Royce Quant Small-Cap Quality Value ETF
$51.69−0.59 (−1.13%)
- Expense ratio
- 0.60%
- Fund size
- $39M
- 1Y return
- +21.8%
- Yield · Last 12 months
- 1.03%
- Holdings
- 320
- Volume · 30D
- 0M sh
- NAV per share
- $52.06
- 52W range
The ETF.net SQLV Grade
Score 60 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.CScore 49Category 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.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 68Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 74Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
Our read on SQLV
BAn active small-cap fund with an algorithm at the wheel. Royce's quant screen ranks US small caps on value, quality and momentum, then spreads the money across roughly 300 names instead of a concentrated stock-picker's short list.
The fund seeks long-term capital growth.
Why people hold it
- Three screens, not one. The rules-based system scores value, quality and momentum together, so a stock needs more than a low price tag to earn a slot.
- Roughly 300 holdings means no single small-cap blowup steers the whole fund, which matters in a corner of the market where individual names swing hard.
- Subadvised by Royce Investment Partners, a shop built around small caps, wrapped in a repeatable quantitative process rather than gut-feel picking. Trading since July 2017.sec.gov
- Portfolio construction is the strongest leg here, and the fund sits in the upper half of its active US small-cap peer group overall.
Worth knowing
- At 0.60% a year it costs more than the typical fund in its peer group, and well more than systematic rivals like AVUV and AVSC at 0.25%.
- One of the smaller, more thinly traded funds in the category. Light volume tends to mean wider spreads, and small asset bases get reviewed by issuers over time.
- A proprietary screen builds a portfolio that can look very different from a plain small-cap index, so stretches of divergence in either direction come with the design.
SQLV Holdings
- Stocks
- 320
- 8%
- DXC
Sectors
- Financials19.2%
- Health Care17.7%
- Technology16.3%
- Consumer Discr.13.5%
- Industrials10.2%
- Cons. Staples7.1%
- Communication5.8%
- Energy4.8%
- Materials4.3%
- Real Estate0.9%
- Utilities0.2%
Geography
- United States98.75%
- Cayman Islands0.55%
- Bermuda0.41%
- Brazil0.29%
SQLV 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 | SQLV |
|---|---|
| Year to date | +22.0% |
| 1 month | −4.0% |
| 3 months | +5.8% |
| 1 year | +21.8% |
| 3 years | +15.1% |
| 5 years | +8.2% |
| 10 years | — |
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 | SQLV |
|---|---|---|
| 2026 YTD | +22.0% | |
| 2025 | +2.5% | |
| 2024 | +4.7% | |
| 2023 | +21.2% | |
| 2022 | −12.8% | |
| 2021 | +37.1% | |
| 2020 | +7.2% |
SQLV in the news
ETF.net Research hasn’t filed on SQLV yet — coverage lands here as it’s written.
SQLV Dividends
- 1.03%
- $0.54
- $0.15 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 14, 2026 | Sep 17, 2026 | $0.15 |
| Jun 15, 2026 | Jun 18, 2026 | $0.12 |
| Mar 16, 2026 | Mar 19, 2026 | $0.11 |
| Dec 15, 2025 | Dec 18, 2025 | $0.15 |
| Sep 15, 2025 | Sep 18, 2025 | $0.12 |
| Jun 16, 2025 | Jun 20, 2025 | $0.11 |
| Mar 17, 2025 | Mar 20, 2025 | $0.12 |
| Dec 16, 2024 | Dec 19, 2024 | $0.13 |
| Sep 16, 2024 | Sep 19, 2024 | $0.13 |
| Jun 17, 2024 | Jun 21, 2024 | $0.11 |
| Mar 18, 2024 | Mar 21, 2024 | $0.11 |
| Dec 18, 2023 | Dec 21, 2023 | $0.13 |
SQLV Risk
- 18.3%
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.
- 0.57
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.
- −26.9%
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.
- 0.98
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SQLV Cost
- The middle half of US Active Small-Cap funds
- Median 0.55%
20 of the 39 US Active Small-Cap funds charge less.