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DVAL

GradeCNASDAQ Global Market

BrandywineGLOBAL-Dynamic US Large Cap Value ETF

Active Equity · Franklin Templeton · Inception 2006-12-27 · SEC filings

$15.93−0.06 (−0.39%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Oct 31, 2022.
Intraday session: down, 53 prints from 15.99 to 15.93. Range 15.91 to 16.01. Use the arrow keys to read each point.$15.96$16.0010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$69M
1Y return
+12.9%
Yield · Last 12 months
1.80%
Holdings
100
Volume · 30D
0M sh
NAV per share
$16.11
52W range
low $14.05high $16.83

The ETF.net DVAL Grade

C

51/ 100

Rank 32 of 66 in US Active Value⁠

Confidence Medium

Six-pillar profile for DVAL. Scores out of 100: Cost 58, Risk 52, Mission 69, Tradability 32, Holdings 59, Durability 60. Strongest: Mission (69). Weakest: Tradability (32). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 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.
    BScore 58
    Category rank28/66 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 69
    Category rank20/27 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank36/62 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 32
    Category rank47/66 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank31/66 · top 47%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank27/66 · top 41%

Graded as of Sep 22, 2026

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 Sep 22, 2026, 9:37 PM
Asset class
Stocks
Holdings
100
Top-10 weight
34%
Largest holding
CSCO4.2%

Sectors

  • Financials29.9%
  • Technology13.4%
  • Industrials12.0%
  • Health Care11.9%
  • Consumer Discr.10.1%
  • Communication8.7%
  • Energy6.1%
  • Cons. Staples4.3%
  • Materials2.9%
  • Utilities0.7%

Geography

  • United States96.60%
  • Bermuda2.23%
  • Brazil0.62%
  • Ireland0.54%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CSCOCISCO SYSTEMS INC4.16%25,591$3M567
002BACBANK OF AMERICA CORP4.05%47,878$3M440
003WFCWELLS FARGO & CO3.91%30,974$3M380
004GEGENERAL ELECTRIC3.46%7,422$2M404
005UPSUNITED PARCEL SERVICE-CL3.40%24,558$2M351
006AAPLAPPLE INC3.03%6,121$2M707
007CITHE CIGNA GROUP3.02%7,532$2M360
008AMZNAMAZON.COM INC3.01%7,978$2M720
009VZVERIZON COMMUNICATIONS IN2.98%42,788$2M441
010BMYBRISTOL-MYERS SQUIBB CO2.64%28,901$2M460
011CMCSACOMCAST CORP-CLASS A2.58%77,242$2M415
012ANTMELEVANCE HEALTH INC2.48%4,155$2M201
013TAT&T INC2.46%66,166$2M415
014MSFTMICROSOFT CORP2.25%3,076$2M792
015NEMNEWMONT CORP2.04%11,378$1M428

Showing 1–15 of 100 holdings

DVAL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DVAL$11,293
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DVAL $11,293. SPY $11,723. Use the arrow keys to read each point.$9,348$10,678$12,008Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for DVAL. Periods over one year show the average yearly return.
PeriodDVAL
Year to date+11.1%
1 month−3.8%
3 months+2.6%
1 year+12.9%
3 years+13.3%per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per 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+11.1%
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 Sep 22, 2026.
1.80%Last 12 months
Payout per share
$0.29Last 12 months
Last payment
$0.29 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. 4 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. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
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.
11.7%
Annualised · 36 months to Aug 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.
0.77
vs 3-month T-bills · to Aug 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%
46 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%

26 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.