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Launched · SEC filings

Applied Finance Valuation Large Cap ETF

VSLUNYSE ArcaC

$49.90+0.09 (+0.18%)

As of Oct 13, 2026, 3:59 PM

C50/ 100

Rank 5 of 8 in US Active Contrarian Value

C50/100Rank 5 of 8inUS Active Contrarian Value
Intraday session: up, 76 prints from 49.81 to 49.90. Range 49.78 to 49.97. Use the arrow keys to read each point.49.8549.9510 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$577M
1Y total return
+19.1%
Yield · Last 12 months
0.41%
Holdings
442
Avg volume · 30D
0M sh
NAV per share
$49.62
52W range
low $33.95high $49.95
Launched
Filings
SEC EDGAR

The ETF.net VSLU Grade

C

Score 50 out of 100

Category
US Active Contrarian Value⁠
Rank
5 of 8
Six-pillar profile for VSLU. Scores out of 100: Cost 58, Risk 46, Mission 72, Tradability 46, Holdings 39, Durability 56. Strongest: Mission (72). Weakest: Holdings (39). Leans toward Mission.

Score 50 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.
    B58 out of 100
    Rank 4 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Not ranked

  • 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.
    C46 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

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

  1. 01Charges 0.49% a year, below the 0.65% median for active US equity funds. Cheap fuel for an active strategy.
  2. 02The 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
  3. 03Stock-picking with a leash: an active mandate for long-term capital appreciation, measured against the Morningstar US Large-Mid Cap Index.
  4. 04Running since 2021 and one of the stronger overall showings in our active US equity group.

Worth knowing

  1. 01Thinly traded compared with the category's giants, so bid-ask spreads can be wider, especially in fast markets.
  2. 02Cheap for active, not cheap outright: systematic peers like DFAU (0.12%) and AVLC (0.15%) charge roughly a third as much.
  3. 03A value discipline means the portfolio can look very different from a cap-weighted index, and its results can diverge for long stretches.

VSLU Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
442
Top-10 weight
53%
Largest holding
NVDA10.1%

Sectors

  • Technology39.9%
  • Communication13.3%
  • Health Care12.7%
  • Consumer Discretionary9.5%
  • Financials9.2%
  • Industrials6.5%
  • Consumer Staples4.1%
  • Energy2.1%
  • Materials1.0%
  • Utilities0.9%
  • Real Estate0.7%

Geography

  • United States97.78%
  • Ireland1.42%
  • Switzerland0.28%
  • United Kingdom0.15%
  • Bermuda0.10%
  • Canada0.07%
  • Sweden0.06%
  • Netherlands0.06%
  • Other countries (3)0.07%
The fund’s holdings, weight-ordered — page 1 of 30.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp10.14%255,180$59M847
002AAPLApple Inc10.00%171,399$58M715
003MSFTMicrosoft Corp8.31%89,534$48M815
004GOOGLAlphabet Inc-Cl A6.09%99,902$35M709
005METAMeta Platforms Inc4.84%38,866$28M704
006VVisa Inc-Class A Shares3.47%51,913$20M558
007LLYEli Lilly & Co2.92%14,267$17M583
008AVGOBroadcom Inc.2.88%45,963$17M754
009MAMastercard Inc - A2.55%25,000$15M526
010MRKMerck & Co. Inc.1.48%58,440$9M515
011JNJJohnson & Johnson1.25%27,606$7M528
012LRCXLam Resh Corp1.06%19,180$6M606
013ABBVAbbVie Inc1.05%21,813$6M522
014BKNGBooking Holdings Inc1.02%36,803$6M433
015SNDKSandisk Corp/De Sndkv0.89%3,235$5M467

Showing 1–15 of 442 holdings

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$11,905
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. VSLU $11,905. SPY $12,044. Use the arrow keys to read each point.$9,575$10,909$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+12.5%
1 month+2.6%
3 months+5.1%
1 year+19.1%
3 yearsper year+22.9%
5 yearsper year+14.6%
10 yearsFund is under 10 years oldper 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 VSLU
YearReturn barVSLU
2026 YTD+12.5%
2025+21.5%
2024+23.8%
2023+26.8%
2022−16.1%
2021+14.1%

History from Apr 30, 2021

VSLU in the news

No ETF.net Research article names VSLU yet.

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 12, 2026.
0.41%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

VSLU Risk

How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 36 months to Sep 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.
1.41
vs 3-month T-bills · to Sep 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.

VSLU Cost

Expense ratio0.49%
  • The middle half of US Active Contrarian Value funds
  • Median 0.54%

3 of the 8 US Active Contrarian Value funds charge less.

VSLU costs $49.00 a year on $10,000. The median US Active Contrarian Value fund costs $54.50.

Other funds in US Active Contrarian Value

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