Alpha Architect International Quantitative Value ETF
$36.56−0.44 (−1.19%)
- Expense ratio
- 0.38%
- Fund size
- $224M
- 1Y return
- +24.0%
- Yield · Last 12 months
- 2.26%
- Holdings
- 54
- Volume · 30D
- 0M sh
- NAV per share
- $36.69
- 52W range
The ETF.net IVAL Grade
Score 30 of 100 sits in the D 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.DScore 29Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on IVAL
DMost international value ETFs spread a mild tilt across hundreds of names. IVAL goes the other way: about 50 stocks, screened for value by Alpha Architect's own index, running since 2014.
The Fund seeks to track, before fees and expenses, the total return of the Alpha Architect International Quantitative Value Index.
Why people hold it
- Concentrated by design. Holding roughly 50 names means the value screen actually shapes the portfolio instead of being watered down across hundreds of positions.
- One rulebook, one shop. Alpha Architect wrote the index it tracks, so the value methodology and the fund come from the same source rather than a licensed third-party screen.
- Launched in December 2014, so this is a live decade-plus record of the strategy in international markets, not a backtest.
- Pays distributions quarterly, the standard cadence for equity funds in this corner of the market.
Worth knowing
- The 0.38% fee sits above the typical international value fund, and cheaper options cover overlapping ground: FIVA at 0.18%, DFIV at 0.27%, EFV at 0.31%.
- Thinly traded compared with the big names in its category, so the bid-ask spread is a real part of the cost, particularly on larger orders.
- Concentration cuts both ways. With about 50 holdings, individual stocks and country exposures move results far more than they would in a broad index fund.
IVAL Holdings
- Stocks
- 54
- 21%
- FRO
Sectors
- Consumer Discr.21.9%
- Materials21.5%
- Energy17.1%
- Industrials14.6%
- Health Care8.1%
- Cons. Staples6.3%
- Technology4.4%
- Real Estate2.1%
- Communication2.1%
- Utilities2.0%
Geography
- Japan46.94%
- Australia9.57%
- Norway8.56%
- Germany8.18%
- Spain4.19%
- Denmark3.85%
- Cyprus2.43%
- Netherlands2.14%
- 14.13%
Developed 98% · Emerging 2%
IVAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | IVAL |
|---|---|
| Year to date | +19.5% |
| 1 month | −0.6% |
| 3 months | +7.0% |
| 1 year | +24.0% |
| 3 years | +19.1% |
| 5 years | +11.2% |
| 10 years | +7.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IVAL |
|---|---|---|
| 2026 YTD | +19.5% | |
| 2025 | +34.9% | |
| 2024 | −0.7% | |
| 2023 | +20.6% | |
| 2022 | −10.1% | |
| 2021 | −0.2% | |
| 2020 | −4.9% |
IVAL in the news
ETF.net Research hasn’t filed on IVAL yet — coverage lands here as it’s written.
IVAL Dividends
- 2.26%
- $0.84
- $0.40 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jul 2, 2026 | $0.40 |
| Mar 30, 2026 | Apr 2, 2026 | $0.14 |
| Dec 23, 2025 | Dec 26, 2025 | $0.30 |
| Sep 12, 2025 | Sep 15, 2025 | $0.11 |
| Jun 13, 2025 | Jun 16, 2025 | $0.40 |
| Mar 13, 2025 | Mar 14, 2025 | $0.07 |
| Dec 24, 2024 | Dec 31, 2024 | $0.24 |
| Sep 12, 2024 | Sep 13, 2024 | $0.04 |
| Jun 20, 2024 | Jun 21, 2024 | $0.44 |
| Mar 13, 2024 | Mar 15, 2024 | $0.15 |
| Dec 20, 2023 | Dec 22, 2023 | $0.33 |
| Sep 28, 2023 | Sep 29, 2023 | $0.65 |
IVAL Risk
- 13.5%
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.
- 1.07
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.
- −27.2%
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.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IVAL Cost
- The middle half of International Value Index funds
- Median 0.31%
8 of the 12 International Value Index funds charge less.