Overview
Systematic active fund owning small US companies trading at low valuations with high profitability — the academic small-value premium, implemented by ex-Dimensional managers.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| GAP | Gap Inc. | 1.1% |
| AAL | American Airlines | 1.0% |
| EQT | EQT Corp. | 0.9% |
| SM | SM Energy | 0.8% |
| JXN | Jackson Financial | 0.8% |
| CNX | CNX Resources | 0.8% |
| AR | Antero Resources | 0.7% |
| THC | Tenet Healthcare | 0.7% |
| SKYW | SkyWest Inc. | 0.7% |
| CADE | Cadence Bank | 0.7% |
Fund Details
Investment Thesis
Small-cap value is the most researched return premium in finance, and AVUV is its best modern implementation — screening out the unprofitable junk that drags down plain small-value indexes. The result: crushing outperformance versus the Russell 2000 Value since 2019 and a +40% trailing year as the small-cap rotation finally arrived. At $29B it has become the default factor fund of a generation of evidence-based investors.
Who It's For
Long-horizon investors tilting toward the small-value premium with real conviction, who can stomach multi-year stretches of trailing the S&P 500 waiting for the factor to pay. Best as a satellite to a broad core, sized to your patience.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $49.78 | -- |
| 2020 | $51.28 | +3.0% |
| 2021 | $71.79 | +40.0% |
| 2022 | $67.48 | -6.0% |
| 2023 | $81.65 | +21.0% |
| 2024 | $89.81 | +10.0% |
| 2025 | $97.00 | +8.0% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | 1.50% |
| 2021 | 1.00% |
| 2022 | 1.50% |
| 2023 | 1.60% |
| 2024 | 1.40% |
| 2025 | 1.30% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | $0.5B | -- |
| 2021 | $2.5B | +400.0% |
| 2022 | $4B | +60.0% |
| 2023 | $8B | +100.0% |
| 2024 | $15B | +87.5% |
| 2025 | $22B | +46.7% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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