BGEAX Fees and Costs — Brandes Global Equity Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses, less a 0.15% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $36K in broker commissions, 0.0527% of average net assets, and portfolio turnover was 31%.
BGEAX Fees and Expenses
Annual operating expenses and sales charges of BGEAX. Prospectus, as of July 29, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
BGEAX Costs Over Time
On $10,000 invested in BGEAX, assuming 5% a year before costs, total costs come to $1,469 over 5 years, cutting the return by 2.54% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.20%) | $119 | $370 | $639 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $29 | $110 | $226 |
| Total costs | $728 | $1,071 | $1,469 |
| Value after costs | $9,772 | $10,506 | $11,294 |
| Impact on return, per year | 7.28% | 3.34% | 2.54% |
BGEAX 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): 0.0527%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $76.2M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $121K
- Net income from securities lending: $2K (0.003% of average net assets)
BGEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC. | $6K | 22.91% |
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 19.41% |
| BOFA SECURITIES, INC. | $4K | 12.91% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 10.43% |
| UBS SECURITIES LLC | $2K | 7.83% |
| HSBC SECURITIES (USA) INC. | $2K | 7.57% |
| MACQUARIE CAPITAL (USA) INC. | $1K | 5.39% |
| CLSA GLOBAL MARKETS PTE. LTD. | $1K | 4.69% |
| RBC CAPITAL MARKETS, LLC | $1K | 4.64% |
| BNP PARIBAS | $1K | 4.21% |
BGEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $71.7M | 94.07% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $2.2M | 2.87% |
| MORGAN STANLEY & CO. LLC | $1.2M | 1.61% |
| HSBC SECURITIES (USA) INC. | $1.1M | 1.43% |
| BOFA SECURITIES, INC. | $15K | 0.02% |
Brandes Global Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BGVRX | Class R6 | 0.80% | none |
| BGVIX | Class I | 0.90% | none |
| BGEAX | Class A | 1.20% | 5.75% |
| BGVCX | Class C | 1.95% | 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.