At a glance
LSVD charges 0.4% a year, above the 0.14% average of the 6 funds most like it (the most expensive of 7). It has $649.2M in assets, the 7th largest of that group. Its ten largest positions make up 33.2% of the fund, out of 130 in all.
The short version
LSV Disciplined Value ETF (LSVD) is an actively managed fund. It uses a quantitative model to pick US stocks that look cheap but show signs of improvement, while staying close to the S&P 500. Because of that tight leash, its largest holdings as of July 31, 2026 were NVIDIA, Apple and Amazon, not typical value names. At 0.40% a year, it costs more than all six similar value ETFs it was compared with.
Price history
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LSVD — 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 | |
|---|---|---|---|---|---|---|
| LSVD official prospectus, to Dec 31, 2025 | — | +18.53% | — | — | — | — |
| S&P 500 Index (reflects no deductions for fees, expenses, or taxes) index, same period | — | +14.06% | — | — | — | — |
| LSVD price data to Oct 27, 2026 | +5.6% | — | — | — | — | — |
- The deepest fall in its price history was 2.7% (Sep 3, 2026 to Oct 23, 2026), not yet recovered.
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Jul 31, 2026, the fund held 130 securities; the ten largest made up 33.21% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORPORATION | 6.39% | |
| APPLE INC. | 4.94% | |
| AMAZON.COM, INC. | 4.14% | |
| ALPHABET INC. | 3.92% | |
| ALPHABET INC. | 3.37% | |
| MICROSOFT CORPORATION | 3.12% | |
| META PLATFORMS, INC. | 1.99% | |
| APPLIED MATERIALS, INC. | 1.88% | |
| CISCO SYSTEMS, INC. | 1.75% | |
| MICRON TECHNOLOGY, INC. | 1.71% | |
| JPMORGAN CHASE & CO. | 1.71% | |
| DELL TECHNOLOGIES INC. | 1.53% | |
| MERCK & CO., INC. | 1.43% | |
| SALESFORCE, INC. | 1.20% | |
| BRISTOL-MYERS SQUIBB COMPANY | 1.10% |
By country
United States 99.27%By asset type
Stocks 99.27%By sector
Sectors of the companies held, for the 71.2% 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 Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $499K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.45%, -1.06%, +6.89%.
How it works
LSVD is actively managed, so an adviser picks the stocks instead of copying an index. The fund invests at least 80% of its net assets in stocks, mainly US common stocks of companies worth $1 billion or more when bought. The adviser looks for out-of-favor companies whose shares look cheap compared with their earnings, book value (roughly, what the company's assets are worth on paper), revenue or cash flow, but which show signs of recent improvement. The bet is that these companies will beat the market's low expectations.
A quantitative model drives the choices. This is a computer-based system that ranks stocks. It scores them on value measures such as the price-to-earnings ratio and on signs of near-term momentum such as recent price gains. The fund buys from the higher-ranked stocks and sells stocks whose rankings have fallen, subject to overall risk controls.
The most important mechanical point is the leash. The adviser runs a "low tracking error" strategy, which means it aims to keep returns close to the S&P 500's. Sector and industry weights must stay within plus or minus 5% of the index's weights, and each stock within plus or minus 3%. That is why NVIDIA (6.4%), Apple (4.9%) and Amazon (4.1%) led its 130 holdings as of July 31, 2026, with the top 10 making up 33% of assets.
What it really costs
- LSVD charges 0.4% a year, versus an average of 0.14% for the similar funds below (7th of 7, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $41 in the first year and $505 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| LSVD | $41 | $128 | $224 | $505 |
In a retirement portfolio
It holds about 130 large US stocks and is managed to stay close to the S&P 500, with only a modest value tilt.
LSVD could work as a core US stock holding for investors who want a mild value tilt without straying far from the S&P 500. Its record is short. It launched on December 17, 2024, so it did not exist during the 2008, 2020 or 2022 sell-offs. Its weakest quarter was a 4.63% loss in early 2025. Its deepest drop in price data since June 2026 was 2.7%, from September 3 to October 23, 2026, and it had not recovered as of October 27. Its beta of 0.94 (a measure of how closely a fund moves with the market) means it has moved nearly in step with stocks overall. Someone selling shares in a bad year would likely face losses close to the market's.
It pays distributions once a year, and its trailing 12-month yield was 0% as of October 27, 2026. In the SEC's standard example on $10,000, costs come to $41 in the first year and $505 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 wanting an S&P 500-like core with a modest value and momentum tilt, since sector and stock weights stay close to the index.
- People willing to pay 0.40% a year for active, model-driven stock picking instead of a passive value index.
- Long-term holders who don't need regular income, since it pays once a year and its trailing yield was 0% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: SPYV, IUSV and VTV charge 0.04% a year, and LSVD ranked 7th of 7 on cost among similar funds.
- Investors wanting a traditional deep-value portfolio, since NVIDIA, Apple and Amazon were its largest holdings as of July 31, 2026.
- Those wanting a long track record or a large fund: it launched in December 2024 and had $649 million in net assets as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| LSVD this fund | — | 0.4% | $649.2M | — | — |
| IWD iShares Russell 1000 Value ETF | 32% | 0.19% | $79.74B | +28.8% | +22.2% |
| CGDV Capital Group Dividend Value ETF | 31% | 0.33% | $38.69B | +15.6% | +23.9% |
| SPYV SPDR Portfolio S&P 500 Value ETF | 28% | 0.04% | $35.30B | +16.8% | +17.8% |
| IVE iShares S&P 500 Value ETF | 28% | 0.18% | $47.74B | +16.7% | +17.7% |
| IUSV iShares Core S&P U.S. Value ETF | 27% | 0.04% | $26.46B | +16.8% | +17.8% |
| VTV Vanguard Value ETF | 25% | 0.04% | $254.48B | +25.4% | +22.3% |
Questions investors ask
Is LSVD good for retirement?
It may suit retirement savers who want a fund of large US companies that stays close to the S&P 500 with a value tilt, but it has drawbacks. It launched in December 2024, so it has never been through a bear market. At 0.40% a year, it costs more than all six similar funds it was compared with, which averaged 0.14%. It pays distributions only once a year, so it is not built for regular income.
Why does a value ETF like LSVD hold NVIDIA and Apple?
Because it is managed close to the S&P 500. Its rules keep sector and industry weights within plus or minus 5% of the index's weights, and each stock within plus or minus 3%. NVIDIA, Apple and Amazon are among the index's largest companies, so they were also LSVD's largest holdings as of July 31, 2026, at 6.4%, 4.9% and 4.1%. The value tilt shows up as modest over- and underweights. It does not mean avoiding big growth companies.
LSVD vs IWD: what's the difference?
IWD, the iShares Russell 1000 Value ETF, tracks a value index passively and charges 0.19% a year. LSVD is actively managed with a quantitative model and charges 0.40%. Their holdings overlapped by 32% in the latest reports, the most of any similar fund. IWD is far larger, with about $79.7 billion in net assets as of June 30, 2026, against LSVD's $649 million as of July 31, 2026. LSVD is also built to stay close to the S&P 500, not to a value index.
How has LSVD performed compared with the S&P 500?
It beat the index in its first full year. The prospectus reports a one-year return of 18.53% through December 31, 2025, against 14.06% for the S&P 500. Its strongest quarter was a 10.09% gain in the second quarter of 2025, and its weakest was a 4.63% loss in the first quarter. Based on price, it was up 5.6% for 2026 through October 27. One strong year is a short record, and past results don't predict future returns.
Does LSVD pay dividends?
It makes distributions once a year, but income is not its goal. The fund's stated objective is long-term growth of capital, and its trailing 12-month yield was 0% as of October 27, 2026. That makes it a poor fit for investors who want regular cash payments. Those who rely on portfolio income may want to compare it with dividend-focused funds such as the Capital Group Dividend Value ETF (CGDV), which was one of its similar funds.