Brandes International Small Cap Equity Fund (BISAX)

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Brandes International Small Cap Equity Fund (BISAX) is down 1.3% since the beginning of the year. BISAX is currently trading at $26 per share. Investors who bought $1,000 worth of BISAX shares 5 years ago would now be looking at an investment worth $2,190.

Brandes International Small Cap Equity Fund (BISAX) has returned -1.31% so far this year and 10.95% over the past 12 months. Over the last ten years, BISAX has returned 10.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Feb 1, 2012, BISAX's average daily return is +0.04%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +17.9%, while the worst month was Mar 2020 at -19.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BISAX closed higher 52% of trading days. The best single day was Jun 8, 2020 with a return of +6.2%, while the worst single day was Mar 12, 2020 at -10.0%.

Brandes International Small Cap Equity Fund has an annualized alpha of 3.54%, beta of 0.56, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since February 01, 2012.

• This fund participated in 77.93% of S&P 500 Index downside but only 75.07% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.56 may look defensive, but with R2 of 0.49 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.49 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

BISAX has a high expense ratio of 1.36%, indicating above-average management fees.

BISAX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Brandes International Small Cap Equity Fund provided a 3.27% dividend yield over the last twelve months, with an annual payout of $0.84 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Brandes International Small Cap Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Brandes International Small Cap Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Brandes International Small Cap Equity Fund was 47.30%, occurring on Mar 20, 2020. Recovery took 278 trading sessions.

The current Brandes International Small Cap Equity Fund drawdown is 9.45%.

The chart below shows the rolling one-month volatility.