Overview
Large and mid-cap US stocks screened for high return on equity, stable earnings growth and low leverage — the quality factor in its purest index form.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corporation | 6.8% |
| AAPL | Apple Inc. | 5.9% |
| MSFT | Microsoft Corp. | 5.7% |
| META | Meta Platforms | 4.2% |
| AVGO | Broadcom Inc. | 3.4% |
| V | Visa Inc. | 3.1% |
| MA | Mastercard | 2.8% |
| LLY | Eli Lilly | 2.4% |
| COST | Costco Wholesale | 2.2% |
| UNH | UnitedHealth Group | 2.0% |
Fund Details
Investment Thesis
Quality is the factor with the strongest academic and practical pedigree: companies with high returns on equity, consistent earnings and conservative balance sheets have outperformed over long horizons with smaller drawdowns. QUAL applies the screen sector-neutrally, so it is a bet on the best businesses within each sector rather than a hidden technology overweight. It has quietly become one of the largest factor funds in the world because the premise needs no market timing to work.
Who It's For
Investors who want a systematically better-quality version of the large-cap market as a core holding, and those seeking downside resilience without giving up equity upside. A natural swap for part of an S&P 500 position.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $58.21 | -- |
| 2017 | $71.31 | +22.5% |
| 2018 | $67.32 | -5.6% |
| 2019 | $89.87 | +33.5% |
| 2020 | $104.97 | +16.8% |
| 2021 | $132.79 | +26.5% |
| 2022 | $105.56 | -20.5% |
| 2023 | $137.76 | +30.5% |
| 2024 | $169.17 | +22.8% |
| 2025 | $197.59 | +16.8% |
| Year | Yield |
|---|---|
| 2016 | 1.27% |
| 2017 | 1.32% |
| 2018 | 1.21% |
| 2019 | 1.25% |
| 2020 | 1.14% |
| 2021 | 1.18% |
| 2022 | 1.08% |
| 2023 | 1.11% |
| 2024 | 1.01% |
| 2025 | 1.01% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $3.0B | -- |
| 2017 | $4.1B | +36.7% |
| 2018 | $5.7B | +39.0% |
| 2019 | $7.9B | +38.6% |
| 2020 | $11B | +39.2% |
| 2021 | $15B | +36.4% |
| 2022 | $21B | +40.0% |
| 2023 | $29B | +38.1% |
| 2024 | $40B | +37.9% |
| 2025 | $55B | +37.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related US Broad Market ETFs
Markets. Intelligence. Daily.
Full briefs on 251 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →