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 52
  • Total Net Assets Value $1.3 billion (As of 31 May 2024)
  • Share Price (USD) 36.58 (As of 12 Jun 2024)
  • Article 8 logo bug


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: Accumulating
A1, I1: Distributing
SFDR Classification Article 8
Swipe to View Fund Information


Share Class Performance (%)

Data displayed as of 31 May 2024

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 information document for packaged retail and insurance-based investment products (the “PRIIPs KID”) or, for UK investors, the key investor information document (the “UCITS 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 Class A
Management Fee 0.70%
Total Expense Ratio 1.75%
Swipe to View Fees/Expenses

Morningstar Rating

IE0031575164 as of 30 Apr 2024

Total # of Funds 400 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.


Data displayed as of 31 May 2024


Characteristic Brandes U.S. Value Fund Russell 1000 Value Index
Price/Book (x)
Price per share divided by book value per share.
1.8 2.5
Price/Earnings (x)
Price per share divided by earnings per share.
15.0 19.2
Price/Cash Flow (x)
Price per share divided by cash flow per share.
10.6 11.9
Equity Yield % 2.1 2.1
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
81.7 --
Number of Holdings 52 --
Avg. Market Cap ($bil) 170.4 148.5
Security Turnover (TTM) % 15.4 --
Swipe to View Characteristics

Top 10 Holdings (%)

Company % Country Industry
Chevron Corp 3.6 United States Oil, Gas & Consumable Fuels
Wells Fargo & Co 3.2 United States Banks
Bank of America Corp 3.1 United States Banks
Halliburton Co 3.1 United States Energy Equipment & Services
Merck & Co Inc 3.0 United States Pharmaceuticals
The Cigna Group 2.7 United States Health Care Providers & Services
Alphabet Inc 2.7 United States Interactive Media & Services
Citigroup Inc 2.6 United States Banks
Fiserv Inc 2.6 United States Financial Services
McKesson Corp 2.5 United States Health Care Providers & Services
% of Fund 29.1    
Fund holdings are subject to change at any time at the discretion of the investment manager.
Swipe to View Top 10 Holdings

Sector Allocation (%)

Swipe to View Sector Allocation (%)

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, Belgium, France, Germany, Luxembourg, Netherlands, and the United Kingdom: FE fundinfo (Luxembourg) S.à.r.l., 6 Boulevard des Lumières, Belvaux, 4369 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. Please note that not all share classes are available in each of the foregoing jurisdictions listed above. 

Please click for sustainability related disclosures for the purposes of Article 10 of the EU Sustainable Finance Disclosures Regulation.

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.
Copyright 2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.