INVX - BSMC: New Small Value ETF Lagging Its Peers

2025-01-23 16:07:16 ET

Summary

• Brandes U.S. Small-Mid Cap Value ETF is an actively managed fund combining size and value, two of the three original factors of the Fama-French model.
• The BSMC ETF has a portfolio of 68 stocks, well-balanced across holdings and sectors, with a focus on healthcare and industrials.
• The track record of BSMC is too short to assess the strategy, but it is a bit disappointing.
• For now, VBR and AVUV are more compelling competitors.

BSMC strategy

Brandes U.S. Small-Mid Cap Value ETF ( BSMC ) is an actively managed fund launched on 10/3/2023. BSMC has a portfolio of 68 stocks, a dividend yield of 0.99% and a total expense ratio of 0.70%. As described in the prospectus by Brandes Investment Partners , eligible companies are small and mid-cap companies with a market capitalization in the range of the Russell 2500 Index and may be located in or outside the U.S., including emerging countries. The fund may invest up to 5% of its assets in a company....

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