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AAVM

GradeBNASDAQ Global Market

Alpha Architect Global Factor Equity ETF

Active Equity · Alpha Architect · Inception 2017-05-01 · SEC filings

$33.73−0.32 (−0.93%)

As of Sep 23, 2026, 3:09 PM EDT

Intraday session: down, 67 prints from 34.04 to 33.73. Range 33.67 to 33.91. Use the arrow keys to read each point.$33.80$33.9010 AM12 PM2 PM4 PM
Expense ratio
0.38%
Fund size
$26M
1Y return
+20.6%
Yield · Last 12 months
1.78%
Holdings
6
Volume · 30D
0M sh
NAV per share
$33.93
52W range
low $27.98high $35.01

The ETF.net AAVM Grade

B

58/ 100

Rank 16 of 44 in Global Active Equity⁠

Confidence Medium

Six-pillar profile for AAVM. Scores out of 100: Cost 84, Risk 42, Mission not scored, Tradability 42, Holdings 28, Durability 61. Strongest: Cost (84). Weakest: Holdings (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 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.
    AScore 84
    Category rank8/44 · top 18%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank30/42 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank28/44 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 28
    Category rank43/43 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 61
    Category rank22/44 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AAVM

ETF.net Research

BFour Alpha Architect quant sleeves in one ticker: the cheapest stocks and the strongest-momentum stocks, US and developed international. Active global factor exposure at 0.38% a year.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Charges 0.38% a year, below the typical fee among actively managed global equity funds in its peer group.
  2. 02A fund-of-funds wrapper: US value, US momentum, international value and international momentum, bought in one trade instead of four.funds.alphaarchitect.comsec.gov
  3. 03Targets the cheap end and the momentum leaders of developed markets rather than a watered-down tilt, and rebalances often to keep that exposure on.funds.alphaarchitect.com
  4. 04Trading since 2017, so the strategy has a live record, and it sits in the upper half of its active global equity cohort.

Worth knowing

  1. 01Small fund, thin volume. Spreads can be wide, so patient limit orders matter more here than with a mega-cap index fund.
  2. 02Concentrated by design: the sleeves hold a short list of names, so returns can diverge sharply from a global index in either direction.sec.gov
  3. 03Cash comes once or twice a year, not monthly. The mandate is long-term capital appreciation, not an income stream.

AAVM Holdings

As of Sep 16, 2026, 6:06 AM
Asset class
Stocks
Holdings
6
Top-10 weight
100%
Largest holding
QVAL30.4%

Sectors

  • Industrials17.0%
  • Health Care14.1%
  • Technology13.3%
  • Consumer Discr.13.1%
  • Energy13.0%
  • Materials12.3%
  • Communication6.0%
  • Cons. Staples4.4%
  • Financials3.7%
  • Utilities2.2%
  • Real Estate0.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001QVALAlpha Architect US Quantitative Value ETF30.40%132,117$8M2
002IVALAlpha Architect International Quantitative Value ETF27.83%198,635$7M2
003IMOMAlpha Architect International Quantitative Momentum ETF22.23%146,749$6M2
004QMOMAlpha Architect US Quantitative Momentum ETF19.36%71,117$5M2
005—First American Government Obligations Fund 12/01/20310.19%53,339$50K625

Showing 1–5 of 5 holdings

AAVM Performance

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

AAVM$12,061
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AAVM $12,061. SPY $11,723. Use the arrow keys to read each point.$9,303$10,955$12,607Sep 2025Mar 2026Sep 2026

Sep 22, 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 AAVM. Periods over one year show the average yearly return.
PeriodAAVM
Year to date+15.3%
1 month−2.1%
3 months−0.8%
1 year+20.6%
3 years+18.2%per year
5 years+6.5%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 AAVM
YearReturn barAAVM
2026 YTD+15.3%
2025+18.5%
2024+12.1%
2023−0.7%
2022−7.0%
2021+3.5%
2020+4.7%

AAVM in the news

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

AAVM 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.
1.78%Last 12 months
Payout per share
$0.61Last 12 months
Last payment
$0.61 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 14 payments from 2017 to 2026 YTD. Sep 25, 2017 $0.09; Dec 27, 2017 $0.14; Mar 26, 2018 $0.02; Jun 25, 2018 $0.13; Sep 24, 2018 $0.04; Dec 27, 2018 $0.04; Mar 25, 2019 $0.08; Dec 30, 2019 $0.36; Sep 20, 2021 $0.02; Dec 30, 2021 $0.20; Dec 29, 2022 $0.55; Dec 28, 2023 $0.96; Dec 30, 2024 $0.65; Dec 30, 2025 $0.61. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.61
Dec 30, 2024Dec 31, 2024$0.65
Dec 28, 2023Jan 3, 2024$0.96
Dec 29, 2022Jan 9, 2023$0.55
Dec 30, 2021Jan 6, 2022$0.20
Sep 20, 2021Sep 27, 2021$0.02
Dec 30, 2019Jan 6, 2020$0.36
Mar 25, 2019Apr 1, 2019$0.08
Dec 27, 2018Jan 8, 2019$0.04
Sep 24, 2018Oct 1, 2018$0.04
Jun 25, 2018Jul 2, 2018$0.13
Mar 26, 2018Apr 2, 2018$0.02

AAVM Risk

How much the fund’s monthly returns vary, scaled to a year.
14.1%
Annualised · 36 months to Aug 2026
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.
0.91
vs 3-month T-bills · to Aug 2026
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.
−23.7%
Trough Oct 2023
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.
0.83
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.

AAVM Cost

Expense ratio0.38%
  • The middle half of Global Active Equity funds
  • Median 0.69%

7 of the 44 Global Active Equity funds charge less.

AAVM costs $38.00 a year on $10,000. The median Global Active Equity fund costs $69.00.