Brandes International Small Cap Equity Fund Class A (BISAX)

Overview

The fund specializes in investing a significant portion of its assets in equity securities of small market capitalization companies that are based in various countries outside of the United States. It adheres to a specific investment strategy that involves dedicating at least 80% of its net assets, as determined at the time of purchase, to such investments. In defining small market capitalization companies, the fund has set a threshold, considering companies with a market capitalization of $5 billion or less at the time of purchase. Recognizing the potential growth and diversity in emerging markets, the fund allocates up to 30% of its total assets to companies situated in these territories, which includes frontier markets as well. This strategic allocation allows the fund to capture growth across different geographies while focusing on small-cap entities that offer potential for significant returns.

Products and Services

The fund offers a focused investment product designed to provide investors with exposure to small market capitalization companies located outside the United States. Below is a detailed description of its primary investment offerings:

• Equity Securities Investment: The core offering involves investing in equity securities of small market capitalization companies. These investments are primarily in businesses that are situated in at least three countries outside the United States, ensuring a diversified portfolio that spreads risk across different economies and sectors.
• Emerging and Frontier Markets Exposure: A significant portion of the fund's strategy includes investing up to 30% of its total assets in companies located in emerging markets, which may also include frontier markets. This exposure aims to capitalize on the growth potential of these regions, offering a higher reward prospect in exchange for the increased risk associated with these markets.