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About Alpha Architect International Quantitative Value ETF
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Inception date
Dec 17, 2014
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
2
ISIN:US02072L2016
IVAL cuts down the developed ex-US equity market to a concentrated portfolio of stocks that meet its eligibility screens. The fund uses a single metric EV/EBIT to select approximately 40-50 securities of its universe with additional screens for competitive advantage and financial strength, assessed using a number of financial-statement-derived metrics. Additionally, the fund uses a proprietary forensic accounting model to screen out companies that may be attempting to disguise low-quality cash flows. Selected securities are weighted equally at each quarterly reconstitution. IVAL launched as an actively managed fund but began tracking a new homegrown index in January 2017. On January 31, 2022, the fund switched back to being actively managed. These changes did not significantly alter the funds strategy or holdings.
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
Non-Energy Minerals
Producer Manufacturing
Transportation
Stocks99.17%
Non-Energy Minerals19.90%
Producer Manufacturing18.28%
Transportation15.60%
Energy Minerals9.81%
Consumer Durables7.82%
Process Industries5.90%
Consumer Non-Durables4.00%
Consumer Services3.98%
Communications3.86%
Health Technology2.09%
Electronic Technology2.00%
Retail Trade2.00%
Finance1.98%
Industrial Services1.95%
Bonds, Cash & Other0.83%
Cash0.42%
Mutual fund0.41%
Stock breakdown by region
Asia46.35%
Europe35.32%
Oceania16.34%
Middle East1.99%
North America0.00%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IVAL invests in stocks. The fund's major sectors are Non-Energy Minerals, with 19.90% stocks, and Producer Manufacturing, with 18.28% of the basket. The assets are mostly located in the Asia region.
IVAL top holdings are NGK Insulators, Ltd. and Whitehaven Coal Limited, occupying 2.19% and 2.17% of the portfolio correspondingly.
IVAL last dividends amounted to 0.11 USD. The quarter before, the issuer paid 0.40 USD in dividends, which shows a 272.19% decrease.
IVAL assets under management is 177.79 M USD. It's risen 0.21% over the last month.
IVAL fund flows account for 8.94 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, IVAL pays dividends to its holders with the dividend yield of 2.62%. The last dividend (Sep 15, 2025) amounted to 0.11 USD. The dividends are paid quarterly.
IVAL shares are issued by Empirical Finance LLC under the brand Alpha Architect. The ETF was launched on Dec 17, 2014, and its management style is Active.
IVAL expense ratio is 0.39% meaning you'd have to pay 0.39% of your investment to help manage the fund.
IVAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IVAL invests in stocks.
IVAL price has risen by 2.00% over the last month, and its yearly performance shows a 25.08% increase. See more dynamics on IVAL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.95% over the last month, showed a 2.00% increase in three-month performance and has increased by 28.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.95% over the last month, showed a 2.00% increase in three-month performance and has increased by 28.47% in a year.
IVAL trades at a premium (0.29%) meaning the ETF is trading at a higher price than the calculated NAV.