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Launched · SEC filings

Brandes U.S. Value ETF

BUSACboeBrandesC

$42.67+0.39 (+0.92%)

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

C47/ 100

Rank 36 of 66 in US Active Value

C47/100Rank 36 of 66inUS Active Value
Intraday session: up, 79 prints from 42.28 to 42.67. Range 42.42 to 42.73. Use the arrow keys to read each point.42.4042.5042.6010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$413M
1Y total return
+24.1%
Yield · Last 12 months
1.47%
Holdings
64
Avg volume · 30D
24.8K sh
52W range
low $34.20high $42.74
Launched
Filings
SEC EDGAR

The ETF.net BUSA Grade

C

Score 47 out of 100

Category
US Active Value⁠
Rank
36 of 66
Six-pillar profile for BUSA. Scores out of 100: Cost 25, Risk 62, Mission 55, Tradability 56, Holdings 75, Durability 63. Strongest: Holdings (75). Weakest: Cost (25). Leans toward Holdings.

Score 47 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.
    D25 out of 100
    Rank 49 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B55 out of 100
    Rank 26 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 21 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 26 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A75 out of 100
    Rank 14 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 24 of 66

Our read on BUSA

ETF.net Research

In short

CBrandes has run Benjamin Graham-style value money since 1974. BUSA is that half-century discipline in an ETF wrapper: about 60 US large caps, actively picked, measured against the Russell 1000 Value.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed portfolio invested primarily in U.S. company equity securities. It generally targets companies with market capitalizations above $5 billion.

Why people hold it

  • Brandes was founded in 1974 by a student of Benjamin Graham and has run value portfolios ever since. BUSA, launched in 2023, is that house discipline in an ETF.brandes.combrandes.com 2
  • About 60 US names, chosen against the Russell 1000 Value. The mandate generally targets companies above $5 billion in market cap, so this is large-cap territory.
  • The portfolio is the strongest part of the package: a focused, genuinely active book rather than an index clone with an active fee stapled on. Distributions run quarterly.

Worth knowing

  • At 0.60% it sits above the typical fee in its value cohort, and systematic rivals like AVLV (0.15%) and WTV (0.12%) charge a fraction of that. Stock picking costs.
  • Thinly traded next to the giants of US value, so spreads can run wider and order size matters more than it would in a household-name fund.
  • Roughly 60 holdings means individual names carry real weight, and a value book can look nothing like the broad market for long stretches, in either direction.

BUSA 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.
BUSA$12,405
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. BUSA $12,405. 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 BUSA. Periods over one year show the average yearly return.
PeriodBUSA
Year to date+17.0%
1 month+7.7%
3 months+3.9%
1 year+24.1%
3 yearsper year+21.5%
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 BUSA
YearReturn barBUSA
2026 YTD+17.0%
2025+17.6%
2024+15.8%
2023+9.0%

Since listing, Oct 9, 2023

BUSA in the news

BUSA 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.
1.47%Last 12 months
Payout per share
$0.62Last 12 months
Last payment
$0.16 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 $0.06; Mar 26, 2024 $0.07; Jun 27, 2024 $0.11; Sep 27, 2024 $0.10; Dec 30, 2024 $0.15; Mar 28, 2025 $0.12; Jun 27, 2025 $0.16; Sep 29, 2025 $0.12; Dec 30, 2025 $0.17; Mar 30, 2026 $0.13; Jun 29, 2026 $0.16; Sep 29, 2026 $0.16. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.16
Jun 29, 2026Jun 30, 2026$0.16
Mar 30, 2026Mar 31, 2026$0.13
Dec 30, 2025Dec 31, 2025$0.17
Sep 29, 2025Sep 30, 2025$0.12
Jun 27, 2025Jun 30, 2025$0.16
Mar 28, 2025Mar 31, 2025$0.12
Dec 30, 2024Dec 31, 2024$0.15
Sep 27, 2024Sep 30, 2024$0.10
Jun 27, 2024Jun 28, 2024$0.11
Mar 26, 2024Mar 28, 2024$0.07
Dec 27, 2023Dec 29, 2023$0.06

$10,000 in BUSA 3 years ago paid $588 in dividends.

BUSA Risk

Risk pillarB62 out of 100Rank 21 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
13.4%
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.
1.20
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.
−14.2%
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.
0.68
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.

BUSA Cost

Compare BUSA and WTV

Overpaying vs WTV, cheapest in US Active Value

$9,297

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

  • BUSA 0.60%

    $11,817

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • BUSA 0.60%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530BUSA $11,817WTV $2,520

Year by year

YearBUSAWTVOverpaying
10$1,076$220$856
20$4,116$859$3,257
30$11,817$2,520$9,297

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