Brandes International Equity Fund Series F (CAD)
- Distribution Frequency: Annually
- Number of Holdings: 59
- Total Net Assets: C$101 M
REASONS TO OWN
The Brandes International Equity Fund invests in 35–85 larger companies from outside of North America that Brandes believes are trading at a price below fair value and that have appreciation potential.
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Features
- Broad overseas diversification
- Flexible approach unconstrained by indices
- Low portfolio valuations (e.g., P/E, P/B)
- Distributions paid annually
- Unhedged foreign currency exposure
Benefits
- Consistent value approach ensures no style drift
- Potential for long-term outperformance
- Can avoid expensive markets and preserve capital
- Can provide diversification to other investments
- Exposure to a broad basket of non-USD currencies
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | Sales Option | C$ | US$ |
| A | SC | 161 | 163 |
| A | DSC | 261 | 263 |
| A | LL | 209 | 210 |
| F | - | 561 | 563 |
Inception: July 2 2002|Series F (CAD)|MER: 1.21 %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 International Equity Fund | -15.36 | -24.46 | -19.85 | -24.46 | -21.31 | -6.07 | -2.31 | 4.21 | 3.46 | 3.02 | ||
| MSCI EAFE Index | -8.12 | -15.29 | -10.26 | -15.29 | -8.78 | 0.34 | 1.73 | 6.77 | 6.25 | 4.24 | ||
| Calendar Year Performance (%) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brandes International Equity Fund | -1.09 | -9.54 | 8.54 | 34.95 | 2.12 | 15.40 | 3.62 | 7.98 | -2.43 | 8.47 | ||
| MSCI EAFE Index | 2.13 | -9.96 | 14.72 | 31.01 | 3.67 | 18.95 | -2.49 | 16.82 | -6.03 | 15.85 | ||
As of: March 31, 2020
$16,961.00GROWTH OF $10,000 SINCE INCEPTION
TOP 10 COUNTRIES
| Country | |
|---|---|
| United Kingdom | 20.9 % |
| France | 19.3 % |
| Japan | 13.1 % |
| Switzerland | 7.0 % |
| Italy | 6.0 % |
| South Korea | 5.2 % |
| Mexico | 3.5 % |
| Brazil | 2.8 % |
| Germany | 2.4 % |
| Netherlands | 2.2 % |
| Total | 82.4 % |
| Total # of Countries | 18 |
TOP 10 POSITIONS
| Security | |
|---|---|
| Cash & Cash Equivalent | 5.8 % |
| GlaxoSmithKline PLC ORD | 3.7 % |
| Sanofi ORD | 3.5 % |
| Takeda Pharmaceutical Co. Ltd. | 3.2 % |
| Carrefour SA | 2.7 % |
| BP PLC | 2.6 % |
| ENI S.p.A. ORD | 2.6 % |
| Fibra Uno Admin. SA ORD | 2.2 % |
| Publicis Groupe | 2.1 % |
| UBS AG | 2.1 % |
| Top 10 Total | 30.5 % |
| Total # of Securities | 59 |
SECTOR EXPOSURE
| Sector | |
|---|---|
| Financials | 17.3 % |
| Consumer Staples | 12.4 % |
| Health Care | 11.8 % |
| Energy | 11.2 % |
| Consumer Discretionary | 10.1 % |
| Communication Services | 9.9 % |
| Materials | 6.9 % |
| Industrials | 6.9 % |
| Information Technology | 3.7 % |
| Real Estate | 2.2 % |
| Other | 7.6 % |
| Total | 100.0 % |
REGIONAL MIX
| Region | |
|---|---|
| Europe | 65.7 % |
| Asia | 22.3 % |
| Latin America | 6.3 % |
| Other | 5.7 % |
| Total | 100.0 % |
RELATED DOCUMENTS
Fund Commentary - Brandes International Equity Fund
Infographic (page) - Brandes - Global Value Features Big Brands
Infographic (pdf) - Brandes - Global Value Features Big Brands
Infographic (pdf) - Brandes - Seeking Value Opportunities in Oil & Gas
Infographic (pdf) - Brandes - The Value Brandes Sees in Europe Today
Infographic (pdf) - Brandes - Value Wakeup Call
Infographic (pdf) - Brandes - Why Investors Should Consider International Equities Now
Infographic (pdf) - Brandes – Tilt to International Equities
Infographic (page) - Brandes - Tilt to International Equities
Manager Commentary - Brandes
Prospectus Documents (page)
Brandes International Equity Fund Presentation 
Interim MRFP - Brandes International Equity Fund
MRFP - Brandes International Equity Fund
Monthly Profile Sheet – Brandes International Equity Fund – Series A
Monthly Profile Sheet – Brandes International Equity Fund – Series 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.
