# MVPA (Miller Value Partners Appreciation ETF)

Miller Value · Stock ETFs · U.S. small-cap value · data as of Oct 9, 2026

MVPA is actively managed and returned −4.9% since it first traded on Sep 1, 2026.

## Key facts

- MVPA, total return, since launch, Sep 1, 2026: −4.9%, as of Oct 9, 2026.
- MVPA, expense ratio: 0.60%, as of Oct 9, 2026.
- MVPA, holdings: 33, as of Oct 9, 2026.
- MVPA, below its high: −7.7%, as of Oct 9, 2026.
- MVPA, net assets: $70m (SEC filing, whole fund, as filed for Jun 30, 2026).
- MVPA, benchmark: Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracks (ETFIQ, from its filings).

## MVPA over each window to Oct 9, 2026

| Window | Total return | S&P 500 (SPY) | Gap to SPY |
| --- | --- | --- | --- |
| 1 month | −4.7% | +2.4% | −7.0 pts |
| Since launch | −4.9% | +2.5% | −7.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| What it tracks | No index, actively managed | ETFIQ |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · U.S. small-cap value | ETFIQ |
| Expense ratio | 0.60% | 485BPOS XBRL, Jan 28, 2026 |
| Price | $34.95 | ETFIQ |
| First traded | Sep 1, 2026 | ETFIQ |
| Net assets | $70m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Benchmark | Its own holdings, as of Jun 30, 2026; its prospectus names no index it tracks | ETFIQ, from its filings |
| Below its high | −7.7% | ETFIQ |
| Holdings | 33 | ETFIQ |
| Top ten weight | 53.1% | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 16.7% | ETFIQ |
| Active share vs the S&P 500 | 97.8% | ETFIQ |
| Already in the Nasdaq-100, by weight | 12.2% | ETFIQ |

## Questions

### What does MVPA cost?

The prospectus expense ratio is 0.60% a year.

### What does MVPA hold?

33 positions as filed for Jun 30, 2026, with the top ten at 53.1% of the fund. 17% of its weight is in stocks the S&P 500 also holds.

### How far is MVPA below its high?

7.7% below its high of Sep 4, 2026, measured on the reinvested series to Oct 9, 2026.


## Cite this page

ETFIQ, MVPA, stock fund, data as of Oct 9, 2026. https://etfiq.com/funds/mvpa
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/mvpa  ·  JSON: https://etfiq.com/funds/mvpa.json