Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Cambria Global Value ETF
$36.15+0.02 (+0.06%)
- 0.68%
- $575M
- +24.0%
- 2.60%
- 152K sh
- low $29.69high $39.87
The ETF.net GVAL Grade
B
Score 56 out of 100
- 6 of 15
Score 56 of 100 falls in the B 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.C50 out of 100Rank 8 of 15Mission
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.C50 out of 100Rank 8 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B59 out of 100Rank 6 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A73 out of 100Rank 4 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 1 of 15
Our read on GVAL
In short
BA deep-value passport: GVAL ranks world markets by cyclically adjusted P/E, equal-weights the cheapest ones, then buys the cheapest stocks inside them. Running since 2014 at 0.68%, near the typical global value fee.
Stated mandate
The fund seeks income and capital appreciation. It actively invests at least 80% of assets in equities of companies in developed and emerging markets with strong value characteristics, selected through Cambria’s quantitative algorithm.
Why people hold it
Worth knowing
GVAL Holdings
- Stocks
- 112
- 15%
- Moneta Money Bank AS
Sectors
- Financials29.3%
- Materials12.8%
- Energy11.0%
- Utilities10.5%
- Technology9.4%
- Real Estate8.3%
- Industrials7.2%
- Communication4.8%
- Consumer Discretionary3.7%
- Consumer Staples3.0%
Geography
- United Kingdom12.58%
- Poland9.89%
- Thailand9.54%
- Colombia9.20%
- Chile9.17%
- Austria9.08%
- Turkey8.44%
- Singapore8.01%
- 24.10%
Developed 32% · Emerging 68%
GVAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
GVAL$12,399
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.
| Period | GVAL |
|---|---|
| Year to date | +17.0% |
| 1 month | −4.5% |
| 3 months | −2.7% |
| 1 year | +24.0% |
| 3 years | +28.1% |
| 5 years | +13.4% |
| 10 years | +10.0% |
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 | GVAL |
|---|---|---|
| 2026 YTD | +17.0% | |
| 2025 | +55.9% | |
| 2024 | +2.6% | |
| 2023 | +13.4% | |
| 2022 | −7.9% | |
| 2021 | +10.7% | |
| 2020 | −8.5% |
GVAL in the news
GVAL Dividends
- 2.60%
- $0.94
- $0.26 per share
- Quarterly
GVAL Risk
- 12.8%
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.
- 1.67
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.
- −30.8%
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.
- 0.80
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.
GVAL Cost
Overpaying vs AVGV, cheapest in Global Active Value
$7,894
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
GVAL 0.68%
$13,252
AVGV 0.26% Cheapest
$5,358
Cost over time
Year by year
| Year | GVAL | AVGV | Overpaying |
|---|---|---|---|
| 10 | $1,215 | $473 | $742 |
| 20 | $4,633 | $1,838 | $2,795 |
| 30 | $13,252 | $5,358 | $7,894 |
Other funds in Global Active Value
- BGKATScharf Global Opportunity ETFExpense ratio 0.59%1 year return +14.9%
- BCOPYTweedy, Browne Insider + Value ETFExpense ratio 0.80%1 year return +29.5%
- CDWLDDavis Select Worldwide ETFExpense ratio 0.62%1 year return −0.7%
- COAKGOakmark Global Large Cap ETFExpense ratio 0.62%1 year return
- DHWOHotchkis & Wiley Opportunities FundExpense ratio 0.90%1 year return
