Summary
Applied Finance IVS US SMID ETF is an ETF - a fund traded on an exchange like a stock - run by Applied Finance. Positions inside: 358. The ten largest make up 14% of the fund.
- Yearly costs
- 0.59%
- Fund size
- $28.3M
- Positions
- 358
- Running since
- 2025
What speaks for it
- Widely spread: the ten largest positions make up only 14% of the fund.
What to watch
- 90% of the fund is in one country (United States).
- Costs of 0.59% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2025.
- A small fund with $28.3M under management; small funds get closed more often.
- It trades little: only about $104.2K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +1.3%
- 3 months
- -2.5%
- This year
- +18%
- Avg. market cap
- $4.98B
- P/E
- 15.0x
- Forward P/E
- 12.3x
- P/S
- 1.5x
- P/B
- 3.3x
- P/FCF
- 9.8x
- EV/EBITDA
- 10.1x
- Dividend yield
- 1.03%
- ROIC
- 18.6%
- ROE
- 45.9%
- Gross margin
- 47.9%
- Operating margin
- 21.5%
- Net margin
- 17.4%
- Payout ratio
- 15.5%
- Net debt/EBITDA
- 1.9x
- Beta
- 0.52
Weighted average of the 50 largest companies, which make up 44% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 DADave Inc. DAVE 1.8%
- 2 IDInterDigital IDCC 1.7%
- 3 HQHealthEquity HQY 1.6%
- 4 INIndivior Pharmaceuticals Inc INDV 1.5%
- 5 PJPJT Partners Inc. PJT 1.4%
- 6 OTOtter Tail OTTR 1.4%
- 7 SWSouthwest Gas Holdings, Inc. SWX 1.3%
- 8 SESezzle Inc. SEZL 1.3%
- 9 TNTriNet Group, Inc. TNET 1.3%
- 10 MCMercury General Corporation MCY 1.2%
Positions in the fund: 358. The ten largest make up 14% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy country
- United States 90%
- Bermuda 4.0%
- Monaco 1.1%
- Uruguay 1.0%
- Other countries 4.1%
By company size
- Large cap 1.1%
- Mid cap 75%
- Small cap 23%
- Micro cap 0.7%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest country: United States (90%). Largest size group: Mid cap (75%).
What does it cost me?
Expensive- A year from $10,000
- $59.00
- Over 20 years
- $2,828
From every $10,000 invested the fund takes $59.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,828.
How has it done?
- Deepest drop
- -8.5%
- Yearly volatility
- 14%
It has traded for less than a year, too short to judge.
Does it pay dividends?
We have no record of payments from this fund.
Is it easy to buy and sell?
It trades little- Traded a day
- $104.2K
- Shares a day
- 3.5K
On an average day about $104.2K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 15.0
- Average Bulios Score
- 68 out of 100
Weight by Bulios Fair Price
- Undervalued 38%
- Fairly valued 21%
- Overvalued 41%
On average the companies inside trade for 15.0 times their yearly profit. By Fair Price, 41% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 44% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
EB EBIT Harbor AlphaEdge Small Cap Earners ETF (EBIT) | United States | 0.29% | $11.5M | +16% | Pays out | 34% |
FL FLQS Franklin U.S. Small Cap Multifactor Index ETF | United States | 0.35% | $67.6M | +11% | Pays out | 30% |
PS PSC Principal U.S. Small-Cap Multi-Factor ETF | United States | 0.38% | $1.17B | +19% | Pays out | 30% |
ET ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF | Ireland | 0.30% | $220.5M | +21% | Reinvests | 29% |
RE RESM Columbia Research Enhanced Small Cap ETF | United States | 0.32% | $114.4M | - | - | 29% |
LI LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF | United States | 0.91% | $5.86M | +20% | Pays out | 27% |