Applied Finance IVS International SMID ETF (IVSX) Analysis

The Applied Finance IVS International SMID ETF (IVSX) seeks to achieve growth by investing in small- and mid-cap companies located in developed markets, excluding North America. This actively managed fund utilizes proprietary research, valuation models, and the Intrinsic Value Stewardship (IVS) model to select stocks. The IVS model considers factors such as valuation, growth, profitability, and business strategy. IVSX typically holds at least 150 positions across various countries and sectors, providing diversification within the international small- and mid-cap space. The fund's adviser may concentrate its investments in certain holdings if justified by its research. Positions are sold if they no longer offer compelling investment opportunities or become too large relative to the portfolio. By focusing on fundamental analysis and active management, IVSX aims to outperform passive benchmarks in the international small- and mid-cap equity market. The fund's investment approach is designed for investors seeking long-term growth potential through a carefully selected portfolio of international stocks.

As an actively managed fund investing in international small- and mid-cap equities, IVSX carries several risks. The fund's active management strategy relies heavily on the adviser's proprietary research and valuation models, which may not always be accurate or successful. Investing in small- and mid-cap companies involves higher volatility compared to larger, more established firms. International investments are subject to currency fluctuations and political or economic instability in the countries where the fund invests. With an expense ratio of 0.75%, IVSX has a higher cost than some passively managed ETFs, which can create a drag on performance. The fund's beta is currently 0.00. Their risk tolerance and investment horizon may be worth researching before investing in IVSX, as past performance does not guarantee future results.

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