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.
Click here for standardized performance and expense information for the Brandes International Equity Fund.
Click here for standardized performance and expense information for the Brandes International Small Cap Equity Fund.
Click here for standardized performance and expense information for the Brandes Small Cap Value Fund.
Correlated (Correlation): Statistical measure of how two securities move in relation to each other.
Forward Price-Earnings Ratio: Price per share divided by earnings per share expected over the next 12 months or next fiscal year.
Global Financial Crisis (GFC)
Magnificent Seven: a group of seven dominant, large-cap U.S. companies—mostly in tech—Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Tesla.
Morningstar US Value Index: represents the value segment of the U.S. stock market.
Morningstar US Growth Index: represents the growth segment of the U.S. stock market.
MSCI ACWI ex- US Small Cap Value Index: captures small-cap securities across developed and emerging markets excluding the United States, exhibiting overall value style characteristics, defined using book value to price, 12-month forward earnings to price, and dividend yield.
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.
MSCI US Index: measures the performance of the large and mid-cap segments of the U.S. equity market.
MSCI Europe Index: with net dividends captures large and mid-cap representation of developed market countries in Europe.
MSCI AC Asia Index: measures the performance of large and mid-cap stocks across developed and emerging markets in Asia.
Russell 2000 Index: with gross dividends measures the performance of the small cap segment of the U.S. equity universe.
Russell 2000 Value Index: with gross dividends measures performance of the small cap value segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book-to-price ratios, historical sales growth, and expected earnings growth.
S&P 500 Index: with gross dividends measures equity performance of 500 of the top companies in leading industries of the U.S. economy.
S&P 500 Value: with gross dividends measures equity performance of S&P 500 Index companies with lower book value-to-price, sales-to-price, and earnings-to-price ratios.
S&P 500 Growth: with gross dividends measures equity performance of S&P 500 Index companies with higher sales growth, earnings change to price, and momentum.
It is not possible to invest directly in an index.
Fund holdings are subject to change and risk.
Click here for current holdings, risks, and additional important information about Brandes International Equity Fund.
Click here for current holdings, risks, and additional important information about Brandes International Small Cap Equity Fund.
Click here for current holdings, risks, and additional important information about Brandes Small Cap Value Fund.
Mutual fund investing involves risk; principal loss is possible. Investing in foreign securities poses additional risks. The performance of foreign securities can be adversely affected by the different political, regulatory 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. Investments in small and medium capitalization companies tend to have limited liquidity and greater price volatility than large capitalization companies. The value style of investing utilized by the Adviser may cause the Fund's performance to deviate from the performance of broad market benchmarks and other managers for substantial periods of time.
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.
The Brandes funds are distributed by Foreside Financial Services, LLC.