Towle Small-Cap Value ETF
$32.87+0.32 (+0.98%)
- 0.85%
- $206M
- +33.8%
- 0M sh
- $32.51
- low $24.50high $34.24
The ETF.net TCV Grade
Score 27 out of 100
- 7 of 8
Score 27 of 100 falls in the D 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.F9 out of 100Rank 8 of 8Mission
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.D28 out of 100Rank 7 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F24 out of 100Rank 7 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 2 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 4 of 8
Our read on TCV
DTowle runs one thing: its own definition of value, chosen stock by stock instead of by screen. The fund's history goes back to 2011, and it is priced like the boutique active manager behind it, not like an index tracker.
The Fund seeks long-term capital appreciation. It is an actively managed ETF.
Why people hold it
- Genuinely active, not a rules-based value screen. Holdings come from Towle & Co.'s own definition of value in pursuit of long-term capital appreciation, so you get a house view rather than an index recipe.
- A 2011 inception gives this strategy a track record across several full market cycles, a longer history than most active equity ETFs can show.
- Plain wrapper, no engineering: a standard 1940 Act registered fund holding equities, with no structural flags in our review.
Worth knowing
- Cost is the trade-off for boutique stock picking: 0.85% a year, above the 0.65% median for active US equity ETFs and many times the 0.12% charged by core peers like DFAU.
- It trades thinly. Spreads tend to be wider than on mega-cap index funds, which makes limit orders and patient execution matter more.
- Distributions land once or twice a year, so this is built around capital appreciation rather than a regular income stream.
TCV Holdings
- Stocks
- 52
- 28%
- ARW
Geography
- United States95.20%
- Canada3.82%
- Netherlands0.98%
TCV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | TCV |
|---|---|
| Year to date | +25.8% |
| 1 month | −0.6% |
| 3 months | +0.5% |
| 1 year | +33.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | TCV |
|---|---|---|
| 2026 YTD | +25.8% | |
| 2025 | +4.0% |
TCV in the news
No ETF.net Research article names TCV yet.
TCV Dividends
- $0.009 per share
- Irregular
Distribution data unavailable.
Distribution history
TCV Risk
- 17.1%
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.
- 1.32
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.
- −12.3%
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.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TCV Cost
- The middle half of US Active Contrarian Value funds
- Median 0.54%
Every other US Active Contrarian Value fund charges less.
Other funds in US Active Contrarian Value
- BCSTKInvesco Actively Managed Exchange Traded Fund Trust - Invesco Comstock Contrarian Equity ETFExpense ratio 0.36%1 year return +24.6%
- BBKDVBNY Mellon Dynamic Value ETFExpense ratio 0.60%1 year return +26.6%
- CVSLUApplied Finance Valuation Large Cap ETFExpense ratio 0.49%1 year return +19.1%
- CVAMOCambria Value and Momentum ETFExpense ratio 0.65%1 year return +8.6%
- FSASSM.D. Sass Concentrated Value ETFExpense ratio 0.75%1 year return —