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Launched · SEC filings

Brandes U.S. Small-Mid Cap Value ETF

BSMCCboeBrandesC

$40.48+0.50 (+1.25%)

As of Nov 2, 2026, 3:59 PM ET

C44/ 100

Rank 26 of 47 in US Active Small/Mid-Cap

C44/100Rank 26 of 47inUS Active Small/Mid-Cap
Intraday session: up, 74 prints from 39.98 to 40.48. Range 40.35 to 42.09. Use the arrow keys to read each point.41.0041.5042.0010 AM12 PM2 PM4 PM
Expense ratio
0.71%
Fund size
$175M
1Y total return
+20.9%
Yield · Last 12 months
0.95%
Holdings
66
Avg volume · 30D
11.4K sh
52W range
low $32.40high $41.46
Launched
Filings
SEC EDGAR

The ETF.net BSMC Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
US Active Small/Mid-Cap⁠
Rank
26 of 47
Six-pillar profile for BSMC. Scores out of 100: Cost 30, Risk 78, Mission not scored, Tradability 37, Holdings 40, Durability 57. Strongest: Risk (78). Weakest: Cost (30). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C 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.
    D30 out of 100
    Rank 33 of 47

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A78 out of 100
    Rank 4 of 44

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 37 of 47

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 37 of 47

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 20 of 47

Our read on BSMC

ETF.net Research

In short

CBrandes has run Graham-and-Dodd value investing since 1974, and BSMC puts that process in an ETF: roughly 70 out-of-favor U.S. small and mid caps, picked one business at a time, for 0.71%.

Stated mandate

BSMC seeks long-term capital appreciation by investing predominantly in U.S. equity securities of small- and mid-capitalization companies that the investment team considers undervalued relative to their financial strength and upside potential.

Why people hold it

  • A 1974-vintage value house in ETF form. Brandes built its name on Benjamin Graham's bottom-up discipline, and the same intrinsic-value process selects the names here.brandes.com
  • Concentrated on purpose: roughly 70 stocks judged on financial strength and upside versus price, not a thousand-name screen rebalanced on a calendar.
  • A mandate you can hold them to: at least 80% of net assets in U.S. companies sized within the Russell 2500 range. Income is paid out quarterly.sec.gov

Worth knowing

  • At 0.71% (no fee waiver) it prices above the category median, and AVMC at 0.18% or FEMV at 0.23% deliver mid-cap exposure for a fraction of that.
  • Thinly traded with a modest asset base, so the spread you pay matters more here than with the category's heavyweights.
  • Launched in 2023, so the live record is short next to the category's strongest-rated, longer-tenured options.

BSMC Performance

Launched Oct 9, 2023

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.
BSMC$12,088
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BSMC $12,088. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for BSMC. Periods over one year show the average yearly return.
PeriodBSMC
Year to date+15.9%
1 month+6.0%
3 months−0.3%
1 year+20.9%
3 yearsper year+19.0%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BSMC
YearReturn barBSMC
2026 YTD+15.9%
2025+15.5%
2024+10.2%
2023+10.5%

Since listing, Oct 9, 2023

BSMC in the news

BSMC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.95%Last 12 months
Payout per share
$0.38Last 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 12 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.04; Mar 26, 2024 $0.09; Jun 27, 2024 $0.06; Sep 27, 2024 $0.07; Dec 30, 2024 $0.09; Mar 28, 2025 $0.12; Jun 27, 2025 $0.09; Sep 29, 2025 $0.07; Dec 30, 2025 $0.12; Mar 30, 2026 $0.08; Jun 29, 2026 $0.09; Sep 29, 2026 $0.09. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.09
Jun 29, 2026Jun 30, 2026$0.09
Mar 30, 2026Mar 31, 2026$0.08
Dec 30, 2025Dec 31, 2025$0.12
Sep 29, 2025Sep 30, 2025$0.07
Jun 27, 2025Jun 30, 2025$0.09
Mar 28, 2025Mar 31, 2025$0.12
Dec 30, 2024Dec 31, 2024$0.09
Sep 27, 2024Sep 30, 2024$0.07
Jun 27, 2024Jun 28, 2024$0.06
Mar 26, 2024Mar 28, 2024$0.09
Dec 27, 2023Dec 29, 2023$0.04

$10,000 in BSMC 3 years ago paid $401 in dividends.

BSMC Risk

Risk pillarA78 out of 100Rank 4 of 44 in US Active Small/Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
14.1%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.00
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−19.1%
36 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BSMC Cost

Compare BSMC and AVMC

Overpaying vs AVMC, cheapest in US Active Small/Mid-Cap

$10,033

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BSMC 0.71%

    $13,782

  • AVMC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • BSMC 0.71%
  • AVMC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BSMC $13,782AVMC $3,749

Year by year

YearBSMCAVMCOverpaying
10$1,267$328$939
20$4,824$1,281$3,543
30$13,782$3,749$10,033

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