Brandes Global Small Cap Equity Fund Series F (CAD)

MONTHLY PROFILE SHEET for Series F (CAD)

As of October 31, 2020

Distribution Frequency: Annually
Number of Holdings: 88
Total Net Assets: C$207 M

REASONS TO OWN

The Brandes Global Small Cap Equity Fund invests in 35–85 smaller companies from around the world that Brandes believes are trading at a price below fair value and that have appreciation potential.

Features

Most holdings are <$2.5 billion in market cap
Average company age is greater than 50 years
Low portfolio valuations (e.g., P/E, P/B)
Distributions paid annually
Unhedged foreign currency exposure

Benefits

Historically strong performing small cap asset class
Value approach thrives in small cap space
Potential for long-term outperformance
Can provide diversification to other investments
Exposure to a broad basket of foreign currencies

Portfolio Sub-Advisors

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

Fundserv : BIP

		Fund Number
Series	Sales Option	C$	US$
A	SC	152	154
A	DSC	252	254
A	LL	211	212
F	-	552	554

Inception: July 2 2002|Series F (CAD)|MER: 1.58 %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 Global Small Cap Equity Fund		-2.71	-1.78	6.02	-12.15	-10.16	-8.73	-1.15	3.93	7.53	5.10
S&P Developed Small Cap Index		-0.47	1.75	12.85	-4.02	1.06	2.64	6.58	9.31	10.92	7.75

Calendar Year Performance (%)		2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
Brandes Global Small Cap Equity Fund		23.08	-14.27	35.11	36.24	9.27	23.50	15.40	2.86	-13.19	0.95
S&P Developed Small Cap Index		-	-6.68	14.94	40.90	10.99	20.22	7.23	14.72	-6.44	19.20

As of: October 31, 2020
$24,902.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 COUNTRIES

Country
United States	17.5 %
United Kingdom	17.2 %
Japan	12.7 %
Mexico	5.2 %
Hong Kong	5.2 %
Canada	5.1 %
France	4.1 %
Spain	3.9 %
Ireland	3.5 %
South Korea	3.2 %
Total	77.6 %
Total # of Countries	24

TOP 10 POSITIONS

Security
J Sainsbury PLC ORD	3.2 %
G4S PLC	3.0 %
Wm. Morrison Supermarkets PLC	2.9 %
Fibra Uno Admin. SA ORD	2.6 %
Komori Corp	2.4 %
Sierra Wireless	2.4 %
First Pacific Co. Ltd.	2.3 %
Edgewell Personal Care Co	2.3 %
Embraer SA*	2.3 %
C&C Group PLC	1.9 %
Top 10 Total	25.3 %
Total # of Securities	88

SECTOR EXPOSURE

Sector
Consumer Staples	17.5 %
Industrials	17.1 %
Financials	16.3 %
Consumer Discretionary	10.5 %
Health Care	8.4 %
Information Technology	7.5 %
Energy	5.7 %
Communication Services	5.6 %
Real Estate	5.1 %
Materials	2.5 %
Other	3.9 %
Total	100.0 %

REGIONAL MIX

Region
Europe	39.1 %
Asia	25.6 %
North America	24.2 %
Latin America	9.1 %
Middle East	1.1 %
Other	0.9 %
Total	100.0 %

FUND FACTS

NI 81-101 Fund Facts - Brandes Global Small Cap Equity Fund Class A

NI 81-101 Fund Facts - Brandes Global Small Cap Equity Fund Class D

NI 81-101 Fund Facts - Brandes Global Small Cap Equity Fund Class F

The Fund is relying on Ontario Instrument 81-503 Extension of Certain Filing, Delivery and Prospectus Renewal Requirements of Investment Funds in order to

extend the prospectus renewal timing requirements set out in section 62 of the Securities Act (Ontario) by up to 45 days. The current lapse date of the Fund

is May 13, 2020.

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.

Bridgehouse Asset Managers

Brandes Global Small Cap Equity Fund Series F (CAD)

REASONS TO OWN

Features

Benefits

Portfolio Sub-Advisors

Fundserv : BIP

Inception: July 2 2002|Series F (CAD)|MER: 1.58 %PERFORMANCE: Series F (CAD)

As of: October 31, 2020
$24,902.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 COUNTRIES

TOP 10 POSITIONS

SECTOR EXPOSURE

REGIONAL MIX

RELATED DOCUMENTS

FUND FACTS

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Brandes Global Small Cap Equity Fund Series F (CAD)

REASONS TO OWN

Features

Benefits

Portfolio Sub-Advisors

Fundserv : BIP

Inception: July 2 2002|Series F (CAD)|MER: 1.58 %PERFORMANCE: Series F (CAD)

As of: October 31, 2020 $24,902.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 COUNTRIES

TOP 10 POSITIONS

SECTOR EXPOSURE

REGIONAL MIX

RELATED DOCUMENTS

FUND FACTS

Login Now

First Time User?

As of: October 31, 2020
$24,902.00GROWTH OF $10,000 SINCE INCEPTION