Raskolnikov,
If you are going to reply, then it will help others if you at least try and add some value with your comment. Fundamental ETFs are value oriented exchange traded funds with low annual management costs and no upfront fes etc. They obviously are not as focused as any of the infamous Ben Graham direct stock picking approaches but then 'blass' above is clearly not an experienced investor and, as I interpret it, would not be either able or inclined to buy individual stocks based on value principles. The Hibernian Fund is an alternative, albeit a higher cost one as perhaps would Eagle Star's Dividend Growth Fund, which also follows a well-defined value discipline.
Rory Gillen