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Launched · SEC filings

Alpha Architect International Quantitative Value ETF

IVALNasdaqAlpha ArchitectD

$36.57−0.14 (−0.39%)

At close: Nov 2, 2026, 4:00 PM ET

D31/ 100

Rank 12 of 12 in International Value Index

D31/100Rank 12 of 12inInternational Value Index
Intraday session: down, 79 prints from 36.71 to 36.57. Range 36.57 to 36.83. Use the arrow keys to read each point.36.6036.6536.7536.8010 AM12 PM2 PM4 PM
Expense ratio
0.38%
Fund size
$228M
1Y total return
+25.3%
Yield · Last 12 months
2.85%
Holdings
53
Avg volume · 30D
16.3K sh
52W range
low $29.29high $37.52
Launched
Filings
SEC EDGAR

The ETF.net IVAL Grade

Based on 5 of 6 pillars

D

Score 31 out of 100

Category
International Value Index⁠
Rank
12 of 12
Six-pillar profile for IVAL. Scores out of 100: Cost 29, Risk 49, Mission not scored, Tradability 15, Holdings 36, Durability 42. Strongest: Risk (49). Weakest: Tradability (15). Based on 5 of 6 pillars.

Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D29 out of 100
    Rank 9 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 8 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 11 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 10 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 9 of 12

Our read on IVAL

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarD36 out of 100Rank 10 of 12 in International Value Index
Asset class
Stocks
Holdings
53
Top-10 weight
23%
Largest holding
IMB.L2.4%

Sectors

  • Materials27.9%
  • Energy19.9%
  • Consumer Discretionary18.2%
  • Industrials10.0%
  • Health Care8.0%
  • Consumer Staples6.0%
  • Technology4.0%
  • Utilities2.0%
  • Real Estate2.0%
  • Communication2.0%

Geography

  • Japan41.21%
  • Australia14.60%
  • Norway8.94%
  • Germany7.98%
  • Sweden4.44%
  • Spain3.98%
  • Denmark3.97%
  • United Kingdom2.40%
  • Other countries (6)12.47%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IMB.LImperial Brands PLC2.35%136,177$5.36M128
2AKRBP.OLAker Bp Asa2.34%125,142$5.34M115
3VAR.OLVar Energi ASA2.33%827,408$5.32M108
4ERIC-B.STTelefonaktiebolaget LM Ericsson2.31%473,493$5.26M98
54768.TOtsuka Corp2.30%189,917$5.25M104
6EQNR.OLEquinor ASA2.27%106,208$5.17M127
7FROFrontline PLC2.24%89,851$5.11M26
84503.TAstellas Pharma Inc2.16%302,262$4.93M165
91605.TInpex Corp2.14%188,882$4.87M129
10HAFNI.OLHafnia Ltd2.12%444,070$4.84M42
117269.TSuzuki Motor Corp2.09%358,900$4.77M122
12TEN.MITenaris SA2.09%159,144$4.77M95
135105.TToyo Tire Corp2.05%182,999$4.68M68
14BZU.MIBuzzi SpA2.05%104,259$4.67M82
152587.TSuntory Beverage & Food Ltd2.04%155,052$4.65M93

Showing 1–15 of 53 holdings

IVAL Performance

Launched Dec 16, 2014

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

IVAL$12,530
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IVAL $12,530. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 IVAL. Periods over one year show the average yearly return.
PeriodIVAL
Year to date+19.2%
1 month+1.8%
3 months+2.0%
1 year+25.3%
3 yearsper year+21.9%
5 yearsper year+11.3%
10 yearsper year+7.4%

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 IVAL
YearReturn barIVAL
2026 YTD+19.2%
2025+34.9%
2024−0.7%
2023+20.6%
2022−10.1%
2021−0.2%
2020−4.9%

IVAL in the news

IVAL 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 Oct 30, 2026.
2.85%Last 12 months
Payout per share
$1.04Last 12 months
Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 34 payments from 2017 to 2026 YTD. Jun 19, 2017 $0.19; Sep 18, 2017 $0.05; Dec 27, 2017 $0.33; Mar 19, 2018 $0.05; Jun 18, 2018 $0.38; Sep 17, 2018 $0.08; Dec 27, 2018 $0.22; Mar 18, 2019 $0.02; Jun 17, 2019 $0.37; Sep 16, 2019 $0.14; Dec 30, 2019 $0.20; Mar 16, 2020 $0.15; Jun 15, 2020 $0.11; Sep 14, 2020 $0.13; Dec 30, 2020 $0.17; Jun 14, 2021 $0.10; Sep 13, 2021 $0.27; Dec 30, 2021 $0.67; Dec 29, 2022 $1.75; Mar 29, 2023 $0.19; Jun 28, 2023 $0.12; Sep 28, 2023 $0.65; Dec 20, 2023 $0.33; Mar 13, 2024 $0.15; Jun 20, 2024 $0.44; Sep 12, 2024 $0.04; Dec 24, 2024 $0.24; Mar 13, 2025 $0.07; Jun 13, 2025 $0.40; Sep 12, 2025 $0.11; Dec 23, 2025 $0.30; Mar 30, 2026 $0.14; Jun 29, 2026 $0.40; Sep 28, 2026 $0.21. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.21
Jun 29, 2026Jul 2, 2026$0.40
Mar 30, 2026Apr 2, 2026$0.14
Dec 23, 2025Dec 26, 2025$0.30
Sep 12, 2025Sep 15, 2025$0.11
Jun 13, 2025Jun 16, 2025$0.40
Mar 13, 2025Mar 14, 2025$0.07
Dec 24, 2024Dec 31, 2024$0.24
Sep 12, 2024Sep 13, 2024$0.04
Jun 20, 2024Jun 21, 2024$0.44
Mar 13, 2024Mar 15, 2024$0.15
Dec 20, 2023Dec 22, 2023$0.33

See all 42 payments⁠

$10,000 in IVAL 10 years ago paid $3,743 in dividends.⁠

IVAL Risk

Risk pillarC49 out of 100Rank 8 of 12 in International Value Index
How much the fund’s monthly returns vary, scaled to a year.
13.0%
Annualised · 36 months to Oct 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.
1.25
vs 3-month T-bills · to Oct 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.
−27.2%
Trough Sep 2022
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.
0.79
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.

FMP measures it over up to five years of monthly returns.

IVAL Cost

Compare IVAL and VDV

Overpaying vs VDV, cheapest in International Value Index

$6,017

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IVAL 0.38%

    $7,706

  • VDV 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • IVAL 0.38%
  • VDV 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IVAL $7,706VDV $1,689

Year by year

YearIVALVDVOverpaying
10$688$147$541
20$2,658$575$2,083
30$7,706$1,689$6,017

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