Summary
- AVLV is actively managed, with the benchmark being the Russell 1000 Value index; the strategy revolves around the large-size, value, and quality factors.
- AVLV's returns were robust in the past, yet a few peers like RPV and VFVA still did better.
- I reckon this vehicle might appeal to quality-oriented investors who would like to own a portfolio of cheaper names with a minimal risk of the presence of value traps.
- I highlight a large share of stocks with a D+ Valuation grade and worse despite an appealing earnings yield as a major risk worth paying attention to.
For further details see:
AVLV: Low-Cost Value ETF With High-Quality Holdings