The Fund seeks long-term capital appreciation by investing in equity securities of issuers in developing markets that the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.
Mauricio Abadia is the Deputy Director of Research, and Senior Analyst on the Basic Materials, Consumer Products, and Utilities Research Teams. He is a member of the Emerging Markets Investment Committee. He is a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Abadia was a Senior Consultant at Deloitte. He earned his MBA with honors from the Haas School of Business at the University of California, Berkeley and his BS in systems engineering with distinction from the University of Virginia. Mr. Abadia is fluent in Spanish. His relevant experience began in 2006 and he joined Brandes Investment Partners in 2010.
Christopher Garrett is a Director with the firm’s Investments Group and a member of the firm’s Emerging Markets Investment Committee as well as the ESG Team. Additionally, Mr. Garrett is a Non-Executive Director of Brandes Investment Partners (Asia) Pte. Ltd. (“Brandes Asia”), an affiliate company of Brandes Investment Partners, L.P., headquartered in Singapore. He was previously the Chief Executive Officer and Institutional Portfolio Manager for Brandes Asia. Mr. Garrett is a limited partner of the firm’s parent company.
Before joining the firm, he was a Portfolio Manager/Analyst with DuPont Capital Management and was a Corporate Loan Officer with City National Bank and Interstate Bank of California. Mr. Garrett earned his BS in finance from Arizona State University and his MBA from Columbia Business School. His investment experience began in 1990 and he joined Brandes Investment Partners in 2000.
Louis Lau is a Director, Investments Group, a Senior Analyst on the Financial Institutions Team and a member of the Emerging Markets Investment Committee. He is also a Product Coordinator for the Emerging Markets Portfolio. Mr. Lau is a limited partner of the firm’s parent company. Before joining Brandes, he was an Analyst in investment banking and equity capital markets at Goldman Sachs. He earned his BBA in finance (with merit) from the National University of Singapore and his MBA in finance and accounting (with honors) from the Wharton School of the University of Pennsylvania. Mr. Lau is fluent in Chinese. His relevant experience began in 1998 and he joined Brandes Investment Partners in 2004.
Gerardo Zamorano is a Director, Investments Group and has analyst and team-leader responsibilities on the Telecommunications Research Team. He is a member of the Emerging Markets Investment Committee and the All-Cap Investment Committee. Mr. Zamorano is a limited partner of the firm’s parent company. Before joining the firm, he was an Assistant Investment Officer in the Latin American Department of the International Finance Corporation (part of the World Bank Group).
Mr. Zamorano earned his BSE (magna cum laude) from the Wharton School of Business of the University of Pennsylvania and MBA from the Kellogg Graduate School of Management of Northwestern University. His investment experience began in 1995 and he joined Brandes Investment Partners in 1999. Mr. Zamorano is fluent in Spanish and Portuguese.
| Expenses | Class I |
|---|---|
| Total Annual Fund Operating Expenses †
Expenses that you pay each year as a percentage of the value of your investment.
|
1.13% |
| Less: Fee Waiver and/or Expense Reimbursement | -0.01% |
| Net Expense Ratio | 1.12% |
Data displayed as of Sep 30, 2024
| Characteristic | Brandes Emerging Markets Value Fund | MSCI Emerging Markets Index |
|---|---|---|
|
Price/Book (x)
Price per share divided by book value per share.
|
1.5 | 1.9 |
|
Price/Earnings (x)
Price per share divided by earnings per share.
|
12.3 | 16.3 |
|
Price/Cash Flow (x)
Price per share divided by cash flow per share.
|
6.0 | 11.0 |
|
Dividend Yield %
Calculated by annualizing the last quarterly dividend paid and dividing it by the current share price. The dividend yield is that of the securities held in the portfolio; it is not reflective of the yield distributed to shareholders.
|
3.7 | 2.5 |
|
SEC 30 Day Yield (subsidized) %
As of 11/30/2024 | SEC 30-Day Yield This calculation is based on a 30-day period ending on the last day of the month shown. It is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses. A subsidized yield takes into consideration the expenses paid by the advisor.
|
2.18 | -- |
|
SEC 30 Day Yield (unsubsidized) %
As of 11/30/2024 | SEC 30-Day Yield This calculation is based on a 30-day period ending on the last day of the month shown. It is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses. A subsidized yield takes into consideration the expenses paid by the advisor.
|
2.17 | -- |
|
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
|
81.2 | -- |
| Number of Holdings | 60 | -- |
|
Weighted Average Mkt. Cap ($bil)
The average market capitalization of a fund's equity portfolio gives investors a measure of the size of the companies in which the fund invests. Market capitalization is calculated by multiplying the number of a company's shares outstanding by its price per share.
|
122.3 | 150.1 |
|
Portfolio Turnover (TTM) %
(Trailing Twelve Months)
|
27.3 | -- |
| Company | % | Country | Industry |
|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 8.4 | Taiwan | Semiconductors & Semiconductor Equipment |
| Alibaba Group Holding Ltd | 4.9 | China | Broadline Retail |
| Samsung Electronics Co Ltd | 4.5 | South Korea | Technology Hardware, Storage & Peripherals |
| Embraer SA | 4.0 | Brazil | Aerospace & Defense |
| Erste Group Bank AG | 3.1 | Austria | Banks |
| HDFC Bank Ltd | 3.0 | India | Banks |
| Bank Rakyat Indonesia Persero Tbk PT | 2.6 | Indonesia | Banks |
| Contemporary Amperex Technology Co Ltd | 2.5 | China | Electrical Equipment |
| Petroleo Brasileiro SA | 2.3 | Brazil | Oil, Gas & Consumable Fuels |
| Wilmar International Ltd | 2.1 | Singapore | Food Products |
| % of Fund | 37.4 | ||
| Portfolio holdings are subject to change at any time at the discretion of the investment manager. | |||
| Market Classification | Brandes Emerging Markets Value Fund | MSCI Emerging Markets Index |
|---|---|---|
| Developed Markets | 10.7 | - |
| Emerging Markets | 86.4 | 100.0 |
| Type |
Record Date
Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.
|
Ex-Date
Date on which a fund begins trading without the benefit of the dividend. Typically, a fund's price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.
|
Payable Date
Date on which a declared fund dividend or a bond interest payment is scheduled to be paid.
|
Amount |
|---|---|---|---|---|
|
Income Dividend
Payout to shareholders of interest, dividends, or other income received by the Fund, net of operating expenses. By law, all such income must be distributed to shareholders, who may choose to take the money in cash or reinvest it in more shares of the Fund.
|
Sep 27, 2024 | Sep 30, 2024 | Sep 30, 2024 | $0.045892 |
|
Short-Term Capital Gain
Profit or loss from the sale of a capital asset that was held for one year or less.
|
Dec 4, 2014 | Dec 5, 2014 | Dec 5, 2014 | $0.125620 |
|
Long-Term Capital Gain
Gain on the sale of a security where the holding period was more than 12 months and the profit was subject to the long-term capital gains tax.
|
Dec 4, 2014 | Dec 5, 2014 | Dec 5, 2014 | $0.104690 |
| Annual Fund Operating Expenses | Class I |
|---|---|
| Net Expense Ratio | 1.12% |
| Annual Management | 0.95% |
| Other Expenses | 0.18% |
| Service 12b-1 | None |
| Shareholder Servicing | None |
| Expenses that you pay each year as a percentage of the value of your investment. | |