IVALAlpha Architect International Quantitative Value ETF
IVAL Fund Description
The Alpha Architect International Quantitative Value ETF tracks an equal-weighted index of developed-market ex-US value stocks, with screens for forensic accounting and earnings quality.
IVAL Factset Analytics Insight
IVAL whittles down the developed ex-US equity market to a relative handful of stocks that meet its stringent screens. The fund uses a single metric—EV/EBIT—to select the cheapest 10% 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. The few dozen holdings that emerge from this process are weighted equally. IVAL launched as an actively managed fund but began tracking a new homegrown index in January 2017, a change which did not significantly alter the fund’s strategy or holdings. Also unchanged is IVAL’s fee, which may be hard to justify for an index-tracking fund, and which is significantly more expensive than competitors. Lukewarm trading further increases round-trip costs for IVAL.
IVAL MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 14, 2018 the Alpha Architect International Quantitative Value ETF MSCI ESG Fund Quality Score is 5.75 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. IVAL ranks in the 93th percentile within its peer group and in the 61st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
IVAL CHARTS AND PERFORMANCE
IVAL Top 10 Countries
IVAL Top 10 Sectors
IVAL Top 10 Holdings [View All]
IVAL Summary Data
IVAL Portfolio Data
IVAL Index Data
IVAL Portfolio Management
IVAL Tax Exposures
IVAL Fund Structure
IVAL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IVAL. IVAL is rated a 4 out of 5.
IVAL Sector/Industry Breakdown
IVAL TOP 10 HOLDINGS[View All]
IVAL Economic Development
IVAL Performance Statistics
IVAL MSCI ESG Ratings
IVAL BENCHMARK COMPARISON SUMMARY
IVAL BENCHMARK COMPARISON MARKET CAP SIZE