The Brandes U.S. Small-Mid Cap Value Equity Strategy seeks long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalizations greater than $1.5 billion but no greater than $7.5 billion at the time of purchase.
Chris Duncan is a Director, Investments Group, a Senior Analyst on the Basic Materials Research Team and a member of the Small-Mid Cap Investment Committee. He is a limited partner of the firm’s parent company. Before joining the firm, Mr. Duncan was as an M&A Analyst with NCR Corporation. He earned his BS in finance from the University of Dayton and his MBA (with honors) from the University of Chicago Booth School of Business. Mr. Duncan’s relevant experience began in 2001 and he joined Brandes Investment Partners in 2006.
Michael Hutchens is a Director, Investments Group and a Senior Analyst on the Financial Institutions Research Team. He is a member of the Small-Mid Cap Investment Committee and the All-Cap Investment Committee. Mr. Hutchens is a limited partner of the firm’s parent company. Before joining Brandes, he was a Bank examiner with the Federal Reserve System. Mr. Hutchens earned his MBA with a concentration in finance from Columbia Business School and his BS in business with a concentration in finance from Indiana University. His experience began in 1994 and he joined Brandes Investment Partners in 2001.
Greg Rippel is a Director, Investments Group, an Analyst on the Consumer Products Research Team and a member of the Small-Mid Cap Investment Committee. Previously, he was a member of the Emerging Markets Investment Committee. Before joining the firm, Mr. Rippel was an Underwriter with Greyrock Capital (a subsidiary of Bank of America) and a Senior Associate with Coopers & Lybrand. He holds an MBA from the McCombs School of Business at the University of Texas at Austin, a BA in business economics from the University of California, Santa Barbara and is a Certified Public Accountant (inactive). His relevant experience began in 1995 and he joined Brandes Investment Partners in 2001.
Data displayed as of Sep 30, 2022
|Characteristic||U.S. Small-Mid Cap Value Equity||Russell 2500 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||75||--|
|Weighted Average Mkt. Cap ($bil)||5.4||5.1|
Portfolio Turnover (TTM) %
(Trailing Twelve Months)
|Amdocs Ltd||4.5||United States||IT Services|
|Change Healthcare Inc||3.4||United States||Health Care Technology|
|NETGEAR Inc||2.9||United States||Communications Equipment|
|Edgewell Personal Care Co||2.8||United States||Personal Products|
|Premier Inc||2.7||United States||Health Care Providers & Services|
|United Therapeutics Corp||2.6||United States||Biotechnology|
|Embraer SA||2.3||Brazil||Aerospace & Defense|
|Taro Pharmaceutical Industries Ltd||2.1||Israel||Pharmaceuticals|
|Citizens Financial Group Inc||2.0||United States||Banks|
|Equity Commonwealth||2.0||United States||Equity Real Estate Investment Trusts (REITs)|
|% of Portfolio||27.3|
|Portfolio holdings are subject to change at any time at the discretion of the investment manager.|
The Brandes U.S. Small-Mid Cap Value Equity Composite seeks to achieve long-term capital appreciation by investing primarily in equity securities of U.S. issuers with equity market capitalizations greater than $1.5 billion, but no greater than $7.5 billion, at the time of purchase. Small and mid-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 2500 with gross dividends measures the performance of the small to mid cap segment of the U.S. equity universe. The benchmark returns are not covered by the report of independent verifiers.
The Russell 2500 Value Index with gross dividends measures the performance of the small to mid 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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