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Managed Fund Since 2007
Equity Active
DVAL BrandywineGLOBAL-Dynamic US Large Cap Value ETF
- Pure quant approach meets traditional fundamentals. Investment process driven by proprietary quantitative model and actively overseen by seasoned portfolio managers.
- Long-term growth potential. Seeks capital appreciation through investments in large-cap US stocks.
- Dynamic. Shifts portfolio based on valuation, quality and market sentiment factors depending on market valuations. The model adjusts to deeper value stocks when valuation dispersion is wide based upon the proprietary tool.
Popular Documents
Overview
Fund Facts
Fund description
The Fund seeks long-term capital appreciation by quantitatively investing in large-cap U.S. equities.
- Benchmark
- Russell 1000 Value Index
- Additional Benchmark
- S&P 500 Index
- Fund Inception Date
- 12/27/2006
- Listing Exchange
- NASDAQ - XNAS
Identifiers
- Ticker
- DVAL
- CUSIP Code
- 35473P462
- ISIN Code
- US35473P4625
- Bloomberg Code
- DVAL US
Average Annual Total Returns As of 09/30/2025
- 5.36%1 Year
- 14.50%3 Years
- 13.10%5 Years
- 10.77%10 Years
- 9.74%Since Inception
12/27/2006
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
Additional Fund Info
- Fiscal Year End
- March 31
- Listing Date
- 10/31/2022
- ETF Type
- Active
- Morningstar Category
- Large Value
Trading Characteristics
- Shares Outstanding
- 8,202,953
- Daily Volume
- 976
- 20-Day Average Volume
- 5940.60
Manager and Commentary
About the Team
BrandywineGLOBAL
Acting with conviction and discipline, Brandywine Global looks beyond short-term, conventional thinking to rigorously pursue long-term value across differentiated fixed income, equity and alternative solutions.
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Managed Fund Since 2007
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Managed Fund Since 2007
Latest Brandywine Global Insights
October 7, 2025
September 1, 2025
July 9, 2025
Performance
Average Annual Total Returns
As of 09/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.
Selected Month September 2025
BrandywineGLOBAL-Dynamic US Large Cap Value ETF - Market Price Return (%)
Month End
As of 09/30/2025
BrandywineGLOBAL-Dynamic US Large Cap Value ETF - NAV Return (%)
Month End
As of 09/30/2025
Russell 1000 Value Index (%)
Month End
As of 09/30/2025
S&P 500 Index (%)
Month End
As of 09/30/2025
Effective October 28, 2022, BrandywineGLOBAL - Dynamic US Large Cap Value Fund reorganized into this ETF. The Fund has an identical investment goal and substantially similar investment strategies as the predecessor mutual fund. The NAV returns include returns of the Class IS Shares of the predecessor mutual fund prior to the Fund's commencement of operations. Prior to the Fund's listing on 10/31/2022, the NAV performance for the IS shares of the predecessor mutual fund are used as a proxy for market price returns, which are typically calculated using the official closing price of the Fund. If the predecessor mutual fund had been structured as an exchange-traded fund, its performance may have differed.
Prior to close of business on October 28, 2022, the Fund operated as an open-end mutual fund. The predecessor mutual fund was the successor to an unregistered private fund (the “predecessor private fund” and, together with the predecessor mutual fund, the “predecessor funds”), are described in greater detail in the prospectus. Performance prior to October 31, 2014 is that of the predecessor private fund. The predecessor private fund inception date was December 27, 2006. The performance information for the predecessor private fund reflects the gross expenses of the predecessor private fund adjusted to reflect the higher fees and expenses of Class IS shares of the predecessor mutual fund. Had the predecessor funds been structured as an ETF, their performance may have differed. The Fund's (and the predecessor funds') past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Ratings 9
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of11/09/2025 (Updated Daily)
- Total Net Assets
- $117.15 Million
Positions
As of 09/30/2025 (Updated Monthly)
Number of Holdings
- Fund
- 110
- Benchmark
- 870
Portfolio Statistics
As of 09/30/2025 (Updated Monthly)
Median Market Cap (USD)
- Fund
- $115.82 Billion
- Benchmark
- $118.14 Billion
- Fund
- $181.67 Billion
- Benchmark
- $309.44 Billion
Sector Allocation
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 19.53% | 21.89% |
Industrials | 18.52% | 13.24% |
Consumer Discretionary | 14.37% | 7.67% |
Communication Services | 12.44% | 8.15% |
Consumer Staples | 10.64% | 7.29% |
Information Technology | 7.62% | 11.36% |
Energy | 7.24% | 5.84% |
Health Care | 5.05% | 11.92% |
Materials | 3.41% | 3.94% |
Utilities | — | 4.62% |
Real Estate | — | 4.08% |
Holdings
As of 11/07/2025 (Updated Daily)
INTL BUSINESS MACHINES CO
LOCKHEED MARTIN CORP
WELLS FARGO & CO
T-MOBILE US INC
JPMORGAN CHASE & CO
HONEYWELL INTERNATIONAL I
UNION PACIFIC CORP
COMCAST CORP-CLASS A
PAYPAL HOLDINGS INC
PROCTER & GAMBLE CO/THE
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Distributions are not guaranteed and are subject to change.
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
On 10/31/2022 this product converted from a mutual fund to an exchange traded fund. Distributions prior to 10/31/2022 were from the mutual fund and are included below.
Distributions Per Share
12/18/2023
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Premium/Discount Analysis 6
As of 09/30/2025 (Updated Quarterly)
On 10/31/2022 this product converted from a mutual fund to an exchange traded fund and was listed on the exchange. No premium and discount information is available prior to listing date.
Premium / Discount
- Total Days in Period
- 64
- Days at NAV
- 41
- Days at Premium
- 12
- Days at Discount
- 11
- Greatest Premium
- $0.14
- Greatest Discount
- $-0.07
| Premium/Discount Analysis | Breakdown |
|---|---|
| 0% to 0.5% | 12 days |
| -0.5% to 0% | 11 days |
Historical Premium/Discount 8
As of 11/07/2025 (Updated Daily)
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - BrandywineGLOBAL-Dynamic US Large Cap Value ETF |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - BrandywineGLOBAL-Dynamic US Large Cap Value ETF - Single Class | |||
| Annual Financial Statements and Other Information - BrandywineGLOBAL ETF Funds | |||
| Semi-Annual Report - BrandywineGLOBAL-Dynamic US Large Cap Value ETF - Single Class | |||
| Semi-Annual Financial Statements and Other Information - BrandywineGLOBAL Dynamic US Large Cap Value ETF | |||
| Prospectus - BrandywineGLOBAL Dynamic US Large Cap Value ETF Fund | |||
| Summary Prospectus - BrandywineGLOBAL Dynamic US Large Cap Value ETF Fund | |||
| Statement of Additional Information - BrandywineGLOBAL - Dynamic US Large Cap Value ETF Fund | |||
| Fiscal Q1 Holdings - Franklin Templeton ETF Trust Smart Beta Funds | |||
| Fiscal Q3 Holdings - Franklin Templeton ETF Trust Smart Beta Funds |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. These and other risks are discussed in the fund’s prospectus.
Important Information
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
Redemption payments will be effected within the specified number of calendar days following the date on which a request for redemption in proper form is made. For more information, please see the ETF’s statement of additional information (SAI) which can be found on the fund’s webpage.
The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe.
Source: FTSE.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.