The BrandywineGLOBAL - Dynamic US Large Cap Value ETF (DVAL) is an exchange-traded fund that seeks long-term capital appreciation by investing in large-cap U.S. companies that the portfolio managers believe are trading below their intrinsic value. 

The ETF is managed by BrandywineGLOBAL Investment Management, a Franklin Templeton affiliate, and trades under the ticker DVAL on the Nasdaq.

Classified as an actively managed equity ETF, the fund primarily invests in large-cap U.S. companies with attractive valuations, strong business fundamentals, and favorable long-term growth prospects. Its strategy combines fundamental research with a value investing approach to identify opportunities across the U.S. equity market.

Unlike index-tracking ETFs, DVAL does not seek to replicate the performance of a specific benchmark. Instead, portfolio holdings are selected actively based on factors such as valuation, business quality, cash flow generation, growth potential, and macroeconomic conditions.

Diversification and sector exposure

DVAL provides exposure primarily associated with:

• Large-cap companies.

• Value stocks.

• Information technology.

• Financials.

• Healthcare.

• Industrials.

• Consumer discretionary.

• Energy.

The portfolio includes companies from a variety of sectors that the investment team believes are undervalued relative to their financial fundamentals and long-term earnings potential.

The ETF's performance generally reflects both the results of its underlying holdings and the portfolio managers' ability to identify attractively valued investment opportunities through active management.

Structure and costs

DVAL shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The BrandywineGLOBAL - Dynamic US Large Cap Value ETF was launched in 2024 to provide investors with an actively managed strategy focused on large-cap U.S. companies considered attractively valued relative to their underlying fundamentals.

Since inception, the fund has relied on in-depth fundamental research to identify businesses with long-term appreciation potential while maintaining a disciplined value-oriented investment process.

In recent years, changes in interest rates, economic cycles, and valuation trends across the U.S. equity market have continued to shape the investment environment for value-focused strategies.

Additional Information

BrandywineGLOBAL - Dynamic US Large Cap Value ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $71.70 million.

Over the past 12 months, BrandywineGLOBAL - Dynamic US Large Cap Value ETF recorded a return of 19.38%, with its price trading between $14.05 and $16.59 during the same period.

The ETF is traded under the ticker DVAL.