Brandes - U.S. Institutions - U.S. Value Equity Strategy

Investment Strategies

Why U.S. Equities

  • Value — The strategy consistently applies a disciplined investment process focused on uncovering companies with potentially attractive value attributes.
  • Flexibility — The strategy is a primarily large cap mandate with the ability and willingness to be different than the benchmark, and has the freedom to invest across the full spectrum of sectors and industries.
  • Pioneer — Brandes is a pioneer in value investing, having navigated global markets for over 40 years.

Partner with a Pioneer in Global Value Investing

  • Experienced Professionals — The Investment Committee is composed of experienced professionals who have managed extreme market cycles.
  • Commitment to Transparent, Easy to Understand Investment Process — The firm consistently applies a Graham-and-Dodd, value investing approach centered on a research-driven process of purchasing potentially undervalued companies with the goal of capturing future price appreciation.
  • Independent Point of View — Brandes Investment Partners is a 100% employee owned firm and its strategies are unhindered by sales quotas or any outside influence that may impede the firm’s pursuit of investment management excellence.

The Brandes U.S. Value Equity Strategy seeks long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalizations that exceed $5 billion at the time of purchase.

The strategy primary benchmark is the S&P 500 Index.

GIPS® Compliant Presentation:

Annualized Performance (Net)

THROUGH September 30, 2019 | REPORTING CURRENCY: USD
 
1 Year
3 Years
5 Years
7 Years
10 Years
15 Years
20 Years
U.S. Value Equity
1.15%
10.08%
7.91%
12.24%
11.82%
4.88%
6.04%
Primary Benchmark (a)
4.25%
13.39%
10.84%
13.26%
13.24%
9.01%
6.33%
Relative Performance
-3.10%
-3.31%
-2.93%
-1.02%
-1.42%
-4.13%
-0.29%

Annualized Performance (Gross)

THROUGH September 30, 2019 | REPORTING CURRENCY: USD
 
1 Year
3 Years
5 Years
7 Years
10 Years
15 Years
20 Years
U.S. Value Equity
2.03%
10.84%
8.60%
12.98%
12.59%
5.67%
6.84%
Primary Benchmark (a)
4.25%
13.39%
10.84%
13.26%
13.24%
9.01%
6.33%
Relative Performance
-2.22%
-2.55%
-2.24%
-0.28%
-0.65%
-3.34%
0.51%

Annual Periods (Net)

THROUGH September 30, 2019 | REPORTING CURRENCY: USD
 
2018
2017
2016
2015
2014
2013
2012
U.S. Value Equity
-6.48%
14.92%
18.63%
-4.36%
13.45%
37.60%
18.54%
Primary Benchmark (a)
-4.38%
21.83%
11.96%
1.38%
13.69%
32.39%
16.00%
 
2011
2010
2009
2008
2007
2006
2005
U.S. Value Equity
-1.04%
15.95%
35.00%
-55.44%
-15.26%
26.67%
-4.59%
Primary Benchmark (a)
2.11%
15.06%
26.46%
-37.00%
5.49%
15.79%
4.91%
 
2004
2003
2002
2001
2000
1999
U.S. Value Equity
13.61%
42.78%
-22.08%
16.06%
34.04%
-12.45%
Primary Benchmark (a)
10.88%
28.68%
-22.10%
-11.89%
-9.10%
21.04%

Quarterly Performance (Net And Gross)

THROUGH September 30, 2019 | REPORTING CURRENCY: USD
Year
 
1Q
2Q
3Q
4Q
YTD
2019
NET
GROSS
Primary Benchmark (a)
-00 8.25%
-00 8.40%
-0 13.65%
-00 3.90%
-00 4.04%
-00 4.30%
-00 1.36%
-00 1.50%
-00 1.70%
-0000000
-0000000
-0000000
-0 14.00%
-0 14.47%
-0 20.55%
2018
NET
GROSS
Primary Benchmark (a)
00 -1.87%
00 -1.73%
00 -0.76%
-00 1.55%
-00 1.70%
-00 3.43%
-00 5.77%
-00 5.92%
-00 7.71%
0 -11.27%
0 -10.87%
0 -13.52%
00 -6.48%
00 -5.64%
00 -4.38%
2017
NET
GROSS
Primary Benchmark (a)
-00 3.81%
-00 3.96%
-00 6.07%
-00 3.90%
-00 4.05%
-00 3.09%
-00 2.04%
-00 2.18%
-00 4.48%
-00 4.42%
-00 4.60%
-00 6.64%
-0 14.92%
-0 15.60%
-0 21.83%
2016
NET
GROSS
Primary Benchmark (a)
-00 0.61%
-00 0.75%
-00 1.35%
-00 2.25%
-00 2.40%
-00 2.46%
-00 5.92%
-00 6.07%
-00 3.85%
-00 8.87%
-00 9.06%
-00 3.82%
-0 18.63%
-0 19.35%
-0 11.96%
2015
NET
GROSS
Primary Benchmark (a)
00 -1.54%
00 -1.41%
-00 0.95%
00 -0.10%
-00 0.03%
-00 0.28%
00 -6.62%
00 -6.49%
00 -6.44%
-00 4.13%
-00 4.30%
-00 7.04%
00 -4.36%
00 -3.82%
-00 1.38%
2014
NET
GROSS
Primary Benchmark (a)
-00 3.77%
-00 3.94%
-00 1.81%
-00 4.04%
-00 4.22%
-00 5.23%
00 -0.15%
-00 0.01%
-00 1.13%
-00 5.25%
-00 5.41%
-00 4.93%
-0 13.45%
-0 14.19%
-0 13.69%
2013
NET
GROSS
Primary Benchmark (a)
-0 15.74%
-0 15.95%
-0 10.61%
-00 4.71%
-00 4.89%
-00 2.91%
-00 5.61%
-00 5.79%
-00 5.24%
-00 7.51%
-00 7.70%
-0 10.51%
-0 37.60%
-0 38.56%
-0 32.39%
2012
NET
GROSS
Primary Benchmark (a)
-0 12.80%
-0 13.00%
-0 12.59%
00 -3.94%
00 -3.76%
00 -2.75%
-00 5.79%
-00 5.98%
-00 6.35%
-00 3.41%
-00 3.59%
00 -0.38%
-0 18.54%
-0 19.40%
-0 16.00%
2011
NET
GROSS
Primary Benchmark (a)
-00 6.97%
-00 7.17%
-00 5.92%
00 -2.40%
00 -2.22%
-00 0.10%
0 -16.88%
0 -16.72%
0 -13.87%
-0 14.03%
-0 14.25%
-0 11.82%
00 -1.04%
00 -0.29%
-00 2.11%
2010
NET
GROSS
Primary Benchmark (a)
-00 7.12%
-00 7.32%
-00 5.39%
0 -12.55%
0 -12.38%
0 -11.43%
-0 11.50%
-0 11.71%
-0 11.29%
-0 11.01%
-0 11.22%
-0 10.76%
-0 15.95%
-0 16.84%
-0 15.06%
2009
NET
GROSS
Primary Benchmark (a)
0 -14.69%
0 -14.51%
0 -11.01%
-0 21.68%
-0 21.91%
-0 15.93%
-0 25.63%
-0 25.87%
-0 15.61%
-00 3.52%
-00 3.72%
-00 6.04%
-0 35.00%
-0 36.07%
-0 26.46%
2008
NET
GROSS
Primary Benchmark (a)
0 -12.53%
0 -12.35%
00 -9.44%
0 -14.00%
0 -13.82%
00 -2.73%
0 -13.39%
0 -13.21%
00 -8.37%
0 -31.61%
0 -31.46%
0 -21.94%
0 -55.44%
0 -55.07%
0 -37.00%
2007
NET
GROSS
Primary Benchmark (a)
00 -0.16%
-00 0.04%
-00 0.64%
-00 8.70%
-00 8.91%
-00 6.28%
00 -9.52%
00 -9.33%
-00 2.03%
0 -13.70%
0 -13.53%
00 -3.33%
0 -15.26%
0 -14.57%
-00 5.49%
2006
NET
GROSS
Primary Benchmark (a)
-00 7.65%
-00 7.90%
-00 4.21%
-00 0.49%
-00 0.68%
00 -1.44%
-00 8.41%
-00 8.67%
-00 5.67%
-00 8.01%
-00 8.30%
-00 6.70%
-0 26.67%
-0 27.85%
-0 15.79%
2005
NET
GROSS
Primary Benchmark (a)
00 -8.13%
00 -7.91%
00 -2.15%
-00 4.07%
-00 4.25%
-00 1.37%
-00 3.62%
-00 3.80%
-00 3.60%
00 -3.69%
00 -3.47%
-00 2.09%
00 -4.59%
00 -3.80%
-00 4.91%
2004
NET
GROSS
Primary Benchmark (a)
-00 1.56%
-00 1.71%
-00 1.69%
-00 3.53%
-00 3.71%
-00 1.72%
00 -3.93%
00 -3.77%
00 -1.87%
-0 12.47%
-0 12.82%
-00 9.23%
-0 13.61%
-0 14.53%
-0 10.88%
2003
NET
GROSS
Primary Benchmark (a)
0 -10.40%
0 -10.28%
00 -3.15%
-0 29.49%
-0 29.64%
-0 15.39%
-00 5.08%
-00 5.27%
-00 2.65%
-0 17.11%
-0 17.33%
-0 12.18%
-0 42.78%
-0 43.66%
-0 28.68%
2002
NET
GROSS
Primary Benchmark (a)
-00 5.15%
-00 5.29%
-00 0.27%
0 -10.31%
0 -10.19%
0 -13.40%
0 -28.26%
0 -28.15%
0 -17.28%
-0 15.16%
-0 15.28%
-00 8.44%
0 -22.08%
0 -21.68%
0 -22.10%
2001
NET
GROSS
Primary Benchmark (a)
-00 0.48%
-00 0.67%
0 -11.86%
-00 7.78%
-00 7.93%
-00 5.85%
00 -3.49%
00 -3.35%
0 -14.68%
-0 11.03%
-0 11.24%
-0 10.69%
-0 16.06%
-0 16.81%
0 -11.89%
2000
NET
GROSS
Primary Benchmark (a)
00 -8.70%
00 -8.46%
-00 2.29%
-00 7.42%
-00 7.80%
00 -2.66%
-0 16.96%
-0 17.01%
00 -0.97%
-0 16.86%
-0 17.14%
00 -7.82%
-0 34.04%
-0 35.25%
00 -9.10%
1999
NET
GROSS
Primary Benchmark (a)
00 -3.52%
00 -3.34%
-00 4.98%
-0 18.61%
-0 18.92%
-00 7.05%
0 -15.43%
0 -15.20%
00 -6.24%
00 -9.53%
00 -9.05%
-0 14.88%
0 -12.45%
0 -11.34%
-0 21.04%

Composite Characteristics

THROUGH September 30, 2019 | REPORTING CURRENCY: USD
Year
#Accts
Assets
(mil)
Dispersion
% of non-fee
paying assets
Total Firm
Assets (mil)
2019
-000,0 40
-000, 243
-000,
-000,
-0 21,138
2018
-000,0 43
-000, 219
-00 0.59
-0 14
-0 22,106
2017
-000,0 55
-000, 238
-00 0.41
-0 14
-0 25,578
2016
-000,0 69
-000, 260
-00 0.79
-0 11
-0 22,971
2015
-000,0 64
-000, 259
-00 0.34
-0 10
-0 20,666
2014
-000,0 76
-000, 352
-00 0.47
-00 8
-0 20,722
2013
-000,0 75
-000, 199
-00 0.99
-0 13
-0 21,464
2012
-000,0 67
-000, 115
-00 0.46
-0 18
-0 22,171
2011
-000, 126
-000, 107
-00 0.54
-0 21
-0 26,658
2010
-000, 201
-000, 129
-00 0.78
-0 14
-0 38,659
2009
-000, 284
-000, 134
-00 1.49
-0 12
-0 42,152
2008
-000, 378
-000, 119
-00 1.23
-0 10
-0 40,591
2007
-000, 442
-000, 239
-00 0.89
-0 10
-0 83,242
2006
-000, 506
-000, 320
-00 1.01
-00 7
-0 85,974
2005
-000, 557
-000, 248
-00 0.89
-00 6
- 101,874
2004
-000, 796
-000, 381
-00 1.08
-00 4
-0 98,078
2003
-000, 527
-000, 426
-00 1.94
-00 3
-0 75,789
2002
-000, 456
-000, 844
-00 0.65
-00 1
-0 51,808
2001
-000, 176
-000, 770
-00 1.00
-00 1
-0 61,996
2000
-000,0 74
-000, 385
-00 1.81
-0 92
-0 50,852
1999
-000,0 26
-000,0 10
-00 1.27
-0 10
-0 41,538
THROUGH September 30, 2019 | REPORTING CURRENCY: USD

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.
 
The Brandes U.S. Value Equity Composite seeks to provide long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalizations that exceed $5 billion at the time of purchase.
 
(a) The S&P 500 Index with gross dividends measures equity performance of 500 of the top companies in leading industries of the U.S. economy. The benchmark returns are not covered by the report of independent verifiers.
Brandes Investment Partners® is a registered trademark of Brandes Investment Partners, L.P. in the United States and Canada.

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