Long-term capital appreciation by investing in equity and equity related securities of issuers located or active mainly in emerging markets whose equity market capitalisations exceed US$3 billion at the time of purchase.
  • ISIN IE00B6SMR972
  • Inception Date 10 May 2012
  • Dividend Frequency None
  • Number of Holdings 60
  • Total Net Assets Value $26.5 million (As of 31 Oct 2022)
  • Share Price (USD) 10.89 (As of 30 Nov 2022)

Overview

Why Brandes Emerging Markets Value Fund?

  • Value: The strategy employs our disciplined, bottom-up investing approach to seek emerging markets companies trading below our estimates of intrinsic value.
  • Experience: Brandes has been navigating emerging markets for over 30 years.
  • Flexibility: The strategy invests in businesses based in developing countries and has the ability and willingness to be different than the benchmark.

Fund Information

Fund Information Values
Legal Structure UCITS
Domicile Ireland
Registered AT, BE, CH, DE, ES, FR, IE, LUX, NL, UK
Trade Frequency Daily
Dealing Cutoff 16:00 New York Time
Base Currency USD
Dividend Policy A, I, S, X: Accumulating
A1, I1: Distributing
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Performance

Share Class Performance (%)

Data displayed as of 31 Oct 2022

Swipe to View Month End
Source: Brandes Investment Partners and MSCI.

Past performance is not indicative of future results. For more information on the risks associated with the sub-fund, please refer to the sections entitled Risk Factors in the prospectus. Full details regarding the Fund are set out in the key investor information document (the “KIID”), the prospectus, the articles of association and the latest financial reports published for the Fund (the “Fund Documents”). Before any subscription, it is recommended that you read carefully the Fund Documents.

Fees/Expenses

Fees/Expenses Class I
Management Fee 0.85%
Total Expense Ratio 0.95%
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Morningstar Rating

IE00B6SMR972 as of 31 Oct 2022

Total # of Funds 2647 Global Emerging Markets Equity
The Overall Morningstar Rating is derived from a weighted average of the fund's three-, five- and ten-year (if applicable). Morningstar Ratings metrics which are based on risk-adjusted return performance.

Fund

Data displayed as of 31 Oct 2022

Characteristics

Characteristic Brandes Emerging Markets Value Fund MSCI Emerging Markets Index
Price/Book (x)
Price per share divided by book value per share.
1.0 1.5
Price/Earnings (x)
Price per share divided by earnings per share.
7.6 11.1
Price/Cash Flow (x)
Price per share divided by cash flow per share.
5.1 7.4
Equity Yield % 5.9 3.8
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
86.6 --
Number of Holdings 60 --
Avg. Market Cap ($bil) 44.3 71.4
Security Turnover (TTM) % 21.3 --
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Top 10 Holdings (%)

Company % Country Industry
Samsung Electronics Co Ltd 4.4 South Korea Technology Hardware, Storage & Peripherals
Taiwan Semiconductor Manufacturing Co Ltd 4.0 Taiwan Semiconductors & Semiconductor Equipment
Fibra Uno Administracion SA de CV 3.8 Mexico Equity Real Estate Investment Trusts (REITs)
Alibaba Group Holding Ltd 3.3 China Internet & Direct Marketing Retail
Embraer SA 3.3 Brazil Aerospace & Defense
KT&G Corp 2.8 South Korea Tobacco
Bank Rakyat Indonesia Persero Tbk PT 2.7 Indonesia Banks
TravelSky Technology Ltd 2.6 China IT Services
HDFC Bank Ltd 2.4 India Banks
Petroleo Brasileiro SA 2.3 Brazil Oil, Gas & Consumable Fuels
% of Fund 31.6    
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 Emerging Markets Value Fund MSCI Emerging Markets Index
Developed Markets 5.6 -
Emerging Markets 90.8 100.0
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The Fund Documents may be obtained without cost by contacting the Administrator for the Fund, your Financial Representative, or at the offices of the paying agent or representative in each jurisdiction. Austria: Unicredit Bank Austria AG, Schottengasse 6-8, A1010 Vienna, Austria. Belgium : Brandes Investment Partners (Europe) Limited, Alexandra House, The Sweepstakes, Ballsbridge, Dublin, D04 C7H2, Ireland. France: Société Générale, 29 Boulevard Haussmann, 75009 Paris, France. Germany: GerFIS – German Fund Information Service UG (Haftungsbeschränkt), Zum Eichhagen 4, 21382 Brietlingen, Germany. Luxembourg: Société Générale Bank & Trust, 11 Avenue Emile Reuter, L-2420 Luxembourg. Spain: Allfunds Bank, S.A., Estafeta 6, la Moraleja, Complejo Plaza de la Fuente, Alcobendas, Madrid, Spain. Switzerland: Representative and Paying Agent: BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zurich, Switzerland. United Kingdom: Duff & Phelps, Ltd., 14th Floor, The Shard, 32 London Bridge Street, London, England SE1 9SG. Please note that not all share classes are available in each of the foregoing jurisdictions listed above. 

The Fund is not offered or sold to “U.S. Persons” as defined in Regulation S of the U.S. Securities Act of 1933.

The MSCI Emerging Markets Index with net dividends measures equity market performance of emerging markets. Data prior to 2001 is gross dividend and linked to the net dividend returns.
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)
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The Morningstar Analyst Rating™ for funds (the Analyst Rating) provides a forward-looking evaluation of how these funds might behave in a variety of market environments to help investors choose superior funds. It's based on an analyst’s conviction in a fund’s ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis through a full market cycle of at least five years. For more detailed information about Morningstar's Analyst Rating, including its methodology, go to: http://corporate.morningstar.com/US/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf.