ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
MFS Blended Research Small-Mid Cap ETF
$25.140.00 (0.00%)
- 0.38%
- $27M
- 0M sh
- $25.11
- low $24.06high $26.65
The ETF.net BRSM Grade
B
Score 62 out of 100
- 12 of 48
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A77 out of 100Rank 11 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 25 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 28 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 7 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 34 of 48
Our read on BRSM
BMFS has been blending its stock analysts' calls with its quant models since around 2000. BRSM puts that process into an ETF, pointed at small and mid caps and held close to the Russell 2500 on risk.
The fund uses fundamental and quantitative analysis to select investments and builds a portfolio while managing issuer, industry, sector, market-capitalization, and volatility risks relative to the Russell 2500 Index.
Why people hold it
- Costs 0.38% a year, below the going rate for actively run small/mid-cap funds.
- The engine isn't new: MFS has run its Blended Research process, fundamental analyst views plus quant models, since around 2000. The ETF wrapper is the fresh part.mfs.com
- Risk is managed against the Russell 2500: issuer, industry, sector, size and volatility exposures stay in check, so stock selection is meant to do the work.
Worth knowing
- A June 2026 launch, so there is no long record of how the blend behaves in this wrapper through a full market cycle.
- Assets are still modest and trading light, which can mean wider bid/ask spreads than established peers carry.
- Cheaper systematic small/mid choices exist, among them AVMC and JMEE; the fee here buys MFS research, not a rules-based screen.
BRSM Holdings
- Stocks
- 316
- 10%
- OKTA
Geography
- United States91.49%
- United Kingdom2.30%
- Bermuda1.49%
- Cayman Islands1.05%
- Puerto Rico0.93%
- Switzerland0.86%
- Ireland0.43%
- Netherlands0.32%
- 1.12%
BRSM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BRSM$9,801
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BRSM |
|---|---|
| Year to date | — |
| 1 month | −1.5% |
| 3 months | −2.0% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BRSM |
|---|---|---|
| 2026 YTD | +0.4% |
BRSM in the news
BRSM Dividends
Listed Jun 2026. No distributions yet.
BRSM Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BRSM Cost
0.38%
BRSM0.38%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
10 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- BCGMMCapital Group U.S. Small and Mid Cap ETFExpense ratio 0.51%1 year return +14.8%
- BFFSMFidelity Fundamental Small-Mid Cap ETFExpense ratio 0.43%1 year return +21.1%
- BTMSLT. Rowe Price Small-Mid Cap ETFExpense ratio 0.55%1 year return +21.1%
- BJMIDJanus Henderson Mid Cap Growth Alpha ETFExpense ratio 0.30%1 year return +11.6%
- BSMIGBahl & Gaynor Small/Mid Cap Income Growth ETFExpense ratio 0.60%1 year return +11.7%