Brandes Investment Partners, LP

Brandes Investment Partners charges a percentage of your portfolio's value each year. The specific rate depends on the investment strategy and the amount you invest. Fees are typically billed quarterly. The firm may negotiate fees with some clients. Here are some examples of their standard fees:

Equity Strategies:

• Global Balanced, Global Strategic Equity, U.S. Value Equity:

  • First $25 million: 0.65%
  • Next $25 million: 0.55%
  • Next $50 million: 0.45%
  • Next $50 million: 0.40%
  • Over $150 million: 0.35%

• European Equity, Global Equity, Global Equity Income, International Equity:

  • First $25 million: 0.75%
  • Next $25 million: 0.60%
  • Next $50 million: 0.50%
  • Next $50 million: 0.45%
  • Over $150 million: 0.40%

• Emerging Markets Equity, Emerging Markets Value Equity, Emerging Markets (ex-China) Equity:

  • First $25 million: 0.90%
  • Next $25 million: 0.80%
  • Next $50 million: 0.75%
  • Next $50 million: 0.70%
  • Over $150 million: 0.60%

• Asia Pacific (ex-Japan) Equity, Global Opportunities Value, Global Small-Mid Cap Equity, Global Small Cap Equity, International Small-Mid Cap Equity, International Small Cap Equity:

  • First $25 million: 0.95%
  • Next $25 million: 0.90%
  • Over $50 million: 0.80%

• Japan Equity, U.S. Small-Mid Cap Value Equity, U.S. Small Cap Value Equity:

  • First $25 million: 0.95%
  • Next $25 million: 0.90%
  • Next $100 million: 0.80%
  • Over $150 million: 0.70%

Fixed Income Strategies:

• Core Plus Fixed Income:

  • First $20 million: 0.29%
  • Next $30 million: 0.25%
  • Next $50 million: 0.20%
  • Next $150 million: 0.175%
  • Over $250 million: 0.15%

• Corporate Focus Fixed Income:

  • First $20 million: 0.40%
  • Next $30 million: 0.30%
  • Over $50 million: 0.25%

• Enhanced Fixed Income:

  • First $25 million: 0.42%
  • Next $25 million: 0.35%
  • Over $50 million: 0.30%