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BEMAX Brandes Emerging Markets Value A

  • Fund
  • BEMAX
  • Price as of: Feb 19, 2019
  • $8.87
  • - $0.00
  • - 0.00%
  • Category
  • Emerging Markets Equities

BEMAX - Profile

Vitals

  • YTD Return 10.3%
  • 3 Yr Annualized Return 16.1%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $1.51 B
  • Holdings in Top 10 29.7%

52 WEEK LOW AND HIGH

$8.87
$7.88
$10.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.66%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 13.9%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.62%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Brandes Emerging Markets Fund
  • Fund Family Name Brandes
  • Inception Date Jan 31, 2011
  • Shares Outstanding 28838030
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher J. Garrett

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) measured at the time of purchase in equity securities of companies located or active mainly in emerging markets. It typically invests in companies that have market capitalizations (market value of publicly traded equity securities) greater than $3 billion.

BEMAX - Performance

Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.3% -37.5% 38.1% 10.96% 1
1 Yr -11.0% -38.0% 57.7% 25.91% 2
3 Yr 16.1% * -13.2% 20.2% 5.79% 1
5 Yr 2.8% * -11.8% 13.5% 69.95% 4
10 Yr 3.2% * -4.6% 13.9% 90.71% 5

* Annualized


Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -16.9% -41.9% 248.4% 41.19% 3
2017 24.1% -40.7% 130.6% 65.72% 4
2016 23.1% -28.0% 241.4% 2.45% 1
2015 -21.7% -47.4% 15.1% 86.90% 5
2014 -12.4% -40.7% 42.6% 86.25% 5

Total Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.3% -100.0% 38.1% 10.64% 1
1 Yr -16.1% -29.0% 55.8% 58.71% 3
3 Yr 13.9% * -11.1% 20.2% 18.65% 1
5 Yr 1.6% * -12.2% 13.5% 79.96% 5
10 Yr 2.6% * -4.6% 13.9% 91.99% 5

* Annualized


Total Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -16.9% -41.9% 248.4% 41.85% 3
2017 24.1% -24.0% 132.6% 66.77% 4
2016 24.8% -23.6% 242.0% 2.13% 1
2015 -21.1% -24.6% 43.0% 95.38% 5
2014 -9.2% -36.9% 60.9% 90.51% 5

NAV & Total Return History

BEMAX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

BEMAX Category Low Category High BEMAX % Rank Quintile
Net Assets 1.51 B 272 82.7 B 9.13% 2
Number of Holdings 82 1 5079 18.55% 4
Net Assets in Top 10 383 M -136 M 16.1 B 9.28% 2
Weighting of Top 10 29.7% 0.0% 523.7% 18.26% 3

Top 10 Holdings

  1. Cemex SAB de CV ADR 3.14%
  2. China Mobile Ltd 4.69%
  3. Embraer SA ADR 4.02%
  4. KT&G Corp 3.05%
  5. Fibra Uno Administracion SA de CV Series 11 2.78%
  6. Dongfeng Motor Group Co Ltd H 2.43%
  7. YPF SA ADR 2.73%
  8. Bank Rakyat Indonesia (Persero) Tbk Class B 2.75%
  9. S-1 Corp 2.07%
  10. POSCO 2.02%

Asset Allocation

Weighting Category Low Category High BEMAX % Rank Quintile
Stocks
97.15% 0.00% 105.33% 14.93% 3
Other
2.16% -6.58% 31.18% 5.80% 1
Cash
0.70% -68.34% 100.00% 24.06% 4
Preferred Stocks
0.00% 0.00% 14.58% 8.26% 5
Convertible Bonds
0.00% 0.00% 21.38% 2.32% 5
Bonds
0.00% -54.96% 92.82% 6.52% 5

Stock Sector Breakdown

Weighting Category Low Category High BEMAX % Rank Quintile
Consumer Cyclical
17.73% 0.00% 32.86% 4.50% 1
Financial Services
15.70% 0.00% 53.82% 27.14% 4
Communication Services
11.62% 0.00% 20.02% 1.60% 1
Industrials
10.83% 0.00% 27.34% 4.35% 1
Consumer Defense
9.69% 0.00% 48.28% 11.47% 2
Energy
9.57% 0.00% 22.29% 4.64% 1
Real Estate
6.65% 0.00% 9.07% 1.31% 1
Technology
5.21% 0.00% 37.10% 32.22% 5
Basic Materials
5.16% 0.00% 22.45% 19.59% 3
Utilities
4.21% 0.00% 54.19% 6.53% 1
Healthcare
0.78% 0.00% 14.85% 26.27% 5

Stock Geographic Breakdown

Weighting Category Low Category High BEMAX % Rank Quintile
Non US
95.07% 0.00% 103.18% 19.42% 3
US
2.08% -3.75% 100.54% 6.96% 2

BEMAX - Expenses

Operational Fees

BEMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.37% 0.05% 935.74% 27.33% 2
Management Fee 0.95% 0.00% 2.00% 5.36% 3
12b-1 Fee 0.25% 0.00% 1.00% 2.86% 3
Administrative Fee 0.03% 0.00% 0.85% 8.17% 1

Sales Fees

BEMAX Fees (% of AUM) Category Low Category High BEMAX Rank Quintile
Front Load 5.75% 0.40% 5.75% 0.75% 5
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

BEMAX Fees (% of AUM) Category Low Category High BEMAX Rank Quintile
Max Redemption Fee N/A 0.40% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BEMAX Fees (% of AUM) Category Low Category High BEMAX Rank Quintile
Turnover 37.66% 0.00% 947.00% 14.10% 3

BEMAX - Distributions

Dividend Yield Analysis

BEMAX Category Low Category High BEMAX % Rank Quintile
Dividend Yield 0.2% 0.00% 4.05% 27.87% 2

Dividend Distribution Analysis

BEMAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BEMAX Category Low Category High BEMAX % Rank Quintile
Net Income Ratio 1.62% -1.60% 5.89% 15.12% 2

Capital Gain Distribution Analysis

BEMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

BEMAX - Managers

Christopher J. Garrett

Manager

Start Date

Jan 31, 2011

Tenure

8.01

Tenure Rank

5.1%

Christopher J. Garrett, CFA, Institutional Portfolio Manager Chris Garrett is an Institutional Portfolio Manager with Brandes Investment Partners, L.P.’s Singapore affiliate, Brandes Investment Partners (Asia) Pte. Ltd. In addition, he is a member of the Product Coordination team for the firm’s Emerging Market portfolios. He earned his MBA from Columbia University’s Columbia Business School and his BS in finance from Arizona State University. Mr. Garrett has been in finance and investment industry since 1992.


Gerardo Zamorano

Manager

Start Date

Jan 31, 2011

Tenure

8.01

Tenure Rank

5.1%

Gerardo Zamorano, CFA, Director, Investments. Gerardo Zamorano, a limited partner of the firm’s parent company, leads the firm’s research efforts in the telecommunications sector at Brandes Investment Partners, L.P. He is also a member of the Emerging Markets Investment Committee. Before joining Brandes, Mr. Zamorano worked for the International Finance Corporation, part of the World Bank Group, as an Assistant Investment Officer in the Latin America Department.


Louis Y. Lau

Manager

Start Date

Jan 31, 2011

Tenure

8.01

Tenure Rank

5.1%

Louis Y. Lau Director, Investments Louis Lau, a limited partner of the firm’s parent company, is a Senior Analyst on the Financial Institutions Research Team at Brandes Investment Partners, L.P. In addition, he is a voting member of the Emerging Markets Investment Committee and serves as a Product Coordinator for the Emerging Markets Portfolio. Before joining Brandes, Mr. Lau worked in investment banking and equity capital markets for Goldman Sachs. He earned his MBA with honors in finance and accounting from the Wharton School at the University of Pennsylvania.


Mauricio Abadia

Manager

Start Date

Feb 01, 2016

Tenure

3.0

Tenure Rank

11.7%

Mauricio Abadia Analyst Experience · Current Responsibilities ○ Analyst responsibilities on the Utilities Research Team ○ Member of the Emerging Markets Investment Committee ○ Member of the Brandes Institute Advisory Board · Experience began in 2006 · Joined Brandes Investment Partners in 2010 · Prior Career Highlights ○ Senior Consultant with Deloitte Education and Skills · MBA (with honors) from the Haas School of Business at the University of California, Berkeley · BS in systems engineering from the University of Virginia


Tenure Analysis

Category Low

0.0

Category High

25.2

Category Average

5.92

Category Mode

1.9