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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.
  • Inception Date Not Funded
  • Dividend Frequency Annual
  • Number of Holdings 61
  • Total Net Assets Value $31.0 million (As of 30 Jun 2024)
  • Article 8 logo bug


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: Accumulating
A1, I1: Distributing
SFDR Classification Article 8
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Share Class Performance (%)

Available, but not yet funded.

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 information document for packaged retail and insurance-based investment products (the “PRIIPs KID”) or, for UK investors, the key investor information document (the “UCITS 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 Class I1
Management Fee NOT FUNDED
Total Expense Ratio NOT FUNDED
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Data displayed as of 30 Jun 2024


Characteristic Brandes Emerging Markets Value Fund MSCI Emerging Markets Index
Price/Book (x)
Price per share divided by book value per share.
1.3 1.8
Price/Earnings (x)
Price per share divided by earnings per share.
10.9 16.0
Price/Cash Flow (x)
Price per share divided by cash flow per share.
5.8 10.8
Equity Yield % 3.9 2.6
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
81.4 --
Number of Holdings 61 --
Avg. Market Cap ($bil) 111.5 148.4
Security Turnover (TTM) % 21.1 --
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Top 10 Holdings (%)

Company % Country Industry
Taiwan Semiconductor Manufacturing Co Ltd 6.7 Taiwan Semiconductors & Semiconductor Equipment
Samsung Electronics Co Ltd 4.4 South Korea Technology Hardware, Storage & Peripherals
Embraer SA 4.2 Brazil Aerospace & Defense
Alibaba Group Holding Ltd 3.5 China Broadline Retail
Erste Group Bank AG 3.1 Austria Banks
HDFC Bank Ltd 3.0 India Banks
Wiwynn Corp 2.8 Taiwan Technology Hardware, Storage & Peripherals
Petroleo Brasileiro SA 2.7 Brazil Oil, Gas & Consumable Fuels
Fibra Uno Administracion SA de CV 2.5 Mexico Diversified REITs
Contemporary Amperex Technology Co Ltd 2.4 China Electrical Equipment
% of Fund 35.3    
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 11.4 -
Emerging Markets 86.6 100.0
Swipe to View Market Weightings (%)

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, Belgium, France, Germany, Luxembourg, Netherlands, and the United Kingdom: FE fundinfo (Luxembourg) S.à.r.l., 6 Boulevard des Lumières, Belvaux, 4369 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. Please note that not all share classes are available in each of the foregoing jurisdictions listed above. 

Please click for sustainability related disclosures for the purposes of Article 10 of the EU Sustainable Finance Disclosures Regulation.

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.
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 RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings for other share classes may differ. For current performance, please view the Performance page of the web site or call 800.395.3807.