# LSV Small Cap Value Fund (LVAQX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/lvaqx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2014-06-10 Under ordinary market conditions, the fund aims to allocate a minimum of 80% of its total capital, which includes both net assets and any borrowed funds used for investments, into the stock of small-capitalization enterprises. A company qualifies as small-capitalization under this policy if its market value is less than $2.5 billion. Alternatively, if it's higher, the threshold will be the largest market capitalization represented in the Russell 2000® Value Index. This assessment of a company's market cap is always made at the point of the initial purchase. ## Key Facts | Metric | Value | |---|---| | Price | $22.40 | | Expense Ratio | 1.08% | | Assets Under Management | $675.6M | | NAV | $22.40 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $18.32 – $22.93 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.3167 /share - Ex-date: 2025-12-30 - Pay date: 2025-12-31 ## Frequently Asked Questions ### What does LVAQX invest in? Under ordinary market conditions, the fund aims to allocate a minimum of 80% of its total capital, which includes both net assets and any borrowed funds used for investments, into the stock of small-capitalization enterprises. A company qualifies as small-capitalization under this policy if its market value is less than $2.5 billion. Alternatively, if it's higher, the threshold will be the largest market capitalization represented in the Russell 2000® Value Index. This assessment of a company's market cap is always made at the point of the initial purchase. ### What is the expense ratio of LVAQX? LSV Small Cap Value Fund (LVAQX) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is LVAQX? LSV Small Cap Value Fund (LVAQX) manages $675.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is LVAQX actively managed or an index fund? LVAQX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (LVAQX's is 1.08%) because there's no security selection cost. ### When was LVAQX launched? LSV Small Cap Value Fund (LVAQX) launched in June 2014 and is managed by the fund issuer. ### How has LVAQX performed? LVAQX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does LVAQX pay a dividend? LSV Small Cap Value Fund (LVAQX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does LVAQX pay dividends? LSV Small Cap Value Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is LVAQX's dividend yield? LVAQX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is LVAQX's next ex-dividend date? The most recently announced ex-dividend date for LVAQX was 2025-12-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will LVAQX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.08% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does LVAQX charge its expense ratio? The expense ratio is deducted in tiny daily slices from LVAQX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does LVAQX cost more than a fund like VOO? LVAQX is a passive index fund (current expense ratio 1.08%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to LVAQX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as LVAQX (1.08%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/lvaqx - Distribution history: https://www.dividenddata.com/funds/lvaqx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/lvaqx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/lvaqx/expenses - Peer comparison: https://www.dividenddata.com/funds/lvaqx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.