IVAL
Alpha Architect International Quantitative Value ETFIVAL 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 October 17, 2018 the Alpha Architect International Quantitative Value ETF MSCI ESG Fund Quality Score is 5.80 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 91st 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
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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 Tradability
IVAL Sector/Industry Breakdown
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IVAL TOP 10 HOLDINGS[View All]
IVAL Countries
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IVAL Regions
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IVAL Economic Development
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IVAL Performance Statistics
IVAL MSCI ESG Ratings
IVAL BENCHMARK COMPARISON SUMMARY
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IVAL BENCHMARK COMPARISON MARKET CAP SIZE
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.