- ISIN
- US2382107777
- CUSIP
- 105262737
- Issuer
- Brandes
- Inception Date
- Feb 1, 2012
- Category
- Foreign Small & Mid Cap Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BISMX Performance Chart
Brandes International Small Cap Equity Fund Class I (BISMX) is up 8.9% since the beginning of the year. BISMX is currently trading at $28 per share. Investors who bought $1,000 worth of BISMX shares 5 years ago would now be looking at an investment worth $2,421.
Loading charts...
Compare this symbol against anything
Returns By Period
Brandes International Small Cap Equity Fund Class I (BISMX) has returned 8.94% so far this year and 14.49% over the past 12 months. Over the last ten years, BISMX has returned 11.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.47% annually.
Brandes International Small Cap Equity Fund Class I
- 1D
- 0.97%
- 1M
- 7.29%
- 6M
- 3.31%
- YTD
- 8.94%
- 1Y
- 14.49%
- 3Y*
- 28.90%
- 5Y*
- 19.34%
- 10Y*
- 11.87%
- ALL TIME*
- 11.53%
Benchmark (S&P 500 Index)
- 1D
- -0.17%
- 1M
- 2.47%
- 6M
- 12.22%
- YTD
- 12.83%
- 1Y
- 22.61%
- 3Y*
- 19.93%
- 5Y*
- 11.73%
- 10Y*
- 13.47%
- ALL TIME*
- 8.14%
BISMX Monthly Returns History
Based on dividend-adjusted daily data since Feb 3, 2012, BISMX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +18.0%, while the worst month was Mar 2020 at -18.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BISMX closed higher 52% of trading days. The best single day was Jun 8, 2020 with a return of +6.1%, while the worst single day was Mar 12, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.42% | 3.54% | -8.35% | 2.81% | -0.19% | -3.84% | 9.60% | 1.66% | 8.94% | ||||
| 2025 | 3.65% | 4.15% | 2.34% | 5.40% | 8.26% | 7.39% | 1.89% | 1.78% | 0.76% | -0.15% | 1.12% | 2.10% | 45.81% |
| 2024 | -1.67% | 1.57% | 8.87% | -0.00% | 9.45% | -2.56% | 4.66% | 2.30% | 2.49% | -3.08% | 0.79% | -0.70% | 23.44% |
| 2023 | 10.66% | 0.47% | 2.18% | 2.21% | -2.16% | 4.73% | 6.79% | 0.28% | -3.55% | -2.43% | 9.17% | 6.40% | 39.27% |
| 2022 | -1.44% | -1.16% | -3.72% | -5.62% | 0.09% | -7.60% | 5.58% | -2.73% | -10.60% | 6.31% | 12.17% | 2.12% | -8.48% |
| 2021 | 0.61% | 5.46% | 6.06% | 3.80% | 5.15% | 0.31% | -1.28% | 4.69% | -2.70% | -1.06% | -7.46% | 4.54% | 18.58% |
Benchmark Metrics
Brandes International Small Cap Equity Fund Class I has an annualized alpha of 4.38%, beta of 0.55, and R2 of 0.49 versus S&P 500 Index. Calculated based on daily prices since February 03, 2012.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.73%) than losses (73.63%) - typical of diversified or defensive assets.
- Beta of 0.55 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.
- Alpha
- 4.38%
- Beta
- 0.55
- R²
- 0.49
- Upside Capture
- 75.73%
- Downside Capture
- 73.63%
Expense Ratio
BISMX has a high expense ratio of 1.11%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BISMX ranks 25 for risk / return — above 25% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class I (BISMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BISMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.50 | -1.23 |
| Martin ratioReturn relative to average drawdown | 2.94 | 10.58 | -7.64 |
Dividends
Dividend History
Brandes International Small Cap Equity Fund Class I provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.98 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.98 | $0.88 | $0.60 | $0.46 | $0.48 | $0.45 | $0.11 | $0.09 | $0.43 | $1.15 | $0.55 | $0.47 |
Dividend yield | 3.49% | 3.34% | 3.22% | 2.93% | 4.16% | 3.45% | 0.92% | 0.82% | 4.10% | 8.51% | 4.16% | 3.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Brandes International Small Cap Equity Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.44 | ||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.47 | $0.88 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.31 | $0.60 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.25 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.33 | $0.45 |
Drawdowns
Drawdowns Chart
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Brandes International Small Cap Equity Fund Class I. 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 Class I was 47.07%, occurring on Mar 20, 2020. Recovery took 275 trading sessions.
The current Brandes International Small Cap Equity Fund Class I drawdown is 0.05%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-47.07%Mar 2020 | 2y 1mo | 1y 1mo | 3y 2moJan 2018 - Apr 2021 | COVID crash2020 |
-31.26%Oct 2022 | 1y 1mo | 8mo 4d | 1y 9moSep 2021 - Jun 2023 | Bear market2022 |
-15.45%Dec 2014 | 5mo 12d | 1y 5mo | 1y 11moJul 2014 - Jun 2016 | — |
-13.40%Jun 2012 | 1mo 29d | 3mo 14d | 5mo 13dApr 2012 - Sep 2012 | — |
-11.61%Mar 2026 | 25d | — | 5mo 14dFeb 2026 - now | — |
Drawdown Indicators
| BISMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -56.78% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -9.10% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -18.90% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -25.43% | -5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -33.92% | -13.15% |
Current DrawdownCurrent decline from peak | -0.05% | -0.17% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -10.69% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 2.14% | +2.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BISMX
Add Brandes International Small Cap Equity Fund Class I to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BISMX