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AAEQ

GradeBNASDAQ Global Market

Alpha Architect US Equity 2 ETF

Broad Stock Market · Alpha Architect · Inception 2025-12-09 · SEC filings

$55.19−0.34 (−0.61%)

As of Sep 23, 2026, 12:16 PM EDT

History starts Dec 12, 2025.History starts Dec 12, 2025.
Intraday session: down, 4 prints from 55.53 to 55.19. Range 55.16 to 55.48. Use the arrow keys to read each point.$55.30$55.40$55.5010 AM12 PM2 PM4 PM
Expense ratio
0.09%
Fund size
$517M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$55.53
52W range
low $45.01high $55.54

The ETF.net AAEQ Grade

B

63/ 100

Rank 4 of 8 in US Stocks⁠

Confidence Medium

Six-pillar profile for AAEQ. Scores out of 100: Cost 64, Risk 54, Mission 98, Tradability 42, Holdings 44, Durability 30. Strongest: Mission (98). Weakest: Durability (30). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 64
    Category rank2/8 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 98
    Category rank4/5 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank6/8 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank6/8 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank6/8 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 30
    Category rank7/8 · bottom quartile

Graded as of Sep 22, 2026

Our read on AAEQ

ETF.net Research

BPlain US beta with a size floor: market-cap-weighted exposure to American stocks worth at least $1 billion, for 0.09% a year. It launched in December 2025, so the strategy is old-fashioned but the fund itself is brand new.

Stated mandate

The Fund seeks long-term capital appreciation through broadly diversified exposure to the U.S. stock market, using market-cap-weighted exposure to U.S. stocks with market capitalization of at least $1 billion.

Why people hold it

  1. 010.09% a year, under half what the typical fund in its peer group charges.
  2. 02Boring by design: market-cap weighting, no stock picking, and a $1 billion size floor that screens out the market's smallest names.funds.alphaarchitect.com
  3. 03The stated mandate is broad diversification across the US market, not a concentrated wager on a handful of names or one sector.funds.alphaarchitect.com

Worth knowing

  1. 01Trading is thin, so spreads can run wider than at the category's household names. How you place the order matters more here.
  2. 02It opened in December 2025, so there is little live history on how closely it tracks or how it handles a real drawdown.
  3. 03Cheap, but not the cheapest shelf in the aisle: ILCB covers broad US equity at 0.03%.

AAEQ Holdings

As of Sep 22, 2026, 10:46 PM
Asset class
Stocks
Holdings
—
Top-10 weight
42%
Largest holding
NVDA7.7%

Sectors

  • Technology38.9%
  • Financials12.3%
  • Communication9.6%
  • Health Care9.1%
  • Consumer Discr.8.9%
  • Industrials7.9%
  • Cons. Staples4.3%
  • Energy3.8%
  • Utilities1.8%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States97.64%
  • Ireland1.17%
  • United Kingdom0.39%
  • Switzerland0.33%
  • Singapore0.30%
  • Netherlands0.10%
  • Bermuda0.07%
The fund’s holdings, weight-ordered — page 1 of 20.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp7.65%174,010$40M828
002AAPLApple Inc6.67%101,728$34M707
003MSFTMicrosoft Corp4.89%50,394$25M792
004SPYMState Street SPDR Portfolio S&P 500 ETF4.78%271,586$25M25
005IVViShares Core S&P 500 ETF4.77%31,731$25M54
006AMZNAmazon.com Inc3.46%69,151$18M720
007GOOGLAlphabet Inc2.70%39,405$14M704
008AVGOBroadcom Inc2.41%34,427$12M732
009GOOGAlphabet Inc2.16%31,811$11M471
010METAMeta Platforms Inc2.10%14,637$11M683
011MUMicron Technology Inc1.69%8,362$9M655
012AMDAdvanced Micro Devices Inc1.44%12,096$7M618
013TSLATesla Inc1.42%19,554$7M509
014JPMJPMORGAN CHASE & CO.1.31%19,249$7M478
015LLYEli Lilly & Co1.25%5,574$6M569

Showing 1–15 of 287 holdings

AAEQ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AAEQ$11,256
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. AAEQ $11,256. SPY $11,430. Use the arrow keys to read each point.$8,981$10,316$11,652Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AAEQ. Periods over one year show the average yearly return.
PeriodAAEQ
Year to date+12.6%
1 month+1.7%
3 months+4.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AAEQ
YearReturn barAAEQ
2026 YTD+12.6%
2025−0.3%

History from Dec 12, 2025

AAEQ in the news

ETF.net Research hasn’t filed on AAEQ yet — coverage lands here as it’s written.

AAEQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.05. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.05

AAEQ Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.99
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AAEQ Cost

Expense ratio0.09%
  • The middle half of US Stocks funds
  • Median 0.10%

1 of the 8 US Stocks funds charge less.

AAEQ costs $9.00 a year on $10,000. The median US Stocks fund costs $9.50.