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BRANDES SMALL CAP VALUE FUND
mutual fund
BSCMX
Payout Change
Pending
Price as of:
$15.78
-0.28
-1.74%
primary theme
U.S. Small-Cap Value Equity
share class
BSCMX (Mutual Fund)
BRANDES SMALL CAP VALUE FUND
Payout Change
Pending
Price as of:
$15.78
-0.28
-1.74%
primary theme
U.S. Small-Cap Value Equity
share class
BSCMX (Mutual Fund)
BRANDES SMALL CAP VALUE FUND
Payout Change
Pending
Price as of:
$15.78
-0.28
-1.74%
primary theme
U.S. Small-Cap Value Equity
share class
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
14.7%
1 yr return
26.0%
3 Yr Avg Return
9.5%
5 Yr Avg Return
16.4%
Net Assets
$14.4 M
Holdings in Top 10
42.9%
52 WEEK LOW AND HIGH
$16.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.81%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 90.71%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BSCMX - Profile
Distributions
- YTD Total Return 14.7%
- 3 Yr Annualized Total Return 9.5%
- 5 Yr Annualized Total Return 16.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.70%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameBRANDES SMALL CAP VALUE FUND
-
Fund Family NameBrandes Investment Trust
-
Inception DateJan 02, 2018
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerLuiz Sauerbronn
Fund Description
The Small Cap Value Fund invests primarily in equity securities of U.S. companies with small market capitalizations (market value of publicly traded equity securities). Equity securities include common and preferred stocks, warrants and rights. Under normal market conditions, the Fund will invest at least 80% of its net assets measured at the time of purchase in securities of companies with small market capitalizations. The Fund considers a company to be a small capitalization company if it has a market capitalization of $5 billion or less at the time of purchase. The Fund may invest up to 10% of its total assets, measured at the time of purchase, in corporate fixed-income securities. The Fund may invest up to 10% of its total assets, measured at the time of purchase, in securities of companies located outside of the United States. However, the combined total assets invested in fixed-income securities and in securities of companies located outside of the United States may not exceed 15%, measured at the time of purchase. The Fund may invest up to 5% of its total assets, measured at the time of purchase, in any one company. From time to time, the Fund may invest more than 20% of its assets in any market sector, such as the industrials sector or health care sector.
The Small Cap Value Fund may invest from time to time in cash or short-term cash equivalent securities either as part of its overall investment strategy or for temporary defensive purposes in response to adverse market, economic, political or other conditions. The amount of such holdings will vary and will depend on the Adviser’s assessment of the quantity and quality of investment opportunities that exist at any given time, and may at times be relatively high.
Brandes Investment Partners, L.P., the investment adviser (the “Adviser”), uses the principles of value investing to analyze and select securities for the Small Cap Value Fund’s investment portfolio. When buying securities, the Adviser assesses the estimated “intrinsic” value of a company based on data such as a company’s earnings, cash flow generation, and/or asset value of the underlying business. By choosing securities that are selling at a discount to the Adviser’s estimates of the underlying company’s intrinsic value, the Adviser seeks to establish an opportunity for long-term capital appreciation. The Adviser may sell a security when its price reaches the Adviser’s estimate of the underlying company’s intrinsic value, the Adviser believes that other investments are more attractive, or for other reasons.
BSCMX - Performance
Return Ranking - Trailing
| Period | BSCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.7% | -9.3% | 19.2% | 3.96% |
| 1 Yr | 26.0% | 4.8% | 39.4% | 37.53% |
| 3 Yr | 9.5%* | -14.1% | 68.8% | 5.78% |
| 5 Yr | 16.4%* | -2.6% | 52.5% | 5.64% |
| 10 Yr | N/A* | -2.8% | 27.9% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BSCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.4% | -6.0% | 33.6% | 12.04% |
| 2022 | -10.4% | -36.7% | 212.9% | 16.55% |
| 2021 | 22.1% | -62.0% | 147.6% | 43.90% |
| 2020 | 18.0% | -24.8% | 31.3% | 3.25% |
| 2019 | 11.5% | -21.7% | 34.0% | 90.55% |
Total Return Ranking - Trailing
| Period | BSCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.7% | -9.3% | 19.2% | 3.96% |
| 1 Yr | 26.0% | 4.8% | 39.4% | 37.53% |
| 3 Yr | 9.5%* | -14.1% | 68.8% | 5.78% |
| 5 Yr | 16.4%* | -2.6% | 52.5% | 5.64% |
| 10 Yr | N/A* | -2.8% | 27.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BSCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.4% | 1.8% | 35.4% | 3.47% |
| 2022 | -7.6% | -36.7% | 250.0% | 22.22% |
| 2021 | 29.3% | -3.0% | 157.9% | 60.00% |
| 2020 | 20.4% | -13.5% | 33.4% | 2.75% |
| 2019 | 12.9% | -1.5% | 34.3% | 97.38% |
NAV & Total Return History
BSCMX - Holdings
Concentration Analysis
| BSCMX | Category Low | Category High | BSCMX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.4 M | 5.95 M | 54 B | 95.61% |
| Number of Holdings | 47 | 10 | 1599 | 88.68% |
| Net Assets in Top 10 | 17.5 M | 762 K | 3.2 B | 81.99% |
| Weighting of Top 10 | 42.89% | 5.4% | 92.2% | 8.56% |
Top 10 Holdings
- Northern Institutional Treasury Premier 10.98%
- Dril-Quip Inc 4.92%
- Halliburton Co 4.09%
- Edgewell Personal Care Co 4.05%
- Netgear Inc 3.96%
- Embraer SA ADR 3.80%
- Taylor Morrison Home Corp Class A 3.61%
- Eagle Pharmaceuticals Inc 3.53%
- Moog Inc A 3.42%
- Flowserve Corp 3.31%
Asset Allocation
| Weighting | Return Low | Return High | BSCMX % Rank | |
|---|---|---|---|---|
| Stocks | 101.20% | 7.22% | 105.88% | 1.39% |
| Preferred Stocks | 0.00% | 0.00% | 1.87% | 68.13% |
| Other | 0.00% | -1.83% | 31.19% | 78.06% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 67.21% |
| Cash | 0.00% | 0.00% | 39.68% | 98.15% |
| Bonds | 0.00% | 0.00% | 79.66% | 67.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BSCMX % Rank | |
|---|---|---|---|---|
| Industrials | 34.07% | 0.65% | 48.61% | 3.07% |
| Healthcare | 15.75% | 0.00% | 25.76% | 1.42% |
| Energy | 13.35% | 0.00% | 29.42% | 10.40% |
| Financial Services | 11.16% | 0.00% | 35.71% | 90.78% |
| Technology | 8.21% | 0.00% | 34.03% | 58.16% |
| Consumer Defense | 5.48% | 0.00% | 13.22% | 23.64% |
| Consumer Cyclical | 5.25% | 0.00% | 51.62% | 98.35% |
| Real Estate | 3.65% | 0.00% | 44.41% | 74.94% |
| Utilities | 2.23% | 0.00% | 13.86% | 54.14% |
| Communication Services | 0.84% | 0.00% | 24.90% | 80.38% |
| Basic Materials | 0.00% | 0.00% | 67.30% | 99.53% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BSCMX % Rank | |
|---|---|---|---|---|
| US | 98.60% | 7.22% | 105.88% | 36.26% |
| Non US | 2.60% | 0.00% | 76.17% | 14.09% |
BSCMX - Expenses
Operational Fees
| BSCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.81% | 0.05% | 37.04% | 4.16% |
| Management Fee | 0.70% | 0.00% | 1.50% | 29.40% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 0.35% | 2.96% |
Sales Fees
| BSCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| BSCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| BSCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 90.71% | 7.00% | 252.00% | 88.06% |
BSCMX - Distributions
Dividend Yield Analysis
| BSCMX | Category Low | Category High | BSCMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.22% | 0.00% | 14.14% | 73.67% |
Dividend Distribution Analysis
| BSCMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BSCMX | Category Low | Category High | BSCMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.70% | -1.43% | 4.13% | 30.97% |
Capital Gain Distribution Analysis
| BSCMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $0.009 | OrdinaryDividend |
| Mar 28, 2024 | $0.012 | OrdinaryDividend |
| Dec 29, 2023 | $0.108 | OrdinaryDividend |
| Dec 11, 2023 | $0.002 | CapitalGainShortTerm |
| Dec 11, 2023 | $0.268 | CapitalGainLongTerm |
| Jun 30, 2023 | $0.018 | OrdinaryDividend |
| Mar 31, 2023 | $0.091 | OrdinaryDividend |
| Dec 30, 2022 | $0.162 | OrdinaryDividend |
| Dec 09, 2022 | $0.005 | CapitalGainShortTerm |
| Sep 30, 2022 | $0.012 | OrdinaryDividend |
| Jun 30, 2022 | $0.015 | OrdinaryDividend |
| Mar 31, 2022 | $0.150 | OrdinaryDividend |
| Dec 31, 2021 | $0.039 | OrdinaryDividend |
| Dec 10, 2021 | $0.506 | OrdinaryDividend |
| Sep 30, 2021 | $0.007 | OrdinaryDividend |
| Jun 30, 2021 | $0.006 | OrdinaryDividend |
| Mar 31, 2021 | $0.018 | OrdinaryDividend |
| Dec 31, 2020 | $0.142 | OrdinaryDividend |
| Mar 31, 2020 | $0.047 | OrdinaryDividend |
| Sep 30, 2019 | $0.039 | OrdinaryDividend |
| Jun 28, 2019 | $0.021 | OrdinaryDividend |
| Mar 29, 2019 | $0.041 | OrdinaryDividend |
| Dec 31, 2018 | $0.007 | OrdinaryDividend |
| Dec 07, 2018 | $0.523 | CapitalGainShortTerm |
| Dec 07, 2018 | $0.169 | CapitalGainLongTerm |
| Sep 28, 2018 | $0.017 | OrdinaryDividend |
| Jun 29, 2018 | $0.015 | OrdinaryDividend |
| Mar 29, 2018 | $0.006 | OrdinaryDividend |
BSCMX - Fund Manager Analysis
Managers
Luiz Sauerbronn
Start Date
Tenure
Tenure Rank
Jan 02, 2018
4.41
4.4%
Luiz Sauerbronn is a Senior Analyst on the Industrials Research Team and a member of the International Large-Cap and Small-Cap Investment Committees. He is also a member of the ESG Oversight Committee as well as a limited partner of the firm’s parent company. Prior to Brandes, he worked at J.P. Morgan, Banco Brascan (part of Brookfield) in Brazil, and Royal Dutch Shell. Earned his BS in economics from the Federal University of Rio de Janeiro and his MBA from Haas (UC Berkeley). His relevant experience began in 1995, and he joined Brandes in 2001.
Mark Costa
Start Date
Tenure
Tenure Rank
Jan 02, 2018
4.41
4.4%
Mark Costa, a limited partner of the firm’s parent company, is a Senior Analyst on the Industrials Team covering aerospace & defense, industrial conglomerates, and industrial machinery/engineering. He is a member of the Small-Cap Investment Committee, where he also serves as a Product Coordinator. He graduated with a BS in finance with distinction from San Diego State University. His relevant experience began in 2000 when he joined Brandes.
Yingbin Chen
Start Date
Tenure
Tenure Rank
Jan 02, 2018
4.41
4.4%
Yingbin Chen, a limited partner of the firm’s parent company, is a Senior Analyst on the Technology Research Team and a member of the Small-Cap and All-Cap Investment Committees. Before Brandes, She worked for a major U.S. money center bank as a Technology Officer and a major U.S. technology company as a Technology Consultant. She earned her IMBA with high honors at University of Chicago Booth School of Business and MS in electrical engineering from Johns Hopkins University. Her experience began in 2001 when she joined Brandes
Bryan Barrett
Start Date
Tenure
Tenure Rank
Feb 10, 2021
1.3
1.3%
Bryan Barrett, a limited partner of the firm’s parent company, is a Senior Analyst on the Industrials and Financial Institutions Research Teams covering global capital goods and commercial services companies, as well as global banks, insurance, holding companies and capital markets firms. He is also a member of the Small-Cap Investment Committee, the Brandes Institute Advisory Board, and the ESG Oversight Committee. He earned a BA in economics and a BA in philosophy (with honors) from USC. His relevant experience began in 2008 when he joined Brandes.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.22 | 3.58 |
