Long-term capital appreciation by investing in equity and equity related securities of U.S. issuers whose market capitalisations exceed US$5 billion at the time of purchase.
  • ISIN IE0031575164
  • Inception Date 17 July 2003
  • Dividend Frequency None
  • Number of Holdings 51
  • Total Net Assets Value $937.0 million (As of 31 Oct 2022)
  • Share Price (USD) 32.39 (As of 30 Nov 2022)

Overview

Why Brandes U.S. Value Fund?

  • Value: The fund 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 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 USD
Dividend Policy A, I, 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 Russell.

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 A
Management Fee 0.70%
Total Expense Ratio 1.72%
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Morningstar Rating

IE0031575164 as of 31 Oct 2022

Total # of Funds 361 US 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 U.S. Value Fund Russell 1000 Value Index
Price/Book (x)
Price per share divided by book value per share.
1.7 2.2
Price/Earnings (x)
Price per share divided by earnings per share.
11.7 15.2
Price/Cash Flow (x)
Price per share divided by cash flow per share.
8.4 10.4
Equity Yield % 2.5 2.2
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
79.8 --
Number of Holdings 51 --
Avg. Market Cap ($bil) 131.9 133.9
Security Turnover (TTM) % 14.3 --
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Top 10 Holdings (%)

Company % Country Industry
Chevron Corp 4.2 United States Oil, Gas & Consumable Fuels
General Dynamics Corp 3.9 United States Aerospace & Defense
Cigna Corp 3.6 United States Health Care Providers & Services
McKesson Corp 3.1 United States Health Care Providers & Services
Halliburton Co 3.0 United States Energy Equipment & Services
Bank of America Corp 2.9 United States Banks
Amdocs Ltd 2.9 United States IT Services
Merck & Co Inc 2.8 United States Pharmaceuticals
Wells Fargo & Co 2.8 United States Banks
Fiserv Inc 2.6 United States IT Services
% of Fund 31.8    
Fund 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 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 Russell 1000 Value Index with net 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.
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