At a glance
BINV charges 0.7% a year. It has $490.1M in assets; it paid 2.2% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +15.1% with distributions reinvested (S&P 500: +11.5%); over three years it returned +24.2% a year. Its ten largest positions make up 23.0% of the fund, out of 66 in all.
The short version
Brandes International ETF (BINV) is an actively managed ETF, meaning managers pick stocks rather than track an index, holding 66 large foreign companies such as Sanofi, SAP and Takeda as of June 30, 2026. Brandes Investment Partners uses a value approach, buying companies it judges to trade below their underlying worth, and trades rarely. The trade-off is a 0.7% annual expense ratio and the risk that value stocks lag for long stretches.
Price history
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BINV +15.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BINV official prospectus, to Dec 31, 2025 | — | +37.61% | — | — | — | +26.18% |
| BINV price data to Oct 27, 2026 | +12.0% | +15.1% | +24.2% | — | — | +22.7% |
- Over the year to Oct 27, 2026, BINV returned +15.1%.
- Its worst full calendar year was 2024 (+7.7%); its best was 2025 (+37.8%).
- The deepest fall in its price history was 14.9% (Mar 19, 2025 to Apr 8, 2025), recovered by May 12, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.0% | — |
| 2025 | +37.8% | +37.61% |
| 2024 | +7.7% | +7.68% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7240 | |
| 2025 | $0.8900 | +23.6% |
| 2024 | $0.7200 |
What's inside
As of Jun 30, 2026, the fund held 66 securities; the ten largest made up 22.97% of assets.
| Holding | Weight | |
|---|---|---|
| SANOFI SA | 3.10% | |
| SAP SE | 2.58% | |
| TAKEDA PHARMACEUTICAL COMPANY LTD | 2.35% | |
| ALIBABA GROUP HOLDING LTD | 2.34% | |
| HENKEL AG & CO. KGAA | 2.33% | |
| WAL-MART DE MEXICO SAB DE CV (WAL-MART DE MEXICO SA DE CV) | 2.29% | |
| COMPAGNIE FINANCIERE RICHEMONT SA | 2.10% | |
| HEINEKEN HOLDING NV | 2.06% | |
| RECKITT BENCKISER GROUP PLC | 1.92% | |
| DSM FIRMENICH AG | 1.91% | |
| ASTELLAS PHARMA INC | 1.90% | |
| KONINKLIJKE PHILIPS NV | 1.89% | |
| FIBRA UNO ADMINISTRACION SA DE CV | 1.86% | |
| FRESENIUS MEDICAL CARE AG | 1.86% | |
| BNP PARIBAS SA | 1.84% |
By country
France 16.14%United Kingdom 13.43%Japan 11.44%Switzerland 9.2%Germany 8.42%By asset type
Stocks 98.67%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $17.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +3.78%, +1.59%, -1.24%.
How it works
BINV does not track an index. Brandes Investment Partners, the fund's advisor, picks stocks using value investing. It estimates each company's "intrinsic" value, meaning what the business is worth based on its earnings, cash flow or assets. Then it looks for shares priced at a discount to that estimate. The advisor may exit a position when the price reaches its estimate, or when it sees more attractive opportunities.
The fund mainly holds stocks of foreign companies worth more than $5 billion when purchased. That includes ADRs (American Depositary Receipts), which are US-traded certificates representing foreign shares. It must invest in at least three countries outside the US. It can put up to 30% in emerging and frontier markets and up to 5% in any one company, both measured at purchase. Each country is capped at the greater of 20% of assets or 150% of that country's weight in the MSCI EAFE Index, a common benchmark of developed markets outside North America. So large country bets are possible. A single sector, such as consumer staples, can exceed 20%.
As of June 30, 2026, the fund held 66 stocks. The top 10 made up about 23% of assets, cash was under 1% and there were no derivatives. There is no fixed rebalancing schedule. Cash holdings can grow when the advisor finds few bargains. Portfolio turnover was 2%, per the prospectus filed October 28, 2026, which points to long holding periods.
What it really costs
- BINV charges 0.7% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $72 in the first year and $871 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BINV | $72 | $224 | $390 | $871 |
In a retirement portfolio
It adds large foreign companies, picked for value, to portfolios that are usually weighted toward US stocks.
BINV could add value-oriented foreign stocks to a portfolio built mostly on US shares. Its record is short. It launched October 3, 2023, so it missed the 2008, 2020 and 2022 sell-offs. Its weakest full calendar year was 2024, still a 7.68% gain. Its deepest drop was 14.9%, from March 19 to April 8, 2025. It recovered by May 12, 2025, about a month later. That is a mild test. Someone who may need to draw cash in a bad year could face much deeper losses in a real bear market. The trailing 12-month yield was 2.2% as of October 27, 2026, paid quarterly. Costs are 0.70% a year, or $871 over 10 years on $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking large foreign companies picked on value, with heavy weights in France, the UK and Japan as of June 30, 2026.
- Patient holders comfortable with active management and little trading; portfolio turnover was 2%, per the October 28, 2026 prospectus.
- Those wanting some quarterly income from international stocks; the trailing yield was 2.2% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: the 0.70% expense ratio adds up to $871 over 10 years on $10,000 in the SEC's standard example.
- Anyone wanting a long track record; the fund launched in October 2023 and hasn't been through a full bear market.
- Investors seeking broad, index-like foreign exposure: it holds 66 stocks and can own far more of one country than the MSCI EAFE Index does.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Does BINV pay dividends?
Yes. BINV pays dividends quarterly. Over the 12 months to October 27, 2026, it paid about $0.974 per share, a trailing yield of 2.2%. The income comes from dividends paid by the foreign companies it holds, such as Sanofi, SAP and Takeda. Payouts can change from quarter to quarter as those companies change their dividends and as exchange rates move against the dollar.
What is the BINV expense ratio?
BINV's expense ratio is 0.70% a year, according to the prospectus filed October 28, 2026. All of it is the management fee, and there is no fee waiver. In the SEC's standard example, with $10,000 invested, a 5% annual return and shares cashed out at the end of each period, costs total $72 after one year, $224 after three years, $390 after five years and $871 after 10 years.
What are BINV's top holdings?
As of June 30, 2026, BINV's largest holdings were Sanofi (3.1%), SAP (2.6%), Takeda Pharmaceutical (2.3%), Alibaba (2.3%) and Henkel (2.3%). Wal-Mart de Mexico, Richemont, Heineken Holding, Reckitt Benckiser and DSM-Firmenich rounded out the top 10. Together, the top 10 made up about 23% of the fund's 66 stocks. France (16%), the UK (13%) and Japan (11%) were the largest country weights.
How has BINV performed since it launched?
BINV returned 7.68% in 2024 and 37.61% in 2025, per its prospectus. That works out to a 26.18% average annual return from its October 3, 2023 launch through December 31, 2025. Based on price, it was up about 12% for 2026 through October 27. The record covers only about three years, and it doesn't include a major bear market, so these returns say little about how the fund might hold up in a long downturn.
Is BINV an index fund?
No. BINV is actively managed by Brandes Investment Partners, which picks stocks it believes trade below their intrinsic value, based on earnings, cash flow or assets. The fund uses the MSCI EAFE Index only to set country limits. It can hold the greater of 20% or 150% of a country's EAFE weight. As a result, its holdings and returns can differ a lot from an index fund's.