EA Series Trust Alpha Architect US Quantitative Value ETF (QVAL US)
QVAL US$62.99
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 62.99
- Change
- ▼ -0.01 (-0.02)
- Bid / Ask
- 55.08 - 68.38
- Volume
- 9,228
- Turnover
- 487,074
- Open
- 62.99
- Day Range
- 62.81 - 63.11
- VWAP
- 63.00
- Prev Close
- 63.00
- Last Trade
- 28/10 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$652.3M
OCT 2026
Distributions
Quarterly
Since inception
12.0 yrs
OCT 2014
- Legal name
- Alpha Architect U.S. Quantitative Value ETF
- Issuer
- Alpha Architect
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Mid-Cap Value
- Category index
- Russell Mid Cap Value TR USD
- Benchmark
- Solactive GBS United States 1000 TR USD
- ETF net assets
- $652.3M
- Units on issue
- 10.3M
- Management fee
- 0.28% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 21 OCT 2014
- Listed
- 21 NOV 2023
- Index provider
- Structured Solutions AG
Objective and strategy
The investment seeks long-term capital appreciation. The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 undervalued U.S. equity securities with the potential for capital appreciation. A security is considered to be undervalued when it trades at a price below the price at which the Sub-Adviser believes it would trade if the market reflected all factors relating to the company’s worth.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 99.57%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.57 | 99.57 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.29 | 0.29 | — |
| Other | 0.14 | 0.14 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 31.11%Sensitive 46.53%Defensive 22.36%
- Basic Materials
- 7.19%
- Consumer Cyclical
- 23.92%
- Financial Services
- 0.00%
- Real Estate
- 0.00%
- Communication Services
- 3.62%
- Energy
- 26.65%
- Industrials
- 7.60%
- Technology
- 8.66%
- Consumer Defensive
- 6.41%
- Healthcare
- 13.92%
- Utilities
- 2.02%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
- North America
- 100.00%
- Latin America
- 0.00%
- United Kingdom
- 0.00%
- Europe Developed
- 0.00%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 100.00%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Mid Value
- Average moat
- Narrow
Size score
140
Small
Mid
Large
Value-growth score
-2
Value
Blend
Growth
Economic moat
Wide 14%Narrow 54%None 32%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 20.18%
- Mid
- 59.19%
- Small
- 20.64%
- Micro
- 0.00%
Large 20%Mid 59%Small 21%
- Average market cap
- $32.98B
- Number of holdings
- 52
- Shares held
- 50
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 11.72
- Price / book
- 2.29
- Price / sales
- 1.01
- Price / cash flow
- 6.43
- Dividend yield
- 2.03%
- Assets in top 10
- 22.19%
- Return on equity
- 27.29%
- Net margin
- 14.91%
- Earnings growth (3 yr)
- 12.80%
Top holdings · top 10 = 20.62% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| United Therapeutics Corp UTHR | 2.27 | FEB 2026 | 13.6M | USD | 25,061 | Healthcare | United States | |
| Accenture PLC Class A ACN | 2.09 | SEP 2026 | 12.5M | USD | 68,391 | Technology | United States | |
| Adobe Inc ADBE | 2.08 | SEP 2026 | 12.5M | USD | 51,975 | Technology | United States | |
| Edison International EIX | 2.05 | MAY 2026 | 12.3M | USD | 228,199 | Utilities | United States | |
| Abercrombie & Fitch Co Class A ANF | 2.03 | SEP 2026 | 12.2M | USD | 90,222 | Consumer Cyclical | United States | |
| Expedia Group Inc EXPE | 2.02 | SEP 2026 | 12.1M | USD | 46,019 | Consumer Cyclical | United States | |
| Phillips 66 PSX | 2.02 | SEP 2026 | 12.1M | USD | 47,463 | Energy | United States | |
| HP Inc HPQ | 2.02 | MAY 2026 | 12.1M | USD | 386,682 | Technology | United States | |
| Constellation Brands Inc Class A STZ | 2.02 | MAY 2026 | 12.1M | USD | 106,895 | Consumer Defensive | United States | |
| HF Sinclair Corp DINO | 2.02 | FEB 2026 | 12.1M | USD | 112,611 | Energy | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-4.6
3M
5.5
6M
12.6
YTD
21.0
1Y
26.8
3Y
18.1
5Y
13.3
10Y
11.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -4.64 | -4.55 | -4.62 | 23 / 406 |
| 3 months | 5.55 | 5.68 | 5.63 | 6 / 404 |
| 6 months | 12.59 | 12.76 | 12.75 | 17 / 399 |
| Year to date | 21.00 | 20.99 | 21.27 | 5 / 397 |
| 1 year | 26.84 | 27.18 | 27.21 | 4 / 396 |
| 3 years p.a. | 18.12 | 18.21 | 18.47 | 22 / 378 |
| 5 years p.a. | 13.33 | 13.33 | 13.74 | 5 / 353 |
| 10 years p.a. | 11.55 | 11.55 | 12.11 | 16 / 296 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2016
13.4
2017
25.0
2018
-16.6
2019
23.5
2020
-6.0
2021
34.2
2022
-11.6
2023
28.2
2024
12.1
2025
11.0
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 11.03 | 9.44 | 44 / 411 |
| 2024 | 12.12 | 10.21 | 40 / 423 |
| 2023 | 28.16 | 25.93 | 4 / 397 |
| 2022 | -11.57 | -13.31 | 80 / 405 |
| 2021 | 34.17 | 32.54 | 16 / 413 |
| 2020 | -6.00 | -7.73 | 92 / 415 |
| 2019 | 23.53 | 21.10 | 73 / 422 |
| 2018 | -16.55 | -17.90 | 81 / 417 |
| 2017 | 24.98 | 23.64 | 2 / 405 |
| 2016 | 13.41 | 11.96 | 82 / 399 |
| 2015 | -13.39 | -14.57 | 94 / 471 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 16.67 | 0.52 | 0.66 | -4.33 |
| Beta | 0.36 | 0.75 | 0.97 | 1.17 |
| R-squared | 15.41 | 40.86 | 58.52 | 68.03 |
| Standard deviation | 12.08 | 14.53 | 19.67 | 21.83 |
| Sharpe ratio | 1.73 | 0.91 | 0.54 | 0.50 |
| Sortino ratio | 3.56 | 1.57 | 0.84 | 0.72 |
| Tracking error | 13.96 | 11.60 | 12.65 | 12.63 |
| Information ratio | 0.80 | -0.41 | -0.04 | -0.30 |
| Upside capture % | 99.73 | 89.93 | 95.00 | 100.25 |
| Downside capture % | -27.64 | 113.30 | 93.75 | 122.56 |
| Maximum drawdown % | -4.62 | -12.80 | -20.26 | -41.50 |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
81.2
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.013
- Best quarter
- 26.27% · JAN 2021
- Worst quarter
- -40.18% · MAR 2020
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.28% p.a.
- PDS dated
- 1 FEB 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.2415
- Ex Date
- 28 SEP 2026
- Record Date
- 28 SEP 2026
- Pay Date
- 29 SEP 2026
- NAV at ex date
- 58.34
- Paid this year
- 0.6372
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.7
2023
0.8
2022
0.7
2021
0.6
2020
0.5
2019
0.5
2018
0.6
2017
0.4
2016
0.3
2015
0.3
| Year | Per unit ($) |
|---|---|
| 2024 | 0.7033 |
| 2023 | 0.7690 |
| 2022 | 0.7111 |
| 2021 | 0.6421 |
| 2020 | 0.4558 |
| 2019 | 0.5221 |
| 2018 | 0.6056 |
| 2017 | 0.4111 |
| 2016 | 0.3304 |
| 2015 | 0.3213 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 28 SEP 2026 | 0.2415 |
| 29 JUN 2026 | 0.1856 |
| 30 MAR 2026 | 0.2101 |
| 23 DEC 2025 | 0.2421 |
| 12 SEP 2025 | 0.1919 |
| 13 JUN 2025 | 0.1701 |
| 13 MAR 2025 | 0.0991 |
| 24 DEC 2024 | 0.2110 |
| 12 SEP 2024 | 0.1480 |
| 20 JUN 2024 | 0.2707 |
| 13 MAR 2024 | 0.1392 |
| 20 DEC 2023 | 0.1903 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Average
ESG risk score
23.49
Negligible
Low
Medium
High
Severe
Category average 22.38
- Rank in category
- 75th percentile of 1,627 funds
- Environmental risk
- 9.39
- Social risk
- 8.86
- Governance risk
- 3.97
- Portfolio covered
- 100.0%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 5.74%
- Low
- 30.72%
- Medium
- 44.36%
- High
- 15.05%
- Severe
- 4.12%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
15.73
Low
Medium
High
Severe
Category average 12.27
- Carbon risk
- Medium Risk
- Rank in category
- 28th percentile of 644 funds
- Fossil fuel involvement
- 22.48%
- Category average
- 15.57%
- Low Carbon Designation
- No
- Portfolio covered
- 100.0%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Wesley R. Gray
- John Vogel
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 12.0 years
- Longest tenure
- 12.0 years
- Longest serving
- Wesley R. Gray, John Vogel · since 21 OCT 2014
- Most recent appointment
- Wesley R. Gray, John Vogel · since 21 OCT 2014
- Managed since
- 21 OCT 2014
- Other funds managed
- 18
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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