Brandes Global Value Fund

Long-term capital appreciation by investing primarily in global equity securities of issuers listed or traded on Recognised Exchanges whose equity market capitalisations exceed US$5 billion at the time of purchase.
  • APIR ETL9108AU
  • ISIN AU60ETL91088
  • Inception Date 31 July 2025
  • Dividend Frequency Annual
  • Number of Holdings 70
  • Total Net Assets Value $13.0 million (As of 31 Aug 2026)
  • Share Price (AUD) 1.06 (As of 16 Sep 2026)

Overview

Why Brandes Global Value Fund?

  • Value: The strategy employs our disciplined, bottom-up investing approach to seek companies worldwide trading below our estimates of intrinsic value.
  • Experience:  Brandes has been navigating various global market conditions for over 50 years.
  • Flexibility: The strategy is a large-capitalization mandate with the ability and willingness to be different than the benchmark. 

Fund Information

Fund Information Values
Responsible Entity Equity Trustees Limited
Dealing Daily
Minimum Investment AUD 25,000 or NZD 25,000
Base Currency AUD
Dividend Policy Distributing
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Performance

Share Class Performance (%)

Data displayed as of 31 Aug 2026

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Source: Brandes Investment Partners and MSCI.
Performance data quoted, calculated in AUD, represents past performance; past performance does not guarantee
future results. Periods of greater than one year have been annualized. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. It is not possible to invest directly in an index. 

Fees/Expenses

Fees/Expenses AUD Class
Management Expense Ratio 0.80%
Buy/Sell Spread ±0.25%
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Rating

Lonsec Rating Recommended
The rating published on 08/2025 for the Brandes Global Value Fund is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2025 Lonsec. All rights reserved.

Fund

Data displayed as of 31 Aug 2026

Characteristics

Characteristic Brandes Global Value Fund MSCI ACWI Index
Price/Book (x)
Price per share divided by book value per share.
2.0 3.8
Price/Earnings (x)
Price per share divided by earnings per share.
14.0 21.8
Price/Cash Flow (x)
Price per share divided by cash flow per share.
9.1 16.0
Dividend Yield % 2.7 1.6
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
92.1 --
Number of Holdings 70 --
Weighted Average Mkt. Cap ($bil) 299.0 1386.1
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Top 10 Holdings (%)

Company % Country Industry
SAP SE 3.3 Germany Software
Becton Dickinson & Co 2.7 United States Health Care Equipment & Supplies
Shell PLC 2.5 United Kingdom Oil, Gas & Consumable Fuels
Taiwan Semiconductor Manufacturing Co Ltd 2.5 Taiwan Semiconductors & Semiconductor Equipment
Wiwynn Corp 2.4 Taiwan Technology Hardware, Storage & Peripherals
GSK PLC 2.2 United Kingdom Pharmaceuticals
Erste Group Bank AG 2.2 Austria Banks
Sanofi SA 2.1 France Pharmaceuticals
Equifax Inc 2.1 United States Professional Services
Arthur J Gallagher & Co 2.1 United States Insurance
% of Fund 24.1    
Fund holdings are subject to change at any time at the discretion of the investment manager.
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Top 10 Country Allocation (%)

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Sector Allocation (%)

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Regional Allocation (%)

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Market Weightings (%)

Market Classification Brandes Global Value Fund MSCI ACWI Index
Developed Markets 80.7 88.1
Emerging Markets 17.7 11.9
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Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product. The Product Disclosure Statement and the Fund’s Target Market Determination is available here https://www.eqt.com.au/insto. A Target Market Determination is a document which describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed. 
Because the values of the Fund’s investments will fluctuate with market conditions, so will the value of your investment in the Fund. You could lose money on your investment in the Fund, or the Fund could underperform other investments. The values of the Fund’s investments fluctuate in response to the activities of individual companies and general stock market and economic conditions. In addition, the performance of foreign securities depends on the political and economic environments and other overall economic conditions in the countries where the Fund invests. Emerging country markets involve greater risk and volatility than more developed markets. Some emerging markets countries may have fixed or managed currencies that are not free-floating against the Australia dollar. Certain of these currencies have experienced, and may experience in the future, substantial fluctuations or a steady devaluation relative to the Australia dollar.
The MSCI ACWI Index with net dividends captures large and mid cap representation of developed markets.
MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.