MAVF vs SEIV

MAVFFMatrix Advisors Value ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

MAVF A 1996-vintage value strategy wearing an ETF ticker. Matrix picks US stocks by its own definition of cheap, aiming at appreciation and income both. Old-school active work in an aisle now ruled by rules-based screens.

SEIV Active quant value stock-picking at an index-fund price. SEIV screens U.S. large caps for cheap valuations plus quality, momentum and low volatility, then runs a concentrated book of roughly 80 names for 0.15% a year.

Stated mandate

MAVF The Fund seeks total return through capital appreciation and current income.

SEIV The Fund seeks long-term capital appreciation through primarily U.S. common stocks priced below fundamental valuation measures, using a quantitative, active stock-selection approach.

Why people hold it

• MAVF Actual stock picking. The portfolio is built on Matrix's own definition of value, not an off-the-shelf index screen, and the fund says so in its prospectus.
• The strategy dates to 1996, meaning it has run through the dot-com bust, 2008 and everything since. Track records that long are scarce in the value-ETF aisle.
• Two jobs, stated plainly: capital appreciation and current income. Shareholders get distributions on a set annual or semiannual rhythm.
• Simple plumbing. A standard 1940 Act US equity fund with no leverage or exotic wrapper mechanics to decode before you own it.

• SEIV 0.15% a year for genuine active selection, against a 0.55% median in its U.S. value peer group. It matches the cheapest large-value quant funds rather than charging active prices.
• Value is not the only screen. The model also weighs quality, momentum and low volatility, which is how a cheap-stock strategy tries to avoid the cheap-for-a-reason trap.
• Other funds measured against the S&P 500 in this cohort charge far more (LSVD 0.40%, GSPY 0.50%, VNSE 1.34%). SEIV runs its version at 0.15%.
• Sits among the strongest implementations in a crowded U.S. value field, and trades with enough regular activity to be workable for ordinary retail order sizes.

Worth knowing

• MAVF The 0.75% expense ratio sits above the typical US value fund's 0.55%, and well above index-built peers like AVLV (0.15%) and WTV (0.12%). Active judgment is the thing you're paying for.
• Small and thinly traded. Spreads can run wider than at the aisle's giants, and sizable orders can push the price around.
• In a crowded field of 50-plus US value funds, our review lands it near the back, mostly on cost and trading friction rather than how it follows its mandate.

• SEIV About 80 stocks measured against a 500-name benchmark. That concentration means stretches where it looks nothing like the S&P 500, in either direction.
• Launched in 2022, so the live record is short, and the asset base is mid-sized rather than among the giants of the value aisle.
• You get the factor recipe, not the trade-by-trade logic: selection sits inside a quantitative model. Distributions land quarterly, not monthly.

Full MAVF profile⁠

Full SEIV profile⁠