Towle Small-Cap Value ETF (TCV)

The Towle Small-Cap Value ETF (TCV) is an actively managed exchange-traded fund from Towle & Co., an investment firm known for its deep value investment style.

The fund invests mainly in U.S. small-capitalization companies that the managers believe trade at substantial discounts to their intrinsic value. The process relies on fundamental, bottom-up research and favors out-of-favor businesses with low valuations relative to their earnings, assets or cash flow, typically resulting in a concentrated portfolio that can differ markedly from small-cap benchmarks.

Its objective is long-term capital appreciation by identifying undervalued smaller companies before the market recognizes their worth.