BINV
Brandes International ETF
BINV is an actively manage ETF investing in equity securities of companies who perform their business activities outside the US. The fund seeks securities that are perceived to be undervalued.
Global
EQUITY
Active
MANAGEMENT STYLE
133.4 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Brandes |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 03, 2023 |
| Assets (mns) | $133 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAKEDA PHARMACEUTICAL CO LTD | 3.2 % |
| ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 2.8 % |
| SANOFI-AVENTIS | 2.7 % |
| SAP AG-SPONSORED ADR | 2.5 % |
| HEINEKEN HOLDING NV | 2.5 % |
| UBS GROUP AG | 2.4 % |
| SWATCH GROUP LTD. REGISTERED | 2.4 % |
| HENKEL AG & CO KGAA | 2.3 % |
| INTESA SANPAOLO S.P.A. | 2.3 % |
| BNP PARIBAS-ADR | 2.2 % |
Constituent Breakdown
| Number of holdings | 67 |
| Herfindahl-Hirschman Index | 183 |
| Wgt avg mkt cap (mns) | $58,203 |
| Large cap (>$10bn) | 79.9% |
| Mid cap ($2-10bn) | 17.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 85.3% |
| Emerging mkts. | 14.7% |
Country Exposure
 |
BRITAIN | 19.6 % |
 |
FRANCE | 16.8 % |
 |
JAPAN | 12.2 % |
 |
GERMANY | 10.8 % |
 |
SWITZERLAND | 8.0 % |
 |
BRAZIL | 6.2 % |
 |
NETHERLANDS | 4.6 % |
 |
ITALY | 4.5 % |
 |
CHINA | 2.8 % |
 |
MEXICO | 2.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.2% | -- | -- | -- | -- | -- | 26.2% | Volatility | 12.4% | 12.5% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $7,183 |
Technical Indicators
| Recent close | $30.31 |
| 30d moving avg. | $32.16 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BINV |
Expenses vs. BINV |
ALTAR Score™ vs. BINV |
|---|---|---|---|---|
| DMDV | AAM S&P Developed Markets High Dividend Value ETF | 18.2% | -31 bp | +3.6% |
| IDOG | ALPS International Sector Dividend Dogs ETF | 15.8% | -20 bp | +4.3% |
| ICOW | Pacer Developed Markets International Cash Cows 100 ETF | 14.7% | -5 bp | +4.2% |
| IVLU | iShares MSCI Intl Value Factor ETF | 14.4% | -40 bp | +3.0% |
| DFIV | Dimensional International Value ETF | 12.8% | -43 bp | +1.5% |
| UIVM | VictoryShares International Value Momentum ETF | 12.3% | -35 bp | +2.5% |
| FIVA | Fidelity International Value Factor ETF | 12.1% | -52 bp | +1.7% |
| JHID | John Hancock International High Dividend ETF | 11.9% | -24 bp | +2.8% |
| VWID | Virtus WMC International Dividend ETF | 11.3% | -21 bp | +1.0% |
| CID | VictoryShares International High Div Volatility Wtd ETF | 11.3% | -25 bp | +2.0% |
Risk and Returns: BINV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BINV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
BINV
8.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. BINV's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places BINV in the 83rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BINVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| BINV (70 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BINV | 70.0 | 0.0 | 70 |
| Peer Avg. | 66.9 | 30.0 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .