Brandes - EMEA - Brandes U.S. Value Fund

Brandes U.S. Value Fund

Long-term capital appreciation by investing in equity and equity related securities of U.S. issuers whose market capitalisations exceed US$1 billion at the time of purchase.

Why U.S. Value

  • Fund Objective — Long-term capital appreciation by investing in equity and equity related securities of U.S. issuers whose equity market capitalizations exceed $1 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 A USD
  • Class A EUR
  • Class A GBP
  • Class A1 USD
  • Class A1 GBP
  • Class I USD
  • Class I EUR
  • Class I GBP
  • Class I1 USD
  • Class I1 GBP
  • Class S USD
  • Class S EUR
  • Class S GBP
  • ISIN
  • IE0031575164
  • IE0031575271
  • IE0031575388
  • IE00BYWTYN37
  • IE00B1SHJR97
  • IE0031575495
  • IE0031575503
  • IE0031575610
  • IE00BYWTYP50
  • IE00B1SHJN59
  • IE00BYWGLJ90
  • IE00BYWGLK06
  • IE00BYWGLL13
  • CUSIP
  • G1309T196
  • G1309T212
  • G1309T279
  • G1309T691
  • G1309T345
  • G1309T170
  • G1309T204  
  • G1309T188
  • G1309T741
  • G1309T337
  • G1309T840
  • G1309T857
  • G1309T808
  • Sedol
  • 3157516
  • 3157527
  • 3157538
  • BYWTYN3
  • B1SHJR9
  • 3157549
  • 3157550
  • 3157561
  • BYWTYP5
  • B1SHJN5
  • BYWGLJ9
  • BYWGLK0
  • BYWGLL1
  • Bloomberg
  • BRAUSAD
  • BRANUSA
  • BRUSEAG
  • BRNUA1U
  • BRUSA1G
  • BRUSIUS
  • BRUSEIA
  • BRUSIGP
  • BRNUI1U
  • BRUSI1G
  • BRANUSS
  • BRANEUS
  • BRANGBS
  • Lipper
  • 60086318
  • 60086319
  • 65012998
  • 68438436
  • 68134927
  • 68134923
  • 68134924
  • 68134925
  • 68438437
  • 68134926
  • 68529296
  • 68529297
  • 68529298
  • Inception Date
  • 17/07/2003
  • 17/07/2003
  • 21/09/2005
  • N/A
  • N/A
  • 16/04/2014
  • 16/03/2011
  • N/A
  • N/A
  • N/A
  • N/A
  • N/A
  • N/A

Brandes U.S. Value Fund: Pursuing Opportunities at Attractive Prices

  • Value Investing Has Worked — The approach has proven to have generated long-term capital appreciation for investor portfolios1.
  • Diversification — Brandes Investment Partners’ value approach identifies opportunities across the full spectrum of sectors and industries.
  • Different than the Index — Sector weightings and portfolio characteristics such as market-cap average, long-term debt to equity and other price ratios tend to be different than the benchmark.
  • Proprietary Research — Extensive evaluation helps identify U.S. companies that may be trading below their estimated true worth.

1Source: S&P via FactSet from 6/30/1978 to 6/30/2013. Rolling 3-year annualized relative returns of S&P 500 Value Index less S&P 500 Growth Index. Past performance is not a guarantee of future results. Rolling periods represent a series of overlapping, smaller time periods within a single performance, longer-term time period. For example, over a 20-year period, there is one 20-year rolling period, eleven 10-year rolling periods, sixteen 5-year rolling periods, and so forth. Please note that all indices are unmanaged and not available for direct investment.

Partner with a Pioneer in Value Investing

  • Experience — The Investment Team is composed of experienced professionals who have managed through extreme market cycles.
  • Trailblazer in Global Equity Markets — Brandes Investment Partners has a long history of exploring markets worldwide in search of fundamentally solid companies selling at deep discounts to estimates of their true worth.
  • Disciplined and Easy to Understand Investment Process — The strategy consistently applies a research-driven process centered on purchasing potentially undervalued companies with the goal of capturing future price appreciation.
Fund Facts as of 31 August 2019

Top 10 Holdings

  • CompanyFund (%)
  • Merck & Co Inc3.74
  • McKesson Corp3.18
  • Comcast Corp3.08
  • Citigroup Inc3.08
  • Laboratory Corp of America Holdings3.05
  • Omnicom Group Inc2.74
  • Bank of America Corp2.73
  • Pfizer Inc2.65
  • Amdocs Ltd2.59
  • Wells Fargo & Co2.58

Fundamentals

  • Holdings51
  • Avg. Market Cap (Millions)$119,969
  • Price/Book1.6
  • Price/Earnings13.4
  • Price/Cash Flow9.5
  • ROE12.1 %
  • Cash10.5 %

Sector Allocation

  • Sector Fund (%)
  • Financials26.82
  • Health Care23.09
  • Information Technology12.78
  • Communication Services9.09
  • Industrials5.90
  • Energy5.10
  • Consumer Discretionary4.49
  • Real Estate1.15
  • Consumer Staples1.05

Top 10 Countries

  • Country Fund (%)
  • United States 87.03
  • Ireland 1.27
  • Singapore 1.15

Fund Performance (Brandes U.S. Value Fund A USD -- ISIN: IE0031575164)

(As of 30 August 2019)
  • Fund
  • US A USD
  • S&P 500 USD*
  • NAV
  • $21.49
  • 1 Mo
  • -4.28%
  • -1.58%
  • 3 Mo
  • 3.77%
  • 6.87%
  • YTD
  • 9.09%
  • 18.34%
  • 1 Yr
  • -3.46%
  • 2.92%
  • 3 Yr
  • 8.02%
  • 12.70%
  • 5 Yr
  • 5.78%
  • 10.11%
  • 10 Yr
  • 10.82%
  • 13.45%
  • Since Inception
  • 4.86%
  • 9.22%
Inception Date: 17/07/2003
Source: Brandes Investment Partners and S&P.

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. Spain: Allfunds 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 S&P 500 Index with gross dividends is an unmanaged, market capitalization weighted index that measures the equity performance of 500 leading companies in leading industries of the U.S. economy.  The index includes 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities.  This index  includes dividends and distributions, but does not reflect fees, brokerage commissions, withholding taxes, or other expenses of investing.