Brandes International Equity Fund Series F (CAD)

MONTHLY PROFILE SHEET for Series F (CAD)

As of December 31, 2020

Distribution Frequency: Annually
Number of Holdings: 62
Total Net Assets: C$112 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.

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

INFOGRAPHIC

The Case for International Equities Now

Portfolio Sub-Advisors

Brandes Investment Partners, L.P.
Brandes International Large Cap Investment Committee

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		3.47	16.53	16.81	-3.65	-3.65	0.66	2.67	4.32	5.95	4.25
MSCI EAFE Index		2.88	10.68	13.75	5.92	5.92	4.87	5.61	7.13	8.16	5.33

Calendar Year Performance (%)		2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Brandes International Equity Fund		-9.54	8.54	34.95	2.12	15.40	3.62	7.98	-2.43	8.47	-3.65
MSCI EAFE Index		-9.96	14.72	31.01	3.67	18.95	-2.49	16.82	-6.03	15.85	5.92

As of: December 31, 2020
$21,631.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 COUNTRIES

Country
France	19.3 %
United Kingdom	18.6 %
Japan	12.6 %
Switzerland	9.2 %
Mexico	6.5 %
Italy	6.3 %
South Korea	4.9 %
Brazil	4.8 %
Germany	3.2 %
Spain	3.0 %
Total	88.4 %
Total # of Countries	19

TOP 10 POSITIONS

Security
Takeda Pharmaceutical Co. Ltd.	3.7 %
Fibra Uno Admin. SA ORD	2.8 %
Publicis Groupe	2.7 %
GlaxoSmithKline PLC ORD	2.6 %
WPP PLC	2.5 %
ENI S.p.A. ORD	2.4 %
Credit Suisse Group AG	2.4 %
UBS AG	2.3 %
Carrefour SA	2.3 %
Heidelbergcement AG	2.3 %
Top 10 Total	26.0 %
Total # of Securities	62

SECTOR EXPOSURE

Sector
Financials	19.1 %
Consumer Staples	17.9 %
Health Care	13.7 %
Energy	11.5 %
Consumer Discretionary	9.4 %
Materials	8.5 %
Communication Services	8.1 %
Industrials	4.6 %
Real Estate	2.8 %
Utilities	2.0 %
Other	2.3 %
Total	100.0 %

REGIONAL MIX

Region
Europe	67.3 %
Asia	20.8 %
Latin America	11.3 %
Other	0.6 %
Total	100.0 %

FUND FACTS

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

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

NI 81-101 Fund Facts - Brandes International 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 International Equity Fund Series F (CAD)

REASONS TO OWN

Features

Benefits

INFOGRAPHIC

Portfolio Sub-Advisors

Fundserv : BIP

Inception: July 2 2002|Series F (CAD)|MER: 1.21 %PERFORMANCE: Series F (CAD)

As of: December 31, 2020
$21,631.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 COUNTRIES

TOP 10 POSITIONS

SECTOR EXPOSURE

REGIONAL MIX

RELATED DOCUMENTS

FUND FACTS

Login Now

First Time User?

Brandes International Equity Fund Series F (CAD)

REASONS TO OWN

Features

Benefits

INFOGRAPHIC

Portfolio Sub-Advisors

Fundserv : BIP

Inception: July 2 2002|Series F (CAD)|MER: 1.21 %PERFORMANCE: Series F (CAD)

As of: December 31, 2020 $21,631.00GROWTH 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: December 31, 2020
$21,631.00GROWTH OF $10,000 SINCE INCEPTION