U.S. Value Equity

The Brandes U.S. Value Equity Strategy seeks long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalizations that exceed $5 billion at the time of purchase.


Why U.S. Value Equity?

  • Value: The strategy employs our disciplined, bottom-up investing approach to seek U.S. companies trading below our estimates of intrinsic value.
  • Experience: Brandes has been navigating various global market conditions for over 40 years.
  • Flexibility: The strategy is a large-capitalization mandate with the ability and willingness to be different than the benchmark.


As of Mar 31, 2024 | Reporting Currency: USD

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Source: Brandes, Russell. Total return – net and gross of management fees. Periods of greater than one year have been annualized. Past performance is not a guarantee of future results. The strategy primary benchmark is the Russell 1000 Value Index. The strategy secondary benchmark is the Russell 1000 Index. It is not possible to invest directly in an index. GIPS® Report available in Resources section below. 


Data displayed as of Mar 31, 2024


Characteristic U.S. Value Equity Russell 1000 Value Index
Price/Book (x)
Price per share divided by book value per share.
1.9 2.6
Price/Earnings (x)
Price per share divided by earnings per share.
15.7 19.0
Price/Cash Flow (x)
Price per share divided by cash flow per share.
10.9 11.3
Dividend Yield %
Dividends per share divided by price per share.
2.0 2.1
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
81.3 --
Number of Holdings 52 --
Weighted Average Mkt. Cap ($bil) 157.7 147.2
Portfolio Turnover (TTM) %
(Trailing Twelve Months)
9.1 --
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Top 10 Holdings (%)

Company % Country Industry
Chevron Corp 3.5 United States Oil, Gas & Consumable Fuels
Wells Fargo & Co 3.0 United States Banks
Fiserv Inc 2.9 United States Financial Services
Halliburton Co 2.9 United States Energy Equipment & Services
Bank of America Corp 2.8 United States Banks
Merck & Co Inc 2.8 United States Pharmaceuticals
Comcast Corp 2.7 United States Media
McKesson Corp 2.6 United States Health Care Providers & Services
Alphabet Inc 2.4 United States Interactive Media & Services
Textron Inc 2.4 United States Aerospace & Defense
% of Portfolio 28.0    
Portfolio holdings are subject to change at any time at the discretion of the investment manager.
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Sector Allocation (%)

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The Brandes U.S. Value Equity Composite seeks to provide long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalizations that exceed $5 billion at the time of purchase.

The Russell 1000 Value Index with gross dividends measures performance of the large 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 benchmark returns are not covered by the report of independent verifiers.

The Russell 1000 Index with gross dividends measures the performance of the large cap segment of the U.S. equity universe.

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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