Brandes U.S. Small-Mid Cap Value ETF
$38.74−0.16 (−0.41%)
- Expense ratio
- 0.70%
- Fund size
- $170M
- 1Y return
- +17.6%
- Yield · Last 12 months
- 0.93%
- Holdings
- 67
- Volume · 30D
- 0M sh
- NAV per share
- $38.74
- 52W range
The ETF.net BSMC Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 34Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 67Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 55Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 44Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 56Category rank
Our read on BSMC
CA value shop's bet on the forgotten middle of the US market: roughly 70 small- and mid-cap stocks, hand-picked for being cheap relative to their financial strength. Active, concentrated, and unapologetically old-school.
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
- Concentrated by design: roughly 70 stocks, not a thousand. Every pick has to carry weight, which is the point of hiring an active value manager in the first place.
- The mandate is specific: US small- and mid-caps the team judges undervalued against their financial strength and upside potential. No drifting into mega-cap growth.brandes.com
- What it owns is the strongest part of the story, and the fund lands in the upper half of a crowded field of active US equity ETFs.
- Income arrives on a quarterly schedule rather than being reinvested silently.
Worth knowing
- At 0.70% a year it prices above the typical active US equity ETF, and rivals like DFAU and AVLC run systematic strategies for a fraction of that.
- It is a smaller, thinly traded fund, so spreads can widen and your fill price deserves a look before you hit the button.
- Launched in 2023, so the live record is short and has not yet run through a full market cycle.
BSMC Holdings
- Stocks
- 67
- 26%
- INVX
Sectors
- Health Care21.8%
- Technology17.6%
- Industrials14.9%
- Cons. Staples14.6%
- Financials10.8%
- Consumer Discr.7.4%
- Energy6.9%
- Materials3.9%
- Communication2.1%
Geography
- United States88.90%
- United Kingdom4.16%
- Israel1.90%
- Spain1.53%
- Canada1.51%
- Brazil1.07%
- Netherlands0.92%
BSMC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | BSMC |
|---|---|
| Year to date | +12.5% |
| 1 month | −4.5% |
| 3 months | +3.0% |
| 1 year | +17.6% |
| 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 | BSMC |
|---|---|---|
| 2026 YTD | +12.5% | |
| 2025 | +15.5% | |
| 2024 | +10.2% | |
| 2023 | +10.5% |
BSMC in the news
ETF.net Research hasn’t filed on BSMC yet — coverage lands here as it’s written.
BSMC Dividends
- 0.93%
- $0.36
- $0.09 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.09 |
| Mar 30, 2026 | Mar 31, 2026 | $0.08 |
| Dec 30, 2025 | Dec 31, 2025 | $0.12 |
| Sep 29, 2025 | Sep 30, 2025 | $0.07 |
| Jun 27, 2025 | Jun 30, 2025 | $0.09 |
| Mar 28, 2025 | Mar 31, 2025 | $0.12 |
| Dec 30, 2024 | Dec 31, 2024 | $0.09 |
| Sep 27, 2024 | Sep 30, 2024 | $0.07 |
| Jun 27, 2024 | Jun 28, 2024 | $0.06 |
| Mar 26, 2024 | Mar 28, 2024 | $0.09 |
| Dec 27, 2023 | Dec 29, 2023 | $0.04 |
BSMC Risk
- 13.3%
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.
- 1.15
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.
- −19.1%
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.
- 0.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BSMC Cost
- The middle half of US Active Small/Mid-Cap funds
- Median 0.55%
31 of the 47 US Active Small/Mid-Cap funds charge less.