Overview
Value half of the S&P 500, splitting the index by book-to-price, earnings-to-price and sales-to-price. A narrower, more rules-bound value definition than the broader CRSP or Russell approaches.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| BRK.B | Berkshire Hathaway | 3.4% |
| JPM | JPMorgan Chase | 3.1% |
| XOM | Exxon Mobil | 2.8% |
| UNH | UnitedHealth Group | 2.2% |
| JNJ | Johnson & Johnson | 2.1% |
| PG | Procter & Gamble | 2.0% |
| BAC | Bank of America | 1.8% |
| CVX | Chevron Corp. | 1.7% |
| WFC | Wells Fargo | 1.6% |
| ABBV | AbbVie Inc. | 1.5% |
Fund Details
Investment Thesis
IVE carves the S&P 500 into its value half using three explicit valuation ratios, producing a cleaner and more transparent methodology than funds relying on a single metric. Because it draws only from S&P 500 constituents, every holding has already passed the index committee's profitability and liquidity screens — so IVE is a quality-filtered value fund by construction. That screening is the main structural difference from Russell-based alternatives, which reach further down the quality spectrum.
Who It's For
Investors who want S&P 500 value exposure specifically, rather than a broader value universe, and who value the implicit quality screen that S&P 500 membership provides. IVE suits those constructing a style barbell alongside IVW, or anyone deliberately underweighting the mega-cap growth concentration of the headline index.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $96.18 | -- |
| 2017 | $112.53 | +17.0% |
| 2018 | $106.45 | -5.4% |
| 2019 | $133.71 | +25.6% |
| 2020 | $136.78 | +2.3% |
| 2021 | $172.21 | +25.9% |
| 2022 | $168.59 | -2.1% |
| 2023 | $184.10 | +9.2% |
| 2024 | $210.06 | +14.1% |
| 2025 | $234.85 | +11.8% |
| Year | Yield |
|---|---|
| 2016 | 2.38% |
| 2017 | 2.24% |
| 2018 | 2.58% |
| 2019 | 2.44% |
| 2020 | 2.38% |
| 2021 | 2.08% |
| 2022 | 2.24% |
| 2023 | 2.38% |
| 2024 | 2.14% |
| 2025 | 1.88% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $8B | -- |
| 2017 | $11B | +37.5% |
| 2018 | $10B | -9.1% |
| 2019 | $13B | +30.0% |
| 2020 | $15B | +15.4% |
| 2021 | $19B | +26.7% |
| 2022 | $17B | -10.5% |
| 2023 | $22B | +29.4% |
| 2024 | $31B | +40.9% |
| 2025 | $38B | +22.6% |
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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