Brandes: Your Value-Investing Specialists Brandes Investment Partners, L.P. (“Brandes”) is a leading investment advisory firm, managing equity and fixed-income assets for institutional and private clients worldwide, including employee benefit plans, foundations, endowments, corporations and Taft-Hartley Plans. Since the firm’s inception in 1974, Brandes has consistently applied the value-investing approach, pioneered by Benjamin Graham, to security selection. The firm believes a consistent application of its value philosophy is a key driver in helping clients pursue favorable long-term results. Headquartered in San Diego, Brandes and its related entities have offices in Milwaukee, Toronto, Dublin and Singapore. To read our Social Media Code of Conduct visit: www.brandes.com/smccr MUTUAL FUNDS Investors should carefully consider the investment objectives, risks, charges and expenses of the funds before investing. U.S. investors only: To obtain a prospectus containing this and other important information, please call 800.395.3807 or visit BrandesFunds.com to view or download a prospectus. Read the prospectus carefully before you invest. There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results. You cannot invest directly in an index. There are risks associated with investing, including possible loss of principal. Foreign investing involves currency, political and economic risk. Funds focusing on a single country, sector and/or funds that emphasize investments in smaller companies may experience greater price volatility. Investments in emerging markets, real estate, currency, fixed income and alternative investments include additional risks. Due to investment strategy certain funds may make higher capital gain distributions than other ETFs. Please see prospectus for discussion of risks. The Brandes Funds are distributed by ALPS Distributors, Inc.