Funds - 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

  • Diversification Benefits — Given their broad range of economic environments, currencies and political systems, we believe emerging markets offer a compelling diversification alternative to U.S. and international markets.
  • Future Economic Growth — Since 1980, emerging-market GDP growth has outpaced that of developed markets, and this is forecasted to continue.1.
  • Potentially Underutilised Opportunity — Despite their growing significance in the global investing arena, we believe emerging-market equities have been under-allocated within well-diversified portfolios.

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
  • ISIN
  • IE00B6SMR972
  • IE00B4P97428
  • IE00B63F0G99
  • IE00BYWTYR74
  • IE00B6TS4266
  • IE00B6TRNJ36
  • IE00B6RNXY80
  • IE00B6S5CV37
  • IE00BYWTYQ67
  • CUSIP
  • G1309T428
  • G1309T444
  • G1309T402
  • G1309T725
  • G1309T451
  • G1309T410
  • G1309T394
  • G1309T436
  • G1309T717
  • Sedol
  • B6SMR97
  • B4P9742
  • B63F0G9
  • BYWTYR7
  • B6TS426
  • B6TRNJ3
  • B6RNXY8
  • B6S5CV3
  • BYWTYQ6
  • Bloomberg
  • BREMEIU ID
  • BREMEIE ID
  • BREMEIS ID
  • BREMI1U
  • BREMI1S ID
  • BREMEAU ID
  • BREMEAE ID
  • BREMEAS ID
  • BREMA1U
  • Lipper
  • 68132230
  • 68132231
  • 68132232
  • 68438466
  • 68132233
  • 68132234
  • 68132235
  • 68132236
  • 68438465
  • Inception Date
  • 10/05/2012
  • 30/01/2014
  • N/A
  • N/A
  • N/A
  • 27/02/2013
  • 11/01/2013
  • 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.

1IMF 10/1/2012

2Source: Worldscope via FactSet, as of 6/30/2012 The Brandes Institute article, “ Value vs. Glamour: Emerging Markets” April 2013; based on rolling five-year annualized relative performance of value vs. glamour (using price-to-book deciles) in emerging markets from 6/30/1980-6/30/2012. Starting in 1981, returns were calculated by dividing emerging-market and international-developed stocks into value and growth deciles based on price-to-book, price-to-cash flow and price-to-earnings rations. For each group, decile-by-decile annualized performance, calculated in U.S. dollars, was recorded for the five years after the inception date. New deciles were constructed each June 30, and every subsequent June 30 through 2012. Annualized returns for all years were then averaged to compare value stocks with growth stocks. 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 30 September 2017

Top 10 Holdings

  • CompanyFund (%)
  • Cia Brasileira de Distribuicao3.28
  • Embraer SA3.14
  • China Mobile Ltd3.13
  • LUKOIL PJSC2.88
  • Sberbank of Russia PJSC2.85
  • KT&G Corp2.65
  • Estacio Participacoes SA2.39
  • YPF SA2.36
  • Tech Mahindra Ltd2.34
  • Cemex SAB de CV2.25

Fundamentals

  • Holdings67
  • Avg. Market Cap (Millions)$25,531
  • Price/Book1.0
  • Price/Earnings10.4
  • Price/Cash Flow5.3
  • ROE9.5 %
  • Cash2.3 %

Sector Allocation

  • Sector Fund (%)
  • Financials20.62
  • Consumer Discretionary18.69
  • Telecommunication Services13.05
  • Energy10.55
  • Real Estate8.03
  • Consumer Staples7.82
  • Information Technology6.16
  • Utilities5.08
  • Industrials3.49
  • Materials3.19

Top 10 Countries

  • Country Fund (%)
  • Brazil 18.51
  • Russia 13.69
  • South Korea 12.27
  • China 8.22
  • Mexico 7.57
  • India 5.98
  • Turkey 4.94
  • Hong Kong 4.84
  • Thailand 4.20
  • Chile 2.74

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

(As of 29 September 2017)
  • Fund
  • EM I USD
  • MSCI EM USD*
  • NAV
  • $13.20
  • 1 Mo
  • 0.99%
  • -0.40%
  • 3 Mo
  • 8.55%
  • 7.89%
  • YTD
  • 23.36%
  • 27.78%
  • 1 Yr
  • 21.55%
  • 22.46%
  • 3 Yr
  • 2.89%
  • 4.90%
  • 5 Yr
  • 4.84%
  • 3.99%
  • 10 Yr
  • -
  • -
  • Since Inception
  • 5.28%
  • 4.42%
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, 8398 Global Securities Sales & Services, P.O. Box 35, A1011 Vienna, Austria, thomas.deimel@unicreditgroup.at, +43 50505-58590. France: Société Générale, 29 Boulevard Haussmann, 75009 Paris, France, Sophie Platter, sophie.platter@sgss.socgen.com. Germany: Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany, Marcelle Hengen, marcelle.hengen@sgss.socgen.com, Tél. +352 47 93 11 5518. Luxembourg: Société Générale Bank & Trust Luxembourg, 11 Avenue Emile Reuter, L-2420 Luxembourg. Switzerland: Representative and Paying Agent: BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. United Kingdom: Kinetic Partners LLP, One London Wall, Level 10, London, England EC2Y 5HB.

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.

The information and materials in this site are not intended to and shall not constitute an offer to buy or sell shares or provide advisory management services in any jurisdiction where such activity is unlawful and must not be treated as such. By proceeding beyond the homepage you agree to the terms and conditions of the Terms and Conditions
Brandes Investment Partners (Europe) Limited is regulated by the Central Bank of Ireland, its offices are located at 36 Lower Baggot Street, Dublin 2, Ireland and its registration number in Ireland is 510203.