The MSCI World ex USA Index captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries--excluding the United States. The index covers approximately 85% of the free float-adjusted market capitalization in each country.

The MSCI USA Index measures the performance of the large and mid cap segments of the U.S. equity market.

Performance data quoted represents past performance; past performance does not guarantee future results. 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. Current performance of the fund may be lower or higher than the performance quoted. Performance would have been lower without limitations in effect. Performance data current to the most recent month end may be obtained by calling 800.395.3807.

A mutual fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company and may be obtained by calling 1.800.395.3807 or visiting brandes.com/funds. Read carefully before investing.

Holdings are subject to change and are not a recommendation to buy or sell any security.

Click here for current holdings, risks, and additional important information.

The Brandes funds are distributed by Foreside Financial Services, LLC.