Brandes - U.S. Advisors - Global Opportunities Value Strategy

Investment Strategies

Any Country, Any Size

  • Go Anywhere — An all-capitalization mandate with the ability and willingness to invest anywhere we see value.
  • Pioneer — Brandes is a pioneer in value investing, having navigated global capital markets for over 40 years.
  • Value — The strategy consistently applies a disciplined investment process focused on uncovering companies worldwide with potentially attractive value attributes.

Partner with a Pioneer in Global Value Investing

  • Experienced Professionals — The Investment Committee is composed of experienced professionals who have managed extreme market cycles.
  • Commitment to Transparent, Easy to Understand Investment Process — The firm consistently applies a Graham-and-Dodd, value investing approach centered on a research-driven process of purchasing potentially undervalued companies with the goal of capturing future price appreciation.
  • Independent Point of View — Brandes Investment Partners is a 100% employee owned firm and its strategies are unhindered by sales quotas or any outside influence that may impede the firm’s pursuit of investment management excellence.

The Brandes Global Opportunities Value Strategy seeks long-term capital appreciation by investing primarily in the equity securities of both U.S. and non-U.S. issuers irrespective of equity market capitalizations. The strategy benchmark is the MSCI ACWI.

GIPS® Compliant Presentation:

Annualized Performance (Net)

THROUGH June 30, 2019 | REPORTING CURRENCY: USD
 
1 Year
3 Years
5 Years
7 Years
Since Inception 3/31/2012
Global Opportunities
-6.64%
4.77%
-0.19%
6.84%
5.33%
Primary Benchmark (a)
5.74%
11.62%
6.16%
9.87%
8.65%
Relative Performance
-12.38%
-6.85%
-6.35%
-3.03%
-3.32%

Annualized Performance (Gross)

THROUGH June 30, 2019 | REPORTING CURRENCY: USD
 
1 Year
3 Years
5 Years
7 Years
Since Inception 3/31/2012
Global Opportunities
-5.85%
5.66%
0.67%
7.76%
6.24%
Primary Benchmark (a)
5.74%
11.62%
6.16%
9.87%
8.65%
Relative Performance
-11.59%
-5.96%
-5.49%
-2.11%
-2.41%

Annual Periods (Net)

THROUGH June 30, 2019 | REPORTING CURRENCY: USD
 
2018
2017
2016
2015
2014
2013
Global Opportunities
-17.52%
16.16%
16.88%
-4.17%
-3.29%
25.70%
Primary Benchmark (a)
-9.41%
23.97%
7.86%
-2.36%
4.16%
22.80%

Quarterly Performance (Net And Gross)

THROUGH June 30, 2019 | REPORTING CURRENCY: USD
Year
 
1Q
2Q
3Q
4Q
YTD
2019
NET
GROSS
Primary Benchmark (a)
-00 6.97%
-00 7.19%
-0 12.18%
-00 0.48%
-00 0.69%
-00 3.61%
-0000000
-0000000
-0000000
-0000000
-0000000
-0000000
-00 7.48%
-00 7.93%
-0 16.23%
2018
NET
GROSS
Primary Benchmark (a)
00 -1.97%
00 -1.76%
00 -0.96%
00 -3.14%
00 -2.93%
-00 0.53%
00 -1.37%
00 -1.16%
-00 4.28%
0 -11.93%
0 -11.74%
0 -12.75%
0 -17.52%
0 -16.82%
00 -9.41%
2017
NET
GROSS
Primary Benchmark (a)
-00 5.77%
-00 5.99%
-00 6.91%
-00 3.27%
-00 3.49%
-00 4.27%
-00 3.51%
-00 3.72%
-00 5.18%
-00 2.75%
-00 2.97%
-00 5.73%
-0 16.16%
-0 17.15%
-0 23.97%
2016
NET
GROSS
Primary Benchmark (a)
-00 5.11%
-00 5.34%
-00 0.24%
00 -0.42%
00 -0.20%
-00 0.99%
-00 7.77%
-00 8.00%
-00 5.30%
-00 3.62%
-00 3.84%
-00 1.19%
-0 16.88%
-0 17.90%
-00 7.86%
2015
NET
GROSS
Primary Benchmark (a)
-00 3.19%
-00 3.42%
-00 2.31%
-00 0.13%
-00 0.35%
-00 0.35%
00 -9.03%
00 -8.83%
00 -9.45%
-00 1.96%
-00 2.18%
-00 5.03%
00 -4.17%
00 -3.33%
00 -2.36%
2014
NET
GROSS
Primary Benchmark (a)
-00 5.57%
-00 5.79%
-00 1.08%
-00 6.65%
-00 6.86%
-00 5.04%
00 -8.48%
00 -8.30%
00 -2.31%
00 -6.14%
00 -5.96%
-00 0.41%
00 -3.29%
00 -2.52%
-00 4.16%
2013
NET
GROSS
Primary Benchmark (a)
-00 5.47%
-00 5.70%
-00 6.50%
00 -0.17%
-00 0.05%
00 -0.42%
-0 12.70%
-0 12.95%
-00 7.90%
-00 5.93%
-00 6.15%
-00 7.31%
-0 25.70%
-0 26.80%
-0 22.80%
2012
NET
GROSS
Primary Benchmark (a)
-0000000
-0000000
-0000000
00 -8.30%
00 -8.06%
00 -5.56%
-00 7.11%
-00 7.40%
-00 6.84%
-00 5.79%
-00 6.06%
-00 2.88%
-00 3.91%
-00 4.72%
-00 3.80%

Composite Characteristics

THROUGH June 30, 2019 | REPORTING CURRENCY: USD
Year
#Accts
Assets
(mil)
Dispersion
% of non-fee
paying assets
Total Firm
Assets (mil)
2019
-000,00 2
-000, 269
-000,
-000,
-0 23,157
2018
-000,00 3
-000, 282
-00 0.13
-00 0
-0 22,106
2017
-000,00 3
-000, 358
-00 0.20
-00 0
-0 25,578
2016
-000,00 3
-000, 215
-00, N/A
-00 0
-0 22,971
2015
-000,00 3
-000, 154
-00, N/A
-00 0
-0 20,666
2014
-000,00 2
-000, 149
-00, N/A
-0 20
-0 20,722
2013
-000,00 2
-000, 105
-00, N/A
-0 29
-0 21,464
2012
-000,00 2
-000,0 25
-00, N/A
-0 18
-0 22,171
THROUGH June 30, 2019 | REPORTING CURRENCY: USD

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.
As of September 30, 2013, Brandes Investment Partners includes the non-SMA Division of Brandes Investment Partners L.P., Brandes Investment Partners (Europe) Limited, Brandes Investment Partners (Asia) Pte Ltd and the Brandes Investment Partners & Co. assets sub-advised by Brandes Investment Partners, L.P. The firm was redefined to reflect the expansion of the organization. As of January 1, 2006, Brandes Investment Partners was divided into two separate divisions: the SMA Division of Brandes Investment Partners, which acts as a discretionary manager to SMA or “wrap fee” program clients, including those who may invest in an SMA product; and the non-SMA Division of Brandes Investment Partners (Brandes), which acts as a discretionary manager for all other types of clients which may include pooled investment vehicles, institutional accounts and high net worth clients outside of wrap fee programs. Although the divisions may share portfolio management and other personnel, each division serves a particular target market, may trade in a different manner and may offer investment advice which differs from the other depending upon the individualized needs of the clients served. The performance data presented does not contain any SMA Division accounts.
The Brandes Global Opportunities Composite seeks long-term capital appreciation by investing primarily in the equity securities of both U.S. and non-U.S. issuers irrespective of equity market capitalizations. The relevant index for diversification measurement is the MSCI ACWI. With respect to investments in emerging markets companies, the composite may typically invest up to the greater of either (a) 40% of total assets in emerging markets and frontier countries, at the time of purchase or (b) 200% of the weighting of non-developed markets companies in the relevant index, at the time of purchase. The portfolios will have the ability to hold up to 15% of total assets (at the time of purchase) in non-equity securities, including fixed income and convertible bonds, and up to 10% of total assets (at the time of purchase) in exchange traded funds, mutual funds or closed end funds, including other Brandes managed mutual funds or other pooled vehicles. The portfolios will generally be fully invested; however, the Global Opportunities portfolios may hold up to 20% of the assets in cash or cash equivalents.
Brandes claims compliance with the Global Investment Performance Standards (GIPS®). To receive a list of composite descriptions and/or presentation that complies with GIPS standards, contact client service at 800-237-7119 or write 11988 El Camino Real, Suite 600, P.O. Box 919048, San Diego, California 92191-9048 or email ClientService@Brandes.com.
(a) The MSCI ACWI with net dividends captures large and mid cap representation of developed and emerging markets. MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products. The benchmark returns are not covered by the report of independent verifiers.
Brandes Investment Partners® is a registered trademark of Brandes Investment Partners, L.P. in the United States and Canada.

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