Brandes International Equity Fund
BIEAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Brandes Investment Partners, L.P. DE United States of America
- IPO Date
- Jan 31, 2011
- CIK
- 0000926678
- Website
- brandes.com
- Similar Companies
- Business
- Brandes International Equity Fund (BIEAX) is an open-end mutual fund that seeks long-term capital appreciation through a disciplined, bottom-up value investing approach, primarily in equity securities of non-U.S. issuers deemed undervalued relative to their intrinsic value, financial strength, and upside potential; the portfolio typically holds 35-85 large-cap stocks, with flexibility to invest across developed and emerging markets unconstrained by benchmarks such as the MSCI EAFE Index, including allocations to sectors like pharmaceuticals, technology hardware, broadline retail, oil and gas, luxury goods, beverages, and semiconductors. Key characteristics include a price-to-book ratio of 1.4x, price-to-earnings of 16.3x, dividend yield of 3.9%, 65 holdings, and total net assets of approximately $1.9 billion as of September 30, 2025. Top holdings as of that date feature Alibaba Group Holding Ltd (3.6%, China), Samsung Electronics Co Ltd (2.8%, South Korea), Sanofi SA (2.7%, France), GSK PLC (2.4%, United Kingdom), and Takeda Pharmaceutical Co Ltd (2.4%, Japan), representing 25.1% of the fund, with geographic diversification across Europe (approximately 50%), Japan (20%), emerging markets (23%), and other regions. The fund, with Class A shares carrying a net expense ratio of 1.11%, a 5.75% front-end load, quarterly dividends, and daily pricing, targets institutional and retail investors seeking foreign large value exposure, categorized under Morningstar's Foreign Large Value classification. It is managed by the International Large-Cap Investment Committee of Brandes Investment Partners L.P., including Brent V. Woods (30 years at firm), Amelia Morris (27 years), Jeffrey Germain (24 years), Shingo Omura (20 years), and Luiz G. Sauerbronn (24 years), applying Brandes' proprietary Graham-inspired value philosophy honed over 50 years. Incepted on January 2, 1997, the fund operates from the United States and forms part of Brandes Investment Partners L.P.'s suite of strategies, with the parent firm founded in 1974 and headquartered in San Diego, California; Brandes, a 100% employee-owned boutique investment advisory firm with $40.3 billion in assets under management/administration, maintains global offices in Dublin, Milwaukee, Singapore, and Toronto. Recent major developments include Brandes' expansion into Australia in July 2025 via the launch of the Brandes Global Value Fund, partnering with Equity Trustees as responsible entity and Northern Trust for custody and administration services, building on a 30+ year relationship that encompassed the 2024 conversion of seven U.S. mutual funds into the Northern Trust Datum One Series Trust. In December 2025, Brandes earned recognition as one of Pensions & Investments' Best Places to Work in Money Management, amid internal enhancements like a new director of research role and addition of three limited partners in 2024 to support succession planning.