ETF Evaluator: Acquirers Small and Micro Deep Value ETF (DEEP) Follow This ETF

Acquirers Small and Micro Deep Value ETF Overview

Acquirers Small and Micro Deep Value ETF (DEEP) is a passively managed U.S. Equity Small Value exchange-traded fund (ETF). Acquirers Funds launched the ETF in 2014.

The investment seeks to track the performance, before fees and expenses, of the Acquirers Deep Value Index (the "index"). Under normal circumstances, at least 80% of the net assets, plus borrowings for investment purposes, of the fund will be invested in small- and micro-cap equity securities that comprise the index. The index defines small- and micro-cap companies to be those comprising the smallest 75% of stocks listed in the United States by market capitalization.

About Acquirers Small and Micro Deep Value ETF (DEEP)

There are 4 members of the management team with an average tenure of 5.42 years: Andrew Serowik (2019), Gabriel Tan (2021), Todd Alberico (2021) and Brian Cooper (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Acquirers Deep Value TR USD index with a weighting of 100%. Acquirers Small and Micro Deep Value ETF has 104 securities in its portfolio. The top 10 holdings constitute 11.6% 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.

Acquirers Small and Micro Deep Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Acquirers Small and Micro Deep Value ETF has 10.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.4% There is 10.6% 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). Acquirers Small and Micro Deep Value ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $27 million in total assets, which is below the $2 billion average for the Small 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.

DEEP 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 Acquirers Small and Micro Deep Value ETF expense ratio is high compared to funds in the Small Value category. Acquirers Small and Micro Deep Value ETF has an expense ratio of 0.80%, which is 69% 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. Acquirers Small and Micro Deep Value ETF has a portfolio turnover rate of 140%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 61% for the Small Value category.

Recently, in the month of June 2026, Acquirers Small and Micro Deep Value ETF returned 5.5%, which earned it a grade of B, as the Small Value category had an average return of 4.6%. 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.

Acquirers Small and Micro Deep Value ETF has a trailing yield of 1.91%, which is above the 1.78% category average. The fund normally distributes its income quarterly.

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.

Acquirers Small and Micro Deep Value ETF Grades

Year to date, the ETF has returned 19.6%, 1.5 percentage points better than the category, which translates into a grade of C. The fund has returned 31.8% over the past year (grade of B), 10.9% over the past three years (grade of F) and 5.9% per year over the past five years (grade of F) and 8.8% per year over the past 10 years (grade of F).

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