Brandes Emerging Markets Value A
- BEMAX
- Price as of: Nov 24, 2020
-
$8.09
N/A N/A
- Primary Theme
- Emerging Markets Equity
- Fund Company
- Brandes
- Share Class
BEMAX - Snapshot
Vitals
- YTD Return -11.5%
- 3 Yr Annualized Return -7.6%
- 5 Yr Annualized Return 2.5%
- Net Assets $1.04 B
- Holdings in Top 10 26.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.35%
SALES FEES
- Front Load 5.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 22.09%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $1,000
Fund Classification
-
Primary Theme
Emerging Markets Equity
- Fund Type Open End Mutual Fund
- Investment Style Diversified Emerging Mkts
BEMAX - Profile
Distributions
- YTD Total Return -11.5%
- 3 Yr Annualized Total Return -9.4%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.23%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameBrandes Emerging Markets Fund
-
Fund Family NameBrandes
-
Inception DateJan 31, 2011
-
Shares Outstanding26372592
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChristopher 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 | -11.5% | -24.4% | 461.9% | 98.38% |
| 1 Yr | -18.3% | -32.9% | 70.4% | 99.38% |
| 3 Yr | -7.6%* | -14.1% | 23.9% | 99.32% |
| 5 Yr | 2.5%* | -5.2% | 22.1% | 92.29% |
| 10 Yr | N/A* | -2.4% | 9.3% | 46.46% |
* Annualized
Return Ranking - Calendar
| Period | BEMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 15.5% | -4.8% | 42.0% | 65.18% |
| 2018 | -16.9% | -58.5% | 0.0% | 35.85% |
| 2017 | 24.1% | -33.4% | 66.6% | 86.67% |
| 2016 | 23.1% | -10.1% | 241.3% | 3.42% |
| 2015 | -21.7% | -34.7% | 4.9% | 94.48% |
Total Return Ranking - Trailing
| Period | BEMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.5% | -24.0% | 461.9% | 98.38% |
| 1 Yr | -23.0% | -32.9% | 70.4% | 99.88% |
| 3 Yr | -9.4%* | -14.1% | 23.9% | 99.73% |
| 5 Yr | 1.3%* | -5.2% | 22.1% | 96.06% |
| 10 Yr | N/A* | -2.4% | 9.3% | 70.08% |
* Annualized
Total Return Ranking - Calendar
| Period | BEMAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 15.5% | -4.8% | 42.0% | 65.45% |
| 2018 | -15.8% | -41.9% | 0.0% | 29.73% |
| 2017 | 28.9% | -24.0% | 66.6% | 76.28% |
| 2016 | 25.6% | -10.0% | 249.6% | 3.42% |
| 2015 | -20.6% | -34.7% | 4.9% | 94.08% |
NAV & Total Return History
BEMAX - Holdings
Concentration Analysis
| BEMAX | Category Low | Category High | BEMAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.04 B | 705 K | 87.4 B | 33.21% |
| Number of Holdings | 74 | 1 | 5645 | 71.15% |
| Net Assets in Top 10 | 278 M | -81.1 M | 24.2 B | 37.26% |
| Weighting of Top 10 | 26.26% | 2.9% | 100.0% | 82.47% |
Top 10 Holdings
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
- Alibaba Group Holding Ltd Ordinary Shares 3.31%
Asset Allocation
| Weighting | Return Low | Return High | BEMAX % Rank | |
|---|---|---|---|---|
| Stocks | 95.55% | 40.97% | 100.38% | 78.54% |
| Other | 2.23% | -5.37% | 121.77% | 4.09% |
| Preferred Stocks | 1.54% | 0.00% | 1.77% | 1.20% |
| Cash | 0.69% | -114.84% | 13.18% | 74.16% |
| Convertible Bonds | 0.00% | 0.00% | 15.83% | 68.39% |
| Bonds | 0.00% | -9.89% | 58.22% | 71.46% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BEMAX % Rank | |
|---|---|---|---|---|
| Financial Services | 18.84% | 0.00% | 48.36% | 29.87% |
| Communication Services | 17.50% | 0.00% | 52.97% | 18.02% |
| Consumer Cyclical | 14.21% | 0.00% | 43.66% | 69.89% |
| Technology | 12.98% | 0.00% | 40.65% | 86.82% |
| Consumer Defense | 6.89% | 0.00% | 31.60% | 54.05% |
| Industrials | 6.80% | 0.00% | 43.84% | 24.43% |
| Basic Materials | 6.41% | 0.00% | 22.31% | 40.87% |
| Real Estate | 6.12% | 0.00% | 21.02% | 8.95% |
| Energy | 5.71% | 0.00% | 19.82% | 16.20% |
| Utilities | 2.75% | 0.00% | 39.61% | 14.75% |
| Healthcare | 1.80% | 0.00% | 96.36% | 83.07% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BEMAX % Rank | |
|---|---|---|---|---|
| Non US | 93.16% | 0.00% | 101.10% | 79.81% |
| US | 2.39% | -1.02% | 98.73% | 19.83% |
BEMAX - Expenses
Operational Fees
| BEMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.35% | 0.04% | 40.36% | 53.27% |
| Management Fee | 0.95% | 0.00% | 2.00% | 57.81% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.58% |
| Administrative Fee | 0.03% | 0.01% | 1.25% | 14.24% |
Sales Fees
| BEMAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 0.40% | 5.75% | 24.78% |
| 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 |
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 | 22.09% | 0.00% | 420.00% | 20.95% |
BEMAX - Distributions
Dividend Yield Analysis
| BEMAX | Category Low | Category High | BEMAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 71.94% |
Dividend Distribution Analysis
| BEMAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
| BEMAX | Category Low | Category High | BEMAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.23% | -1.40% | 6.51% | 29.14% |
Capital Gain Distribution Analysis
| BEMAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.025 |
| Dec 31, 2018 | $0.001 |
| Sep 28, 2018 | $0.051 |
| Jun 29, 2018 | $0.055 |
| Dec 29, 2017 | $0.044 |
| Sep 29, 2017 | $0.050 |
| Jun 30, 2017 | $0.239 |
| Dec 30, 2016 | $0.071 |
| Sep 30, 2016 | $0.027 |
| Jun 30, 2016 | $0.049 |
| Mar 31, 2016 | $0.010 |
| Dec 31, 2015 | $0.006 |
| Sep 30, 2015 | $0.045 |
| Jun 30, 2015 | $0.031 |
| Mar 31, 2015 | $0.003 |
| Dec 31, 2014 | $0.053 |
| Sep 30, 2014 | $0.028 |
| Jun 30, 2014 | $0.028 |
| Dec 31, 2013 | $0.041 |
| Sep 30, 2013 | $0.031 |
| Jun 28, 2013 | $0.049 |
| Dec 31, 2012 | $0.006 |
| Dec 06, 2012 | $0.129 |
| Dec 06, 2011 | $0.081 |
BEMAX - Fund Manager Analysis
Managers
Christopher Garrett
Start Date
Tenure
Tenure Rank
Jan 31, 2011
9.76
9.8%
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, and Non-Executive Director of Brandes 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
Start Date
Tenure
Tenure Rank
Jan 31, 2011
9.76
9.8%
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 Lau
Start Date
Tenure
Tenure Rank
Jan 31, 2011
9.76
9.8%
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 Brandes in 2004
Mauricio Abadia
Start Date
Tenure
Tenure Rank
Feb 01, 2016
4.75
4.8%
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 Brandes in 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 33.7 | 5.88 | 0.92 |