BEMIX Fees and Costs — Brandes Emerging Markets Value Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 1.11%: a 0.95% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $631K in broker commissions, 0.0732% of average net assets, and portfolio turnover was 19%.
BEMIX Fees and Expenses
Annual operating expenses and sales charges of BEMIX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BEMIX Costs Over Time
On $10,000 invested in BEMIX, assuming 5% a year before costs, total costs come to $737 over 5 years, cutting the return by 1.24% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.11%) | $117 | $363 | $628 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $406 | $737 |
| Value after costs | $10,376 | $11,170 | $12,025 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
BEMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0732%
- Total broker commissions: $631K
- Bought from dealers (principal trades, not a cost): $480.6M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
BEMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA GLOBAL MARKETS PTE. LTD. | $88K | 16.05% |
| CITIGROUP GLOBAL MARKETS INC. | $82K | 15.03% |
| MORGAN STANLEY & CO. LLC | $77K | 14.01% |
| SANFORD C. BERNSTEIN & CO., LLC | $61K | 11.17% |
| JEFFERIES LLC. | $53K | 9.69% |
| MACQUARIE CAPITAL (USA) INC. | $48K | 8.68% |
| BOFA SECURITIES, INC. | $44K | 7.98% |
| HSBC SECURITIES (USA) INC. | $43K | 7.91% |
| UBS SECURITIES LLC | $31K | 5.66% |
| J.P. MORGAN SECURITIES LLC | $21K | 3.82% |
BEMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $458.9M | 95.48% |
| MORGAN STANLEY & CO. LLC | $14.0M | 2.91% |
| GOLDMAN SACHS & CO. LLC | $2.8M | 0.58% |
| BOFA SECURITIES, INC. | $2.2M | 0.47% |
| CITIGROUP GLOBAL MARKETS INC. | $2.0M | 0.41% |
| J.P. MORGAN SECURITIES LLC | $625K | 0.13% |
| JEFFERIES LLC. | $124K | 0.03% |
Brandes Emerging Markets Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BEMRX | Class R6 | 0.97% | none |
| BEMIX | Class I | 1.11% | none |
| BEMAX | Class A | 1.29% | 5.75% |
| BEMCX | Class C | 2.02% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.