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Launched · SEC filings

BrandywineGLOBAL-Dynamic US Large Cap Value ETF

DVALNasdaqFranklin TempletonC

$15.70−0.07 (−0.43%)

At close: Oct 26, 2026, 4:00 PM ET

C53/ 100

Rank 29 of 66 in US Active Value

C53/100Rank 29 of 66inUS Active Value
Intraday session: down, 13 prints from 15.77 to 15.70. Range 15.70 to 15.81. Use the arrow keys to read each point.15.7215.7415.8010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$60M
1Y total return
+14.4%
Yield · Last 12 months
5.16%
Holdings
98
Avg volume · 30D
12.2K sh
52W range
low $14.05high $16.83
Launched
Filings
SEC EDGAR

The ETF.net DVAL Grade

As of

C

Score 53 out of 100

Category
US Active Value⁠
Rank
29 of 66
Six-pillar profile for DVAL. Scores out of 100: Cost 57, Risk 53, Mission 68, Tradability 40, Holdings 61, Durability 60. Strongest: Mission (68). Weakest: Tradability (40). Leans toward Mission.

Score 53 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.
    B57 out of 100
    Rank 26 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B68 out of 100
    Rank 20 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 35 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 44 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B61 out of 100
    Rank 29 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 24 of 66

Our read on DVAL

ETF.net Research

In short

CActive value with a long paper trail: Brandywine Global's quant model hunts US large caps trading cheap against the Russell 1000 Value Index, inside a fund whose live record dates to 2006.

Stated mandate

The actively managed fund seeks exposure to U.S. large-capitalization companies that appear attractively valued relative to the Russell 1000 Value Index and rank highly under the manager’s quantitative model.

Why people hold it

  • Not an index in disguise. Roughly 110 stocks chosen by a quantitative model that ranks names against the Russell 1000 Value Index instead of copying it.
  • 0.49% a year undercuts the typical actively managed US value ETF in its peer group, so the manager's edge starts from a lower hurdle.
  • A 2006 start date means real money, real markets, not a backtest. Among active US value ETFs, it grades in the upper half of its peer group.

Worth knowing

  • Systematic value at index prices exists: AVLV runs 0.15% and WTV 0.12%. The extra fee here buys an active model, not cheaper beta.
  • Thinly traded and small by ETF standards, which tends to mean wider bid-ask spreads than the household-name value funds.
  • Payouts land annually or semiannually, so this is not built around a steady income drip.

DVAL Holdings

Holdings pillarB61 out of 100Rank 29 of 66 in US Active ValueAs of
Asset class
Stocks
Holdings
98
Top-10 weight
33%
Largest holding
CSCO3.9%

Sectors

  • Financials29.3%
  • Technology13.8%
  • Industrials12.1%
  • Health Care12.1%
  • Consumer Discretionary10.4%
  • Communication8.6%
  • Energy5.9%
  • Consumer Staples4.4%
  • Materials2.8%
  • Utilities0.7%

Geography

  • United States96.63%
  • Bermuda2.48%
  • Cayman Islands0.89%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CSCOCisco Systems Inc3.92%22,066$2.35M583
2UPSUnited Parcel Service-Cl3.71%22,019$2.23M351
3WFCWells Fargo & Co3.67%26,714$2.2M372
4BACBank of America Corp3.48%41,278$2.09M431
5CIThe Cigna Group3.34%6,528$2M364
6AAPLApple Inc3.18%5,489$1.91M719
7GEGeneral Electric3.06%6,414$1.83M401
8AMZNAmazon.com Inc2.97%7,178$1.78M733
9VZVerizon Communications In2.75%36,947$1.65M431
10BMYBristol-Myers Squibb Co2.74%26,684$1.64M465
11ANTMElevance Health Inc2.64%3,597$1.58M132
12CMCSAComcast Corp-Class A2.52%66,601$1.51M413
13MSFTMicrosoft Corp2.44%2,785$1.46M813
14HONHoneywell International I2.33%6,315$1.4M357
15TAT&T Inc1.99%57,049$1.19M416

Showing 1–15 of 30 holdings

DVAL Performance

Launched Dec 27, 2006

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.
DVAL$11,441
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,423
Oct 24, 2025 to Oct 26, 2026. DVAL $11,441. SPY $11,423. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 24, 2025 – Oct 26, 2026

Returns run to the Oct 26, 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.

As of
Trailing total return for DVAL. Periods over one year show the average yearly return.
PeriodDVAL
Year to date+12.9%
1 month+1.9%
3 months+0.8%
1 year+14.4%
3 yearsper year+15.0%
5 yearsHistory unavailableper yearNo data
10 yearsHistory unavailableper 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 DVAL
YearReturn barDVAL
2026 YTD+12.9%
2025+8.7%
2024+12.8%
2023+8.8%
2022+1.6%

History from Oct 31, 2022

DVAL in the news

DVAL 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 26, 2026.
5.16%Last 12 months
Payout per share
$0.81Last 12 months
Last payment
$0.52 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

Through Oct 26, 2026

One bar per payment. 5 payments from 2022 to 2026 YTD. Dec 12, 2022 $1.50; Dec 15, 2023 $0.14; Dec 20, 2024 $0.38; Dec 19, 2025 $0.29; Oct 1, 2026 $0.52. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.52
Dec 19, 2025Dec 29, 2025$0.29
Dec 20, 2024Dec 30, 2024$0.38
Dec 15, 2023Dec 26, 2023$0.14
Dec 12, 2022Dec 20, 2022$1.50

DVAL Risk

Risk pillarC53 out of 100Rank 35 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
12.0%
Annualised · 36 months to Sep 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.
0.70
vs 3-month T-bills · to Sep 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.
−18.2%
47 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.

DVAL Cost

DVAL cost

$9,792

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

  • DVAL 0.49%

    $9,792

$10,000
30 years

Cost over time

  • DVAL 0.49%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530DVAL $9,792

Year by year

YearDVAL
10$883
20$3,394
30$9,792