|---|---|---|---|---|---|---|---|
| 12/29/2014 | 12/31/2014 | 01/05/2015 | 0.0400 | 0.0400 | |||
| 03/30/2015 | 04/01/2015 | 04/06/2015 | 0.0680 | 0.0680 | |||
| 06/29/2015 | 07/01/2015 | 07/06/2015 | 0.0600 | 0.0600 | |||
| 09/28/2015 | 09/30/2015 | 10/05/2015 | 0.0780 | 0.0780 | |||
| 12/28/2015 | 12/30/2015 | 01/04/2016 | 0.0976 | 0.0976 | |||
| 03/21/2016 | 03/23/2016 | 03/28/2016 | 0.0930 | 0.0930 | |||
| 06/20/2016 | 06/22/2016 | 06/27/2016 | 0.0590 | 0.0590 | |||
| 09/19/2016 | 09/21/2016 | 09/26/2016 | 0.0840 | 0.0840 | |||
| 12/28/2016 | 12/30/2016 | 01/04/2016 | 0.0860 | 0.0860 | |||
| 03/20/2017 | 03/22/2017 | 03/27/2017 | 0.0674 | 0.0674 | |||
| 06/19/2017 | 06/21/2017 | 06/26/2017 | 0.0800 | 0.0800 | |||
| 09/18/2017 | 09/19/2017 | 09/25/2017 | 0.0720 | 0.0720 | |||
| 12/27/2017 | 12/28/2017 | 01/03/2018 | 0.1110 | 0.1110 | |||
| 03/19/2018 | 03/20/2018 | 03/26/2018 | 0.0543 | 0.0543 | |||
| 06/18/2018 | 06/19/2018 | 06/25/2018 | 0.0970 | 0.0970 | |||
| 09/17/2018 | 09/18/2018 | 09/24/2018 | 0.0798 | 0.0798 | |||
| 12/27/2018 | 12/28/2018 | 01/07/2019 | 0.1800 | 0.1800 | |||
| 03/18/2019 | 03/19/2019 | 03/25/2019 | 0.0853 | 0.0853 | |||
| 06/17/2019 | 06/18/2019 | 06/24/2019 | 0.1458 | 0.1458 | |||
| 09/16/2019 | 09/17/2019 | 09/23/2019 | 0.1261 | 0.1261 | |||
| 12/30/2019 | 12/31/2019 | 01/06/2020 | 0.2484 | 0.2484 | |||
| 03/16/2020 | 03/17/2020 | 03/23/2020 | 0.0719 | 0.0719 | |||
| 06/15/2020 | 06/16/2020 | 06/22/2020 | 0.1251 | 0.1251 | |||
| 09/14/2020 | 09/15/2020 | 09/21/2020 | 0.0546 | 0.0546 | |||
| 12/30/2020 | 12/31/2020 | 01/05/2021 | 0.2705 | 0.2705 | |||
| 03/15/2021 | 03/16/2021 | 03/22/2021 | 0.0952 | 0.0952 | |||
| 06/14/2021 | 06/15/2021 | 06/21/2021 | 0.0393 | 0.0393 | |||
| 09/13/2021 | 09/14/2021 | 09/20/2021 | 0.0443 | 0.0443 | |||
| 12/30/2021 | 12/31/2021 | 01/05/2022 | 0.2770 | 0.2770 | |||
| 03/14/2022 | 03/15/2022 | 03/21/2022 | 0.0580 | 0.0580 | |||
| 06/13/2022 | 06/14/2022 | 06/21/2022 | 0.2022 | 0.2022 |