This exchange-traded fund (ETF) is designed to replicate the performance of the S&P MidCap 400 Value Index, an index composed of value-oriented companies within the broader S&P 400. Its primary objective is to closely match the returns of this index, which acts as a representative measure for the overall market performance of U.S. mid-capitalization value stocks. Investors can expect a notable upside potential for growth, though its share price typically exhibits greater volatility compared to bond-focused investments. Therefore, this fund is particularly well-suited for long-range investment objectives where capital growth is a crucial factor. It is important to note that on March 14, 2023, the ETF underwent a two-for-one share split, resulting in a reduced price per share and a proportional increase in the total number of outstanding shares. Historical share price data may not always reflect this adjustment unless designated as market data; nevertheless, the overall investment returns are unaffected by this split.

US Foods Holding Corp.

TD Synnex Corp

Reliance Steel & Aluminum Co.

Performance Food Group Co

WESCO International, Inc.

Entegris, Inc.

Annaly Capital Management, Inc.

Regal Rexnord Corporation

Toll Brothers, Inc.

Pinnacle Financial Partners, Inc.

Financial Services

Industrials

Consumer Cyclical

Technology

Real Estate

Energy

Basic Materials

Consumer Defensive

Utilities

Healthcare

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Holdings & Sector Breakdown