Brandes - EMEA - Brandes Emerging Markets Value Fund

Brandes Emerging Markets Value Fund

Long-term capital appreciation by investing in equity and equity related securities of issuers located or active mainly in emerging markets whose equity market capitalisations exceed US$3 billion at the time of purchase.

Put the World’s Engines of Wealth Creation to Work in Your Portfolio

  • Fund Objective — Long-term capital appreciation by investing in equity and equity related securities of issuers located or active mainly in emerging markets whose equity market capitalizations exceed $3 billion at the time of purchase.
  • Investment Approach — Brandes Investment Partners is a bottom-up, value-oriented global equity and fixed income manager.  Brandes believes that a strategy of buying businesses at a discount to the firm's estimate of their true value has the potential to produce competitive long-term results.

Share Class Identifiers

  • Share Class
  • Class I USD
  • Class I EUR
  • Class I GBP
  • Class I1 USD
  • Class I1 GBP
  • Class A USD
  • Class A EUR
  • Class A GBP
  • Class A1 USD
  • Class S USD
  • Class S EUR
  • Class S GBP
  • ISIN
  • IE00B6SMR972
  • IE00B4P97428
  • IE00B63F0G99
  • IE00BYWTYR74
  • IE00B6TS4266
  • IE00B6TRNJ36
  • IE00B6RNXY80
  • IE00B6S5CV37
  • IE00BYWTYQ67
  • IE00BYWGLB15
  • IE00BYWGLC22
  • IE00BYWGLD39
  • CUSIP
  • G1309T428
  • G1309T444
  • G1309T402
  • G1309T725
  • G1309T451
  • G1309T410
  • G1309T394
  • G1309T436
  • G1309T717
  • G1309T782
  • G1309T790
  • G1309T865
  • Sedol
  • B6SMR97
  • B4P9742
  • B63F0G9
  • BYWTYR7
  • B6TS426
  • B6TRNJ3
  • B6RNXY8
  • B6S5CV3
  • BYWTYQ6
  • BYWGLB1
  • BYWGLC2
  • BYWGLD3
  • Bloomberg
  • BREMEIU
  • BREMEIE
  • BREMEIS
  • BREMI1U
  • BREMI1S
  • BREMEAU
  • BREMEAE
  • BREMEAS
  • BREMA1U
  • BRANMUS
  • BRANMES
  • BRANMGS
  • Lipper
  • 68132230
  • 68132231
  • 68132232
  • 68438466
  • 68132233
  • 68132234
  • 68132235
  • 68132236
  • 68438465
  • 68529308
  • 68529309
  • 68529310
  • Inception Date
  • 10/05/2012
  • 30/01/2014
  • N/A
  • N/A
  • N/A
  • 27/02/2013
  • 11/01/2013
  • N/A
  • N/A
  • N/A
  • N/A
  • N/A

Expand Your Exposure with Confidence

  • Value Opportunities — Contrary to perception, value investing has outperformed growth investing over the long-term in emerging markets2.
  • Experience — Brandes is one of the pioneers in emerging- markets value investing, pursuing opportunities in EM for over 30 years as a firm and over 18 years as a standalone strategy.
  • Active, Company Focused Approach — Our focus on individual companies that may be mispriced helps us take advantage of long-term value opportunities in the diverse and expanding emerging markets arena.
  • Flexibility to Invest Off-Index — We search for EM opportunities anywhere, where appropriate and undervalued, including frontier markets and companies in developed markets largely tied to emerging markets.


IMF Data Mapper "World Economic Outlook" April 2018.

Sources: Worldscope via FactSet, The Brandes Institute, as of 6/30/2016. Using data from 1980 to 2016, the study showed that over the long term, a value premium was evident across regions. The emerging markets sample consisted of publicly traded companies domiciled in countries not categorized as developed countries (excluding the smallest 50% of companies). Stocks were first divided into 10 deciles based on price-to-book. Aggregate performance of each decile was tracked over the next five years. This process was then repeated each year. For emerging markets stocks decile 10 value stocks outperformed decile 1 glamour stocks by an average annualized rolling five-year return of 13.59% as measured by their price-to-book ratios. Past performance is not a guarantee of future results.


Partner with a Pioneer in Emerging Markets Value Investing

  • Experienced Professionals — The Investment Committee is composed of experienced professionals who have navigated through many market cycles.
  • Commitment to Transparent, Easy to Understand Investment Process — The Fund consistently applies a Graham & Dodd, value investing approach centered on a research-driven process of purchasing potentially undervalued companies with the goal of capturing future price appreciation.
  • Independent Point of View — Brandes Investment Partners, L.P. is a 100% employee owned firm and its strategies are unhindered by sales quotas or any outside influence that may impede the firm’s pursuit of investment management excellence.
Fund Facts as of 31 August 2019

Top 10 Holdings

  • CompanyFund (%)
  • China Mobile Ltd3.67
  • Embraer SA3.51
  • Fibra Uno Administracion SA de CV3.15
  • Cemex SAB de CV2.82
  • KT&G Corp2.62
  • Dongfeng Motor Group Co Ltd2.50
  • Sberbank of Russia PJSC2.11
  • Hyundai Mobis Co Ltd2.07
  • POSCO2.05
  • Hyundai Motor Co2.02

Fundamentals

  • Holdings70
  • Avg. Market Cap (Millions)$28,670
  • Price/Book0.9
  • Price/Earnings8.7
  • Price/Cash Flow5.4
  • ROE10.4 %
  • Cash3.3 %

Sector Allocation

  • Sector Fund (%)
  • Consumer Discretionary17.59
  • Financials17.05
  • Communication Services15.09
  • Industrials8.47
  • Real Estate7.91
  • Information Technology7.79
  • Energy5.82
  • Consumer Staples5.80
  • Materials4.88
  • Health Care4.05

Top 10 Countries

  • Country Fund (%)
  • China 16.41
  • South Korea 15.00
  • Brazil 12.50
  • Mexico 10.93
  • Russia 7.54
  • Indonesia 4.00
  • Thailand 3.37
  • Hong Kong 2.94
  • Taiwan 2.82
  • United Kingdom 2.49

Fund Performance (Brandes Emerging Markets Value Fund I USD -- ISIN: IE00B6SMR972)

(As of 30 August 2019)
  • Fund
  • EM I USD
  • MSCI EM USD*
  • NAV
  • $12.02
  • 1 Mo
  • -5.28%
  • -4.88%
  • 3 Mo
  • -0.33%
  • -0.17%
  • YTD
  • 5.44%
  • 3.90%
  • 1 Yr
  • 0.75%
  • -4.36%
  • 3 Yr
  • 3.79%
  • 5.76%
  • 5 Yr
  • -2.09%
  • 0.38%
  • 10 Yr
  • -
  • -
  • Since Inception
  • 2.55%
  • 2.58%
Inception Date: 10/05/2012
Source: Brandes Investment Partners and MSCI.

Past performance is not indicative of future results. For more information on the risks associated with the sub-fund, please refer to the sections entitled Risk Factors in the prospectus. Full details regarding the Fund are set out in the key investor information document (the “KIID”), the prospectus, the articles of association and the latest financial reports published for the Fund (the “Fund Documents”). Before any subscription, it is recommended that you read carefully the Fund Documents.

The Fund documents may be obtained without cost by contacting the Administrator for the Fund, your Financial Representative, or at the offices of the paying agent or representative in each jurisdiction. Austria: Unicredit Bank Austria AG, Schottengasse 6-8, A1010 Vienna, Austria. France: Société Générale, 29 Boulevard Haussmann, 75009 Paris, France. Germany:GerFIS – German Fund Information Service UG (Haftungsbeschränkt), Zum Eichhagen 4, 21382 Brietlingen, Germany. Luxembourg: Société Générale Bank & Trust, 11 Avenue Emile Reuter, L-2420 Luxembourg. SpainAllfunds Bank, S.A., Estafeta 6, la Moraleja, Complejo Plaza de la Fuente, Alcobendas, Madrid, Spain. Switzerland: Representative and Paying Agent: BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, CH-8002 Zurich, Switzerland. United Kingdom: Duff & Phelps, Ltd., 14th Floor, The Shard, 32 London Bridge Street, London, England SE1 9SG.

The Fund is not offered or sold to “U.S. Persons” as defined in Regulation S of the U.S. Securities Act of 1933.

*The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or retrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk or any uses made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including without limitations, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com)

The MSCI Emerging Markets Index with net dividends measures equity market performance of emerging markets. Data prior to 2001 is gross dividend and linked to the net dividend returns.