IVSS: APPLIED FINANCE IVS US SMID ETF
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.
ETF Education Report: APPLIED FINANCE IVS US SMID ETF (IVSS)
What this ETF is trying to do
The APPLIED FINANCE IVS US SMID ETF, trading under the ticker IVSS, is an exchange-traded fund. Based on its name and holdings, it focuses on small and mid-sized companies within the United States. It holds a total of 317 different investments.
What the numbers show
As of August 11, 2026, the current share price is $30.59.
When looking at how the fund has performed this year, we look at two different numbers:
• Year-to-Date (YTD) Price Return: This measures only the change in the share price and is approximately 21.32%.
• Year-to-Date (YTD) Total Return: This reflects the overall return, including distributions. For this ETF, the YTD total return is also approximately 21.32%.
Because these two numbers are the same in the provided data, it shows that the share price movement and the total return have matched for the year so far. Data for one-year, three-year, or historical prices from a year ago was not supplied.
Income and distribution explanation
Some investors look at ETFs for cash income, known as distributions. This ETF has a distribution yield of approximately 6.05%. It is important to remember that a high distribution yield is not the same as a total return. While distributions provide cash, they do not guarantee that your original investment (your principal) will stay the same value.
The data shows this ETF has an irregular or less frequent distribution schedule, with one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases. While a falling share price can sometimes look like NAV erosion, they are not always the same thing.
For this ETF, there is no severe erosion-risk flag present. However, an erosion score was not available because there was not enough verified price history provided to calculate it.
Top Holdings
The following is a partial list of the largest companies held by this ETF. Please note that holdings can change over time.
• INTERDIGITAL INC (1.85%)
• STERLING INFRASTRUCTURE INC (1.85%)
• DAVE INC ORDINARY SHARES CLASS A (1.75%)
• HEALTHEQUITY INC (1.75%)
• PJT PARTNERS INC CLASS A (1.64%)
• SEZZLE INC (1.47%)
• BRIGHTSPRING HEALTH SERVICES INC (1.42%)
• MERCURY GENERAL CORP (1.30%)
• NEXTPOWER INC CLASS A (1.28%)
• OTTER TAIL CORP (1.28%)
Pros
• The ETF has shown a positive YTD total return of approximately 21.32%.
• It offers a distribution yield of approximately 6.05%.
Cons
• The distribution frequency is irregular, meaning you cannot rely on receiving cash at regular intervals.
• Because the holdings list is partial, you are only seeing a small portion of what the fund owns.
Beginner takeaway
When looking at an ETF like IVSS, it is important to distinguish between price changes and total returns. A rising share price can increase your investment value, while distributions provide cash income. Always remember that high yields do not guarantee that the share price will stay stable.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
317 holdings available
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | DAVE INC ORDINARY SHARES CLASS A | DAVE | 1.88% |
| 2 | INTERDIGITAL INC | IDCC | 1.87% |
| 3 | STERLING INFRASTRUCTURE INC | STRL | 1.87% |
| 4 | HEALTHEQUITY INC | HQY | 1.62% |
| 5 | PJT PARTNERS INC CLASS A | PJT | 1.49% |
| 6 | SEZZLE INC | SEZL | 1.42% |
| 7 | BRIGHTSPRING HEALTH SERVICES INC | BTSG | 1.41% |
| 8 | n/a | AMRX | 1.41% |
| 9 | OTTER TAIL CORP | OTTR | 1.31% |
| 10 | MERCURY GENERAL CORP | MCY | 1.27% |
Show all 317 holdings
1.
DAVE INC ORDINARY SHARES CLASS A
DAVE
1.88%
2.
INTERDIGITAL INC
IDCC
1.87%
3.
STERLING INFRASTRUCTURE INC
STRL
1.87%
4.
HEALTHEQUITY INC
HQY
1.62%
5.
PJT PARTNERS INC CLASS A
PJT
1.49%
6.
SEZZLE INC
SEZL
1.42%
7.
BRIGHTSPRING HEALTH SERVICES INC
BTSG
1.41%
8.
n/a
AMRX
1.41%
9.
OTTER TAIL CORP
OTTR
1.31%
10.
MERCURY GENERAL CORP
MCY
1.27%
11.
ACI WORLDWIDE INC
ACIW
1.22%
12.
COEUR MINING INC
CDE
1.20%
13.
NEXTPOWER INC
NXT
1.20%
14.
ENSIGN GROUP INC
ENSG
1.19%
15.
LANTHEUS HOLDINGS INC
LNTH
1.19%
16.
QUALYS INC
QLYS
1.18%
17.
SOUTHWEST GAS HOLDINGS INC
SWX
1.14%
18.
TANGER INC
SKT
1.08%
19.
TRINET GROUP INC
TNET
1.08%
20.
FRONTDOOR INC
FTDR
1.07%
21.
HERBALIFE LTD
HLF
0.51%
22.
SKYWEST INC
SKYW
0.48%
23.
SM ENERGY CO
SM
0.48%
24.
TEREX CORP
TEX
0.48%
25.
TG THERAPEUTICS INC
TGTX
0.48%
26.
CNO FINANCIAL GROUP INC
CNO
0.47%
27.
HILTON GRAND VACATIONS INC
HGV
0.47%
28.
URBAN EDGE PROPERTIES
UE
0.47%
29.
COMMERCIAL METALS CO
CMC
0.45%
30.
n/a
CRC
0.44%
31.
n/a
FLOC
0.44%
32.
NMI HOLDINGS INC
NMIH
0.44%
33.
PALOMAR HOLDINGS INC
PLMR
0.44%
34.
DONNELLEY FINANCIAL SOLUTIONS INC
DFIN
0.43%
35.
THE CHEFS' WAREHOUSE INC
CHEF
0.43%
36.
CINEMARK HOLDINGS INC
CNK
0.42%
37.
ENACT HOLDINGS INC
ACT
0.42%
38.
PERIMETER SOLUTIONS INC
PRM
0.42%
39.
ADMA BIOLOGICS INC
ADMA
0.41%
40.
GREEN BRICK PARTNERS INC
GRBK
0.41%
41.
INTERPARFUMS INC
IPAR
0.41%
42.
SCORPIO TANKERS INC
STNG
0.41%
43.
CBIZ INC
CBZ
0.40%
44.
CNX RESOURCES CORP
CNX
0.40%
45.
FIRST BANCORP
FBP
0.39%
46.
M/I HOMES INC
MHO
0.39%
47.
SANMINA CORP
SANM
0.39%
48.
THE GEO GROUP INC
GEO
0.39%
49.
ARCOSA INC
ACA
0.38%
50.
CABOT CORP
CBT
0.38%
51.
PEDIATRIX MEDICAL GROUP INC
MD
0.38%
52.
ALARM.COM HOLDINGS INC
ALRM
0.37%
53.
ITRON INC
ITRI
0.37%
54.
ADDUS HOMECARE CORP
ADUS
0.36%
55.
CIMPRESS PLC
CMPR
0.36%
56.
RADIAN GROUP INC
RDN
0.35%
57.
CARGURUS INC CLASS A
CARG
0.34%
58.
TEEKAY TANKERS LTD CLASS A
TNK
0.34%
59.
CAL-MAINE FOODS INC
CALM
0.33%
60.
PLEXUS CORP
PLXS
0.33%
61.
CONSTELLIUM SE CLASS A
n/a
0.32%
62.
ESSENT GROUP LTD
ESNT
0.32%
63.
NOBLE CORP PLC CLASS A
NE
0.32%
64.
SIGNET JEWELERS LTD
SIG
0.32%
65.
WARRIOR MET COAL INC
HCC
0.32%
66.
ZIFF DAVIS INC
ZD
0.32%
67.
NORTHERN OIL & GAS INC
NOG
0.31%
68.
SYLVAMO CORP ORDINARY SHARES WHEN ISSUED
SLVM
0.31%
69.
COSTAMARE INC
CMRE
0.30%
70.
HERITAGE INSURANCE HOLDINGS INC
HRTG
0.30%
71.
ICF INTERNATIONAL INC
ICFI
0.30%
72.
PLAYTIKA HOLDING CORP ORDINARY SHARES
PLTK
0.30%
73.
SURGERY PARTNERS INC
SGRY
0.30%
74.
BANK OF N.T BUTTERFIELD & SON LTD
n/a
0.29%
75.
CUSHMAN & WAKEFIELD LTD
CWK
0.29%
76.
PAGERDUTY INC
PD
0.29%
77.
DELUXE CORP
DLX
0.28%
78.
DORIAN LPG LTD
LPG
0.28%
79.
n/a
CCSI
0.28%
80.
UNITED PARKS & RESORTS INC
PRKS
0.28%
81.
AXCELIS TECHNOLOGIES INC
ACLS
0.26%
82.
BLUE BIRD CORP
BLBD
0.26%
83.
COVISTA INC
CVSA
0.26%
84.
DORMAN PRODUCTS INC
DORM
0.26%
85.
GROUP 1 AUTOMOTIVE INC
GPI
0.26%
86.
SALLY BEAUTY HOLDINGS INC
SBH
0.26%
87.
ARDENT HEALTH INC
ARDT
0.25%
88.
FLUOR CORP
FLR
0.25%
89.
PEABODY ENERGY CORP
BTU
0.25%
90.
EPLUS INC
PLUS
0.24%
91.
SYNAPTICS INC
SYNA
0.24%
92.
TECNOGLASS HOLDINGS INC
TGLS
0.24%
93.
W&T OFFSHORE INC
WTI
0.24%
94.
ANI PHARMACEUTICALS INC
ANIP
0.23%
95.
APPLE HOSPITALITY REIT INC
APLE
0.23%
96.
INNOSPEC INC
IOSP
0.23%
97.
PROG HOLDINGS INC ORDINARY SHARES
PRG
0.23%
98.
COLLEGIUM PHARMACEUTICAL INC
COLL
0.22%
99.
PATHWARD FINANCIAL INC
CASH
0.22%
100.
PENGUIN SOLUTIONS INC
PENG
0.22%
101.
ALLEGIANT TRAVEL CO
ALGT
0.21%
102.
AMERICAN ASSETS TRUST INC
AAT
0.21%
103.
AMERICAN EAGLE OUTFITTERS INC
AEO
0.21%
104.
DIAMONDROCK HOSPITALITY CO
DRH
0.21%
105.
GREENBRIER COMPANIES INC
GBX
0.21%
106.
MEDIAALPHA INC ORDINARY SHARES CLASS A
MAX
0.21%
107.
n/a
GPOR
0.21%
108.
BIOCRYST PHARMACEUTICALS INC
BCRX
0.20%
109.
JOHN WILEY & SONS INC CLASS A
WLY
0.20%
110.
n/a
ASO
0.20%
111.
CENTRAL GARDEN & PET CO
CENT
0.19%
112.
CPI CARD GROUP INC
PMTS
0.19%
113.
KOPPERS HOLDINGS INC
KOP
0.19%
114.
RILEY EXPLORATION PERMIAN INC
REPX
0.19%
115.
UFP TECHNOLOGIES INC
UFPT
0.19%
116.
EMBECTA CORP
EMBC
0.18%
117.
EVERCOMMERCE INC
EVCM
0.18%
118.
GIGACLOUD TECHNOLOGY INC CLASS A
GCT
0.18%
119.
HEALTHSTREAM INC
HSTM
0.18%
120.
INTERFACE INC
TILE
0.18%
121.
KORN FERRY
KFY
0.18%
122.
LIVANOVA PLC
LIVN
0.18%
123.
n/a
DRVN
0.18%
124.
NABORS INDUSTRIES LTD
NBR
0.18%
125.
PATRICK INDUSTRIES INC
PATK
0.18%
126.
PHOENIX EDUCATION PARTNERS INC
PXED
0.18%
127.
SONIC AUTOMOTIVE INC CLASS A
SAH
0.18%
128.
VISTEON CORP
VC
0.18%
129.
AMPHASTAR PHARMACEUTICALS INC
AMPH
0.17%
130.
ONESPAN INC
OSPN
0.17%
131.
TRAVERE THERAPEUTICS INC ORDINARY SHARES
TVTX
0.17%
132.
VERRA MOBILITY CORP CLASS A
VRRM
0.17%
133.
XENIA HOTELS & RESORTS INC
XHR
0.17%
134.
TRINITY INDUSTRIES INC
TRN
0.16%
135.
UFP INDUSTRIES INC
UFPI
0.16%
136.
YELP INC
YELP
0.16%
137.
ALPHA METALLURGICAL RESOURCES INC
AMR
0.15%
138.
AMN HEALTHCARE SERVICES INC
AMN
0.15%
139.
BEL FUSE INC CLASS B
BELFB
0.15%
140.
BRIGHTVIEW HOLDINGS INC
BV
0.15%
141.
DOLE PLC
DOLE
0.15%
142.
ENERGIZER HOLDINGS INC
ENR
0.15%
143.
NAVIGATOR HOLDINGS LTD
NVGS
0.15%
144.
Q2 HOLDINGS INC
QTWO
0.15%
145.
ADAPTHEALTH CORP ORDINARY SHARES
AHCO
0.14%
146.
ADIENT PLC
ADNT
0.14%
147.
ASANA INC ORDINARY SHARES CLASS A
ASAN
0.14%
148.
ENERPAC TOOL GROUP CORP CLASS A
EPAC
0.14%
149.
n/a
JBI
0.14%
150.
RAPID7 INC
RPD
0.14%
151.
UNIVERSAL INSURANCE HOLDINGS INC
UVE
0.14%
152.
AURINIA PHARMACEUTICALS INC
AUPH
0.13%
153.
BIOVENTUS INC CLASS A
BVS
0.13%
154.
FIRST ADVANTAGE CORP
FA
0.13%
155.
MONARCH CASINO & RESORT INC
MCRI
0.13%
156.
UPWORK INC
UPWK
0.13%
157.
WORLD ACCEPTANCE CORP
WRLD
0.13%
158.
YEXT INC
YEXT
0.13%
159.
HANCOCK WHITNEY CORP
HWC
0.12%
160.
HILLMAN SOLUTIONS CORP SHS
HLMN
0.12%
161.
HOME BANCSHARES INC
HOMB
0.12%
162.
PC CONNECTION INC
CNXN
0.12%
163.
PUMA BIOTECHNOLOGY INC
PBYI
0.12%
164.
WORTHINGTON STEEL INC
WS
0.12%
165.
EVERQUOTE INC CLASS A
EVER
0.11%
166.
GLOBAL INDUSTRIAL CO
GIC
0.11%
167.
HARMONIC INC
HLIT
0.11%
168.
KAISER ALUMINUM CORP
KALU
0.11%
169.
PACIRA BIOSCIENCES INC
PCRX
0.11%
170.
PERDOCEO EDUCATION CORP
PRDO
0.11%
171.
PROGYNY INC
PGNY
0.11%
172.
QUAD/GRAPHICS INC CLASS A
QUAD
0.11%
173.
SIRIUSPOINT LTD
SPNT
0.11%
174.
THE SIMPLY GOOD FOODS CO
SMPL
0.11%
175.
ARHAUS INC CLASS A
ARHS
0.10%
176.
BJ'S RESTAURANTS INC
BJRI
0.10%
177.
BRISTOW GROUP INC ORDINARY SHARES
VTOL
0.10%
178.
CARS.COM INC
CARS
0.10%
179.
CRACKER BARREL OLD COUNTRY STORE INC
CBRL
0.10%
180.
DIODES INC
DIOD
0.10%
181.
DISTRIBUTION SOLUTIONS GROUP INC
DSGR
0.10%
182.
INDUSTRIAL LOGISTICS PROPERTIES TRUST
ILPT
0.10%
183.
O-I GLASS INC
OI
0.10%
184.
PHINIA INC
PHIN
0.10%
185.
SCANSOURCE INC
SCSC
0.10%
186.
BLOOMIN BRANDS INC
BLMN
0.09%
187.
CALIX INC
CALX
0.09%
188.
CLIMB GLOBAL SOLUTIONS INC
CLMB
0.09%
189.
GIBRALTAR INDUSTRIES INC
ROCK
0.09%
190.
LEGALZOOM.COM INC
LZ
0.09%
191.
NERDWALLET INC CLASS A
NRDS
0.09%
192.
ACCEL ENTERTAINMENT INC CLASS A1
ACEL
0.08%
193.
ALAMO GROUP INC
ALG
0.08%
194.
ALBANY INTERNATIONAL CORP
AIN
0.08%
195.
ATKORE INC
ATKR
0.08%
196.
CTS CORP
CTS
0.08%
197.
GOGO INC
GOGO
0.08%
198.
LINDSAY CORP
LNN
0.08%
199.
n/a
GRDN
0.08%
200.
VAREX IMAGING CORP
VREX
0.08%
201.
VEECO INSTRUMENTS INC
VECO
0.08%
202.
VITAL FARMS INC ORDINARY SHARES
VITL
0.08%
203.
CENTERSPACE
CSR
0.07%
204.
CENTURY COMMUNITIES INC
CCS
0.07%
205.
CRA INTERNATIONAL INC
CRAI
0.07%
206.
G-III APPAREL GROUP LTD
GIII
0.07%
207.
GENTHERM INC CLASS A
THRM
0.07%
208.
LA-Z-BOY INC
LZB
0.07%
209.
MATIV HOLDINGS INC
MATV
0.07%
210.
MIMEDX GROUP INC
MDXG
0.07%
211.
PIEDMONT REALTY TRUST INC CLASS A
PDM
0.07%
212.
1ST SOURCE CORP
SRCE
0.06%
213.
BARRETT BUSINESS SERVICES INC
BBSI
0.06%
214.
BOISE CASCADE CO
BCC
0.06%
215.
DAKTRONICS INC
DAKT
0.06%
216.
J.JILL INC
JILL
0.06%
217.
KARAT PACKAGING INC
KRT
0.06%
218.
KB HOME
KBH
0.06%
219.
MARCUS CORP
MCS
0.06%
220.
MESA LABORATORIES INC
MLAB
0.06%
221.
n/a
AMAL
0.06%
222.
NATURAL GROCERS BY VITAMIN COTTAGE INC
NGVC
0.06%
223.
OPPFI INC ORDINARY SHARES CLASS A
OPFI
0.06%
224.
TORRID HOLDINGS INC
CURV
0.06%
225.
TRIPADVISOR INC
TRIP
0.06%
226.
UNIVERSAL CORP
UVV
0.06%
227.
ADTRAN HOLDINGS INC
ADTN
0.05%
228.
BANK7 CORP
BSVN
0.05%
229.
CATHAY GENERAL BANCORP
CATY
0.05%
230.
FIVE9 INC
FIVN
0.05%
231.
GOODYEAR TIRE & RUBBER CO
GT
0.05%
232.
H.B. FULLER CO
FUL
0.05%
233.
HBT FINANCIAL INC ORDINARY SHARES
HBT
0.05%
234.
HEALTHCARE SERVICES GROUP INC
HCSG
0.05%
235.
HOVNANIAN ENTERPRISES INC CLASS A
HOV
0.05%
236.
MERCHANTS BANCORP
MBIN
0.05%
237.
MISSION PRODUCE INC ORDINARY SHARES
AVO
0.05%
238.
ORION SA
OEC
0.05%
239.
RCM TECHNOLOGIES INC
RCMT
0.05%
240.
RED VIOLET INC ORDINARY SHARES
RDVT
0.05%
241.
RIBBON COMMUNICATIONS INC
RBBN
0.05%
242.
SAFE BULKERS INC
SB
0.05%
243.
TENNANT CO
TNC
0.05%
244.
8X8 INC
EGHT
0.04%
245.
BUILD-A-BEAR WORKSHOP INC
BBW
0.04%
246.
COURSERA INC
COUR
0.04%
247.
COVENANT LOGISTICS GROUP INC CLASS A
CVLG
0.04%
248.
EXPRO LTD
XPRO
0.04%
249.
HORACE MANN EDUCATORS CORP
HMN
0.04%
250.
J&J SNACK FOODS CORP
JJSF
0.04%
251.
LEMAITRE VASCULAR INC
LMAT
0.04%
252.
METALLUS INC
MTUS
0.04%
253.
n/a
SHLS
0.04%
254.
NWPX INFRASTRUCTURE INC
NWPX
0.04%
255.
OOMA INC
OOMA
0.04%
256.
OXFORD INDUSTRIES INC
OXM
0.04%
257.
PHOTRONICS INC
PLAB
0.04%
258.
RGC RESOURCES INC
RGCO
0.04%
259.
SITE CENTERS CORP
SITC
0.04%
260.
SPRINKLR INC CLASS A
CXM
0.04%
261.
THE HACKETT GROUP INC
HCKT
0.04%
262.
VITESSE ENERGY INC
VTS
0.04%
263.
ARCBEST CORP
ARCB
0.03%
264.
COMMERCE.COM INC ORDINARY SHARES SERIES 1
CMRC
0.03%
265.
CORSAIR GAMING INC ORDINARY SHARES
CRSR
0.03%
266.
FORRESTER RESEARCH INC
FORR
0.03%
267.
FULTON FINANCIAL CORP
FULT
0.03%
268.
HUB GROUP INC CLASS A
HUBG
0.03%
269.
INDEPENDENT BANK CORP.
IBCP
0.03%
270.
ORANGE COUNTY BANCORP INC
OBT
0.03%
271.
ORGANOGENESIS HOLDINGS INC CLASS A
ORGO
0.03%
272.
SOMNIGROUP INTERNATIONAL INC
SGI
0.03%
273.
VIEMED HEALTHCARE INC ORDINARY SHARES
VMD
0.03%
274.
VTEX ORDINARY SHARES CLASS A
VTEX
0.03%
275.
ADVANSIX INC
ASIX
0.02%
276.
ALPHA & OMEGA SEMICONDUCTOR LTD
AOSL
0.02%
277.
BIOTE CORP
BTMD
0.02%
278.
BYLINE BANCORP INC
BY
0.02%
279.
CERENCE INC ORDINARY SHARES
CRNC
0.02%
280.
CHIRON REAL ESTATE INC
XRN
0.02%
281.
CONMED CORP
CNMD
0.02%
282.
EGAIN CORP
EGAN
0.02%
283.
ENERGY RECOVERY INC
ERII
0.02%
284.
ETHAN ALLEN INTERIORS INC
ETD
0.02%
285.
FLEXSTEEL INDUSTRIES INC
FLXS
0.02%
286.
INSPIRED ENTERTAINMENT INC
INSE
0.02%
287.
INSTEEL INDUSTRIES INC
IIIN
0.02%
288.
JELD-WEN HOLDING INC
JELD
0.02%
289.
KIMBALL ELECTRONICS INC
KE
0.02%
290.
LEGACY HOUSING CORP
LEGH
0.02%
291.
LIFEVANTAGE CORP
LFVN
0.02%
292.
LUXFER HOLDINGS PLC
LXFR
0.02%
293.
MARKETWISE INC ORDINARY SHARES CLASS A
MKTW
0.02%
294.
MARTEN TRANSPORT LTD
MRTN
0.02%
295.
NBT BANCORP INC
NBTB
0.02%
296.
PANGAEA LOGISTICS SOLUTIONS LTD
PANL
0.02%
297.
QUANEX BUILDING PRODUCTS CORP
NX
0.02%
298.
RANGER ENERGY SERVICES INC CLASS A
RNGR
0.02%
299.
SHOE STATION GROUP INC
SHOE
0.02%
300.
STANDARD MOTOR PRODUCTS INC
SMP
0.02%
301.
STRATEGIC EDUCATION INC
STRA
0.02%
302.
TURTLE BEACH CORP
TBCH
0.02%
303.
VIRCO MANUFACTURING CORP
VIRC
0.02%
304.
XPERI INC
XPER
0.02%
305.
CALERES INC
CAL
0.01%
306.
DESIGNER BRANDS INC CLASS A
DBI
0.01%
307.
FITLIFE BRANDS INC
FTLF
0.01%
308.
HAVERTY FURNITURE COMPANIES INC
HVT
0.01%
309.
NCR VOYIX CORP
VYX
0.01%
310.
ONITY GROUP INC
ONIT
0.01%
311.
PAYSAFE LTD ORDINARY SHARES
PSFE
0.01%
312.
SHUTTERSTOCK INC
SSTK
0.01%
313.
SPOK HOLDINGS INC
SPOK
0.01%
314.
STRATTEC SECURITY CORP
STRT
0.01%
315.
THE LOVESAC CO
LOVE
0.01%
316.
BYRNA TECHNOLOGIES INC
BYRN
0.00%
317.
NEXPOINT RESIDENTIAL TRUST INC
NXRT
0.00%