Brandes Canadian Equity Fund Series F (CAD)
- Distribution Frequency: Annually
- Number of Holdings: 29
- Total Net Assets: C$32 M
REASONS TO OWN
The Brandes Canadian Equity Fund invests in 20–35 Canadian companies of all sizes that Brandes believes are trading at a price below fair value and that have appreciation potential combined with exposure to global large cap equities.
Features
- All-cap flexibility unconstrained by the index
- Can invest up to 49% in global equities
- Low portfolio valuations (e.g., P/E, P/B)
- Looks very different to the S&P/TSX Composite
- Distributions paid annually
Benefits
- Consistent value approach ensures no style drift
- Potential for long-term outperformance
- Can avoid expensive sectors and industries
- Can provide diversification to other investments
- Adjusts global exposure based on opportunities
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 121 | - |
| A | DSC | 221 | - |
| A | LL | 219 | - |
| F | - | 521 | - |
Inception: July 2 2002|Series F (CAD)|MER: 1.62 %PERFORMANCE: Series F (CAD)
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | 7-Yr | 10-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brandes Canadian Equity Fund | 2.55 | 2.41 | 0.67 | 0.63 | 0.63 | -0.86 | 4.39 | 11.17 | 11.11 | 5.95 | ||
| S&P/TSX Composite Index | 0.45 | 3.17 | 5.73 | 22.88 | 22.88 | 6.89 | 6.28 | 7.82 | 6.90 | 7.96 | ||
| Brandes Canadian Equity Benchmark** | 0.48 | 4.11 | 6.50 | 22.43 | 22.43 | 8.26 | 7.83 | 9.96 | 8.44 | 7.74 | ||
| Calendar Year Performance (%) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brandes Canadian Equity Fund | 24.81 | -14.62 | 28.24 | 48.58 | 13.90 | 3.72 | 22.64 | 8.41 | -10.67 | 0.63 | ||
| S&P/TSX Composite Index | 17.61 | -8.71 | 7.19 | 12.99 | 10.55 | -8.32 | 21.08 | 9.10 | -8.89 | 22.88 | ||
| Brandes Canadian Equity Benchmark** | 14.05 | -7.01 | 9.02 | 19.30 | 11.76 | -0.70 | 15.73 | 10.72 | -6.40 | 22.43 | ||
As of: December 31, 2019
$27,476.00GROWTH OF $10,000 SINCE INCEPTION
TOP 10 POSITIONS
| Security | |
|---|---|
| Brandes Global Equity Fund Class I | 30.4 % |
| Cash & Cash Equivalent | 15.2 % |
| Corby Spirit & Wine Limited* | 7.4 % |
| E-L Financial Corp. Ltd. | 7.0 % |
| Celestica Inc. | 4.1 % |
| Sierra Wireless | 3.8 % |
| EXFO Inc ORD | 2.5 % |
| Cameco Corp. | 2.5 % |
| Velan Inc. | 2.5 % |
| Norbord Inc ORD | 2.2 % |
| Top 10 Total | 77.6 % |
| Total # of Securities | 29 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Investment Funds | 30.4 % |
| Financials | 11.2 % |
| Information Technology | 10.4 % |
| Consumer Staples | 7.8 % |
| Energy | 6.9 % |
| Materials | 4.5 % |
| Industrials | 4.5 % |
| Communication Services | 4.5 % |
| Consumer Discretionary | 3.0 % |
| Health Care | 0.9 % |
| Other | 16.0 % |
| Total | 100.0 % |
ASSET MIX
| Asset breakdown | |
|---|---|
| Canadian Equity | 52.9 % |
| Global Equity | 32.0 % |
| Other | 15.2 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Fund Commentary - Brandes Canadian Equity Fund
Infographic (pdf) - Brandes - Value Wakeup Call
Infographic (page) - Brandes - Tilt to International Equities
Manager Commentary - Brandes
Prospectus Documents (page)
Brandes Canadian Equity Fund Presentation 
Interim MRFP - Brandes Canadian Equity Fund
MRFP - Brandes Canadian Equity Fund
Monthly Profile Sheet - Brandes Canadian Equity Fund - Series A
Monthly Profile Sheet - Brandes Canadian Equity Fund - Series F
Performance is shown for the class selected. The foregoing reflects the thoughts and opinions of Brandes Investment Partners & Co., operating as Bridgehouse Asset Managers™ exclusively and is subject to change without notice. Bridgehouse has taken reasonable steps to provide current, accurate information from sources believed to be reliable however Bridgehouse is not responsible for any errors or omissions contained herein. As manager of the Bridgehouse Funds, Bridgehouse has hired Brandes Investment Partners, L.P., Sionna Investment Managers Inc., TD Asset Management Inc., and Lazard Asset Management, Inc. as portfolio sub-advisors in respect of the Bridgehouse Funds. Units of the Bridgehouse Funds are available through registered dealers only. Indexes are unmanaged and cannot be directly invested into. Securities mentioned herein are not to be construed as a recommendation to buy or sell. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Performance is net of fees.
