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.

Overview

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 50 years.
  • Flexibility: The strategy is a large-capitalization mandate with the ability and willingness to be different than the benchmark.

Performance

Performance Data is unavailable.

Portfolio

Data displayed as of Mar 31, 2025

Characteristics

Characteristic U.S. Value Equity Russell 1000 Value Index
Price/Book (x)
Price per share divided by book value per share.
1.9 2.7
Price/Earnings (x)
Price per share divided by earnings per share.
15.7 19.8
Price/Cash Flow (x)
Price per share divided by cash flow per share.
10.8 12.5
Dividend Yield %
Dividends per share divided by price per share.
2.2 2.1
Active Share %
A measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.
82.9 --
Number of Holdings 59 --
Weighted Average Mkt. Cap ($bil) 150.9 175.4
Portfolio Turnover (TTM) %
(Trailing Twelve Months)
19.6 --
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Top 10 Holdings (%)

Company % Country Industry
Chevron Corp 3.4 United States Oil, Gas & Consumable Fuels
Willis Towers Watson PLC 2.6 Ireland Insurance
The Cigna Group 2.6 United States Health Care Providers & Services
Amdocs Ltd 2.5 United States IT Services
Bank of America Corp 2.5 United States Banks
Comcast Corp 2.5 United States Media
Wells Fargo & Co 2.3 United States Banks
Corteva Inc 2.3 United States Chemicals
McKesson Corp 2.3 United States Health Care Providers & Services
Citigroup Inc 2.3 United States Banks
% of Portfolio 25.3    
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 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. Characteristics identified are calculated on a gross basis without the deduction of fees and expenses. Data is updated on a quarterly basis.

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.

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 information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any security transactions, holdings, or sectors discussed were or will be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance discussed herein. The securities identified and described do not represent all the securities purchased, sold, or recommended for client accounts. Portfolio holdings are subject to change at any time. Strategies discussed are subject to change at any time by the investment manager in its discretion due to market conditions or opportunities. The Brandes investment approach tends to result in portfolios that are materially different than their benchmarks with regard to characteristics such as risk, volatility, diversification, and concentration. All investments carry a certain degree of risk including the possible loss of principal.
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