The Brandes U.S. Small Cap Value Equity Strategy seeks long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalizations of $5 billion or less at the time of purchase.
Bryan Barrett is a Senior Analyst on the Industrials and Financial Institutions Research Teams. He covers companies in the global capital goods and commercial services industries, as well as global banks, insurance, holding companies and capital-market firms. Mr. Barrett is a member of the Small-Cap Investment Committee. Prior to his current role, Mr. Barrett was part of the firm’s Research Associate program. He earned a BA in philosophy (with honors) and a BA in economics from the University of Southern California. His relevant experience began in 2008, when he joined Brandes Investment Partners.
Yingbin Chen is a Director, Investments Group and a Senior Analyst on the Technology Research Team. She is a member of the Small-Cap Investment Committee and the All-Cap Investment Committee. Ms. Chen is a limited partner of the firm’s parent company. Before joining Brandes, she was a Technology Officer with a major U.S. money center bank and a Technology Consultant with a major U.S. technology company. Ms. Chen earned her International MBA with high honors from the University of Chicago Booth School of Business and her MS in electrical engineering from Johns Hopkins University. Her relevant experience began in 2001 when she joined Brandes Investment Partners.
Mark Costa is a Director, Investments Group and a Senior Analyst on the Industrials Team, covering aerospace & defense, industrial conglomerates and industrial machinery/engineering. He is a member of the Small- Cap Investment Committee, where he also serves as a Product Coordinator. Mr. Costa is a limited partner of the firm’s parent company. He holds a BS in finance with distinction from San Diego State University. Mr. Costa joined Brandes Investment Partners in 2000.
Luiz Sauerbronn is a Director, Investments Group, a Senior Analyst on the Industrials Research Team and a member of the International Large-Cap and Small-Cap Investment Committees. Additionally, he is a member of the ESG Oversight Committee and a limited partner of the firm’s parent company.
Before joining the firm, Mr. Sauerbronn was a Summer Associate with J.P. Morgan and Manager of the Mergers and Acquisitions Advisory Team of Brazil-based Banco Brascan (part of Brookfield Asset Management). He also worked with Royal Dutch Shell. Mr. Sauerbronn earned his BS in economics from the Federal University of Rio de Janeiro and his MBA from the Haas School of Business at the University of California, Berkeley. His relevant experience began in 1995 and he joined Brandes Investment Partners in 2001.
Data displayed as of Jun 30, 2023
|Characteristic||U.S. Small Cap Value Equity||Russell 2000 Index|
Price per share divided by book value per share.
Price per share divided by earnings per share.
Price/Cash Flow (x)
Price per share divided by cash flow per share.
Dividend Yield %
Dividends per share divided by price per share.
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
|Number of Holdings||44||--|
|Weighted Average Mkt. Cap ($bil)||1.9||2.6|
Portfolio Turnover (TTM) %
(Trailing Twelve Months)
|Moog Inc||4.9||United States||Aerospace & Defense|
|Park Aerospace Corp||4.5||United States||Aerospace & Defense|
|Graham Corp||4.4||United States||Machinery|
|Dril-Quip Inc||4.1||United States||Energy Equipment & Services|
|Arlo Technologies Inc||4.1||United States||Electronic Equipment, Instruments & Components|
|National Western Life Group Inc||3.9||United States||Insurance|
|NETGEAR Inc||3.9||United States||Communications Equipment|
|Edgewell Personal Care Co||3.7||United States||Personal Care Products|
|Embraer SA||3.7||Brazil||Aerospace & Defense|
|National Presto Industries Inc||3.0||United States||Aerospace & Defense|
|% of Portfolio||40.2|
|Portfolio holdings are subject to change at any time at the discretion of the investment manager.|
The Brandes U.S. Small Cap Equity Composite seeks to achieve long-term capital appreciation by investing primarily in equity securities of U.S. issuers with equity market capitalizations of $2.5 billion or less at the time of purchase. Small capitalization securities involve greater issuer risk than large capitalization securities, and the markets for such securities may be more volatile and less liquid.
The Russell 2000 Index with gross dividends measures the performance of the small cap segment of the U.S. equity universe. The benchmark returns are not covered by the report of independent verifiers.
The Russell 2000 Value Index with gross dividends measures performance of the small cap segment of the U.S. equity universe. Securities are categorized as growth or value based on their relative book to price ratios, historical sales growth, and expected earnings growth.
The portfolio characteristics shown relate to a single account deemed by Brandes to be generally representative of the strategy as of date noted. Not every account will have these exact characteristics. The actual characteristics with respect to any particular account will vary based on a number of factors including but not limited to: (i) the size of t he account; (ii) investment restrictions applicable to the account, if any; and (iii) market exigencies at the time of investment. Data is updated on a quarterly basis.
The results for individual accounts and for different periods may vary. Investors should not rely on prior performance results as a reliable indication of future results. Market conditions may impact performance. The performance results presented were achieved in particular market conditions which may not be repeated. Moreover, the current market volatility and uncertain regulatory environment may have a negative impact on future performance.
Market Capitalization, Price/Book, Price/Earnings, Price/Cash Flow, and Dividend Yield for each security provided by Bloomberg, L.P. Please note that Bloomberg does not provide negative numbers in the data feed. Index fundamentals are calculated from holdings data as provided by the relevant index or by FactSet Fundamentals, excluding negative numbers for consistency. Thus, index fundamentals calculated by Brandes may differ from those computed and published by index providers.
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