Alpha Architect Global Factor Equity ETF · NASDAQ:AAVM
Alpha Architect Global Factor Equity ETF — Alpha Architect — 2026 State of the Union Webinar
57 slides from Alpha Architect Global Factor Equity ETF's conference presentation, Oct 9, 2026
Slide 1: 2026 State of the Union
WEBINAR 2026 State of the Union Presented by Alpha Architect partners Wes Gray, PhD, Jack Vogel, PhD, and Ryan Kirlin
Slide 2: Standardized returns | as of 9/30/2026
Standardized returns | as of 9/30/2026 Annualized 3 Yr. Annualized 5 Yr. Annualized 10 yr. Total Annualized Return Since 1 Yr. Total Return Total Return Return Inception Expense Ratios Name Ticker Inception Date NAV Mkt. NAV Mkt. NAV Mkt. NAV Mkt. NAV Mkt. Gross Net Tail Risk CAOS 8/14/2013 1.07% 1.
Slide 3: Standardized returns | as of 9/30/2026
Standardized returns | as of 9/30/2026 Annualized 3 Yr. Annualized 5 Yr. Annualized 10 yr. Total Annualized Return Since 1 Yr. Total Return Total Return Return Inception Expense Ratios Name Ticker Inception Date NAV Mkt. NAV Mkt. NAV Mkt. NAV Mkt. NAV Mkt. Gross Net iShares Core S&P 500 IVV 5/15/200
Slide 4: Third-party fund justification
THIRD-PARTY FUND JUSTIFICATION Alpha Architect model portfolios may include ETFs or other registered products issued by third-party companies with whom we are not affiliated. The inclusion of these third-party funds in our model portfolios does not constitute a recommendation, solicitation, or endor
Slide 5: Alpha Architect leadership
Alpha Architect leadership Wesley Gray, Ph.D. Jack Vogel, Ph.D. Ryan Kirlin CEO, co-CIO, Portfolio Manager CFO, co-CIO, Portfolio Manager President 5
Slide 6: Empower Investors Through Education
Our Mission Empower Investors Through Education
Slide 7: Our core beliefs reinforce our mission
Our core beliefs reinforce our mission We believe education helps clients become better investors Core Belief Why Important Mission Impact Transparency, Transparency increases trust Sustainable investors not Black-Boxes for the process understand their plan Evidence-Based, Evidence increases chance
Slide 8: We exist because of our investors!
We exist because of our investors! Assets under management As of 12/31, $ million $12,021 On behalf of the Alpha Architect team, THANK YOU for your continued trust and partnership. $5,729 $1,592 $595 2022 2023 2024 2025 Source: Alpha Architect.
Slide 9: Scale means we can pass savings to you
Scale means we can pass savings to you Focused Factor Fund historical net expense ratio Since common inception, 2015-2026 2015 – 2019 – Ticker 20191 20221 20231 2024-20251 20261 QVAL 0.79% 0.49% 0.39% 0.29% 0.28% VALUE IVAL 0.79% 0.59% 0.49% 0.39% 0.38% MOMENTUM QMOM 0.79% 0.49% 0.39% 0.29% 0.28% IM
Slide 10: And keep our fees highly competitive
And keep our fees highly competitive Net Category Avg. Ticker Expense Ratio1 % Rank2 Fund Category Expense Ratio3 Funds in category QVAL 0.28% 7.6% Mid-Cap Value 0.96% 393 IVAL 0.38% 7.7% Foreign Large Value 0.95% 360 FACTOR QMOM 0.28% 4.0% Mid-Cap Growth 1.05% 444 IMOM 0.38% 19.4% Foreign Large Ble
Slide 11: SOTU '25 Agenda
AGENDA Alpha Architect 1. ~$1 billion raised in 351 Exchanges SOTU ‘25 2. IMOM posts best return since inception 3. CAOS, HIDE diversify during tariff sell-off 4. Model portfolio performance 5. New educational resources 6. Audience Q&A 11
Slide 12: SOTU '25 Agenda
AGENDA Alpha Architect 1. ~$1 billion raised in 351 Exchanges SOTU ‘25 2. IMOM posts best return since inception 3. CAOS, HIDE diversify during tariff sell-off 4. Model portfolio performance 5. New educational resources 6. Audience Q&A 12
Slide 13: What is a 351 Exchange?
What is a 351 Exchange? Section 351 of the Internal Revenue Code (IRC) enables individuals to contribute property such as 351 Exchange? stocks or ETFs, into a newly formed corporation. §351 allows shareholders to transfer property to a corporation in exchange for stock without recognizing gain or lo
Slide 14: 351 Exchange diversification tests
351 Exchange diversification tests Any contributing portfolio must be considered diversified. Rule #1: No More Than 25% In A Single Asset1 Rule #2: 50%/5 Securities1 Single concentrated positions do not qualify ≥50% of the portfolio’s value cannot be concentrated in five securities. Largest Asset 25
Slide 15: ETFs are assessed on a look-through basis
ETFs are assessed on a look-through basis For diversification test purposes, ETFs that hold U.S. securities are assessed based on their underlying holdings, not as a single security.1 POTENTIALLY ONE HUNDREDS OF ETF SECURITIES For illustrative purposes only. 1While the look-through rule generally le
Slide 16: Current 351 Exchange inventory
Current 351 Exchange inventory A 351 Exchange is ONE-TIME event. Once the contribution window is closed, the fund cannot accept new money. Gross/Net Estimated Contribution Estimated Actual Status Ticker Name Expense Ratio Close Inception Date Inception Date Seeded AUM Closed AAUS U.S. Equity 0.15% -
Slide 17: Core equity at a competitive cost
Core equity at a competitive cost We believe our strategy of Core U.S. Equity exposure at competitive fees has resonated with the market. Core U.S. Equity Competitive fees Primary investment objective Avg. 351 ETF expense ratio vs. Alpha Architect 351 ETFs 0.42% Anticipated close 3/19/2026 0.15% 0.1
Slide 18: We aim to closely track the U.S. stock market
We aim to closely track the U.S. stock market While the timeframe is short, we believe our strategy will produce results that closely track the U.S. stock market 1 AAUS has a 0.98 correlation to the market AAEQ has a 0.95 correlation to the market Total return at NAV since AAUS inception Total retur
Slide 19: Syndicated 351 process timeline
Syndicated 351 process timeline From start to finish, a Syndicated 351 Exchange takes approx. 60 days to facilitate. Approx. 60 days before inception Approx. one week before inception Inception day Identify potential securities to contribute Contributing portfolio tax lots reconciled Investors recei
Slide 20: SOTU '25 Agenda
AGENDA Alpha Architect 1. ~$1 billion raised in 351 Exchanges SOTU ‘25 2. IMOM posts best return since inception 3. CAOS, HIDE diversify during tariff sell-off 4. Model portfolio performance 5. New educational resources 6. Audience Q&A 20
Slide 21: IMOM posts best year since inception
IMOM posts best year since inception IMOM gained 46.96% at NAV, outperforming both Foreign Large Blend and peer Foreign Momentum ETFs IMOM gains 46.96% at NAV in 2025 Industrials and Financials drive returns Total return at NAV Return contribution by sector 60.00% Industrials 17.9% 50.00% Finance 16
Slide 22: Int'l Factors: smaller, cheaper stocks drove returns
Int’l Factors: smaller, cheaper stocks drove returns IMOM and IVAL both captured their respective premiums, driving outperformance. Developed (ex-US) Academic Long/Short Factors1 IMOM and IVAL capitalized on favorable market conditions Factor performance Total return at NAV Market (MKT) Excess (Rm-R
Slide 23: U.S. Factors: bigger, more expensive stocks drove returns
U.S. Factors: bigger, more expensive stocks drove returns Despite headwinds, QVAL found opportunities in mid-caps; QMOM scraped together a positive return as momentum flipped from last year. U.S. Academic Long/Short Factors QVAL and QMOM found opportunities Factor performance Total return at NAV Mar
Slide 24: Value and Momentum: the "varsity" factors
Value and Momentum: the “varsity” factors Both Alpha Architect’s U.S. and International focused factor ETFs have outperformed their respective markets in six of nine years. 2017 2018 2019 2020 2021 2022 2023 2024 2025 QVAL US LG BLEND US LG BLEND QMOM QVAL QMOM QVAL QMOM US LG BLEND 23.40% -4.26% 30
Slide 25: AAVM: All-in-one factor allocation
AAVM: All-in-one factor allocation AAVM has generated competitive returns after the strategy changed to be long-only starting 1/31/2025. Competitive returns as a long-only strategy International took over in Q2 2025 Total return at NAV Quarter/quarter portfolio change 30.00% 15.0% AAVM 10.0% 24.43%
Slide 26: SOTU '25 Agenda
AGENDA Alpha Architect 1. ~$1 billion raised in 351 Exchanges SOTU ‘25 2. IMOM posts best return since inception 3. CAOS, HIDE diversify during tariff sell-off 4. Model portfolio performance 5. New educational resources 6. Audience Q&A 26
Slide 27: Drawdowns can be fast or slow
Drawdowns can be fast or slow Using stocks to drive returns means accepting that there are periods where no amount of diversification across styles, sizes, or geographies can completely mitigate downside risk. 0% Jan '20 Jan '21 Jan '22 Jan '23 Jan '24 Jan '25 -10% Max drawdown % -20% Fast crash Sto
Slide 28: CAOS, HIDE diversify in April fast crash
CAOS, HIDE diversify in April fast crash As stocks fell quickly in response to the proposed change to American trade policy, CAOS and HIDE provided robust diversification. CAOS gained 4.6% through Apr. 8th , outperforming bonds HIDE minimized downside, outperforming managed futures Total return at N
Slide 29: CAOS is our secret weapon for fast crashes
CAOS is our secret weapon for fast crashes The Alpha Architect Tail Risk ETF (CAOS) seeks to produce positive returns during fast crashes and competitive returns across market cycles. CAOS gained approx. 39% during 2020’s COVID sell-off Competitive returns across market cycles Annualized returns thr
Slide 30: HIDE is our secret weapon for slow crashes
HIDE is our secret weapon for slow crashes The Alpha Architect High Inflation and Deflation ETF (HIDE) uses trend-following to adjust the portfolio based on current market conditions. HIDE Portfolio Target Weights1 Possible HIDE portfolio allocations Real estate tends to appreciate during REITs expa
Slide 31: Our robust trend rules in action
Our robust trend rules in action While past performance does not guarantee future results, we believe our robust trend rules can be used to potentially diversify inflationary or deflationary environments. 100% DEFLATION INFLATION (Feb 2020 – Mar 2021) (Apr 2021 – Jul ‘23) • The Fed cuts rates from •
Slide 32: SOTU '25 Agenda
AGENDA Alpha Architect 1. ~$1 billion raised in 351 Exchanges SOTU ‘25 2. IMOM posts best return since inception 3. CAOS, HIDE diversify during tariff sell-off 4. Model portfolio performance 5. New educational resources 6. Audience Q&A 32
Slide 33: Equity model allocation
Equity model allocation We attempt to diversify broad global market exposure with our focused Value and Momentum ETFs at a competitive cost • Globally diversified. Portfolio allocated to 65% U.S. stocks, 35% international stocks. • Market direction. 62% in global index funds to track the general dir
Slide 34: Equity model gains approx. 23%
Equity model gains approx. 23% FRDM, IMOM lead internationals in a strong year across the model portfolio Equity Model 2025 Returns Total return at NAV Internationals drive 2025 returns Weighted Return Total Return 30.00% Glbl. Lg. Stocks 2.97% 25.00% FRDM 24.13% 59.40% Equity Model 2.82% 20.00% IMO
Slide 35: Equity model results since inception
Equity model results since inception Common inception is 5/21/2019 Competitive returns with modest tracking error Annualized returns and portfolio characteristics Total return at NAV Benchmark 160% Global Lg. Stocks1 Equity Model2 140% YTD 24.41% 23.34% Equity model 120% 1 Yr. 24.41% 23.34% Glbl. Lg
Slide 36: Equity diversifier model allocation
Equity diversifier model allocation Attempts to minimize exposure to both fast and slow drawdown conditions. 50% FAST CRASHES TREND-FOLLOWED • 25% Treasuries. When stocks fall fast, investors tend to react by FAST Commodities selling stocks and buying Treasuries, bonds backed by the US Treasuries 0-
Slide 37: Equity diversifier model gains approx. 5%
Equity diversifier model gains approx. 5% Trending treasuries help boost returns for the diversifier model Equity Diversifier Model 2025 Returns HIDE, Treasuries drive 2025 returns Total return at NAV Weighted Return Total Return 8.00% Core Bonds 7.21% 1.84% 6.00% SCHR Diversifier 7.37% 5.25% 4.00%
Slide 38: Equity diversifier model results since inception
Equity diversifier model results since inception Common inception is 5/21/2019 Competitive risk-adjusted returns Annualized returns and portfolio characteristics Total return at NAV Benchmark 100% US Core Bonds1 Diversifier Model2 20% YTD 7.21% 5.25% Core Bonds 1 Yr. 7.21% 5.25% 16% Annualized 3 Yr.
Slide 39: Portfolios by risk tolerance
Portfolios by risk tolerance CONSERVATIVE MODERATE AGGRESSIVE Name Ticker Expense Ratio 0/1001 10/901 20/801 30/701 40/601 50/501 60/401 70/301 80/201 90/101 100/01 iShares IVV 0.03% 0.0% 3.9% 7.8% 11.7% 15.6% 19.5% 23.4% 27.3% 31.2% 35.1% 39.0% Core S&P 500 US STOCKS Alpha Architect QMOM2 0.29% 0.0
Slide 40: SOTU '25 Agenda
AGENDA Alpha Architect 1. ~$1 billion raised in 351 Exchanges SOTU ‘25 2. IMOM posts best return since inception 3. CAOS, HIDE diversify during tariff sell-off 4. Model portfolio performance 5. New educational resources 6. Audience Q&A 40
Slide 41: How We're Supporting Advisors in 2026
KEEP LEARNING. STAY AHEAD. How We’re Supporting Advisors in 2026 • Personalized Content Library • Expanded YouTube education Designed to help advisors cut through the noise and stay ahead of the curve. • In-depth 351 Education Center • Education and timely Webinars • In-person Conference 41
Slide 42: Alpha Architect's Education Center
O Alpha Architect’s 351 Education Center For use cases, tools, FAQs, upcoming launches, and more visit: funds/alphaarchitect.com/351EducationCenter What Happens to How Much Work My Tax Lots ina Meet the 25/50 Rules is Involved ina 351 Exchange? for 351 Exchanges 351 Exchange? 2351 EXCHANGE USE CASE:
Slide 43: We're Rebalancing the Content Library
We’re Rebalancing the Content Library. Content Library Smarter organization. Research, resources, and practical tools - More relevant content. organized to help you learn faster and apply insights with confidence. Delivered when it matters most. BROWSE RESOURCES Check out our brand new content libra
Slide 44: Education, On Demand
EDUCATION, ON DEMAND Clear explanations. Thoughtful analysis. Built with intention. Subscribe on YouTube → youtube.com/@AlphaArchitect
Slide 45: YouTube: We've grown to over 3,600 subscribers!
YouTube: We’ve grown to over 3,600 subscribers! For informational purposes only. 45
Slide 46: Learn With Us All Year Long
January Stranger Things: Fundamentals Don’t Lie 22 Learn With Us-All Year Long February Consolidate Your Portfolio with AAUA via a 351 Exchange 19 Inside the HIDE ETF: An Monthly product webinars + March Alternative to Managed frequent 351 education around 19 Futures launches. April Managing Fast an
Slide 47: See You on the Road.
See You on the Road. We’ll be attending advisor conferences throughout 2026 and we’d love to connect. Beacon Point Basis FutureProof Wealthcare National Advisor Summit Northwest Festival Advisors Dana Point, CA Seattle, WA Huntington Beach, CA Nashville, TN February 23–26, 2026 May 28-29, 2026 Septe
Slide 48: Headshots powered by AI. ETF Education powered by humans.
Headshots powered by AI. ETF Education powered by Alex Clark Jose Ordoñez humans. Product Marketing Financial Education Mike Fedak Sales Caroline Connolly Christian Melendez Marketing Multimedia 5
Slide 49: Bring on 2026! Let's take questions.
Bring on 2026! Let’s take questions.
Slide 50: Important Information
IMPORTANT INFORMATION This material has been distributed for informational purposes only and should not be considered investment advice or a recommendation of any particular security, strategy, or investment product. Information contained herein has been obtained from sources believed to be reliable
Slide 51: Important Information
IMPORTANT INFORMATION Risks common to AAUS, AAUA, AAGW and AAEQ Annual Reevaluation Risk. The Fund’s investment universe will be reevaluated annually by the Sub-Adviser. As a result, the Fund’s exposure to one or more securities may be affected by significant price movements promptly following the a
Slide 52: Important Information
IMPORTANT INFORMATION Risks common to CAOS, Cboe:BOXX, BOXA, AAUS, AAUA, AAGW, and AAEQ Counterparty Risk. Counterparty risk is the risk that a counterparty to a financial instrument held by the Fund or by a special purpose or structured vehicle invested in by the Fund may become insolvent or otherw
Slide 53: Important Information
IMPORTANT INFORMATION Risks specific to HIDE (cont’d) Fixed Income Risk. The market value of fixed income securities will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. During periods of falli
Slide 54: Important Information
IMPORTANT INFORMATION Note on category average methodology Constituents of a given category are determined by YCharts. As of 4/30/2024, the calculation method used to determine the category average’s returns changed to account for potentially different inception dates. Previously, a straight average
Slide 55: Important Information
IMPORTANT INFORMATION Category averages referenced Equity Hedged is composed of portfolios use a variety of means to protect the value of their equity exposure during times of market weakness. These funds may exchange equity risk for some other risk premium, such as volatility. They may also make op
Slide 56: Important Information
IMPORTANT INFORMATION Category averages referenced (cont’d) US Large Blend is represented by the 50 biggest ETFs in the Large Blend category based on assets under management (AUM). Large Blend portfolios are fairly representative of the overall US stock market in size, growth, rates, and price. Stoc
Slide 57: Important Information
IMPORTANT INFORMATION RBICS Sector Definitions Business Services is composed of companies that offer services targeted toward businesses, including administrative, support, janitorial, and professional services. Consumer Cyclicals is composed of companies that offer products targeted toward individu