Overview
The value half of the S&P 600 — around 513 profitable small caps trading cheap on book, earnings and sales.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MLI | Mueller Industries | 1.1% |
| JXN | Jackson Financial | 1.0% |
| CMA | Comerica Inc. | 0.9% |
| AL | Air Lease Corp. | 0.8% |
| SKYW | SkyWest Inc. | 0.8% |
| MOG.A | Moog Inc. | 0.7% |
| AWI | Armstrong World Ind. | 0.7% |
| GATX | GATX Corp. | 0.6% |
| ZION | Zions Bancorp | 0.6% |
| THC | Tenet Healthcare | 0.6% |
Fund Details
Investment Thesis
IJS stacks two screens the academic literature loves: the S&P 600's profitability requirement plus a value sort — cheap small caps that actually make money. That combination historically outran both the plain small-cap index and unprofitable deep-value rivals, and the +24% trailing year extended the small-value revival. A quarter-century of live history makes it the veteran vehicle for the trade AVUV and DFAT run actively.
Who It's For
Small-cap value investors who want the index-fund version with a built-in earnings filter and 25 years of track record. The passive benchmark the active factor funds measure themselves against.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $65.96 | -- |
| 2017 | $69.26 | +5.0% |
| 2018 | $60.25 | -13.0% |
| 2019 | $72.91 | +21.0% |
| 2020 | $74.36 | +2.0% |
| 2021 | $96.67 | +30.0% |
| 2022 | $85.07 | -12.0% |
| 2023 | $97.83 | +15.0% |
| 2024 | $103.70 | +6.0% |
| 2025 | $112.00 | +8.0% |
| Year | Yield |
|---|---|
| 2016 | 1.50% |
| 2017 | 1.40% |
| 2018 | 1.70% |
| 2019 | 1.60% |
| 2020 | 1.40% |
| 2021 | 1.10% |
| 2022 | 1.50% |
| 2023 | 1.60% |
| 2024 | 1.50% |
| 2025 | 1.40% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4B | -- |
| 2017 | $5B | +25.0% |
| 2018 | $5.5B | +10.0% |
| 2019 | $6B | +9.1% |
| 2020 | $5.5B | -8.3% |
| 2021 | $8B | +45.5% |
| 2022 | $7B | -12.5% |
| 2023 | $7B | +0.0% |
| 2024 | $7.5B | +7.1% |
| 2025 | $7.5B | +0.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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