The Brandes Global Balanced Strategy seeks long-term capital appreciation and current income by investing primarily in a combination of equity securities and fixed income securities.
Brent Fredberg is a Director, Investments Group, a Senior Analyst and leader of the Technology Research Team. Mr. Fredberg sits on the Consumer Products Research Team, with a primary focus on household durables companies. He is a member of the Global Large-Cap Investment Committee and the Investment Oversight Committee. Mr Fredberg is a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Fredberg was a Financial Analyst and Controller with Raytheon/Amana Appliances. He earned his MBA with distinction from Northwestern University’s Kellogg Graduate School of Management and his BS in finance with distinction from the University of Iowa. Mr. Fredberg is a CMA (inactive). His experience began in 1994 and he joined Brandes Investment Partners in 1999.
Ted Kim is the Director of Research, leading the firm’s overall research efforts. He is also a Senior Analyst and leader of the Industrials Research Team, specializing in the automotive and capital goods industries. Mr. Kim is a member of the Global Large-Cap Investment Committee and a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Kim was a Product and Manufacturing Engineer at a major U.S. automobile company. He earned his MBA from the Kellogg Graduate School of Management at Northwestern University. Mr. Kim has an MS in system design and management and a BS in mechanical engineering, both from the Massachusetts Institute of Technology. His relevant experience began in 2000 when he joined Brandes Investment Partners.
Ken Little oversees the firm’s research efforts and product investment committees. He is a member of the All-Cap Investment Committee and the Global Large-Cap Investment Committee. Additionally he is a member of the firm’s Executive Management Group, which oversees the firm’s day-to-day operations and long-term strategic direction, and a member of the ESG Steering Committee, which is responsible for guiding the firm’s long-term ESG strategy and initiatives. He is a limited partner of the firm’s parent company.
Before joining Brandes, Mr. Little was a Senior Accountant with KPMG. He holds a BS in accounting from the University of La Verne and an MBA from the Fuqua School of Business at Duke University. Mr. Little is a Certified Public Accountant (inactive). His investment experience began in 1996 when he joined Brandes Investment Partners.
Brian Matthews is a Director, Investments Group and a Senior Analyst on the Telecommunications Research Team. He is a member of the Global Large-Cap Investment Committee and a limited partner of the firm’s parent company. Mr. Matthews was previously a member of the Small-Cap Investment Committee. Before joining the firm, he worked as an Investment Banking Analyst with Merrill Lynch.
Mr. Matthews earned his BS with concentrations in finance and management (summa cum laude) from the Wharton School of the University of Pennsylvania. His relevant experience began in 2000 and he joined Brandes Investment Partners in 2002.
As of Sep 30, 2024 | Reporting Currency: USD
Data displayed as of Sep 30, 2024
| Company | % | Country | Industry |
|---|---|---|---|
| United States Treasury Note | 23.8 | United States | Fixed Income – Treasury |
| Sanofi SA | 3.1 | France | Pharmaceuticals |
| Erste Group Bank AG | 3.0 | Austria | Banks |
| Imperial Brands PLC | 2.6 | United Kingdom | Tobacco |
| Comcast Corp | 2.5 | United States | Media |
| Citigroup Inc | 2.4 | United States | Banks |
| GSK PLC | 2.2 | United Kingdom | Pharmaceuticals |
| Shell PLC | 2.1 | United Kingdom | Oil, Gas & Consumable Fuels |
| Embraer SA | 2.1 | Brazil | Aerospace & Defense |
| UBS Group AG | 2.1 | Switzerland | Capital Markets |
| % of Portfolio | 45.9 | ||
| Portfolio holdings are subject to change at any time at the discretion of the investment manager. | |||
| Market Classification | Global Balanced | World Balanced Index |
|---|---|---|
| Developed Markets | 90.7 | 100.0 |
| Emerging Markets | 7.6 | - |
The Brandes Global Balanced Composite seeks to achieve long-term capital appreciation and current income by investing primarily in a combination of undervalued equity securities and fixed income securities of both U.S. and non-U.S. issuers. It primarily invests in equity securities whose equity market capitalization exceeds $1 billion, short to intermediate maturity bonds and cash equivalents. The composite will typically have between 40% and 75% of its total assets invested in equity securities, determined at time of purchase, depending on the firm’s ability to find individual companies meeting its investment criteria. Generally, no more than 30% of the composite total assets, measured at the time of purchase, may be invested in equity securities of companies located in emerging and frontier countries throughout the world.
SMART: Brandes Separately Managed Account Reserve Trust is a registered investment company offered by Brandes.
The World Balanced Index (rebalanced monthly) is composed of 70% MSCI World Index with net dividends and 30% U.S. Broad Investment Grade Corporate Bond Index. The MSCI World Index captures large and mid cap representation of developed markets. The U.S. Broad Investment Grade Corporate Bond Index tracks the performance of U.S. dollar denominated bonds issued in the U.S. investment grade bond market. Prior to April 1, 2015, the World Balanced index was composed of a 50 percent allocation to each benchmark in the blend. Brandes Investment Partners believes the rebalance of the benchmark’s allocation better represents the Global Balanced strategy’s asset allocation to equities and fixed income.
The portfolio characteristics shown relate to a single account deemed by Brandes to be generally representative of the strategy as of date noted. Not every account will have these exact characteristics. The actual characteristics with respect to any particular account will vary based on a number of factors including but not limited to: (i) the size of t he account; (ii) investment restrictions applicable to the account, if any; and (iii) market exigencies at the time of investment. Data is updated on a quarterly basis.
The results for individual accounts and for different periods may vary. Investors should not rely on prior performance results as a reliable indication of future results. Market conditions may impact performance. The performance results presented were achieved in particular market conditions which may not be repeated. Moreover, the current market volatility and uncertain regulatory environment may have a negative impact on future performance.
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