# Alpha Architect U.S. Quantitative Value ETF (QVAL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/qval for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Alpha Architect · Asset class: Equity - Strategy: Thematic · Inception: 2014-10-21 The Alpha Architect U.S. Quantitative Value ETF (QVAL) utilizes a systematic, data-driven approach to meticulously select a concentrated portfolio of roughly 50 to 100 American stocks. The primary objective is to pinpoint companies whose shares are currently trading at a discount to their perceived true worth, thereby offering significant upside potential for investors. A stock is deemed "undervalued" by the Adviser when its market price is lower than their calculated intrinsic value – that is, the price at which they believe it would trade if the market fully recognized all aspects contrib... ## Key Facts | Metric | Value | |---|---| | Price | $63.15 | | Expense Ratio | 0.28% | | Assets Under Management | $652.3M | | NAV | $63.15 | | Holdings Count | 50 | | Distribution Yield (TTM) | 1.39% | | Annual Distribution (TTM) | $0.88 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $45.32 – $63.70 | | Beta | 0.69 | ## Latest Distribution - Amount: $0.2415 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does QVAL invest in? The Alpha Architect U.S. Quantitative Value ETF (QVAL) utilizes a systematic, data-driven approach to meticulously select a concentrated portfolio of roughly 50 to 100 American stocks. The primary objective is to pinpoint companies whose shares are currently trading at a discount to their perceived true worth, thereby offering significant upside potential for investors. A stock is deemed "undervalued" by the Adviser when its market price is lower than their calculated intrinsic value – that is, the price at which they believe it would trade if the market fully recognized all aspects contributing to the company's value. Additionally, the fund maintains the flexibility to invest up to 20% of its holdings in various other assets, including cash, highly liquid assets, shares of other investment funds, or a range of different securities and financial instruments. ### What is the expense ratio of QVAL? Alpha Architect U.S. Quantitative Value ETF (QVAL) charges an expense ratio of 0.28%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is QVAL? Alpha Architect U.S. Quantitative Value ETF (QVAL) manages $652.3M 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 QVAL actively managed or an index fund? QVAL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was QVAL launched? Alpha Architect U.S. Quantitative Value ETF (QVAL) launched in October 2014 and is managed by Alpha Architect. ### How has QVAL performed? QVAL'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 QVAL pay a dividend? Alpha Architect U.S. Quantitative Value ETF (QVAL) currently distributes little or no income. Trailing-twelve-month yield is 1.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does QVAL pay dividends? Alpha Architect U.S. Quantitative Value ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is QVAL's dividend yield? QVAL's trailing-twelve-month yield is 1.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is QVAL's next ex-dividend date? The most recently announced ex-dividend date for QVAL was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will QVAL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.28% 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 QVAL charge its expense ratio? The expense ratio is deducted in tiny daily slices from QVAL'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 QVAL cost more than a fund like VOO? QVAL's strategy (current expense ratio 0.28%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where QVAL sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to QVAL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QVAL (0.28%) 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/qval - Distribution history: https://www.dividenddata.com/funds/qval/dividend - Holdings & diversification: https://www.dividenddata.com/funds/qval/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/qval/expenses - Peer comparison: https://www.dividenddata.com/funds/qval/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.