Skip to content
etf.net

Launched · SEC filings

BrandywineGLOBAL-Dynamic US Large Cap Value ETF

DVALNasdaqC

$15.50+0.02 (+0.12%)

At close: Oct 13, 2026, 4:00 PM

C53/ 100

Rank 30 of 66 in US Active Value

C53/100Rank 30 of 66inUS Active Value
Intraday session: up, 10 prints from 15.48 to 15.50. Range 15.45 to 15.59. Use the arrow keys to read each point.15.4515.5315.5515.5710 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$61M
1Y total return
+16.2%
Yield · Last 12 months
5.22%
Holdings
100
Avg volume · 30D
0M sh
NAV per share
$15.51
52W range
low $14.05high $16.83
Launched
Filings
SEC EDGAR

The ETF.net DVAL Grade

C

Score 53 out of 100

Category
US Active Value⁠
Rank
30 of 66
Six-pillar profile for DVAL. Scores out of 100: Cost 59, Risk 54, Mission 68, Tradability 35, Holdings 59, Durability 59. Strongest: Mission (68). Weakest: Tradability (35). 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.
    B59 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.
    C54 out of 100
    Rank 33 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 51 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 31 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B59 out of 100
    Rank 28 of 66

Our read on DVAL

ETF.net Research

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

  1. 01Not 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.
  2. 020.49% a year undercuts the typical actively managed US value ETF in its peer group, so the manager's edge starts from a lower hurdle.
  3. 03A 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

  1. 01Systematic value at index prices exists: AVLV runs 0.15% and WTV 0.12%. The extra fee here buys an active model, not cheaper beta.
  2. 02Thinly traded and small by ETF standards, which tends to mean wider bid-ask spreads than the household-name value funds.
  3. 03Payouts land annually or semiannually, so this is not built around a steady income drip.

DVAL Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
100
Top-10 weight
34%
Largest holding
CSCO4.4%

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 States96.69%
  • Bermuda2.31%
  • Brazil1.00%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CSCOCisco Systems Inc4.45%22,936$3M592
002BACBank of America Corp3.82%42,907$2M439
003WFCWells Fargo & Co3.80%27,767$2M372
004UPSUnited Parcel Service-Cl3.54%22,888$2M351
005GEGeneral Electric3.36%6,666$2M405
006AMZNAmazon.com Inc3.21%7,460$2M736
007AAPLApple Inc3.14%5,705$2M715
008CIThe Cigna Group3.14%6,786$2M360
009BMYBristol-Myers Squibb Co2.69%27,737$2M463
010VZVerizon Communications In2.62%38,405$2M437
011MSFTMicrosoft Corp2.54%2,896$2M815
012ANTMElevance Health Inc2.53%3,738$2M130
013CMCSAComcast Corp-Class A2.34%69,229$1M419
014HONHoneywell International I2.23%6,564$1M355
015TAT&T Inc2.15%59,299$1M418

Showing 1–15 of 100 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$11,622
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DVAL $11,622. SPY $12,044. Use the arrow keys to read each point.$9,576$10,950$12,325Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for DVAL. Periods over one year show the average yearly return.
PeriodDVAL
Year to date+11.4%
1 month−2.6%
3 months+0.7%
1 year+16.2%
3 yearsper year+13.7%
5 yearsHistory unavailableper year—
10 yearsHistory unavailableper year—

As of the close, 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+11.4%
2025+8.7%
2024+12.8%
2023+8.8%
2022+1.6%

History from Oct 31, 2022

DVAL in the news

Filtered to DVAL · US Active Value

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 12, 2026.
5.22%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

2022–2026

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

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.

DVAL Cost

Expense ratio0.49%
  • The middle half of US Active Value funds
  • Median 0.55%

25 of the 66 US Active Value funds charge less.

DVAL costs $49.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

See others