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
31.5 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) | $32 |
| 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) | $1,758 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 39.7% |
| Small cap (<$2bn) | 59.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.9% | 22.3% | 9.2% | 3.2% | 10.7% | -- | 8.5% | Volatility | 19.0% | 19.6% | 20.0% | 21.5% | 27.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 65% |
| MSCI EAFE | 0.98 | 62% |
| MSCI Emg Mkts | 0.68 | 29% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $3,160 |
Technical Indicators
| Recent close | $45.07 |
| 30d moving avg. | $41.60 |
| Annualized volatility | 22.0% |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | +1.5% |
| AFSM | First Trust Active Factor Small Cap ETF | 24.6% | +15 bp | -0.8% |
| DSMC | Distillate Small/Mid Cash Flow ETF | 23.5% | -5 bp | +5.0% |
| CALF | Pacer US Small Cap Cash Cows 100 ETF | 21.8% | -1 bp | -2.0% |
| EES | WisdomTree U.S. SmallCap Fund | 21.0% | -22 bp | +1.9% |
| CSML | IndexIQ ETF Trust IQ U.S. Small Cap ETF | 19.6% | -25 bp | -2.3% |
| SSLY | Syntax Stratified SmallCap ETF | 19.5% | -20 bp | +0.5% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 19.0% | -1 bp | -3.2% |
| AVUV | Avantis U.S. Small Cap Value ETF | 18.9% | -35 bp | +1.6% |
| XSHQ | Invesco S&P SmallCap Quality ETF | 18.3% | -31 bp | +1.2% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 11/22/2024
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
6.9%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. SQLV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places SQLV in the 75th 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. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .