Brandes U.S. Small-Mid Cap Value ETF
$38.52+0.21 (+0.55%)
- 0.70%
- $168M
- +19.2%
- 0.99%
- 0M sh
- $38.37
- low $32.40high $41.46
The ETF.net BSMC Grade
C
Score 44 out of 100
- 27 of 48
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.D34 out of 100Rank 32 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.A70 out of 100Rank 10 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 38 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 34 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B59 out of 100Rank 18 of 48
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
- 27%
- INVX
Sectors
- Health Care23.2%
- Technology16.9%
- Consumer Staples15.3%
- Industrials14.4%
- Financials10.4%
- Consumer Discretionary7.2%
- Energy6.7%
- Materials3.9%
- Communication1.9%
Geography
- United States88.89%
- United Kingdom3.95%
- Israel2.14%
- Spain1.60%
- Canada1.49%
- Brazil1.03%
- Netherlands0.90%
BSMC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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BSMC$11,918
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 | BSMC |
|---|---|
| Year to date | +11.1% |
| 1 month | −2.2% |
| 3 months | −2.5% |
| 1 year | +19.2% |
| 3 years | +16.4% |
| 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 | +11.1% | |
| 2025 | +15.5% | |
| 2024 | +10.2% | |
| 2023 | +10.5% |
BSMC in the news
BSMC Dividends
- 0.99%
- $0.38
- $0.09 per share
- Quarterly
Distribution history
BSMC Risk
- 14.0%
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.
- 0.89
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
0.70%
BSMC0.70%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
30 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- CSMOXHorizon Small/Mid Cap Core Equity ETFExpense ratio 0.75%1 year return —
- CTSMEThrivent Small-Mid Cap Equity ETFExpense ratio 0.65%1 year return +16.2%
- CMMIDMFS Active Exchange Traded Funds Trust - MFS Active Mid Cap ETFExpense ratio 0.59%1 year return +8.8%
- CHSMVFirst Trust Horizon Managed Volatility Small/Mid ETFExpense ratio 0.80%1 year return +5.7%
- CHWSMHotchkis & Wiley SMID Cap Diversified Value FundExpense ratio 0.55%1 year return +18.9%