{
 "ticker": "TCV",
 "name": "Towle Small-Cap Value ETF",
 "issuer": "Towle & Co",
 "desk": "core",
 "url": "https://etfiq.com/funds/tcv",
 "html": "https://etfiq.com/funds/tcv",
 "markdown": "https://etfiq.com/funds/tcv.md",
 "as_of": "2026-10-20",
 "verdict": "TCV is actively managed and returned +27.0% over the past year.",
 "lead": "TCV returned +27.0% over the year to Oct 20, 2026, charges 0.85% a year and holds $202m in net assets on May 29, 2026.",
 "category": {
  "id": "stocks",
  "name": "Stocks",
  "label": "Stock ETFs",
  "url": "https://etfiq.com/stocks/",
  "group": {
   "id": "us-stocks",
   "name": "U.S. stocks"
  },
  "segment": {
   "id": "us-small-value",
   "name": "U.S. small-cap value",
   "url": "https://etfiq.com/stocks/us-small-value/"
  },
  "status": "classified",
  "as_of": "2026-10-21",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+27.0%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-20",
   "sentence": "TCV, total return, 1 year: +27.0%, as of Oct 20, 2026.",
   "cite": {
    "value": "+27.0%",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/tcv#fact-total-return-1-year",
    "text": "TCV, total return, 1 year: +27.0%, as of Oct 20, 2026."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Sep 28, 2026",
   "as_of": "2026-09-28",
   "sentence": "TCV, expense ratio: 0.85%, as of Sep 28, 2026.",
   "cite": {
    "value": "0.85%",
    "as_of": "2026-09-28",
    "source": "485BPOS XBRL, Sep 28, 2026",
    "url": "https://etfiq.com/funds/tcv#fact-expense-ratio",
    "text": "TCV, expense ratio: 0.85%, as of Sep 28, 2026."
   }
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "41",
   "source": "its SEC filing (Form N-PORT)",
   "as_of": "2026-05-29",
   "sentence": "TCV, holdings: 41, as of May 29, 2026.",
   "cite": {
    "value": "41",
    "as_of": "2026-05-29",
    "source": "its SEC filing (Form N-PORT)",
    "url": "https://etfiq.com/funds/tcv#fact-holdings",
    "text": "TCV, holdings: 41, as of May 29, 2026."
   }
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22124.3%",
   "source": "ETFIQ",
   "as_of": "2026-10-20",
   "sentence": "TCV, below its high: \u22124.3%, as of Oct 20, 2026.",
   "cite": {
    "value": "\u22124.3%",
    "as_of": "2026-10-20",
    "source": "ETFIQ",
    "url": "https://etfiq.com/funds/tcv#fact-below-its-high",
    "text": "TCV, below its high: \u22124.3%, as of Oct 20, 2026."
   }
  },
  {
   "key": "12_month_yield_capital_gains_included_on_its_starting_price",
   "label": "12-month yield, capital gains included, on its starting price",
   "value": "0.7%",
   "source": "computed by ETFIQ from Tiingo daily prices and distributions",
   "as_of": "2026-10-20",
   "sentence": "TCV, 12-month yield, capital gains included, on its starting price: 0.7%, as of Oct 20, 2026.",
   "cite": {
    "value": "0.7%",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices and distributions",
    "url": "https://etfiq.com/funds/tcv#fact-12-month-yield-capital-gains-included-on-its-starting-price",
    "text": "TCV, 12-month yield, capital gains included, on its starting price: 0.7%, as of Oct 20, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid quarterly), ex-date Jun 29, 2026",
   "value": "$0.059",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-06-29",
   "sentence": "TCV, last payment (paid quarterly), ex-date Jun 29, 2026: $0.059, as of Jun 29, 2026.",
   "cite": {
    "value": "$0.059",
    "as_of": "2026-06-29",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/tcv#fact-last-payment",
    "text": "TCV, last payment (paid quarterly), ex-date Jun 29, 2026: $0.059, as of Jun 29, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$202m",
   "source": "SEC N-PORT, whole fund, as filed for May 29, 2026",
   "as_of": "2026-05-29",
   "sentence": "TCV, net assets: $202m (SEC N-PORT, whole fund, as filed for May 29, 2026).",
   "cite": {
    "value": "$202m",
    "as_of": "2026-05-29",
    "source": "SEC N-PORT, whole fund, as filed for May 29, 2026",
    "url": "https://etfiq.com/funds/tcv#fact-net-assets",
    "text": "TCV, net assets: $202m (SEC N-PORT, whole fund, as filed for May 29, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "what_it_tracks",
   "label": "What it tracks",
   "value": "No index, actively managed",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Equity fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Stocks \u00b7 U.S. small-cap value",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.85%",
   "source": "485BPOS XBRL, Sep 28, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$32.70",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Jul 17, 2025",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$202m",
   "source": "SEC N-PORT, whole fund, as filed for May 29, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "S&P 500 Total Return Index, measured by VOO, which tracks the same index",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "benchmark_named_in",
   "label": "Benchmark named in",
   "value": "its shareholder report, N-CSR, Aug 4, 2026",
   "source": null
  },
  {
   "key": "tcv_1_year_to_oct_20_2026",
   "label": "TCV, 1 year to Oct 20, 2026",
   "value": "+27.01%",
   "source": null
  },
  {
   "key": "voo_the_same_days",
   "label": "VOO, the same days",
   "value": "+15.85%",
   "source": null
  },
  {
   "key": "against_its_benchmark_1_year",
   "label": "Against its benchmark, 1 year",
   "value": "+11.16 pts",
   "source": "ETFIQ"
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u22124.3%",
   "source": "ETFIQ"
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "41",
   "source": null
  },
  {
   "key": "top_ten_weight",
   "label": "Top ten weight",
   "value": "31.6%",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 29, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "2.2%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+2.1%",
   "Benchmark (VOO)": "+1.0%",
   "Gap to VOO": "+1.1 pts"
  },
  {
   "window": "3 months",
   "Total return": "\u22122.8%",
   "Benchmark (VOO)": "+3.0%",
   "Gap to VOO": "\u22125.8 pts"
  },
  {
   "window": "6 months",
   "Total return": "+10.6%",
   "Benchmark (VOO)": "+9.8%",
   "Gap to VOO": "+0.8 pts"
  },
  {
   "window": "Year to date",
   "Total return": "+26.7%",
   "Benchmark (VOO)": "+13.7%",
   "Gap to VOO": "+13.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "+27.0%",
   "Benchmark (VOO)": "+15.9%",
   "Gap to VOO": "+11.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+31.7%",
   "Benchmark (VOO)": "+24.2%",
   "Gap to VOO": "+7.5 pts"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+24.4%",
   "Benchmark (VOO)": "\u2013",
   "Gap to VOO": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "How has TCV performed?",
   "a": "Over the year to Oct 20, 2026, TCV returned +27.0% with distributions reinvested, against +15.8% for the S&P 500."
  },
  {
   "q": "What does TCV cost?",
   "a": "The prospectus expense ratio is 0.85% a year."
  },
  {
   "q": "What does TCV hold?",
   "a": "41 positions as filed for May 29, 2026, with the top ten at 31.6% of the fund. 2% of its weight is in stocks the S&P 500 also holds."
  },
  {
   "q": "How far is TCV below its high?",
   "a": "4.3% below its high of Aug 14, 2026, measured on the reinvested series to Oct 20, 2026."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 20, 2026",
   "value": "$34.17 on Aug 14, 2026",
   "as_of": "2026-08-14",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 34.171,
   "window": {
    "from": "2025-10-21",
    "to": "2026-10-20"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 20, 2026",
   "value": "$24.50 on Nov 20, 2025",
   "as_of": "2025-11-20",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 24.4975,
   "window": {
    "from": "2025-10-21",
    "to": "2026-10-20"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 20, 2026, within that range",
   "value": "$32.70, 85% of the way from the low to the high",
   "as_of": "2026-10-20",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 32.7016
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "41",
   "as_of": "2026-10-20",
   "source": null
  },
  {
   "key": "top10",
   "label": "Top ten weight",
   "value": "31.6%",
   "as_of": "2026-10-20",
   "source": null
  }
 ],
 "flows": {
  "as_of": "2026-05-31",
  "coverage": "monthly",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/tcv.json",
  "windows": [],
  "latest_month": {
   "month": "2026-05",
   "net_flow_usd": 4619539,
   "net_flow": "+$4.6m",
   "source": "SEC Form N-PORT"
  }
 },
 "generated": "2026-10-21",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, TCV, stock fund, data as of Oct 20, 2026. https://etfiq.com/funds/tcv"
}