Brandes International ETF (BINV)

The Fund seeks long-term capital appreciation by investing in equity securities of non-U.S. issuers that the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.
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  • Ticker Symbol BINV
  • Cusip 900934209
  • Nav Symbol BINV.NV
  • Inception Date October 3, 2023
  • Primary Exchange CBOE
  • Expense Ratio 0.70%
  • Dividend Frequency Quarterly

Overview

Why Brandes International ETF?

  • Active Value: The fund employs our disciplined, bottom-up investing approach to seek non-U.S. companies trading below our estimates of intrinsic value.
  • Experience: Brandes has been navigating global markets for over 40 years and managing a dedicated international equity strategy for over 30 years.
  • Flexibility: The fund invests in businesses based in various countries, including those not listed in the benchmark, such as emerging markets.

International Large-Cap Investment Committee

  • Jeffrey Germain Photo

    Jeffrey Germain, CFA

    • Director, Investments Group
    Years with Brandes: 22 Years of Industry Experience: 23

    Jeff Germain is a Director, Investments Group and Team Leader and Senior Analyst on the Basic Materials and Utilities Research Teams. He is a member of the International Large-Cap Investment Committee and a limited partner of the firm’s parent company. Before joining Brandes, Mr. Germain was a Financial Analyst with Harcourt and the chief financial officer of Golf Destinations. He earned his BS in business administration with a concentration in finance from the University of North Carolina at Chapel Hill. Mr. Germain’s relevant experience began in 2001 when he joined Brandes Investment Partners.

  • Amelia Morris Photo

    Amelia Morris, CFA

    • Director, Investments Group
    Years with Brandes: 26 Years of Industry Experience: 38

    Amelia Morris is a Director, Investments Group. She oversees and directs equity research activities in the consumer sector. Additionally, Ms. Morris covers the European retail and telecommunications services industries and is a member of the International Large-Cap Investment Committee. Previously, Ms. Morris was a member of the Emerging Markets Investment Committee, the firm’s Investment Oversight Committee and the Brandes Institute Advisory Board. She is a limited partner of the firm’s parent company.

    Ms. Morris earned her AB in economics (Phi Beta Kappa and cum laude) from the University of California, Davis and her MBA from the University of Chicago Booth School of Business. Her relevant experience began in 1986 and she joined Brandes Investment Partners in 1998.

  • Shingo Omura Photo

    Shingo Omura, CFA

    • Director, Investments Group
    Years with Brandes: 18 Years of Industry Experience: 23

    Shingo Omura is a Director, Investments Group and is a Senior Analyst and leader of the Health Care Research Team, with a primary emphasis on pharmaceutical companies. Additionally, he is a member of the International Large-Cap Investment Committee, the primary Product Coordinator for the Japan Equity strategy and a member of the ESG Oversight Committee. Mr. Omura is a limited partner of the firm’s parent company.

    Before joining the firm, he was a sell-side Research Analyst in Japan, where he covered basic materials and utilities companies. Mr. Omura earned his BA in economics from Keio University in Tokyo, Japan and his MBA from the Haas School of Business at the University of California, Berkeley. His relevant experience began in 2001 and he joined Brandes Investment Partners in 2005.

  • Luiz Sauerbronn Photo

    Luiz G. Sauerbronn

    • Director, Investments Group
    Years with Brandes: 22 Years of Industry Experience: 29

    Luiz Sauerbronn is a Director, Investments Group, a Senior Analyst on the Industrials Research Team and a member of the International Large-Cap and Small-Cap Investment Committees. Additionally, he is a member of the ESG Oversight Committee and a limited partner of the firm’s parent company.

    Before joining the firm, Mr. Sauerbronn was a Summer Associate with J.P. Morgan and Manager of the Mergers and Acquisitions Advisory Team of Brazil-based Banco Brascan (part of Brookfield Asset Management). He also worked with Royal Dutch Shell. Mr. Sauerbronn earned his BS in economics from the Federal University of Rio de Janeiro and his MBA from the Haas School of Business at the University of California, Berkeley. His relevant experience began in 1995 and he joined Brandes Investment Partners in 2001.

  • Brent Woods Photo

    Brent V. Woods, CFA

    • Chief Executive Officer
    Years with Brandes: 28 Years of Industry Experience: 29

    Brent Woods leads the firm’s Senior Management Team, which oversees day-to-day operations and long-term strategic direction. Additionally, he is a member of the International Large-Cap Investment Committee and the ESG Oversight Committee. Previously, he was a Managing Director, Investments Group, which is responsible for Brandes’ securities research efforts and oversight of the product investment committees. Mr. Woods is a limited partner of the firm’s parent company. He earned his AB (Phi Beta Kappa) from Princeton University, his Master’s in international studies from St. John’s College at Cambridge University, England, and his JD (cum laude) from Harvard Law School. His relevant experience began in 1995 when he joined Brandes Investment Partners.

Performance

Average Annual Total Returns (%)

Data displayed as of Mar 31, 2024

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The performance data quoted represents past performance and is no guarantee of future results. 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. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (866) 307-0477.

ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is an actively managed ETF, which is a fund that trades like other publicly-traded securities. 

Resources

Fund Report

Brandes Exchange Trades Funds Semi-Annual Report

Fact Sheet

Brandes International ETF Fact Sheet

Quarterly Commentary

Brandes International ETF Quarterly Commentary

Prospectus

Brandes ETFs Prospectus
Brandes ETFs Statement of Additional Information
Brandes International ETF Summary Prospectus
The MSCI EAFE Index with net dividends captures large and mid cap representation of developed market countries excluding the U.S. and Canada.
The MSCI EAFE Value Index with net dividends captures large and mid cap securities across developed market countries, excluding the United States and Canada, exhibiting value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or retrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk or any uses made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including without limitations, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com)
  • Investors should consider the investment objectives, risks, charges, and expenses carefully before investing.  For a prospectus with this and other information about the fund, please click here or call (866) 307-0477.  Please read the prospectus carefully before investing.
  • Distributed by Foreside Fund Services, LLC.
  • Investing involves risk, including potential loss of principal.  An investment in the Fund may be subject to risks associated with investing in equity securities, including foreign and value securities risks, issuer risk, and focused investing risk. The Fund may, from time to time, invest a substantial portion of the total value of its assets in securities of issuers located in a particular industry, sector, country or geographic region. During such periods, the Fund may be more susceptible to risks associated with that industry, sector, country, or region. The Fund is an exchange-traded fund and, as a result of this structure, it is exposed to additional trading and transactional risks, limited participant risk, and risks associated with buying and selling shares. The Fund is a recently organized investment company with limited operating history. Please see the prospectus for a discussion of risks.
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