At a glance
AIVL charges 0.38% a year, above the 0.21% average of the 6 funds most like it (the 6th cheapest of 7). It has $416.3M in assets, the 6th largest of that group; it paid 1.46% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +18.1% with distributions reinvested (S&P 500: +11.5%), the weakest of those 7 funds; over three years it returned +19.2% a year. Its ten largest positions make up 34.0% of the fund, out of 102 in all.
The short version
WisdomTree U.S. AI Enhanced Value Fund (AIVL) is an actively managed ETF that holds about 100 U.S. value stocks. An artificial intelligence model built by its sub-adviser, Voya Investment Management, picks them each month. The fund uses AI to choose stocks; it does not target AI companies. It has moved less than the broad market. However, its 0.38% expense ratio is above the 0.21% average of similar funds, and it trailed all six of them over one and three years through October 27, 2026.
Price history
The interactive chart needs JavaScript.
AIVL +18.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| AIVL official prospectus, to Dec 31, 2025 | — | +9.63% | — | +8.96% | +8.16% | — |
| Index7 index, same period | — | +13.19% | — | +12.96% | +11.73% | — |
| Index8 index, same period | — | +17.75% | — | +13.87% | +14.79% | — |
| AIVL price data to Oct 27, 2026 | +17.8% | +18.1% | +19.2% | — | — | +8.6% |
- Over the year to Oct 27, 2026, AIVL returned +18.1%, 7th of 7 among similar funds.
- Its worst full calendar year was 2023 (+7.2%); its best was 2024 (+13.5%).
- The deepest fall in its price history was 18.1% (Apr 20, 2022 to Sep 30, 2022), recovered by Feb 15, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +17.8% | — |
| 2025 | +9.7% | +9.63% |
| 2024 | +13.5% | +13.55% |
| 2023 | +7.2% | +7.13% |
| 2022 | — | -7.23% |
| 2021 | — | +24.13% |
| 2020 | — | -5.81% |
| 2019 | — | +24.41% |
| 2018 | — | -9.40% |
| 2017 | — | +13.79% |
| 2016 | — | +18.10% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Jan 19, 2022 |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jan 19, 2022 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Not in the price data, which starts Jan 19, 2022 |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.4100 | |
| 2025 | $1.8500 | -18.9% |
| 2024 | $2.2800 | -2.1% |
| 2023 | $2.3300 |
What's inside
As of Jun 30, 2026, the fund held 102 securities; the ten largest made up 34.03% of assets.
| Holding | Weight | |
|---|---|---|
| MICRON TECHNOLOGY INC | 5.64% | |
| BANK OF AMERICA CORP | 4.04% | |
| US BANCORP | 3.44% | |
| ALTRIA GROUP INC | 3.21% | |
| TELEDYNE TECHNOLOGIES INC | 3.09% | |
| DANAHER CORP | 3.07% | |
| MEDTRONIC PLC | 2.98% | |
| PROCTER & GAMBLE COMPANY (THE) | 2.95% | |
| NISOURCE INC | 2.94% | |
| FORTIVE CORP | 2.68% | |
| CIENA CORP | 2.62% | |
| NASDAQ INC | 2.48% | |
| CENTERPOINT ENERGY INC | 2.42% | |
| COMCAST CORP | 2.39% | |
| RTX CORP | 2.33% |
By country
United States 92.3%Ireland 3.49%Bermuda 1.06%Canada 1.02%Cayman Islands 0.94%By asset type
Stocks 99.54%By sector
Sectors of the companies held, for the 63.4% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $6.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +6.24%, +2.85%, +4.01%.
How it works
AIVL does not track an index. It starts from a pool of U.S.-listed stocks with value traits. That means a low price-to-book ratio (share price compared with the company's net worth on its books), a low price-to-earnings ratio, high free cash flow, or membership in an outside value index. To qualify, a company needs a market value of at least $100 million and must meet minimum trading-volume tests. The fund keeps at least 80% of its net assets in U.S. value stocks.
Voya's AI model scans more than 20 years of data. This includes financial statements and text such as press releases and news articles. The model looks for patterns that point to stocks that could beat the broad U.S. market. It is usually updated monthly and selects between 60 and 190 stocks. It weights each stock by its model score, and no single company can exceed 6%. Voya oversees the model and steps in only in limited cases, such as mergers. Between updates, the fund may still hold stocks the model no longer favors.
Portfolio turnover was 94%, so the fund trades heavily. Those trading costs are not part of the expense ratio. As of June 30, 2026, the fund held 102 stocks and used no derivatives. The 10 largest holdings made up 34% of assets, led by Micron Technology (5.6%), Bank of America (4.0%) and U.S. Bancorp (3.4%). Financials, industrials and information technology were its largest sectors.
What it really costs
- AIVL charges 0.38% a year, versus an average of 0.21% for the similar funds below (6th of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $39 in the first year and $480 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| AIVL | $39 | $122 | $213 | $480 |
In a retirement portfolio
Its AI-picked value stocks overlap less than 20% with any similar fund, and over the past year it moved less than the market, so it may complement a growth-heavy core.
AIVL's prospectus record goes back further than its price history. In the 10 calendar years from 2016 to 2025, it lost money in three: 9.4% in 2018 (its weakest year), 5.81% in 2020 and 7.23% in 2022. Its worst quarter was a 29.59% drop in early 2020. In price data starting January 2022, its deepest fall was 18.1%, from April to September 2022. It took about 16.5 months after that low to fully recover. Someone selling shares in a stretch like that would lock in losses. No figures are available for 2008.
The fund paid a 1.46% yield as of October 27, 2026, in quarterly payments. That is modest income. In the SEC's standard example, $10,000 invested would cost about $480 in fees over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want U.S. value stocks picked each month by a quantitative AI model rather than a fixed index, and accept 94% annual turnover.
- Holders wanting a value fund that has moved less than the market: one-year beta of 0.57 and 11.4% volatility as of October 27, 2026.
- Those looking beyond big value index funds: its largest overlap with any similar fund is 18%, with holdings like Micron, Altria and Teledyne.
Look elsewhere if
- Cost-focused investors: the 0.38% expense ratio compares with 0.04% for Vanguard Value ETF (VTV) and a 0.21% average among similar funds.
- Anyone seeking exposure to AI companies: AI only selects the stocks, and holdings include Bank of America, U.S. Bancorp and Procter & Gamble.
- Investors who weigh track record heavily: it ranked 7th of 7 similar funds over one and three years and trailed its prospectus benchmarks over 10 years.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| AIVL this fund | — | 0.38% | $416.3M | +18.1% | +19.2% |
| VTV Vanguard Value ETF | 18% | 0.04% | $254.48B | +25.4% | +22.3% |
| VLUE iShares MSCI USA Value Factor ETF | 16% | 0.15% | $9.07B | +53.1% | +34.9% |
| FDL First Trust Morningstar Dividend Leaders In… | 14% | 0.45% | $7.29B | +26.1% | +23.9% |
| REVS Columbia Research Enhanced Value ETF | 14% | 0.19% | $333.7M | +22.2% | +23.6% |
| DFLV Dimensional US Large Cap Value ETF | 13% | 0.22% | $6.77B | +27.5% | +23.4% |
| DFUV Dimensional US Marketwide Value ETF | 13% | 0.21% | $15.43B | +28.9% | +21.4% |
Questions investors ask
Does AIVL invest in artificial intelligence companies?
No. The "AI" in the name refers to how the fund picks stocks, not what it owns. A machine-learning model from sub-adviser Voya Investment Management selects 60 to 190 U.S. value stocks each month. As of June 30, 2026, the largest holdings were Micron Technology, Bank of America, U.S. Bancorp, Altria and Teledyne Technologies. Financials and industrials were major sectors, along with information technology.
What's the difference between AIVL and VTV?
Cost, size and stock selection. AIVL charges 0.38% a year, compared with 0.04% for Vanguard Value ETF (VTV). AIVL had $416 million in net assets as of June 30, 2026, against about $254 billion for VTV. AIVL's stocks come from a monthly AI model, and only 18% of its holdings overlap with VTV's. VTV returned 25.4% over one year and 22.3% a year over three years. AIVL returned 18.1% and 19.2% as of late October 2026.
Does AIVL pay dividends?
Yes. AIVL pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $1.96 per share, a yield of 1.46%. The fund's stated goal is both income and capital appreciation. Even so, the yield is modest because the AI model ranks stocks on overall value and growth potential, not dividend size. Payments can rise or fall as holdings change each month.
How has AIVL performed over the long term?
It has posted moderate gains but trailed its benchmarks. As of December 31, 2025, AIVL's average annual return was 8.16% over 10 years, 8.96% over five years and 9.63% over one year. The two indexes in its prospectus returned 11.73% and 14.79% a year over 10 years. Based on price, the fund gained 18.1% over one year and 19.2% a year over three years as of October 27, 2026. That still ranked last among six similar funds.
What is AIVL's expense ratio?
AIVL's expense ratio is 0.38%, made up entirely of its management fee, with no fee waiver. In the SEC's standard example, a $10,000 investment earning 5% a year would cost about $39 in the first year and $480 over 10 years. Similar funds average 0.21%, and AIVL ranks 6th of 7 on cost. Its 94% turnover also adds trading costs that are not included in the expense ratio.