ETF Evaluator:
Brandes U.S. Value ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
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Risk
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ETF Details
Brandes U.S. Value ETF Overview
Brandes U.S. Value ETF (BUSA) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Brandes launched the ETF in 2023.
The investment seeks long term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.
About Brandes U.S. Value ETF (BUSA)
There are 4 members of the management team with an average tenure of 2.83 years: Kenneth Little (2023), Ted Kim (2023), Brent Fredberg (2023) and Brian Matthews (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Brandes U.S. Value ETF has 65 securities in its portfolio. The top 10 holdings constitute 23.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Brandes U.S. Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Brandes U.S. Value ETF has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.3% There is 4.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Brandes U.S. Value ETF has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $311 million in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BUSA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Brandes U.S. Value ETF expense ratio is above average compared to funds in the Large Value category. Brandes U.S. Value ETF has an expense ratio of 0.60%, which is 61% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Brandes U.S. Value ETF has a portfolio turnover rate of 7%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Brandes U.S. Value ETF returned 3.4%, which earned it a grade of B, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Brandes U.S. Value ETF has a trailing yield of 1.42%, which is below the 1.70% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Brandes U.S. Value ETF Grades
Year to date, the ETF has returned 12.7%, 1.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 25.4% over the past year (grade of B).
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BUSA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BUSA Return (NAV) | 3.4% | 5.2% | 25.4% | na | na | na |
| BUSA Return (Price) | 3.6% | 5.3% | 25.7% | na | na | na |
| NAV +/- Price Return | -0.185% | -0.130% | -0.298% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| BUSA Grade (NAV) | B | D | B | na | na | na |
| +/- Category (NAV) | 1.1% | -0.7% | 1.3% | na | na | na |
| BUSA Tax-Cost Ratio | na | na | 0.6% | na | na | na |
BUSA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BUSA Return (NAV) | 12.7% | 17.4% | 15.6% | na | na | na | na | na | na | na | na |
| BUSA Return (Price) | 12.7% | 17.6% | 15.4% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | 0.011% | -0.015% | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| BUSA Grade (NAV) | D | B | C | na | na | na | na | na | na | na | na |
| +/- Category | -1.7% | 2.5% | 0.1% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 311 Mil |
| Share Class Assets: | $ 311 Mil |
| Turnover: | 7.0% |
| Expense Ratio: | 0.60% |
| Index Fund: | No |
| Index Tracked: | Russell 1000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 2.8 years | |||
| Average Tenure: 2.8 years | |||
| Managers (Year): Little Kenneth (2023), Kim Ted (2023), Fredberg Brent (2023), Matthews Brian (2023) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 65 |
| % in Top 10 Holdings: | 23.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 93.3% |
| Foreign Stock: | 4.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Brandes |
| Phone Number: | 866-307-0477 |
| Website: | |
| Inception Date: | October 3, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.60% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.37% |
