Brandes Canadian Equity Fund Series F (CAD)

MONTHLY PROFILE SHEET for Series F (CAD)

As of February 28, 2019

Distribution Frequency: Annually
Number of Holdings: 30
Total Net Assets: C$40 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 ADVISOR

Brandes Investment Partners, L.P.
Brandes Small Cap Investment Committee

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	-1.48	-1.73	-8.53	3.09	-7.06	9.25	7.24	13.63	18.44	6.41
S&P/TSX Composite Index	3.15	6.10	-0.08	12.16	6.86	10.78	5.48	6.57	10.21	7.79
Brandes Canadian Equity Benchmark**	3.19	4.77	-0.75	10.63	5.79	11.09	7.01	8.78	11.28	7.49

Calendar Year Performance (%)	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018
Brandes Canadian Equity Fund	47.30	24.81	-14.62	28.24	48.58	13.90	3.72	22.64	8.41	-10.67
S&P/TSX Composite Index	35.05	17.61	-8.71	7.19	12.99	10.55	-8.32	21.08	9.10	-8.89
Brandes Canadian Equity Benchmark**	27.44	14.05	-7.01	9.02	19.30	11.76	-0.70	15.73	10.72	-6.40

As of: February 28, 2019
$28,147.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 POSITIONS

Security
Brandes Global Equity Fund Class I	28.6 %
Cash & Cash Equivalent	18.7 %
Corby Spirit & Wine Limited*	7.1 %
E-L Financial Corp. Ltd.	5.5 %
Celestica Inc.	3.9 %
Sierra Wireless	3.7 %
Dorel Industries Inc. Cl. B	3.4 %
EXFO Inc ORD	3.3 %
Algoma Central Corp.	2.4 %
Velan Inc.	2.2 %
Top 10 Total	78.8 %
Total # of Securities	30

SECTOR EXPOSURE

Sector
Investment Funds	28.6 %
Information Technology	10.9 %
Consumer Staples	9.1 %
Financials	8.9 %
Industrials	5.5 %
Energy	5.0 %
Consumer Discretionary	4.6 %
Communication Services	4.5 %
Materials	2.7 %
Health Care	0.7 %
Other	19.4 %
Total	100.0 %

ASSET MIX

Asset breakdown
Canadian Equity	50.0 %
Global Equity	31.2 %
Other	18.7 %
Total	100.0 %

FUND FACTS

NI 81-101 Fund Facts - Brandes Canadian Equity Fund Class A

NI 81-101 Fund Facts - Brandes Canadian Equity Fund Class D

NI 81-101 Fund Facts - Brandes Canadian Equity Fund Class 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., Greystone Managed Investments 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.