SQLV
Royce Quant Small-Cap Quality Value ETF
The Legg Mason Small-Cap Quality Value ETF tracks an index of multi-factor selected, fundamentally weighted US small-cap stocks.
US
EQUITY
Active
MANAGEMENT STYLE
27.5 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Legg Mason |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 12, 2017 |
| Assets (mns) | $28 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALLIANCE DATA SYSTEMS CORP | 1.1 % |
| CONSENSUS CLOUD SOLUTIONS, INC. | 0.9 % |
| MASTERBRAND INC | 0.8 % |
| INTERNATIONAL BANCSHARES CRP | 0.8 % |
| EASTERN BANKSHARES, INC. | 0.7 % |
| S & T BANCORP INC | 0.7 % |
| BOFI HOLDING INC | 0.7 % |
| CAL-MAINE FOODS INC | 0.7 % |
| DXC TECHNOLOGY CO. | 0.7 % |
| VICTORY CAPITAL HOLDING - A | 0.7 % |
Constituent Breakdown
| Number of holdings | 245 |
| Herfindahl-Hirschman Index | 49 |
| Wgt avg mkt cap (mns) | $1,919 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 42.7% |
| Small cap (<$2bn) | 56.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.5% | 25.2% | 12.7% | 7.3% | 12.3% | -- | 9.9% | Volatility | 19.0% | 19.6% | 20.0% | 21.5% | 27.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 66% |
| MSCI EAFE | 0.99 | 57% |
| MSCI Emg Mkts | 0.64 | 24% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $2,876 |
Technical Indicators
| Recent close | $42.37 |
| 30d moving avg. | $44.93 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 5.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SQLV |
Expenses vs. SQLV |
ALTAR Score™ vs. SQLV |
|---|---|---|---|---|
| ROSC | Hartford Multifactor Small Cap ETF | 29.5% | -26 bp | +1.6% |
| AFSM | First Trust Active Factor Small Cap ETF | 22.9% | +15 bp | -0.7% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 21.9% | -1 bp | -2.4% |
| EES | WisdomTree U.S. SmallCap Fund | 21.0% | -22 bp | +2.0% |
| DSMC | Distillate Small/Mid Cash Flow ETF | 21.0% | -5 bp | +5.5% |
| CSML | IndexIQ ETF Trust IQ U.S. Small Cap ETF | 19.6% | -25 bp | -3.2% |
| SSLY | Syntax Stratified SmallCap ETF | 19.5% | -20 bp | -0.6% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 18.9% | -1 bp | -3.5% |
| AVUV | Avantis U.S. Small Cap Value ETF | 18.9% | -35 bp | +2.0% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 18.5% | -31 bp | +1.6% |
Risk and Returns: SQLV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SQLV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
SQLV
7.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. SQLV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places SQLV in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SQLVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| SQLV (60 bp) Percentile rank | 44 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SQLV | 60.0 | 16.5 | 76.5 |
| Peer Avg. | 44.4 | 19.4 | 63.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .