Royce Quant Small-Cap Quality Value ETF (SQLV US)
SQLV US$53.26
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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)
- 53.26
- Change
- ▼ -0.04 (-0.08)
- Bid / Ask
- 45.74 - 60.85
- Volume
- 208
- Turnover
- 6,178
- Open
- 53.26
- Day Range
- 53.26 - 53.26
- VWAP
- 53.26
- Prev Close
- 53.30
- Last Trade
- 28/10 9:30am
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
$40.1M
OCT 2026
Distributions
Quarterly
Since inception
9.3 yrs
JUL 2017
- Legal name
- Royce Quant Small-Cap Quality Value ETF
- Issuer
- Franklin Templeton, Inc
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Small Value
- Category index
- Russell 2000 Value TR USD
- Benchmark
- Russell 3000 TR USD
- ETF net assets
- $40.1M
- Units on issue
- 750,000
- Management fee
- 0.60% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 12 JUL 2017
- Listed
- 13 JUL 2017
- Index provider
- Russell Index
Objective and strategy
The investment seeks to achieve long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of quality value small-cap companies. It may engage in active and frequent trading to achieve its investment objective, resulting in high portfolio turnover.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 99.82%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.82 | 99.82 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.18 | 0.18 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 38.24%Sensitive 34.98%Defensive 26.78%
- Basic Materials
- 4.02%
- Consumer Cyclical
- 13.42%
- Financial Services
- 19.31%
- Real Estate
- 1.49%
- Communication Services
- 6.04%
- Energy
- 4.32%
- Industrials
- 9.43%
- Technology
- 15.19%
- Consumer Defensive
- 7.71%
- Healthcare
- 18.80%
- Utilities
- 0.27%
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
- Small Value
Size score
-38
Small
Mid
Large
Value-growth score
20
Value
Blend
Growth
Economic moat
Wide 2%Narrow 46%None 52%
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
- 0.00%
- Mid
- 0.00%
- Small
- 15.10%
- Micro
- 84.90%
Small 15%Micro 85%
- Average market cap
- $1.34B
- Number of holdings
- 303
- Shares held
- 299
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
- 11.34
- Price / book
- 1.41
- Price / sales
- 0.70
- Price / cash flow
- 5.50
- Dividend yield
- 1.42%
- Assets in top 10
- 8.63%
- Return on equity
- 13.68%
- Net margin
- 11.67%
- Earnings growth (3 yr)
- 4.68%
Top holdings · top 10 = 7.58% 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 | |
|---|---|---|---|---|---|---|---|---|
| DXC Technology Co Registered Shs When Issued DXC | 0.93 | FEB 2026 | 354,314 | USD | 32,716 | Technology | United States | |
| Embecta Corp EMBC | 0.82 | FEB 2026 | 311,425 | USD | 55,022 | Healthcare | United States | |
| Qualys Inc QLYS | 0.77 | APR 2026 | 294,466 | USD | 1,573 | Technology | United States | |
| SM Energy Co SM | 0.76 | FEB 2026 | 288,245 | USD | 8,533 | Energy | United States | |
| Vistance Networks Inc VISN | 0.75 | JUN 2026 | 287,542 | USD | 48,084 | Technology | United States | |
| Federated Hermes Inc Class B FHI | 0.75 | FEB 2026 | 285,852 | USD | 5,071 | Financial Services | United States | |
| Crescent Energy Co Class A CRGY | 0.72 | FEB 2026 | 275,537 | USD | 21,376 | Energy | United States | |
| Kohl's Corp KSS | 0.70 | APR 2026 | 266,544 | USD | 14,439 | Consumer Cyclical | United States | |
| H&R Block Inc HRB | 0.69 | FEB 2026 | 264,797 | USD | 6,410 | Consumer Cyclical | United States | |
| Kyndryl Holdings Inc Ordinary Shares KD | 0.69 | JUN 2026 | 261,502 | USD | 23,224 | Technology | 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
-5.8
3M
-2.2
6M
15.9
YTD
18.7
1Y
20.3
3Y
13.5
5Y
7.4
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -5.78 | -5.66 | -5.73 | 60 / 480 |
| 3 months | -2.20 | -2.10 | -2.05 | 13 / 477 |
| 6 months | 15.88 | 16.05 | 16.22 | 5 / 475 |
| Year to date | 18.68 | 17.80 | 19.22 | 16 / 474 |
| 1 year | 20.31 | 20.56 | 21.03 | 22 / 473 |
| 3 years p.a. | 13.52 | 13.54 | 14.20 | 56 / 455 |
| 5 years p.a. | 7.38 | 7.37 | 8.03 | 59 / 437 |
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
2018
-9.1
2019
16.5
2020
8.0
2021
35.8
2022
-12.8
2023
21.1
2024
4.8
2025
2.5
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 2.46 | 1.30 | 80 / 483 |
| 2024 | 4.83 | 3.67 | 82 / 488 |
| 2023 | 21.13 | 19.82 | 21 / 489 |
| 2022 | -12.85 | -13.92 | 68 / 481 |
| 2021 | 35.84 | 34.33 | 24 / 446 |
| 2020 | 7.98 | 6.68 | 68 / 416 |
| 2019 | 16.54 | 15.15 | 96 / 419 |
| 2018 | -9.15 | -10.11 | 17 / 417 |
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 | 8.63 | -7.14 | -5.09 | — |
| Beta | 0.61 | 1.00 | 1.00 | — |
| R-squared | 32.91 | 44.79 | 60.24 | — |
| Standard deviation | 13.90 | 18.52 | 20.06 | — |
| Sharpe ratio | 1.13 | 0.53 | 0.26 | — |
| Sortino ratio | 2.11 | 0.92 | 0.41 | — |
| Tracking error | 12.53 | 13.76 | 12.63 | — |
| Information ratio | 0.37 | -0.68 | -0.51 | — |
| Upside capture % | 82.52 | 88.23 | 88.27 | — |
| Downside capture % | -5.69 | 154.97 | 115.01 | — |
| Maximum drawdown % | -3.49 | -19.71 | -19.82 | — |
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
85.4
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 8.597
- Market impact cost %
- 0.278
- Best quarter
- 35.30% · JAN 2021
- Worst quarter
- -35.70% · 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
- 0.60% p.a.
- PDS dated
- 1 AUG 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.1520
- Ex Date
- 14 SEP 2026
- Record Date
- 14 SEP 2026
- Pay Date
- 17 SEP 2026
- NAV at ex date
- 53.05
- Paid this year
- 0.3902
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.5
2023
0.5
2022
0.4
2021
0.4
2020
0.4
2019
0.4
2018
0.3
2017
0.3
2016
0.1
| Year | Per unit ($) |
|---|---|
| 2024 | 0.4952 |
| 2023 | 0.4754 |
| 2022 | 0.4485 |
| 2021 | 0.4255 |
| 2020 | 0.4478 |
| 2019 | 0.3609 |
| 2018 | 0.3363 |
| 2017 | 0.2600 |
| 2016 | 0.1100 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 14 SEP 2026 | 0.1520 |
| 15 JUN 2026 | 0.1236 |
| 16 MAR 2026 | 0.1146 |
| 15 DEC 2025 | 0.1491 |
| 15 SEP 2025 | 0.1169 |
| 16 JUN 2025 | 0.1108 |
| 17 MAR 2025 | 0.1185 |
| 16 DEC 2024 | 0.1292 |
| 16 SEP 2024 | 0.1286 |
| 17 JUN 2024 | 0.1119 |
| 18 MAR 2024 | 0.1057 |
| 18 DEC 2023 | 0.1268 |
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
25.23
Negligible
Low
Medium
High
Severe
Category average 25.65
- Rank in category
- 39th percentile of 1,846 funds
- Environmental risk
- 0.74
- Social risk
- 1.59
- Governance risk
- 0.78
- Portfolio covered
- 95.9%
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
- 0.99%
- Low
- 28.86%
- Medium
- 41.03%
- High
- 24.14%
- Severe
- 4.97%
0.55% 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
11.75
Low
Medium
High
Severe
Category average 14.86
- Carbon risk
- Medium Risk
- Rank in category
- 17th percentile of 570 funds
- Fossil fuel involvement
- 4.96%
- Category average
- 10.86%
- Low Carbon Designation
- No
- Portfolio covered
- 94.9%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- George Necakov
- Michael Connors
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
- 9.3 years
- Longest tenure
- 9.3 years
- Longest serving
- George Necakov, Michael Connors · since 12 JUL 2017
- Most recent appointment
- George Necakov, Michael Connors · since 12 JUL 2017
- Managed since
- 12 JUL 2017
- Other funds managed
- 4
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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