Brent Fredberg is a Director, Investments Group, a Senior Analyst and leader of the Technology Research Team. Mr. Fredberg sits on the Consumer Products Research Team, with a primary focus on household durables companies. He is a member of the Global Large-Cap Investment Committee and the Investment Oversight Committee. Mr Fredberg is a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Fredberg was a Financial Analyst and Controller with Raytheon/Amana Appliances. He earned his MBA with distinction from Northwestern University’s Kellogg Graduate School of Management and his BS in finance with distinction from the University of Iowa. Mr. Fredberg is a CMA (inactive). His experience began in 1994 and he joined Brandes Investment Partners in 1999.
Ted Kim is the Director of Research, leading the firm’s overall research efforts. He is also a Senior Analyst and leader of the Industrials Research Team, specializing in the automotive and capital goods industries. Mr. Kim is a member of the Global Large-Cap Investment Committee and a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Kim was a Product and Manufacturing Engineer at a major U.S. automobile company. He earned his MBA from the Kellogg Graduate School of Management at Northwestern University. Mr. Kim has an MS in system design and management and a BS in mechanical engineering, both from the Massachusetts Institute of Technology. His relevant experience began in 2000 when he joined Brandes Investment Partners.
Ken Little oversees the firm’s research efforts and product investment committees. He is a member of the All-Cap Investment Committee and the Global Large-Cap Investment Committee. Additionally he is a member of the firm’s Executive Management Group, which oversees the firm’s day-to-day operations and long-term strategic direction, and a member of the ESG Steering Committee, which is responsible for guiding the firm’s long-term ESG strategy and initiatives. He is a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Little was a Senior Accountant with KPMG. He holds a BS in accounting from the University of La Verne and an MBA from the Fuqua School of Business at Duke University. Mr. Little is a Certified Public Accountant (inactive). His investment experience began in 1996 when he joined Brandes Investment Partners.
Brian Matthews is a Director, Investments Group and a Senior Analyst on the Telecommunications Research Team. He is a member of the Global Large-Cap Investment Committee and a limited partner of the firm’s parent company. Mr. Matthews was previously a member of the Small-Cap Investment Committee. Before joining the firm, he worked as an Investment Banking Analyst with Merrill Lynch.
Mr. Matthews earned his BS with concentrations in finance and management (summa cum laude) from the Wharton School of the University of Pennsylvania. His relevant experience began in 2000 and he joined Brandes Investment Partners in 2002.
| Expenses | Class I |
|---|---|
| Total Annual Fund Operating Expenses †
Expenses that you pay each year as a percentage of the value of your investment.
|
1.24% |
| Less: Fee Waiver and/or Expense Reimbursement | -0.24% |
| Net Expense Ratio | 1.00% |
Data displayed as of Sep 30, 2024
| Characteristic | Brandes Global Equity Fund | MSCI World Index |
|---|---|---|
|
Price/Book (x)
Price per share divided by book value per share.
|
1.5 | 3.5 |
|
Price/Earnings (x)
Price per share divided by earnings per share.
|
14.3 | 22.7 |
|
Price/Cash Flow (x)
Price per share divided by cash flow per share.
|
8.0 | 15.7 |
|
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.
|
2.9 | 1.8 |
|
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.
|
1.61 | -- |
|
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.
|
1.45 | -- |
|
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
|
93.6 | -- |
| Number of Holdings | 67 | -- |
|
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.
|
120.5 | 671.3 |
|
Portfolio Turnover (TTM) %
(Trailing Twelve Months)
|
19.9 | -- |
| Company | % | Country | Industry |
|---|---|---|---|
| Sanofi SA | 2.8 | France | Pharmaceuticals |
| Embraer SA | 2.8 | Brazil | Aerospace & Defense |
| Erste Group Bank AG | 2.8 | Austria | Banks |
| GSK PLC | 2.5 | United Kingdom | Pharmaceuticals |
| Rolls-Royce Holdings PLC | 2.4 | United Kingdom | Aerospace & Defense |
| UBS Group AG | 2.3 | Switzerland | Capital Markets |
| Heidelberg Materials AG | 2.2 | Germany | Construction Materials |
| Bank of America Corp | 2.1 | United States | Banks |
| Shell PLC | 2.1 | United Kingdom | Oil, Gas & Consumable Fuels |
| Alibaba Group Holding Ltd | 2.1 | China | Broadline Retail |
| % of Fund | 24.1 | ||
| Portfolio holdings are subject to change at any time at the discretion of the investment manager. | |||
| Market Classification | Brandes Global Equity Fund | MSCI World Index |
|---|---|---|
| Developed Markets | 82.2 | 100.0 |
| Emerging Markets | 16.1 | - |
| 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 |
|---|---|---|---|---|
|
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 11, 2024 | Dec 11, 2024 | Dec 11, 2024 | $2.065008 |
|
Short-Term Capital Gain
Profit or loss from the sale of a capital asset that was held for one year or less.
|
Dec 11, 2024 | Dec 11, 2024 | Dec 11, 2024 | $0.016998 |
|
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 | $0.118011 |
| Annual Fund Operating Expenses | Class I |
|---|---|
| Net Expense Ratio | 1.00% |
| Annual Management | 0.80% |
| Other Expenses | 0.44% |
| Service 12b-1 | None |
| Shareholder Servicing | None |
| Expenses that you pay each year as a percentage of the value of your investment. | |
† The Advisor has contractually agreed to limit the Global Equity Fund’s Class A, Class C, Class I and Class R6 annual operating expenses (exclusive of acquired fund feeds and expenses, taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization or extraordinary expenses such as litigation), including repayment of previous waivers, to 1.25% for Class A, 2.00% for Class C, 1.00% for Class I and 0.82% for Class R6, as percentages of the respective Fund classes’ average daily net assets through July 15, 2026 (the “Expense Caps”). The Expense Caps may be terminated at any time by the Board of Trustees upon 60 days’ written notice to the Advisor. The Advisor is permitted, with Board approval, to be reimbursed for fee reductions and/or expense payments made in the prior 36 months following the waiver or reimbursement with respect to any Class of the Fund. The Advisor may request reimbursement if the aggregate amount paid by the Fund toward operating expenses for the Class for such period (taking into account any reimbursement) does not exceed the lesser of the Expense Cap in effect at the time of waiver or at the time of reimbursement.
Other Expenses for Class I shares includes 0.05% of class-specific sub-transfer agency fees. Other Expenses for Class R6 shares are estimated based on current expenses of Class A shares.