• ISIN IE0031574977
  • Inception Date 26 February 2003
  • Dividend Frequency None
  • Number of Holdings 68
  • Total Net Assets Value €309.2 million (As of 31 Oct 2022)
  • Share Price (EUR) 45.43 (As of 30 Nov 2022)
  • Morningstar Analyst Rating - Global Award

Overview

Why Brandes European Value Fund?

  • Value: The fund employs our disciplined, bottom-up investing approach to seek European companies trading below our estimates of intrinsic value.
  • Experience: Brandes has been navigating global markets for over 40 years and managing the European Equity Strategy for over 20 years.
  • Flexibility: The strategy is an all-capitalization mandate with the ability and willingness to be different than the benchmark.

Fund Information

Fund Information Values
Legal Structure UCITS
Domicile Ireland
Registered AT, BE, CH, DE, ES, FR, IE, LUX, NL, UK
Trade Frequency Daily
Dealing Cutoff 16:00 New York Time
Base Currency EUR
Dividend Policy A, B, I, R, S, X: Accumulating
A1, I1: Distributing
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Performance

Share Class Performance (%)

Data displayed as of 31 Oct 2022

Swipe to View Month End
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.

Fees/Expenses

Fees/Expenses Class I
Management Fee 0.70%
Total Expense Ratio 0.90%
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Morningstar Rating

IE0031574977 as of 31 Oct 2022

Total # of Funds 300 Europe Large-Cap Value Equity
The Overall Morningstar Rating is derived from a weighted average of the fund's three-, five- and ten-year (if applicable). Morningstar Ratings metrics which are based on risk-adjusted return performance.

Fund

Data displayed as of 31 Oct 2022

Characteristics

Characteristic Brandes European Value Fund MSCI Europe Index
Price/Book (x)
Price per share divided by book value per share.
0.8 1.7
Price/Earnings (x)
Price per share divided by earnings per share.
8.0 13.4
Price/Cash Flow (x)
Price per share divided by cash flow per share.
3.1 8.3
Equity Yield % 5.1 3.4
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
85.5 --
Number of Holdings 68 --
Avg. Market Cap (€bil) 34.3 84.3
Security Turnover (TTM) % 47.8 --
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Top 10 Holdings (%)

Company % Country Industry
GSK PLC 2.6 United Kingdom Pharmaceuticals
Sanofi 2.5 France Pharmaceuticals
Novartis AG 2.5 Switzerland Pharmaceuticals
Publicis Groupe SA 2.4 France Media
SAP SE 2.4 Germany Software
UBS Group AG 2.4 Switzerland Capital Markets
Henkel AG & Co KGaA 2.2 Germany Household Products
HeidelbergCement AG 2.1 Germany Construction Materials
Buzzi Unicem SpA 2.1 Italy Construction Materials
Shell PLC 2.0 United Kingdom Oil, Gas & Consumable Fuels
% of Fund 23.2    
Fund holdings are subject to change at any time at the discretion of the investment manager.
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Top 10 Country Allocation (%)

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Sector Allocation (%)

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Market Weightings (%)

Market Classification Brandes European Value Fund MSCI Europe Index
Developed Markets 94.4 100.0
Emerging Markets 4.0 -
Swipe to View Market Weightings (%)

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. Belgium : Brandes Investment Partners (Europe) Limited, Alexandra House, The Sweepstakes, Ballsbridge, Dublin, D04 C7H2, Ireland. 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. Please note that not all share classes are available in each of the foregoing jurisdictions listed above. 

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 Europe Index with net dividends is an unmanaged, free float-adjusted market capitalization weighted index that is designed to measure equity market performance of the developed markets in Europe. The MSCI Europe Index consists of 16 developed market country indices. This index includes dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions, or other expenses of investing.
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)
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The Morningstar Analyst Rating™ for funds (the Analyst Rating) provides a forward-looking evaluation of how these funds might behave in a variety of market environments to help investors choose superior funds. It's based on an analyst’s conviction in a fund’s ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis through a full market cycle of at least five years. For more detailed information about Morningstar's Analyst Rating, including its methodology, go to: http://corporate.morningstar.com/US/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf.