IVSS ETF — Applied Finance IVS US SMID ETF

Applied Finance IVS US SMID ETF (IVSS)

Updated October 16, 2026.

IVSS is an ETF. its trailing-12-month yield is 0.06%, its expense ratio is 0.59%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 17.6% over the past 0.9 years, 4.9 points ahead of SPY at 12.7%.

Applied Finance IVS US SMID ETF is an actively managed fund that invests at least 80% of its assets in equity securities of U.S. small to mid-capitalization companies, typically holding at least 150 different positions without seeking to track an index. The fund carries a very low distribution rate with an annual payout frequency, though its latest distribution was special and may not recur regularly. With an expense ratio of 0.59%, this fund appeals to investors seeking exposure to small and mid-cap equities through active management rather than passive index tracking.

IVSS performance versus SPY

Price and return data through 2026-10-16.

Total return is 17.6% over the past 0.9 years, 4.9 points ahead of SPY at 12.7%. Its deepest 1-year drawdown was 8.5%.

IVSS key facts

Distribution Safety Score™

50 · Unproven

Issuer

Applied Finance

Asset type

ETF

Asset class

Equity

Inception date

12/03/2025

Expense ratio

0.59%

Distribution frequency

Annual

Trailing yield

0.06%

Last close

$29.65 (as of 2026-10-16)

AUM

$28,083,992

Average volume

2727.0

Dividend

$0.019

Ex-dividend date

12/24/2025

Payment date

12/26/2025

Beta

0.7888

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.06%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Applied Finance; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IVSS risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 8.5%.

Who may consider IVSS — and who may not

It is a weaker fit for investors who need monthly cash flow (IVSS pays annual). This is educational context, not a recommendation to buy or sell.

More on IVSS

• All tickers starting with I

Tagged: Mid Cap, Small Caps.

Frequently asked questions

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