XSVMs name reflects its straightforward approach to value with momentum, having an emphasis on value. Pulling from the S&P SmallCap 600, its index selects 240 names with the highest value scores, derived from book-to-price, trailing earnings per share-to-price and sales-to-price ratios. The index then picks the top 120 securities using momentum score which is based on upward price movements of each security relative to other eligible constituents. Selected securities are weighted by their value scores, thus, having the firms market-cap or size unrelated. The index rebalances semi-annually. Prior to June 24, 2019 the fund tracked a Russell pure value index under a different name and ticker (PXSV).