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BEMAX Brandes Emerging Markets Value A

  • Fund
  • BEMAX
  • Price as of: Dec 09, 2016
  • $7.93
  • - $0.01
  • - 0.13%
  • Category
  • Emerging Markets Equities

BEMAX - Profile

Vitals

  • YTD Return 25.3%
  • 3 Yr Annualized Return -3.5%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $1.14 B
  • Holdings in Top 10 26.1%

52 WEEK LOW AND HIGH

$7.93
$5.56
$8.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.48%

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 27.0%
  • 3 Yr Annualized Total Return -5.4%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.74%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Brandes Emerging Markets Fund
  • Fund Family Name Brandes
  • Inception Date Jan 31, 2011
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Douglas C. Edman

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 generally invests in equity securities of companies that have market capitalizations (market value of publically traded securities) greater than $3 billion.

BEMAX - Performance

Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 25.3% -29.2% 261.2% 1.46% 1
1 Yr 18.7% -38.0% 57.7% 1.60% 1
3 Yr -3.5% * -12.2% 16.7% 57.80% 3
5 Yr 1.5% * -11.8% 12.8% 33.63% 2
10 Yr 4.0% * -3.1% 7.1% 6.58% 1

* Annualized


Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -21.7% -47.4% 3.3% 83.15% 5
2014 -12.4% -40.7% 42.6% 83.60% 5
2013 1.0% -30.3% 32.4% 23.50% 2
2012 14.1% -10.6% 37.9% 68.54% 4
2011 N/A -54.5% 1.7% N/A N/A

Total Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 27.0% -11.8% 261.2% 1.33% 1
1 Yr 11.9% -25.4% 55.8% 7.02% 1
3 Yr -5.4% * -12.7% 16.7% 80.55% 5
5 Yr 0.3% * -12.2% 12.8% 55.31% 3
10 Yr 3.3% * -3.1% 7.1% 14.40% 1

* Annualized


Total Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -21.1% -24.6% 3.3% 92.46% 5
2014 -9.2% -18.2% 60.9% 90.31% 5
2013 5.1% -14.9% 60.9% 18.53% 1
2012 15.8% -8.7% 83.1% 81.91% 5
2011 N/A -39.8% 2.2% N/A N/A

NAV & Total Return History

BEMAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

BEMAX Category Low Category High BEMAX % Rank Quintile
Net Assets 1.14 B 272 64.2 B 6.81% 2
Number of Holdings 85 1 4452 16.23% 4
Net Assets in Top 10 295 M 0 10.5 B 7.10% 2
Weighting of Top 10 26.1% 0.0% 188.6% 18.84% 3

Top 10 Holdings

  1. PJSC Lukoil ADR 2.62%
  2. Hyundai Mobis Co Ltd 2.70%
  3. Cemex SAB de CV ADR 2.80%
  4. China Mobile Ltd 2.58%
  5. Sberbank of Russia PJSC ADR 2.25%
  6. Emlak Konut Gayrimenkul Yatirim Ortakligi AS 2.30%
  7. Embraer SA ADR 2.60%
  8. Copa Holdings SA Class A 3.11%
  9. Erste Group Bank AG 2.69%
  10. Companhia Brasileira De Distribuicao A 2.44%

Asset Allocation

Weighting Category Low Category High BEMAX % Rank Quintile
Stocks
97.65% 0.00% 102.26% 6.38% 1
Other
1.93% -2.96% 99.34% 10.72% 3
Cash
0.40% -94.93% 100.00% 22.46% 4
Bonds
0.01% 0.00% 93.68% 6.38% 2
Convertible Bonds
0.00% 0.00% 9.01% 0.72% 5
Preferred Stocks
0.00% 0.00% 7.87% 11.45% 5

Stock Sector Breakdown

Weighting Category Low Category High BEMAX % Rank Quintile
Financial Services
22.68% 0.00% 43.33% 10.19% 2
Consumer Cyclical
21.92% 0.00% 35.26% 2.47% 1
Communication Services
12.17% 0.00% 20.02% 2.18% 1
Industrials
8.90% 0.00% 33.10% 7.42% 1
Energy
6.74% 0.00% 23.51% 9.17% 2
Real Estate
6.07% 0.00% 11.55% 2.47% 1
Basic Materials
5.81% 0.00% 16.02% 15.87% 3
Consumer Defense
5.58% 0.00% 43.19% 24.31% 5
Utilities
5.14% 0.00% 51.13% 5.97% 1
Technology
2.24% 0.00% 37.81% 28.97% 5
Healthcare
0.00% 0.00% 19.20% 27.07% 5

Stock Geographic Breakdown

Weighting Category Low Category High BEMAX % Rank Quintile
Non US
92.39% 0.00% 101.92% 19.42% 4
US
5.26% -5.38% 100.02% 2.32% 1

Bond Sector Breakdown

Weighting Category Low Category High BEMAX % Rank Quintile
Cash & Equivalents
0.39% -94.93% 100.00% 22.69% 4
Derivative
0.01% -49.59% 7.66% 1.90% 1
Corporate
0.01% 0.00% 53.26% 13.03% 3
Securitized
0.00% 0.00% 25.79% 0.88% 5
Municipal
0.00% 0.00% 1.50% 1.02% 5
Government
0.00% 0.00% 81.95% 3.81% 5

Bond Geographic Breakdown

Weighting Category Low Category High BEMAX % Rank Quintile
Non US
0.01% 0.00% 93.68% 3.48% 1
US
0.00% 0.00% 64.15% 4.35% 5

BEMAX - Expenses

Operational Fees

BEMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.39% 0.08% 935.74% 31.10% 2
Management Fee 0.95% 0.03% 2.00% 5.36% 3
12b-1 Fee 0.25% 0.00% 1.00% 3.13% 3
Administrative Fee 0.03% 0.00% 0.55% 8.17% 1

Sales Fees

BEMAX Fees (% of AUM) Category Low Category High BEMAX Rank Quintile
Front Load 5.75% 0.50% 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 0.50% 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 26.48% 0.00% 947.00% 15.84% 2

BEMAX - Distributions

Dividend Yield Analysis

BEMAX Category Low Category High BEMAX % Rank Quintile
Dividend Yield 0.1% 0.00% 3.56% 48.24% 3

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 1.74% -1.67% 5.97% 12.35% 1

Capital Gain Distribution Analysis

BEMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

BEMAX - Managers

Douglas C. Edman

Manager

Start Date

Feb 01, 2006

Tenure

10.84

Tenure Rank

1.6%

Douglas C. Edman, CFA,Director, Investments. Doug Edman, a limited partner of the firm’s parent company, is a Senior Analyst and a voting member of the Emerging Markets Investment Committee at Brandes Investment Partners, L.P. He performs research in the oil & gas industry. Before joining Brandes, Mr. Edman worked for Goldman Sachs as a Credit Analyst where he managed the credit rating agency relationships and commercial paper programs for clients in the energy and telecommunications industries.


Christopher J. Garrett

Manager

Start Date

Dec 31, 2002

Tenure

13.93

Tenure Rank

1.0%

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. Prior to moving to Singapore, Mr. Garrett was an Institutional Portfolio Manager in the firm’s San Diego office. Mr. Garrett continues to serve as a member of the Brandes Investment Partners, L.P. Emerging Markets Investment Committee. In addition, he is a member of the Product Coordination team for the firm’s Emerging Market portfolios. Before joining Brandes, Mr. Garrett wor


Gerardo Zamorano

Manager

Start Date

Dec 31, 2002

Tenure

13.93

Tenure Rank

1.0%

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

Dec 31, 2008

Tenure

7.92

Tenure Rank

3.6%

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

0.83

Tenure Rank

11.3%

N/A


Tenure Analysis

Category Low

0.0

Category High

25.1

Category Average

5.02

Category Mode

1.9