DVAL: BRANDYWINEGLOBAL-DYNAMIC US LARGE CAP VALUE ETF
What this ETF is trying to do
The BRANDYWINEGLOBAL-DYNAMIC US LARGE CAP VALUE ETF (DVAL) is an exchange-traded fund designed to invest in large U.S. companies that fall into the "value" category. This means it focuses on established companies that may be priced lower relative to their actual worth. The fund holds a total of 99 different holdings.
What the numbers show
When looking at DVAL, it is important to understand the difference between price return and total return. Price return only tracks how much the share price itself has changed. Total return includes both the price changes and the cash distributions paid out to investors.
Based on the data provided:
• Year-to-Date (YTD): The price return is approximately 7.35%, while the total return is approximately 11.04%.
• One-Year: The price return is approximately 7.89%, while the total return is approximately 13.82%.
• Three-Year: The price return is approximately 33.48%, while the total return is approximately 46.51%.
An estimated price from roughly one year ago was $14.32, compared to the current price of $15.45.
Income and distribution explanation
DVAL provides cash distributions to investors, which is a form of income. The distribution yield is approximately 5.24%. This number describes the cash paid out relative to the current ETF price.
The fund has an income rating grade of "A" with a score of 83. However, the distribution frequency is described as "irregular" or "less frequent," with only 2 payouts recorded in the last 12 months. It is important to remember that a high distribution yield does not guarantee that an investor will earn that same percentage as their total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is listed as "good," and there is no severe erosion-risk flag.
Top Holdings
The following are the top holdings in the portfolio (note that this is a partial list):
• Cisco Systems Inc (4.01%)
• Bank of America Corp (3.96%)
• Wells Fargo & Co (3.79%)
• GE Aerospace (3.49%)
• United Parcel Service Inc Class B (3.46%)
• Apple Inc (3.06%)
• The Cigna Group (3.03%)
• Amazon.com Inc (2.99%)
• Verizon Communications Inc (2.92%)
• Bristol-Myers Squibb Co (2.65%)
Holdings can change over time. This data was last updated on October 12, 2026.
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• It has a high income rating grade of "A."
Cons
• The distribution frequency is irregular, meaning payments do not happen on a steady schedule.
Beginner takeaway
DVAL focuses on large U.S. value companies and provides a distribution yield of approximately 5.24%. While the price has been increasing, investors should distinguish between the share-price growth and the total return, which also includes cash payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | CISCO SYSTEMS INC | CSCO | 4.01% |
| 2 | BANK OF AMERICA CORP | BAC | 3.96% |
| 3 | WELLS FARGO & CO | WFC | 3.79% |
| 4 | GE AEROSPACE | GE | 3.49% |
| 5 | UNITED PARCEL SERVICE INC CLASS B | UPS | 3.46% |
| 6 | APPLE INC | AAPL | 3.06% |
| 7 | THE CIGNA GROUP | CI | 3.03% |
| 8 | AMAZON.COM INC | AMZN | 2.99% |
| 9 | VERIZON COMMUNICATIONS INC | VZ | 2.92% |
| 10 | BRISTOL-MYERS SQUIBB CO | BMY | 2.65% |