The following performance information provides some indication of the risks of investing in the Fund by showing changes in the Fund’s performance over time. The following bar chart shows the Fund’s annual returns. The table illustrates how the Fund’s average annual returns for the 1-year and since inception periods compare with those of the Russell 3000® Index, an index that reflects a broad measure of the U.S. equity market’s performance. In addition, performance is shown for the Russell 2500® Value Index , another securities market index the Advisor believes provides a more applicable comparison to the Fund’s investments. The Fund’s past performance, before and after taxes, does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.brandes.com/etfs.
The Fund’s year-to-date return as of September 30, 2026 was 9.72%.
During the period of time shown in the bar chart, the highest return for a calendar quarter was 9.53% (quarter ended September 30, 2024) and the lowest return for a calendar quarter was -3.55% (quarter ended June 30, 2024).
| 1 Year | Since
Inception (October 4, 2023) | |
| Return Before Taxes | 15.65% | 16.92% |
| Return After Taxes on Distributions | 15.05% | 16.40% |
| Return After Taxes on Distributions and Sale of Fund Shares | 9.24% | 12.92% |
| Russell 2500® Value Index (reflects no deduction for fees, expenses or taxes) | 12.73% | 18.81% |
| Russell 3000® Index (reflects no deduction for fees, expenses or taxes) | 17.15% | 25.08% |
After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the period covered by the table above and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred or other tax-advantaged arrangements such as an individual retirement account (“IRA”). In certain cases, the figures representing “Return After Taxes on Distributions and Sale of Fund Shares” may be higher than the other figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.
The following performance information provides some indication of the risks of investing in the Fund by showing changes in the Fund’s performance over time. The following bar chart shows the Fund’s annual returns. The table illustrates how the Fund’s average annual returns for the 1-year and since inception periods compare with those of the Russell 1000® Index, an index that reflects a broad measure of the U.S. equity market’s performance. In addition, performance is shown for the Russell 1000® Value Index, another securities market index the Advisor believes provides a more applicable comparison to the Fund’s investments. The Fund’s past performance, before and after taxes, does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.brandes.com/etfs.
The Fund’s year-to-date return as of September 30, 2026 was 8.81%.
During the period of time shown in the bar chart, the highest return for a calendar quarter was 12.05% (quarter ended March 31, 2024) and the lowest return for a calendar quarter was -3.17% (quarter ended June 30, 2024).
| 1 Year | Since Inception (October 4, 2023) | |
| Return Before Taxes | 17.36% | 20.12% |
| Return After Taxes on Distributions | 16.59% | 19.41% |
| Return After Taxes on Distributions and Sale of Fund Shares | 10.25% | 15.37% |
| Russell 1000® Index (reflects no deduction for fees, expenses or taxes) | 13.58% | 16.70% |
| Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes) | 15.89% | 23.72% |
After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the period covered by the table above and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred or other tax-advantaged arrangements such as an individual retirement account (“IRA”). In certain cases, the figures representing “Return After Taxes on Distributions and Sale of Fund Shares” may be higher than the other figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.
The following performance information provides some indication of the risks of investing in the Fund by showing changes in the Fund’s performance over time. The following bar chart shows the Fund’s annual returns. The table illustrates how the Fund’s average annual returns for the 1-year and since inception periods compare with those of the MSCI EAFE Index, an index that reflects a broad measure of the foreign equity market’s performance. In addition, performance is shown for the MSCI EAFE Value Index, another securities market index the Advisor believes provides a more applicable comparison to the Fund’s investments. The Fund’s past performance, before and after taxes, does not necessarily indicate how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.brandes.com/etfs.
The Fund’s year-to-date return as of September 30, 2026 was 9.32%.
During the period of time shown in the bar chart, the highest return for a calendar quarter was 12.58% (quarter ended September 30, 2024) and the lowest return for a calendar quarter was -8.48% (quarter ended December 31, 2024).
| 1 Year | Since
Inception (October 4, 2023) | |
| Return Before Taxes | 37.61% | 26.18% |
| Return After Taxes on Distributions | 36.28% | 25.02% |
| Return After Taxes on Distributions and Sale of Fund Shares | 22.21% | 19.98% |
| MSCI EAFE Index (reflects no deduction for fees, expenses or taxes) | 31.22% | 21.47% |
| MSCI EAFE Value Index (reflects no deduction for fees, expenses or taxes) | 42.25% | 25.92% |
After-tax returns are calculated using the historical highest individual federal marginal income tax rates during the period covered by the table above and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred or other tax-advantaged arrangements such as an individual retirement account (“IRA”). In certain cases, the figures representing “Return After Taxes on Distributions and Sale of Fund Shares” may be higher than the other figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.