MDLV vs SEIV

MDLVCMorgan Dempsey Large Cap Value ETF

SEIVASEI QiM U.S. Large Cap Value Active ETF

In short

MDLV An income-first value book in ETF form: a few dozen hand-picked dividend payers, mostly $25B-plus companies. Where much of US large value runs on rules, this one runs on one team's judgment.

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

MDLV The Fund seeks high current income and long-term capital appreciation.

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

• MDLV The objective names high current income first, long-term growth second. Built from dividend payers the sub-adviser judges attractively valued, and it pays quarterly.alphaarchitect.com
• Genuinely active and genuinely concentrated: generally 30 to 75 stocks, so individual picks carry real weight instead of being diluted across hundreds of names.alphaarchitect.com
• Clear size discipline: at least 80% of net assets in companies above $25 billion, weighted average market cap typically $50 billion or larger, with room down to $3 billion.alphaarchitect.com

• 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

• MDLV At 0.58% the fee sits near the category median, but cheaper tickets exist in the group: WTV at 0.12%, AVLV at 0.15%, DFLV at 0.21%.
• Small fund, light trading. Spreads can be wider than on category heavyweights, which makes execution more of a factor.
• Concentration cuts both ways. With a few dozen names and an income tilt, results track one team's stock calls rather than a broad value index.alphaarchitect.com

• 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 MDLV profile⁠

Full SEIV profile⁠