Brandes Global Equity Fund
Data updated: 2024-08-27
C000123169 — Brandes Global Equity Fund. Global (incl. US) Large Cap Value Equity · $48.77M AUM. Holdings, fees, performance and SEC filings.
C000123169 Fund Overview
Brandes Global Equity Fund is a US mutual fund managed by Brandes Investment Trust, categorised as Global (incl. US) Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Brandes Investment Trust
- Category: Global (incl. US) Large Cap Value Equity
- Assets under management: $48.77M
- 1-year return: 18.7%
- SEC CIK: 0000926678
- SEC series ID: S000023589
- Share class ID: C000123169
C000123169 Investment Objective and Strategy
Brandes Global Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brandes Investment Trust.
Investment objective
The Brandes Global Equity Fund (the Global Equity Fund or Fund) seeks long term capital appreciation.
Principal investment strategy
The Global Equity Fund invests principally in equity securities of U.S. and foreign companies. These companies generally have market capitalizations (market value of publicly traded equity securities) greater than $5 billion. A foreign company is determined to be foreign on the basis of its domicile, its principal place of business, its primary stock exchange listing, and/or the source of its revenues. 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. Equity securities include common and preferred stocks, warrants and rights. The Fund will invest in at least three different countries, and invest at least 40% of its assets (measured at the time of purchase) outside of the United States or, if conditions are not favorable, at least 30% of its assets (measured at the time of purchase) outside of the United States.
For example, if the Advisor determines that non-U.S. markets are generally overvalued compared to U.S. markets, the Fund may invest up to 70% of its assets within the United States. Up to 30% of the Funds total assets, measured at the time of purchase, may be invested in securities of companies located in emerging market countries (including frontier market countries). From time to time, the Fund may invest more than 25% of its assets in any market sector. As of September 30, 2017, the Fund invested 25.2% in the Financial sector. Brandes Investment Partners, L.P., the Global Equity Fund s investment advisor (the Advisor), uses the principles of value investing to analyze and select equity securities for the Funds investment portfolio. When buying equity securities, the Advisor assesses the estimated intrinsic value of a company based on data such as a companys earnings, cash flow generation, and/or asset value of the underlying business.
By choosing securities that are selling at a discount to the Advisors estimates of their share of the companys intrinsic business value, the Advisor seeks to establish an opportunity for long-term capital appreciation. The Advisor may sell a security when its price reaches a target set by the Advisor or the Advisor believes that other investments are more attractive, or for other reasons.
C000123169 Holdings
Top 10 holdings of Brandes Global Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Erste Group Bank AG | 2.61% |
| Shell PLC | 2.49% |
| Sanofi | 2.40% |
| UBS Group AG | 2.37% |
| Bank of America Corp. | 2.31% |
| GSK plc | 2.30% |
| Heidelberg Materials AG | 2.29% |
| Wells Fargo & Co. | 2.25% |
| Northern Inst Fds | 2.25% |
| Imperial Brands PLC | 2.21% |
C000123169 Portfolio Allocation
Asset-class allocation of Brandes Global Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.3% |
| Cash & Equivalents | 2.2% |
C000123169 Performance
Total returns for C000123169 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 18.7% |
| 3 years (annualised) | 7.0% |
| 5 years (annualised) | 9.4% |
C000123169 Risk Information
Risk metrics for C000123169, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.1%
C000123169 Costs and Fees
C000123169 costs about $200 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.00%
- Gross expense ratio: 2.18%
- Portfolio turnover: 17%
- Brokerage commissions: 2.86 bps of average net assets (SEC N-CEN)
C000123169 Cashflows
Over the 12 months to 2024-06, Brandes Global Equity Fund had net inflows of $6.88M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-06 | −$147.81K |
| 2024-05 | $77.04K |
| 2024-04 | $486.77K |
| 2024-03 | −$80.50K |
| 2024-02 | $164.09K |
| 2024-01 | $165.52K |
C000123169 Debt Constituents
No individual debt constituents are reported in Brandes Global Equity Fund's latest SEC N-PORT filing.
C000123169 Prospectus and SEC Filings
Official Brandes Global Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-25
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus (485BPOS) — filed 2022-01-28
- Portfolio holdings (N-PORT) — filed 2024-08-27
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-26
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other Global (incl. US) Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.