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Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alpha Architect U.S. Quantitative Momentum ETF

QMOM | Active ETF

$64.15

$233 M

0.68%

$0.44

0.29%

Vitals

YTD Return

28.9%

1 yr return

47.3%

3 Yr Avg Return

6.3%

5 Yr Avg Return

16.7%

Net Assets

$233 M

Holdings in Top 10

20.7%

52 WEEK LOW AND HIGH

$64.3
$43.96
$66.63

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 120.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alpha Architect U.S. Quantitative Momentum ETF

QMOM | Active ETF

$64.15

$233 M

0.68%

$0.44

0.29%

QMOM - Profile

Distributions

  • YTD Total Return 28.9%
  • 3 Yr Annualized Total Return 6.3%
  • 5 Yr Annualized Total Return 16.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.13%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Alpha Architect U.S. Quantitative Momentum ETF
  • Fund Family Name
    Alpha Architect
  • Inception Date
    Dec 01, 2015
  • Shares Outstanding
    1920000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wesley Gray

Fund Description

The Fund’s Investment Strategy
The Fund is actively managed by Alpha Architect, LLC, the Fund’s investment sub-adviser (“Alpha Architect” or the “Sub-Adviser”). The Sub-Adviser manages the Fund using proprietary methodology developed by the parent company of the Adviser and Sub-Adviser, Empirical Finance, LLC, dba Alpha Architect.
The Sub-Adviser employs a multi-step, quantitative, rules-based methodology to identify a portfolio of approximately 50 to 200 equity securities with the highest relative momentum, as described below. A “momentum” style of investing emphasizes investing in securities that have had higher recent total return performance compared to other securities.
The Sub-Adviser analyzes an initial universe of liquid stocks that principally trade on a U.S. exchange. Typically, the minimum market capitalization for the smallest-capitalization stocks in the initial universe is above $1 billion.
The Sub-Adviser eliminates from the initial universe illiquid securities, real estate investment trusts, exchange-traded funds (ETFs), American Depositary Receipts, and stocks of companies with less than twelve months of available financial data. The resulting universe is composed primarily of highly liquid, small-, mid- and large-cap stocks.
The Sub-Adviser then employs proprietary screens to eliminate companies with issues that may negatively impact their momentum. For example, the Sub-Adviser will generally eliminate companies that measure poorly on any of the following variables: (1) past six-month momentum (lower is bad), (2) past nine-month momentum (lower is bad), and (3) beta (higher is bad).
Next, the Sub-Adviser screens the remaining universe of companies to identify the companies with the highest cumulative return for the past 12 months, excluding the most recent month. Last, the Sub-Adviser employs an ensemble of momentum quality screens to identify which of the remaining companies has experienced the most consistent positive returns, as opposed to short-lived success during the 12-month period measured above. The Sub-Adviser then selects the top 50 to 200 momentum stocks.
As of September 30, 2023, the Fund had significant exposures to the following sectors: Consumer Discretionary (29.6%), Industrials (27.7%) and Information Technology (16.0%).
The Sub-Adviser will reallocate the Fund’s portfolio on a periodic basis, generally each month.
The Fund may also invest up to 20% of its assets in cash and cash equivalents, other investment companies, as well as securities and other instruments.
Read More

QMOM - Performance

Return Ranking - Trailing

Period QMOM Return Category Return Low Category Return High Rank in Category (%)
YTD 28.9% -11.5% 91.2% 3.24%
1 Yr 47.3% 11.9% 81.9% 4.77%
3 Yr 6.3%* -27.9% 54.8% 5.04%
5 Yr 16.7%* -3.4% 101.5% 4.71%
10 Yr N/A* 2.3% 25.1% 57.91%

* Annualized

Return Ranking - Calendar

Period QMOM Return Category Return Low Category Return High Rank in Category (%)
2023 8.5% -27.7% 68.0% 91.00%
2022 -8.5% -85.6% 52.8% 2.70%
2021 -4.2% -74.9% 238.3% 61.90%
2020 61.7% -44.1% 2474.5% 6.15%
2019 28.4% -50.2% 44.0% 36.15%

Total Return Ranking - Trailing

Period QMOM Return Category Return Low Category Return High Rank in Category (%)
YTD 28.9% -11.5% 91.2% 3.24%
1 Yr 47.3% 11.9% 81.9% 4.77%
3 Yr 6.3%* -27.9% 54.8% 5.04%
5 Yr 16.7%* -3.4% 101.5% 4.71%
10 Yr N/A* 2.3% 25.1% N/A

* Annualized

Total Return Ranking - Calendar

Period QMOM Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% -26.1% 68.0% 96.55%
2022 -7.0% -67.0% 56.8% 4.05%
2021 -4.1% -23.5% 342.2% 93.25%
2020 62.0% 2.6% 2549.1% 10.25%
2019 28.4% 14.6% 44.8% 86.47%

QMOM - Holdings

Concentration Analysis

QMOM Category Low Category High QMOM % Rank
Net Assets 233 M 2.73 M 100 B 77.86%
Number of Holdings 51 24 3581 80.73%
Net Assets in Top 10 45.6 M 670 K 11.3 B 83.40%
Weighting of Top 10 20.65% 4.5% 98.2% 84.73%

Top 10 Holdings

  1. Evercore Inc 2.14%
  2. Arista Networks Inc 2.09%
  3. Carpenter Technology Corp 2.08%
  4. Nutanix Inc 2.08%
  5. Tidewater Inc 2.06%
  6. FTAI Aviation Ltd 2.06%
  7. Abercrombie Fitch Co 2.05%
  8. Weatherford International PLC 2.03%
  9. nVent Electric PLC 2.03%
  10. TechnipFMC PLC 2.03%

Asset Allocation

Weighting Return Low Return High QMOM % Rank
Stocks 		99.71% 58.72% 103.99% 17.94%
Cash 		0.31% 0.00% 28.07% 81.11%
Preferred Stocks 		0.00% 0.00% 5.73% 39.89%
Other 		0.00% -0.04% 14.45% 49.62%
Convertible Bonds 		0.00% 0.00% 0.40% 31.68%
Bonds 		0.00% 0.00% 2.73% 37.02%

Stock Sector Breakdown

Weighting Return Low Return High QMOM % Rank
Energy 		43.76% 0.00% 62.10% 2.48%
Consumer Defense 		16.40% 0.00% 16.40% 0.19%
Healthcare 		9.83% 0.00% 37.06% 92.18%
Technology 		8.10% 0.04% 62.17% 96.56%
Basic Materials 		7.91% 0.00% 17.25% 4.20%
Utilities 		5.99% 0.00% 12.94% 0.38%
Consumer Cyclical 		4.03% 0.00% 57.41% 97.14%
Financial Services 		2.05% 0.00% 43.01% 94.08%
Communication Services 		1.93% 0.00% 18.33% 63.36%
Real Estate 		0.00% 0.00% 19.28% 87.21%
Industrials 		0.00% 0.00% 38.23% 98.85%

Stock Geographic Breakdown

Weighting Return Low Return High QMOM % Rank
US 		99.71% 46.79% 103.99% 15.08%
Non US 		0.00% 0.00% 34.12% 49.24%

QMOM - Expenses

Operational Fees

QMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.02% 17.54% 95.80%
Management Fee 0.29% 0.00% 1.50% 5.16%
12b-1 Fee 0.00% 0.00% 1.00% 6.53%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

QMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

QMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QMOM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.00% 0.00% 250.31% 93.66%

QMOM - Distributions

Dividend Yield Analysis

QMOM Category Low Category High QMOM % Rank
Dividend Yield 0.68% 0.00% 33.43% 0.19%

Dividend Distribution Analysis

QMOM Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

QMOM Category Low Category High QMOM % Rank
Net Income Ratio -0.13% -2.24% 2.75% 16.28%

Capital Gain Distribution Analysis

QMOM Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

QMOM - Fund Manager Analysis

Managers

Wesley Gray

Start Date

Tenure

Tenure Rank

Dec 01, 2015

6.5

6.5%

Wesley R.Gray, Ph.D. has studied and been an active participant in financial markets throughout his career. After serving as a Captain in the USMC, Dr. Gray received a PhD, and was a finance professor at Drexel University. Dr. Gray's interest in entrepreneurship and behavioral finance led him to found Alpha Architect, LLC, an SEC-registered Investment Advisor, where he is the Executive Managing Member. Dr. Gray has published two books: Embedded: A Marine Corps Adviser Inside the Iraqi Army and Quantitative Value: A practitioner's guide to Automating Intelligent Investment and Eliminating Behavioral Errors. His work has been highlighted on CNN, NPR, Motley Fool, WSJ Market Watch, CFA Institute, Institutional Investor, and CBS news. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from the Wharton School at the University of Pennsylvania

John Vogel

Start Date

Tenure

Tenure Rank

Dec 01, 2015

6.5

6.5%

Dr. Vogel is a Managing Member of Empowered Funds, LLC and Empiritrage, where he heads the research department and assists in business development and operations. Dr. Vogel conducts research in empirical asset pricing and behavioral finance, and has collaborated with Dr. Gray on multiple projects. His academic experience involves being an instructor and research assistant at Drexel University in both the Finance and Mathematics departments. Dr. Vogel received a Ph.D. in Finance from Drexel University. He has a M.S. in Mathematics from Drexel University, and graduated summa cum laude with a B.S. in Mathematics and Education from The University of Scranton. Dr. Vogel holds the Series 65 license.

Brandon Koepke

Start Date

Tenure

Tenure Rank

Jun 26, 2020

1.93

1.9%

Mr. Brandon Koepke serves as Chief Technology Officer & Portfolio Manager. Mr. Koepke has a BSc in Computer Science specializing in Software Engineering at the University of Calgary and a BComm in Finance from the Haskayne School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.4 11.76

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