Brandes International Equity Fund

Datum One Series Trust · 4 share classes

Actively managed developed international equity fund
One fund, 4 share classes:BIECXBIIEXBIERXBIEAX
$2.61B NAV
70 positions · as of 2026-06-30 · filed 2026-08-26

Fund classification

Classified from what the fund holds · as of 2026 Q2

Brandes International Equity Fund is an actively managed developed international equity fund.

Asset class
Equity
Region
Developed international
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2025 Q3

The Brandes International Equity Fund (the International Equity Fund or Fund) seeks long term capital appreciation.

Strategy · summarised

The fund applies value investing principles to select equity securities of foreign companies with market capitalizations exceeding $5 billion, buying those trading at discounts to the adviser's estimates of intrinsic value based on earnings, cash flow, and asset value. The fund maintains at least 80% of assets in equities across at least three countries outside the United States, with up to 30% in emerging markets and up to 5% in any single company. Because security selection depends on the adviser's valuation estimates, performance will diverge from any benchmark. The fund may hold significant cash positions or concentrate meaningfully in particular countries or sectors based on the adviser's assessment of opportunity.

Expenses
0.76% 1.79%across 4 share classes
Share classGrossNet
BIECX1.79%1.79%
BIIEX0.89%0.86%
BIERX0.86%0.76%
BIEAX1.11%1.11%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 17.03% · as of 2025 Q3

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

101.12%
of net assets
Stocks98.28%
Cash & short-term2.84%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
International82.5%
Health Care7.2%
Industrials3.7%
Cash2.8%
2 smaller3.7%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 5 new6 exited

New: CNH, ESSITY AB, KERRY GRP. PLC, NETTF, BEIERSDORF AG NPV

Exited: STMICROELECTRONICS NV, TOTALENERGIES SE, SMC CORP, INFINEON TECHS. AG, NUTRIEN LTD, HYUNDAI MOBIS CO LTD

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+27.53%12.19%
+28.67%12.20%
+28.75%12.22%
+28.44%12.20%

These classes hold the same portfolio, so the 1.23pp spread over 1 year is the cost difference between them — roughly 1.23pp a year — not a difference in what they own.

Cumulative return· Jul 2024 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
SANOFI SASNYNF3.12%$81.65M
NI TREASURY PORTFOLIONTPXX2.84%$74.20M
SAP SESAPGF2.59%$67.67M
ALIBABA GRP. HLDG. LTDBABAF2.38%$62.27M
TAKEDA PHARM. CO LTDTKPHF2.38%$62.23M
HENKEL AG KGAA2.28%$59.59M
WAL-MART DE MEXICO SAB DEWMMVF2.25%$58.86M
HEINEKEN HLDG. NVHKHHF2.00%$52.40M
The SWATCH GRP. AGSWGNF1.98%$51.63M
RECKITT BENCKISER GRP. PLRBGPF1.92%$50.10M
Showing 10 of 70Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 23.74% of net assets, top 25 50.78%, across 69 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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