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Launched · SEC filings

Applied Finance Valuation Large Cap ETF

VSLUNYSE ArcaApplied FinanceC

$48.90−0.06 (−0.12%)

As of Nov 2, 2026, 3:59 PM ET

C49/ 100

Rank 5 of 8 in US Active Contrarian Value

C49/100Rank 5 of 8inUS Active Contrarian Value
Intraday session: down, 79 prints from 48.96 to 48.90. Range 48.89 to 49.45. Use the arrow keys to read each point.49.1049.2049.3049.4010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$578M
1Y total return
+12.5%
Yield · Last 12 months
0.42%
Holdings
442
Avg volume · 30D
26.7K sh
52W range
low $39.80high $50.01
Launched
Filings
SEC EDGAR

The ETF.net VSLU Grade

C

Score 49 out of 100

Category
US Active Contrarian Value⁠
Rank
5 of 8
Six-pillar profile for VSLU. Scores out of 100: Cost 57, Risk 46, Mission 74, Tradability 45, Holdings 39, Durability 56. Strongest: Mission (74). Weakest: Holdings (39). Leans toward Mission.

Score 49 of 100 falls in the C 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.
    B57 out of 100
    Rank 4 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A74 out of 100
    No data

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C46 out of 100
    Rank 6 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 6 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 6 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 5 of 8

Our read on VSLU

ETF.net Research

In short

CApplied Finance has been estimating what companies are actually worth since 1995. VSLU runs that engine on US large caps: own the ones trading below its intrinsic-value estimate, for less than the typical active fund charges.

Stated mandate

The Fund’s stated objective is long-term capital appreciation.

Why people hold it

  • Charges 0.49% a year, below the 0.65% median for active US equity funds. Cheap fuel for an active strategy.
  • The engine is Applied Finance's Economic Margin framework, which strips accounting distortions to measure what a firm earns above or below its cost of capital.appliedfinance.comappliedfinance.com 2
  • Stock-picking with a leash: an active mandate for long-term capital appreciation, measured against the Morningstar US Large-Mid Cap Index.
  • Running since 2021 and one of the stronger overall showings in our active US equity group.

Worth knowing

  • Thinly traded compared with the category's giants, so bid-ask spreads can be wider, especially in fast markets.
  • Cheap for active, not cheap outright: systematic peers like DFAU (0.12%) and AVLC (0.15%) charge roughly a third as much.
  • A value discipline means the portfolio can look very different from a cap-weighted index, and its results can diverge for long stretches.

VSLU Performance

Launched Apr 29, 2021

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

Not enough history yet.
VSLU$11,247
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. VSLU $11,247. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 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 VSLU. Periods over one year show the average yearly return.
PeriodVSLU
Year to date+10.6%
1 month+0.9%
3 months+3.1%
1 year+12.5%
3 yearsper year+23.7%
5 yearsper year+13.2%
10 yearsFund is under 10 years oldper yearNo data

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 VSLU
YearReturn barVSLU
2026 YTD+10.6%
2025+21.5%
2024+23.8%
2023+26.8%
2022−16.1%
2021+14.1%

History from Apr 30, 2021

VSLU in the news

VSLU 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.
0.42%Last 12 months
Payout per share
$0.20Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 27, 2021 $0.16; Dec 27, 2022 $0.23; Dec 26, 2023 $0.18; Dec 24, 2024 $0.22; Dec 24, 2025 $0.20. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.20
Dec 24, 2024Dec 26, 2024$0.22
Dec 26, 2023Dec 28, 2023$0.18
Dec 27, 2022Dec 29, 2022$0.23
Dec 27, 2021Dec 29, 2021$0.16

$10,000 in VSLU 5 years ago paid $361 in dividends.

VSLU Risk

Risk pillarC46 out of 100Rank 6 of 8 in US Active Contrarian Value
How much the fund’s monthly returns vary, scaled to a year.
11.6%
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.
1.53
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.
−23.9%
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.
0.95
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.

VSLU Cost

Compare VSLU and DFAL

Overpaying vs DFAL, cheapest in US Active Contrarian Value

$7,272

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

  • VSLU 0.49%

    $9,792

  • DFAL 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • VSLU 0.49%
  • DFAL 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530VSLU $9,792DFAL $2,520

Year by year

YearVSLUDFALOverpaying
10$883$220$663
20$3,394$859$2,535
30$9,792$2,520$7,272

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