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BEMAX Brandes Emerging Markets Value A

  • Fund
  • BEMAX
  • Price as of: Jul 15, 2019
  • $9.07 - $0.00 - 0.00%
  • Category
  • Emerging Markets Equities

BEMAX - Profile

Vitals

  • YTD Return 12.8%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return -2.6%
  • Net Assets $1.48 B
  • Holdings in Top 10 28.8%

52 WEEK LOW AND HIGH

$9.07
$7.88
$9.07

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 12.8%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Brandes Emerging Markets Fund
  • Fund Family Name Brandes
  • Inception Date Jan 31, 2011
  • Shares Outstanding 27618287
  • 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 (%)
YTD 12.8% 0.0% 24.7% 29.02%
1 Yr 4.6% -36.9% 10.1% 4.13%
3 Yr 5.1%* -8.0% 54.8% 55.26%
5 Yr -2.6%* -19.5% 24.1% 85.25%
10 Yr N/A* -8.8% 13.8% N/A

* Annualized


Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.9% -41.9% 0.0% 35.24%
2017 24.1% 1.8% 49.7% 84.36%
2016 23.1% -23.2% 241.4% 3.04%
2015 -21.7% -47.4% -0.6% 94.94%
2014 -12.4% -46.3% 42.6% 93.41%

Total Return Ranking - Trailing

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.8% 0.0% 24.7% 29.02%
1 Yr 5.2% -36.9% 10.1% 4.72%
3 Yr 7.3%* -4.1% 59.1% 36.23%
5 Yr -0.2%* -19.5% 28.0% 65.57%
10 Yr N/A* -8.8% 18.6% N/A

* Annualized


Total Return Ranking - Calendar

Period BEMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.8% -41.9% 0.0% 28.54%
2017 28.9% 1.8% 50.4% 75.84%
2016 25.6% -10.0% 249.7% 2.63%
2015 -20.6% -33.4% 1.2% 94.13%
2014 -8.9% -46.2% 48.2% 91.14%

NAV & Total Return History

BEMAX - Holdings

Concentration Analysis

BEMAX Category Low Category High BEMAX % Rank
Net Assets 1.48 B 5.4 M 89.1 B 30.98%
Number of Holdings 79 2 5006 70.39%
Net Assets in Top 10 423 M 691 K 17.7 B 32.75%
Weighting of Top 10 28.75% 3.9% 539.2% 58.43%

Top 10 Holdings

  1. China Mobile Ltd 4.33%

  2. Embraer SA ADR 3.55%

  3. Fibra Uno Administracion SA de CV Series 11 3.01%

  4. Cemex SAB de CV ADR 2.95%

  5. Sberbank of Russia PJSC 2.73%

  6. Bank Rakyat Indonesia (Persero) Tbk Class B 2.69%

  7. KT&G Corp 2.67%

  8. YPF SA ADR 2.50%

  9. Dongfeng Motor Group Co Ltd Class H 2.35%

  10. POSCO 1.97%


Asset Allocation

Weighting Return Low Return High BEMAX % Rank
Stocks
97.08% 0.00% 102.58% 53.33%
Cash
1.96% -4.59% 22.40% 55.69%
Other
0.96% -1.18% 15.14% 10.39%
Preferred Stocks
0.00% 0.00% 2.93% 81.37%
Convertible Bonds
0.00% 0.00% 19.50% 80.59%
Bonds
0.00% -13.31% 94.08% 82.55%

Stock Sector Breakdown

Weighting Return Low Return High BEMAX % Rank
Financial Services
17.74% 0.00% 51.75% 78.59%
Consumer Cyclical
14.71% 0.00% 33.57% 27.31%
Communication Services
13.04% 0.00% 19.11% 3.14%
Industrials
10.43% 0.00% 14.62% 8.45%
Consumer Defense
8.92% 0.00% 44.58% 41.85%
Energy
8.56% 0.00% 24.07% 15.91%
Technology
6.99% 0.00% 36.49% 92.53%
Real Estate
6.89% 0.00% 11.64% 3.34%
Basic Materials
4.92% 0.00% 15.85% 54.81%
Utilities
2.38% 0.00% 52.39% 31.83%
Healthcare
1.46% 0.00% 13.32% 69.16%

Stock Geographic Breakdown

Weighting Return Low Return High BEMAX % Rank
Non US
94.63% 0.00% 102.33% 60.98%
US
2.45% -1.93% 100.31% 23.33%

BEMAX - Expenses

Operational Fees

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.05% 13.96% 60.39%
Management Fee 0.95% 0.00% 2.00% 48.63%
12b-1 Fee 0.25% 0.00% 1.00% 49.33%
Administrative Fee 0.03% 0.00% 0.85% 14.23%

Sales Fees

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.40% 5.75% 25.74%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BEMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 37.66% 2.00% 238.00% 42.75%

BEMAX - Distributions

Dividend Yield Analysis

BEMAX Category Low Category High BEMAX % Rank
Dividend Yield 0.01% 0.00% 0.20% 48.04%

Dividend Distribution Analysis

BEMAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

BEMAX Category Low Category High BEMAX % Rank
Net Income Ratio 1.62% -1.57% 5.89% 25.49%

Capital Gain Distribution Analysis

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

BEMAX - Managers

Christopher J. Garrett

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2011

8.42

8.4%

Christopher J. Garrett, CFA, Director, Institutional Group. Mr. Garrett is a member of the Emerging Markets Investment Committee, develops and services relationships with institutional consultants and clients, andNon-Executive Director of BrandesBrandes Asia.Previously served as CEO and Institutional PM for Brandes Asia. Prior to Brandes, he was a PM/Analyst with DuPont Capital Mgmt and Corporate Loan Officer with two large banks. Earned his BS in finance from ASU and his MBA from Columbia Business School. Investment experience began in 1990, and joined Brandes in 2000.


Gerardo Zamorano

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2011

8.42

8.4%

Gerardo Zamorano, CFA, Director, Investments Group. Gerardo Zamorano, a limited partner of the firm’s parent company, has analyst and team leader responsibilities on the Telecommunications Research Team, and a member of the Emerging Markets and All-Cap Investment Committees. Previously served as the Assistant Investment Officer in the Latin America Department with the International Finance Corporation (part of World Bank). Earned his BSE from Wharton and MBA from the Kellogg. Investment experience began in 1995, and he joined Brandes in 1999. He is fluent in Spanish and Portuguese.


Louis Y. Lau

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2011

8.42

8.4%

Louis Y. Lau, CFA,Director, Investments Group. Louis Lau is a Senior Analyst on the Financial Institutions Team. He is also a member of the Emerging Markets Investment Committee and a limited partner of the firm’s parent company. Prior to joining Brandes, he was an Analyst in investment banking and equity capital markets with Goldman Sachs. Mr. Lau earned his BBA in finance (with merit) from the National University of Singapore and his MBA in finance and accounting (with honors) from the Wharton School of the University of Pennsylvania. His experience began in 1998, and joined Brandesin 2004.


Mauricio Abadia

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2016

3.41

3.4%

Mauricio Abadia,Senior Analyst. Mauricio Abadia is a Senior Analyst on the Utilities Research Team. He is also a member of the Emerging Markets Investment Committee and the Brandes Institute Advisory Board. Prior to joining Brandes, he worked as a Senior Consultant at Deloitte. Mr. Abadia earned MBA with honors from the Haas School of Business at the University of California, Berkeley and BS in systems engineering with distinction from the University of Virginia, and is fluent in Spanish. His experience began in 2006, and joined Brandesin 2010.


Tenure Analysis

Category Low

0.5

Category High

13.14

Category Average

7.16

Category Mode

7.84