Our ETFs
Lyrical's established value strategies. Now available as ETFs.
The same concentrated, high-active-share investment strategies Lyrical has managed for years, now available in a fully transparent, tax-efficient ETF structure.
Same investment philosophy, disciplined process, same portfolio managers.
Lyrical U.S. Value Equity ETF
A concentrated portfolio of approximately 33 companies selected from the 1,000 largest U.S.-traded stocks. Lyrical focuses its research on the least expensive quintile of this universe, seeking quality** businesses with attractive long-term earnings potential among the market’s most deeply discounted stocks.
The strategy has been managed continuously since January 2009.
- Benchmark
- S&P 500
- Holdings
- ≈33 stocks
- Active Share
- 98.5%
- Strategy Inception
- January 2009
- Unitary Fee*
- 0.75% of average daily net assets
- Gross Expense Ratio
- 0.75%
Lyrical International Value Equity ETF
A concentrated portfolio of 25–40 companies selected from approximately 1,500 large, developed-market stocks outside the U.S. Lyrical applies the same disciplined value approach across international markets, seeking deeply discounted businesses with the quality** and long-term earnings potential we believe are necessary for long-term investment success.
The strategy has been managed continuously since June 2019.
- Benchmark
- MSCI EAFE
- Holdings
- 25–40 stocks
- Active Share
- 98%
- Strategy Inception
- June 2019
- Unitary Fee*
- 0.75% of average daily net assets
- Gross Expense Ratio
- 0.75%
A new structure. Not a new strategy.
The Lyrical U.S. Value Equity ETF and Lyrical International Value Equity ETF continue the investment objectives and substantially similar investment strategies of their predecessor mutual funds. The ETFs are managed by the same portfolio management team, applying the same disciplined investment process.
Why an ETF?
A more efficient way to access Lyrical’s established investment strategies.
01
Tax Efficiency
The in-kind creation and redemption mechanism can reduce taxable capital gains distributions relative to a mutual fund.
02
Full Transparency
Complete portfolio holdings are published daily, providing investors with visibility into what they own.
03
Intraday Liquidity
Shares trade throughout the day at market prices, with no investment minimums or sales loads.
04
Simple, Lower-Cost Structure
One share class and one unitary fee provide straightforward access to Lyrical’s investment strategies.
Want to understand how we invest?
Explore our Investment Approach to learn more about our disciplined value philosophy.
*The Fund’s unitary fee is 0.75% of average daily net assets. Please see the prospectus for additional information.
Investing involves risk, including the possible loss of principal.
**Quality: Lyrical seeks to avoid “value trap” companies and favors resilient businesses it believes are better able to withstand economic and market setbacks. Lyrical’s investment team determines quality through fundamental research.
Investors should consider the investment objectives, risks, charges and expenses of each Fund carefully before investing. This and other important information is contained in each Fund’s summary prospectus and prospectus, which may be obtained above or by calling 1-833-VALUETF. Read carefully before investing.
The Lyrical U.S. Value Equity ETF and Lyrical International Value Equity ETF (together, the “Funds”) are the successors to the Lyrical U.S. Value Equity Fund and the Lyrical International Value Equity Fund, respectively, following reorganizations completed on November 6, 2026. Strategy inception dates refer to Lyrical’s U.S. Value Equity and International Value Equity strategies, not to the Funds.
Important Risk Information
Investing involves risk, including the possible loss of principal. The Funds are non-diversified and hold a limited number of securities; they may be more volatile than funds holding a greater number of securities. Value investing involves the risk that the market will not recognize a security’s intrinsic value for a long time, or that a stock judged to be undervalued may actually be appropriately priced. International investing involves additional risks, including currency fluctuation, political and economic instability, and differences in accounting standards.
While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Funds will achieve their objectives.
Definitions
Active Share is the percentage of a portfolio’s holdings, by weight, that differs from its benchmark index.
The S&P 500® Index is a market-capitalization-weighted index of 500 leading publicly traded companies in the U.S. The MSCI EAFE Index is an equity index that captures large- and mid-cap representation across developed-market countries around the world, excluding the U.S. and Canada. Indexes are unmanaged and it is not possible to invest directly in an index.
The Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Lyrical Asset Management LP or its affiliates.