SEIV vs VNSE

SEIVASEI QiM U.S. Large Cap Value Active ETF

VNSEFNatixis Vaughan Nelson Select ETF

In short

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.

VNSE Vaughan Nelson's value pickers run a tight, high-conviction book of US stocks, measured against the S&P 500. The fee: 0.80% net of a waiver through April 30, 2029 (gross 1.87%).

Stated mandate

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.

VNSE The fund uses a bottom-up process focused on value when constructing its portfolio.

Why people hold 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.

• VNSE Concentrated by design: a few dozen holdings, not hundreds, so every pick carries real weight in the result.natixis.comstockanalysis.com
• Bottom-up value work, outsourced to specialists: Natixis hands the book to Vaughan Nelson, which hunts undervalued assets, earnings growth or dividend yield.natixis.com
• The 1.87% gross fee is waived down to 0.80% under a contractual agreement running through April 30, 2029, a long runway for a small fund.
• Trading since 2020, so there is a multi-year live record in the ETF wrapper rather than a fresh launch.sec.gov

Worth knowing

• 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.

• VNSE At 0.80% net it sits above the category median, and index-style value peers such as AVLV (0.15%) and WTV (0.12%) charge a fraction of that.
• Small asset base and light trading, which can mean wider spreads and more price impact on larger orders.sec.gov
• Concentration cuts both ways: with only a few dozen positions, one holding's bad stretch shows up more than it would in a broad value portfolio.stockanalysis.com

Full SEIV profile⁠

Full VNSE profile⁠