Brandes Emerging Markets Value Fund Series F (CAD)
- Distribution Frequency: Annually
- Number of Holdings: 70
- Total Net Assets: C$285 M
REASONS TO OWN
Features
- All-cap flexibility unconstrained by indices
- Looks very different than the MSCI EM Index
- Low portfolio valuations (e.g., P/E, P/B)
- Distributions paid annually
- Unhedged EM currency exposure
Benefits
- Consistent value approach ensures no style drift
- Leverages the best ideas from across Brandes
- Potential for long-term outperformance
- Can provide diversification to other investments
- Exposure to a broad basket of EM currencies
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 171 | 173 |
| A | DSC | 271 | 273 |
| A | LL | 213 | 214 |
| F | - | 571 | 573 |
Inception: July 2 2002|Series F (CAD)|MER: 1.60 %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 Emerging Markets Value Fund | -3.43 | 1.03 | 1.08 | -3.43 | -0.20 | 4.49 | 4.88 | 5.54 | 4.78 | 8.41 | ||
| MSCI EM Index | -2.77 | 2.95 | 4.10 | -2.77 | 4.54 | 8.39 | 5.37 | 6.55 | 6.05 | 8.83 | ||
| Calendar Year Performance (%) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brandes Emerging Markets Value Fund | 11.31 | -18.97 | 11.66 | 14.54 | -0.06 | -5.87 | 21.75 | 17.90 | -8.41 | 12.43 | ||
| MSCI EM Index | 12.67 | -16.41 | 15.61 | 3.93 | 6.63 | 2.04 | 7.34 | 28.26 | -6.88 | 12.44 | ||
As of: January 31, 2020
$41,336.00GROWTH OF $10,000 SINCE INCEPTION
TOP 10 COUNTRIES
| Country | |
|---|---|
| China | 13.6 % |
| South Korea | 13.5 % |
| Mexico | 11.5 % |
| Brazil | 10.0 % |
| Russia | 8.3 % |
| Hong Kong | 5.0 % |
| Indonesia | 4.9 % |
| Thailand | 3.5 % |
| Taiwan | 3.0 % |
| United Kingdom | 2.8 % |
| Total | 76.1 % |
| Total # of Countries | 27 |
TOP 10 POSITIONS
| Security | |
|---|---|
| China Mobile Ltd. ORD | 3.5 % |
| Fibra Uno Admin. SA ORD | 3.5 % |
| Embraer S.A. ADR | 3.5 % |
| Cemex SA de CV ADR | 2.9 % |
| KT+G Corp. | 2.6 % |
| Sberbank | 2.3 % |
| DP World Ltd ORD | 2.3 % |
| Bank Rakyat Indonesia Perser | 2.2 % |
| Mobile Telesystems ORD | 2.0 % |
| Posco ORD | 2.0 % |
| Top 10 Total | 26.8 % |
| Total # of Securities | 70 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Financials | 16.5 % |
| Communication Services | 16.1 % |
| Consumer Discretionary | 14.7 % |
| Industrials | 12.2 % |
| Consumer Staples | 9.0 % |
| Information Technology | 8.9 % |
| Energy | 7.0 % |
| Real Estate | 5.3 % |
| Materials | 4.9 % |
| Health Care | 2.6 % |
| Other | 2.7 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| Asia | 48.4 % |
| Latin America | 28.2 % |
| Europe | 15.7 % |
| North America | 2.9 % |
| Middle East | 2.3 % |
| Africa | 1.5 % |
| Other | 1.0 % |
| Total | 100.0 % |
RELATED DOCUMENTS
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.
* Morningstar Canada, out of 131 funds in the Emerging Markets Equity category, 5 years ended July 31, 2014. © 2014 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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. Past performance is no guarantee of future results. Performance is net of fees.
