Brandes U.S. Small-Mid Cap Value ETF

Brandes U.S. Small-Mid Cap Value ETF is an actively managed equity ETF that focuses on U.S. small- and mid-cap companies believed to be undervalued relative to their financial strength and growth potential. The fund seeks long-term capital appreciation by investing primarily in common and preferred stocks, and may also use American depositary receipts, warrants, and rights when appropriate. Its approach is rooted in value investing, with portfolio selection centered on businesses across a range of sectors rather than a single industry. Brandes U.S. Small-Mid Cap Value ETF provides targeted exposure to the lower and middle tiers of the U.S. equity market, where companies often have different growth and valuation characteristics than large-cap stocks. The fund is designed for investors seeking professionally managed access to a diversified basket of smaller U.S. businesses with a value-oriented profile.