Brandes U.S. Equity Fund Series F (CAD)

MONTHLY PROFILE SHEET for Series F (CAD)

As of May 31, 2020

Distribution Frequency: Annually
Number of Holdings: 55
Total Net Assets: C$68 M

REASONS TO OWN

The Brandes U.S. Equity Fund invests in 35–85 U.S. companies of all sizes that Brandes believes are trading at a price below fair value and that have appreciation potential.

Features

Looks different than the benchmark
All-cap flexibility unconstrained by indices
Low portfolio valuations (e.g., P/E, P/B)
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
Investors can choose currency exposure

Portfolio Sub-Advisors

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

Fundserv : BIP

		Fund Number
Series	Sales Option	C$	US$
A	SC	141	143
A	DSC	241	243
A	LL	215	216
AH	SC	348	-
AH	DSC	342	-
AH	LL	343	-
F	-	541	543
FH	-	344	-

Inception: July 2 2002|Series F (CAD)|MER: 1.20 %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 U.S. Equity Fund		2.47	-1.86	-10.56	-10.37	0.51	2.63	6.19	10.73	12.58	3.89
S&P 500 Index		4.18	6.50	1.57	1.03	14.68	10.43	11.44	15.61	15.59	7.57

Calendar Year Performance (%)		2010	2011	2012	2013	2014	2015	2016	2017	2018	2019
Brandes U.S. Equity Fund		8.76	0.85	14.75	45.08	23.53	12.31	14.66	6.68	0.22	17.42
S&P 500 Index		-	3.99	12.67	40.37	23.18	20.83	7.38	13.15	3.62	24.09

As of: May 31, 2020
$19,792.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 POSITIONS

Security
Cash & Cash Equivalent	5.0 %
McKesson Corp	3.4 %
Comcast Corp	3.2 %
Citigroup Inc.	2.8 %
Laboratory Corp of Amer Holdings	2.8 %
Merck & Co. Inc.	2.8 %
Cardinal Health Inc.	2.6 %
Alphabet Inc	2.6 %
Bank of America Corp	2.5 %
Pfizer Inc.	2.5 %
Top 10 Total	30.2 %
Total # of Securities	55

SECTOR EXPOSURE

Sector
Health Care	26.0 %
Financials	23.2 %
Information Technology	13.8 %
Communication Services	8.9 %
Industrials	8.1 %
Consumer Discretionary	4.6 %
Energy	4.4 %
Materials	2.5 %
Consumer Staples	2.5 %
Real Estate	1.1 %
Other	5.1 %
Total	100.0 %

FUND FACTS

NI 81-101 Fund Facts - Brandes U.S. Equity Fund Class A

NI 81-101 Fund Facts - Brandes U.S. Equity Fund Class AH

NI 81-101 Fund Facts - Brandes U.S. Equity Fund Class F

NI 81-101 Fund Facts - Brandes U.S. Equity Fund Class FH

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 U.S. Equity Fund Series F (CAD)

REASONS TO OWN

Features

Benefits

Portfolio Sub-Advisors

Fundserv : BIP

Inception: July 2 2002|Series F (CAD)|MER: 1.20 %PERFORMANCE: Series F (CAD)

As of: May 31, 2020
$19,792.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 POSITIONS

SECTOR EXPOSURE

RELATED DOCUMENTS

FUND FACTS

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Brandes U.S. Equity Fund Series F (CAD)

REASONS TO OWN

Features

Benefits

Portfolio Sub-Advisors

Fundserv : BIP

Inception: July 2 2002|Series F (CAD)|MER: 1.20 %PERFORMANCE: Series F (CAD)

As of: May 31, 2020 $19,792.00GROWTH OF $10,000 SINCE INCEPTION

TOP 10 POSITIONS

SECTOR EXPOSURE

RELATED DOCUMENTS

FUND FACTS

Login Now

First Time User?

As of: May 31, 2020
$19,792.00GROWTH OF $10,000 SINCE INCEPTION