Brandes U.S. Small-Mid Cap Value ETF (BSMC)

The Fund seeks long-term capital appreciation by investing predominantly in U.S. equity securities of small- and mid-capitalization companies that the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.
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  • Ticker Symbol BSMC
  • Cusip 900934100
  • Nav Symbol BSMC.NV
  • Inception Date October 3, 2023
  • Primary Exchange CBOE
  • Expense Ratio 0.70%
  • Dividend Frequency Quarterly

Overview

Why Brandes U.S. Small-Mid Cap Value ETF?

  • Active Value: The fund employs our disciplined, bottom-up investing approach to seek U.S. small-/mid-cap companies trading below our estimates of intrinsic value.
  • Experience: Having managed the U.S. Small-Mid Cap Value Equity Strategy for over 20 years, Brandes is familiar with the intricacies of the vast U.S. small-/mid-cap equity space.
  • Flexibility: The fund has the ability and willingness to be different than the benchmark.

Small-Mid Cap Investment Committee

  • Chris Duncan Photo

    Chris Duncan, CFA

    • Director, Investments Group
    Years with Brandes: 17 Years of Industry Experience: 23

    Chris Duncan is a Director, Investments Group, a Senior Analyst on the Basic Materials Research Team and a member of the Small-Mid Cap Investment Committee. He is a limited partner of the firm’s parent company. Before joining the firm, Mr. Duncan was as an M&A Analyst with NCR Corporation. He earned his BS in finance from the University of Dayton and his MBA (with honors) from the University of Chicago Booth School of Business. Mr. Duncan’s relevant experience began in 2001 and he joined Brandes Investment Partners in 2006.

  • Michael Hutchens Photo

    Michael Hutchens, CFA

    • Director, Investments Group
    Years with Brandes: 22 Years of Industry Experience: 30

    Michael Hutchens is a Director, Investments Group and a Senior Analyst on the Financial Institutions Research Team. He is a member of the Small-Mid Cap Investment Committee and the All-Cap Investment Committee. Mr. Hutchens is a limited partner of the firm’s parent company. Before joining Brandes, he was a Bank examiner with the Federal Reserve System. Mr. Hutchens earned his MBA with a concentration in finance from Columbia Business School and his BS in business with a concentration in finance from Indiana University. His experience began in 1994 and he joined Brandes Investment Partners in 2001.

  • Greg Rippel Photo

    Greg Rippel, CFA

    • Director, Investments Group
    Years with Brandes: 22 Years of Industry Experience: 29

    Greg Rippel is a Director, Investments Group, an Analyst on the Consumer Products Research Team and a member of the Small-Mid Cap Investment Committee. Previously, he was a member of the Emerging Markets Investment Committee. Before joining the firm, Mr. Rippel was an Underwriter with Greyrock Capital (a subsidiary of Bank of America) and a Senior Associate with Coopers & Lybrand. He holds an MBA from the McCombs School of Business at the University of Texas at Austin, a BA in business economics from the University of California, Santa Barbara and is a Certified Public Accountant (inactive). His relevant experience began in 1995 and he joined Brandes Investment Partners in 2001.

Performance

Average Annual Total Returns (%)

Data displayed as of Mar 31, 2024

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The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (866) 307-0477.
ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is an actively managed ETF, which is a fund that trades like other publicly-traded securities. 

Resources

Fund Report

Brandes Exchange Trades Funds Semi-Annual Report

Fact Sheet

Brandes U.S. Small-Mid Cap Value ETF Fact Sheet

Quarterly Commentary

Brandes U.S. Small-Mid Cap Value ETF Quarterly Commentary

Prospectus

Brandes ETFs Prospectus
Brandes ETFs Statement of Additional Information
Brandes U.S. Small-Mid Cap Value ETF Summary Prospectus
The Russell 2500 Value Index with gross dividends measures the performance of the small to mid cap segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book to price ratios, historical sales growth, and expected earnings growth.
The Russell 2500 with gross dividends measures the performance of the small to mid cap segment of the U.S. equity universe. The benchmark returns are not covered by the report of independent verifiers.
  • Investors should consider the investment objectives, risks, charges, and expenses carefully before investing.  For a prospectus with this and other information about the fund, please click here or call (866) 307-0477.  Please read the prospectus carefully before investing.
  • Distributed by Foreside Fund Services, LLC.
  • Investing involves risk, including potential loss of principal.  An investment in the Fund may be subject to risks associated with investing in equity securities, including foreign and value securities risks, issuer risk, and focused investing risk. The Fund may, from time to time, invest a substantial portion of the total value of its assets in securities of issuers located in a particular industry, sector, country or geographic region. During such periods, the Fund may be more susceptible to risks associated with that industry, sector, country, or region. The Fund is an exchange-traded fund and, as a result of this structure, it is exposed to additional trading and transactional risks, limited participant risk, and risks associated with buying and selling shares. The Fund is a recently organized investment company with limited operating history. Please see the prospectus for a discussion of risks.
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