Brandes International Equity Fund
BIECX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
- The Northern Trust Company Chicago IL United States of America 60603
- IPO Date
- Jan 31, 2013
- CIK
- 0000926678
- Website
- brandes.com
- Similar Companies
- Business
- Brandes International Equity Fund (BIECX) is an open-end mutual fund managed by Brandes Investment Partners, L.P., that seeks long-term capital appreciation through a value-oriented investment strategy focused on equity securities of non-U.S. issuers trading below their estimated intrinsic value relative to financial strength and upside potential. The fund primarily invests in large-cap foreign companies across developed and emerging markets, employing a disciplined bottom-up approach with flexibility to include issuers not in its benchmark, such as those in emerging markets; it typically holds 35-85 larger non-North American companies with market capitalizations generally exceeding $5 billion, spanning sectors like pharmaceuticals, consumer goods, technology hardware, oil and gas, luxury goods, and semiconductors, with top holdings including Alibaba Group Holding Ltd, Samsung Electronics Co Ltd, Sanofi SA, GSK PLC, and Takeda Pharmaceutical Co Ltd as of September 30, 2025. Available in multiple share classes including Class C (BIECX, with a net expense ratio of 1.79% and a 1.00% deferred sales charge on redemptions within one year), the fund pays quarterly dividends and had total net assets of approximately $1.9 billion as of September 30, 2025. Brandes Investment Partners, L.P., founded in 1974 and headquartered in San Diego, California, with additional offices in Milwaukee, Toronto, Dublin, and Singapore, manages the fund through its International Large-Cap Investment Committee, comprising experienced professionals such as Brent V. Woods (30 years with the firm), Amelia Morris (27 years), Jeffrey Germain (24 years), Luiz G. Sauerbronn (24 years), and Shingo Omura (20 years); the firm, which is 100% employee-owned and oversees $40.3 billion in total assets ($36.9 billion AUM), applies Benjamin Graham-inspired value investing principles across global equity and fixed-income strategies for institutional and private clients worldwide, including employee benefit plans, foundations, endowments, corporations, and Taft-Hartley plans. In recent developments, Brandes Investment Partners celebrated its 50-year anniversary in 2024 and partnered with Equity Trustees in July 2025 to launch the Brandes Global Value Fund in Australia, with Equity Trustees serving as Responsible Entity to expand the firm's presence in the Australian wealth market; the firm was recognized in December 2025 by Pensions & Investments as one of the Best Places to Work in Money Management for 2025 and by Investor's Business Daily's Best Mutual Funds Awards 2025 for strong performance of four funds, including the Brandes International Equity I share class in the Best International Stock Fund category over one-, three-, five-, and 10-year periods ending December 31, 2024. The fund itself, incepted on January 2, 1997, maintains a portfolio turnover aligned with its long-term focus, with recent characteristics showing a price-to-book ratio of 1.4x, price-to-earnings of 16.3x, dividend yield of 3.9%, and active share of 88.5% versus the MSCI EAFE Index as of September 30, 2025. Geographically, the fund allocates across regions including Europe (e.g., France, UK, Netherlands, Switzerland), Asia Pacific (e.g., China, South Korea, Japan), and emerging markets like Brazil (23% exposure), targeting investors seeking foreign large value equity exposure domiciled in the United States.