BRANDES GLOBAL VALUE FUND
Sub-fund of Brandes Investment Funds plc
31 MAY 2017
Fund Fact Sheet
SUB-FUND OBJECTIVE
Long-term capital appreciation by investing
primarily in global equity securities of
issuers listed or traded on Recognised
Exchanges whose equity market
capitalisations exceed US$5 billion at the
time of purchase.
INVESTMENT APPROACH
Brandes Investment Partners is a bottomup, value-oriented global equity and fixed
income manager. Brandes believes that a
strategy of buying businesses at a
discount to the firm’s estimate of their true
value has the potential to produce
competitive long-term results.
SUB-FUND CHARACTERISTICS
Fund AUM:
$259,022,486
Legal Structure:
UCITS
Domicile:
Ireland
Base Currency:
USD
Regulator:
Central Bank of Ireland
Investment
Manager:
Brandes Investment
Partners (Europe)
Limited
Share Class
Currencies:
USD, EUR, GBP
Share Classes:
I & X: Institutional
A: Retail
Minimum
Investment:
I: $1mm USD
A: $10,000 USD
X: $50mm USD
Dividend Policy:
A, I, X: Accumulating
A1, I1: Distributing
Trade Frequency:
Daily
Dealing Cutoff:
16:00 New York Time
Listing:
Irish Stock Exchange
Registered:
AT, CH, DE, ES, FR,
IE, LUX, NL, UK
Management Fee:
0.70%
Total Expense
Ratio:
I: 0.87%
A: 1.57%
PERFORMANCE (%)
NAV
$28.48
Fund I USD
MSCI World USD
+/- Index
Fund A USD
MSCI World USD
Fund I EUR
Fund A EUR
MSCI World EUR
Fund I GBP
Fund I1 GBP
Fund A GBP
Fund A1 GBP
MSCI World GBP
NAV
$21.85
€22.61
€18.91
ǧ
ǧ
ǧ
ǧ
YTD
8.37
10.23
-1.86
1 yr
17.64
16.42
+1.22
3 yr
2.21
5.73
-3.52
5 yr
11.62
12.41
-0.79
10 yr
0.40
3.85
-3.45
SI
7.38
8.87
-1.49
Inception Date
24/09/02
1 mo
3.07
2.12
-0.04
-0.11
-1.11
3.64
3.60
3.59
3.50
2.34
3 mo
4.55
4.73
-1.31
-1.51
-1.03
0.75
0.75
0.61
1.35
0.95
YTD
8.22
10.23
1.53
1.18
3.40
3.82
3.65
3.39
4.80
5.51
1 yr
17.47
16.42
16.49
15.52
15.26
33.17
32.18
31.45
34.29
31.26
3 yr
1.95
5.73
9.00
8.15
12.77
12.47
11.55
10.83
11.65
15.37
5 yr
11.13
12.41
13.72
12.90
14.56
16.23
15.68
14.88
15.93
16.43
10 yr
-0.17
3.85
2.14
1.40
5.73
5.04
4.78
4.15
8.37
Fund Index
5.53
8.02
5.75
4.49
Inception
Date
29/11/02
7.41
7.11
01/11/02
29/11/02
7.76
9.42
5.12
8.74
6.88
9.42
9.26 11.33
29/11/02
18/04/07
29/11/02
07/04/10
GROWTH OF $10,000 SINCE INCEPTION
Past performance is not a reliable indicator of future performance. The performance data do not take account of the commissions and costs incurred on the
issue and redemption of units. Changes in exchange rates may have an adverse effect on the value price or income of the product.
The MSCI World Index includes dividends and distributions net of withholding taxes, but does not reflect fees, brokerage commissions or other expenses of
investing.
FUNDAMENTALS
Large
Mid
Small
Blend
3 mo
4.63
4.73
-0.10
Since
Inception
MORNINGSTAR STYLE BOX™
Value
1 mo
3.11
2.12
+0.99
Growth
Avg. Market Cap (Millions)
Price/Book
Price/Earnings
Price/Cash Flow
LT Debt/Equity
ROE
Equity Yield
Cash
Holdings
MSCI
Fund
World
$88,401 $112,481
1.2
2.3
15.8
20.0
6.8
12.1
125.4% 111.6%
7.8%
11.3%
3.2%
2.4%
7.9%
54
TOP 10 HOLDINGS (%)
Sanofi SA
GlaxoSmithKline Plc
Citigroup Inc.
Hyundai Motor Company
BP Plc
Engie SA
Pfizer Inc.
Schneider Electric SE
Samsung Electronics
State Street Corporation
3.5
3.3
3.0
2.7
2.6
2.6
2.5
2.5
2.5
2.4
Trading / Transfer Agent Queries
Phone: +353.1.242.5540
Fax: +353.1.438.9555
Email: [email protected]
brandes.com/ucits
FOR PROFESSIONAL INVESTORS
ONLY
Source: Brandes Investment Partners, MSCI and Morningstar. Allocations and performance data as of 31 May 2017. Holdings are subject to change at any
time and should not be considered a recommendation to buy or sell particular securities. Current and future fund holdings are subject to risk. Ongoing market
volatility can dramatically impact the sub-fund’s short term returns. Current performance may differ from figures shown. The sub-fund’s investment return and
principal value will change with market conditions and you may have a gain or a loss when you sell your shares. Past performance is not a reliable indicator
of future results. Total returns include reinvestment of dividends and capital gains. All figures of one year and above are annualised. For more information on
the risks associated with the sub-fund, please refer to the last page of this fact sheet and refer to the sections entitled Risk Factors in the prospectus for more
details.
BRANDES GLOBAL VALUE FUND FACT SHEET - 31 MAY 2017
COUNTRY ALLOCATION (%)
REGIONAL ALLOCATION (%)
United States
United Kingdom
France
South Korea
Switzerland
Japan
Italy
Russia
Brazil
Sweden
Other
Fund
32.5
14.0
12.4
8.1
4.5
4.4
2.7
2.5
2.0
1.8
7.2
MSCI World
59.2
6.7
4.0
3.4
8.6
0.8
1.1
16.2
Fund
24.6
16.5
11.3
10.3
8.5
7.4
6.3
3.7
3.5
-
MSCI World
17.2
12.3
12.5
6.1
16.0
10.0
11.4
3.1
3.3
4.9
3.2
SECTOR ALLOCATION (%)
Financials
Health Care
Consumer Discret.
Energy
Info. Tech.
Consumer Staples
Industrials
Telecom. Svcs.
Utilities
Materials
Real Estate
SHARE CLASS IDENTIFIERS
Share Class
ISIN
CUSIP
Sedol
Bloomberg
Valoren
WKN
Inception Date
Global Value I USD
IE0031574191
G1309T154
3157419
BRANGEI
1530592
260186
24 Sep 2002
Global Value I EUR
IE0031574209
G1309T147
3157420
BRANGEE
1530576
260187
1 Nov 2002
Global Value I GBP
IE0031574423
G1309T105
3157442
BIFGEAE
1530583
260188
29 Nov 2002
Global Value I1 GBP
IE00B1SHJJ14
G1309T311
B1SHJJ1
BRGLEFI
2959190
A0MNJD
18 Apr 2007
Global Value A USD
IE0031573896
G1309T121
3157389
BIFGEAD
1530557
260179
29 Nov 2002
Global Value A EUR
IE0031573904
G1309T139
3157390
BIFGGAE
1530566
260180
29 Nov 2002
Global Value A GBP
IE0031574084
G1309T113
3157408
BIFGEAS
1530586
260185
29 Nov 2002
Global Value A1 GBP
IE00B1SHJL36
G1309T329
B1SHJL3
BIFGEA1
2959192
A0MNJE
7 Apr 2010
Global Value X USD
IE00BYXWTH02
G1309T469
BYXWTH0
BRANGXU
29416458
A14Y7L
Global Value X EUR
IE00BYXWTJ26
G1309T477
BYXWTJ2
BRANGXE
29417212
A14Y7M
Global Value X GBP
IE00BYXWTK31
G1309T485
BYXWTK3
BRANGXG
29417343
A14Y7N
Morningstar Rating™
Overall
10 Mar 2016
Class I Shares will generally be offered to institutional investors only, as determined by the Directors in their absolute discretion. The minimum initial subscription applicable to Class I Shares is USD1 million or its
equivalent in another currency, save for Class I Shares with a GBP denominated currency for which there is a minimum initial subscription of GBP10,000.
Class A Shares may be offered by the Distributors only. The minimum initial subscription applicable to A Shares is USD10,000 or its equivalent in another currency. A Distribution fee of up to 1% of the Net Asset Value
of the relevant Class A Shares shall be payable out of the assets of the Sub-Fund to the Distributors.
Class X Shares will be offered to investors who have entered into a Subscription Agreement with the Investment Manager authorising investment in Class X Shares. The minimum initial subscription applicable to Class
X Shares is USD50 million or its equivalent in another currency. No fees are charged to the assets in respect of Class X Shares. The investment management fee shall be invoiced to each investor of the Class X
Shares in accordance with the terms of the Subscription Agreement.
Class I1 and A1 Shares are distributing share classes. Distributions are paid on an annual basis with the record date being the last business day of the calendar year.
Class IH and AH Shares are currency hedged, whereby the share class currency is hedged against the Sub-Fund’s base currency.
©2017 Morningstar. 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.
FOR PROFESSIONAL INVESTORS ONLY
BRANDES GLOBAL VALUE FUND FACT SHEET - 31 MAY 2017
Source: Brandes Investment Partners, MSCI and Morningstar. MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in
the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products. All indices are unmanaged and are not available for direct investment. The Morningstar RatingTM for funds, or
"star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history.
Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a
managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5%
receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance
figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119
months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year
period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Brandes Global Value Fund was rated against the following numbers of Global Large-Cap Value
Equity funds over the following time periods: 473 funds in the last three years; 380 funds in the last five years; 251 funds in the last 10 years. ©2017 Morningstar. 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 not a reliable indication of future results.
This Report is produced by the Investment Manager for marketing purposes only and does not constitute an offer or solicitation to subscribe for Shares in Brandes Investment Funds plc (the “Fund”). For more information on
the risks associated with the sub-fund, please refer to the sections entitled Risk Factors on page 19 and Risk Factors of an Investment in the Global Value Fund on page 50 of the prospectus. Full details regarding the Fund
are set out in the key investor information document (the “KIID”), the prospectus, the articles of association and the latest financial reports published for the Fund (the “Fund Documents”). Before any subscription, it is
recommended that you read carefully the Fund Documents. Please note that the prospectus and the financial reports of the Fund are available in English and German and the articles of association only in English. The
information provided in this material should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any security transactions, holdings, or sectors discussed were or will
be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance discussed herein. Income may fluctuate in accordance with market
conditions and taxation arrangements. Investment in the sub-fund described in this report carries a substantial degree of risk and places your capital at risk. The price and value of investments can go down as well as up. Your
investment may be subject to a redemption fee. You may not get back the original amount invested and you may lose all of your investment. Strategies discussed are subject to change at any time by the investment manager
in its discretion due to market conditions or opportunities. The foregoing reflects the thoughts and opinions of Brandes Investment Partners exclusively and is subject to change without notice.
The Fund documents may be obtained without cost by contacting the Administrator for the Fund, your Financial Representative, or at the offices of the paying agent or representative in each jurisdiction. Austria: Unicredit Bank
Austria AG, 8398 Global Securities Sales & Services, P.O. Box 35, A1011 Vienna, Austria. France: Société Générale, 29 Boulevard Haussmann, 75009 Paris, France. Germany: Marcard, Stein & Co AG, Ballindamm 36,
20095 Hamburg, Germany. Luxembourg: Société Générale Bank & Trust Luxembourg, 11 Avenue Emile Reuter, L-2420 Luxembourg. Switzerland: Representative and Paying Agent: BNP Paribas Securities Services, Paris,
succursale de Zurich, Selnaustrasse 16, 8002 Zurich, Switzerland. United Kingdom: Duff & Phelps, Ltd., 14th Floor, The Shard, 32 London Bridge Street, London, England SE1 9SG. The Spanish Distributors must provide to
each investor, prior to subscribing the shares of the Sub-fund, a copy translated into Spanish of the KIID and the latest published economic report. In addition, a copy of the report on the planned types of marketing in Spain
must be provided using the form published on the CNMV website. All mandatory official documentation shall be available through the Spanish Distributors, in hard copy or by electronic means, and also available
www.brandes.com/ucits. You may also obtain updated information on the net asset value of the relevant shares www.fundinfo.com. It is advisable to obtain further information and request professional advice before taking an
investment decision. The distribution of this Report may be restricted by law. No action has been or will be taken by the Investment Manager to permit the possession or distribution of this Report in any jurisdiction where
action for that purpose may be required. Accordingly, this Report may not be used in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons to whom this
Report is communicated should inform themselves about and observe any such restrictions. The Fund is not offered or sold to “U.S. Persons” as defined in Regulation S of the U.S. Securities Act of 1933 This report is
reserved for professional clients as defined by the European Directive 2004/39/EC dated 21 April 2004 (MiFID) and is not for retail distribution. Any entity responsible for forwarding this material to other parties takes
responsibility for ensuring compliance with the financial promotion rules. This Report is a confidential communication to, and solely for the use of, the persons to whom it is distributed to by Brandes Investment Partners
(Europe) Limited. Brandes Investment Partners (Europe) Limited is regulated by the Central Bank of Ireland and is registered in Ireland at the below address. Registration number 510203.
Brandes Investment Partners (Europe) Limited
36 Lower Baggot Street | Dublin 2, Ireland
Phone: +353.1.618.2700 | Email: [email protected]
BRANDES.COM/UCITS
FOR PROFESSIONAL INVESTORS ONLY