1Based on Shiller P/E ratio for MSCI Europe Index and S&P 500 Index for June 30, 1983 to June 30, 2013.
The Morningstar Analyst Rating™ for funds (the Analyst Rating) provides a forward-looking evaluation of how these funds might behave in a variety of market environments to help investors choose superior funds. It's based on an analyst’s conviction in a fund’s ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis through a full market cycle of at least five years. For more detailed information about Morningstar's Analyst Rating, including its methodology, go to: http://corporate.morningstar.com/US/documents/MethodologyDocuments/AnalystRatingforFundsMethodology.pdf.
Best Fund Manager 2021 was awarded to the Brandes European Value Fund, a sub-fund of Brandes Investment Funds plc, which provides UCITS Funds for non-U.S. investors. Best Fund Manager Awards go to the individual fund manager generating the highest risk-adjusted returns in a particular sector over the past three years to 31 May 2021 in the United Kingdom. These are based on the individual track records for all funds they have run in the sector over this period. Past performance is not a guarantee of future results.
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