USVT — US Value ETF
Data updated: 2024-04-19
USVT — US Value ETF. United States Mid Cap Value Equity · $6.62M AUM · 0.49% expense ratio · 9.6% 1-yr return. Holdings, fees, performance and SEC filings.
USVT Fund Overview
USVT — US Value ETF is a US ETF managed by Ultimus Managers Trust, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Ultimus Managers Trust
- Category: United States Mid Cap Value Equity
- Assets under management: $6.62M
- 1-year return: 9.6%
- Ticker: USVT
- SEC CIK: 0001545440
- SEC series ID: S000072496
- Share class ID: C000228796
USVT Investment Objective and Strategy
US Value ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ultimus Managers Trust.
Investment objective
The U.S. Value ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Lyrical U.S. Value Index (the Index).
Principal investment strategy
The Lyrical U.S. Value Index (the Index), developed by Lyrical Asset Management LP (the Adviser), seeks to create a passively managed proxy for deep value investing by using propriety investment screens to identify 200 stocks from a universe of potential investment candidates of the cheapest quintile (e.g., bottom one-fifth) of the top 1,000 US stocks by market capitalization, based on one year forward median analyst projected price to earnings ratio, per FactSet Research Systems Inc. (FactSet). Cheapest is defined as the lowest projected forward price-to-earnings ratio for the next twelve months (NTM P/E). The NTM P/E is determined using the greater of the non-GAAP or GAAP median consensus estimate of forward price-to-earnings ratio available as of each quarter-end. Each stock in the cheapest quintile is then equally weighted as compared to other stocks within the Index.
As a result, it is anticipated that the Index will be comprised primarily of mid-capitalization US companies. GKD Index Partners LLC d/b/a Alerian (the Index Provider), who is not affiliated with the Adviser or the Fund, compiles and calculates the Index. The Index and the Fund are each reconstituted and rebalanced on a quarterly basis. The Index was established on August 27, 2021. The capitalization range of the Index was $3 billion to $520 billion as of December 31, 2023. The components of the Index, and the degree to which these components represent certain industries, may change over time. The Fund employs an indexing investment approach designed to track the performance of the Index. The Fund attempts to replicate the Index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding stock of each company in the Index in approximately the same proportion as its weighting in the Index.
The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in an industry or group of industries to approximately the same extent that the Index reflects a concentration in that industry or group of industries. The components of the Index and the percentages represented by various sectors in the Index may change over time, thus the Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time. The Indexs methodology does not focus on industries and instead screens individual companies. As a result, it is possible, but not likely, that the Index may, at times, be concentrated in one or more industries.
USVT Holdings
Top 10 holdings of US Value ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Applovin Corporation | 0.70% |
| Vistra Energy Corporation | 0.68% |
| Allison Transmission Holdings Inc | 0.63% |
| Tapestry Inc | 0.61% |
| Vontier Corporation | 0.60% |
| Diamondback Energy Inc | 0.58% |
| Ovintiv Inc | 0.58% |
| Dell Technologies Inc | 0.58% |
| Academy Sports and Outdoors Inc | 0.58% |
| Western Midstream Partners LP | 0.57% |
USVT Portfolio Allocation
Asset-class allocation of US Value ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
USVT Performance
Total returns for USVT (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.6% |
| 3 years (annualised) | 9.1% |
USVT Risk Information
Risk metrics for USVT, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.2%
USVT Costs and Fees
USVT costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 2.55%
- Portfolio turnover: 82%
- Brokerage commissions: 4.23 bps of average net assets (SEC N-CEN)
USVT Cashflows
Over the 12 months to 2024-02, US Value ETF had net outflows of $8.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-02 | $0 |
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $0 |
| 2023-09 | $0 |
USVT Debt Constituents
No individual debt constituents are reported in US Value ETF's latest SEC N-PORT filing.
USVT Prospectus and SEC Filings
Official US Value ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-03-28
- Prospectus (485BPOS) — filed 2023-03-30
- Prospectus supplement (497) — filed 2022-04-04
- Portfolio holdings (N-PORT) — filed 2024-04-19
- Portfolio holdings (N-PORT) — filed 2024-01-25
- Portfolio holdings (N-PORT) — filed 2023-10-23
- Annual census (N-CEN) — filed 2024-02-12
- Annual census (N-CEN) — filed 2023-02-10
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.