ETF Evaluator:
Qualivian Focus Fund ETF (QFF)
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Best Performing in Large Growth Over the Last Year
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ETF Details
Qualivian Focus Fund ETF Overview
Qualivian Focus Fund ETF (QFF) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Empowered Funds, LLC launched the ETF in 2026.
The investment seeks to achieve long-term capital appreciation.
The Sub-Adviser defines Quality Compounders as companies that the advisor believes (1) possess durable competitive advantages (2) are led by owner-oriented management teams with a history of intelligent capital allocation, (3) have high returns on capital, and (4) enjoy opportunities to reinvest excess capital at similar high returns. It is non-diversified.
About Qualivian Focus Fund ETF (QFF)
There are 2 members of the management team with an average tenure of 0.05 years: Cyril Malak (2026) and Aamer Khan (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Qualivian Focus Fund ETF has 26 securities in its portfolio. The top 10 holdings constitute 58.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Qualivian Focus Fund ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Qualivian Focus Fund ETF has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.1% There is 4.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Qualivian Focus Fund ETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $56 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QFF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Qualivian Focus Fund ETF expense ratio is average compared to funds in the Large Growth category. Qualivian Focus Fund ETF has an expense ratio of 0.50%, which is 1% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Qualivian Focus Fund ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of July 2026, Qualivian Focus Fund ETF returned 0.0%, which earned it a grade of NA, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Qualivian Focus Fund ETF has a trailing yield of 0.00%, which is below the 0.53% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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QFF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QFF Return (NAV) | na | na | na | na | na | na |
| QFF Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Growth Avg | -3.8% | 2.7% | 13.0% | 19.6% | 9.9% | 15.8% |
| QFF Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| QFF Tax-Cost Ratio | na | na | na | na | na | na |
QFF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QFF Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| QFF Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 6.2% | 16.9% | 30.5% | 38.6% | -30.7% | 21.6% | 37.2% | 33.0% | -2.1% | 28.4% | 5.0% |
| QFF Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 56 Mil |
| Share Class Assets: | $ 56 Mil |
| Turnover: | na |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Malak Cyril (2026), Khan Aamer (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 26 |
| % in Top 10 Holdings: | 58.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 95.1% |
| Foreign Stock: | 4.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Empowered Funds, LLC |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | July 13, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.49% |
