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Brandes Corporate Focus Bond Fund Series A

Global Corp Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017, 2016, 2014

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NAVPS
(05-22-2024)
$9.55
Change
$0.02 (0.17%)

As at April 30, 2024

As at April 30, 2024

Period
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Legend

Brandes Corporate Focus Bond Fund Series A

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Fund Returns

Inception Return (January 19, 2007): 2.85%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.20% 2.19% 6.27% 3.77% 5.92% 6.70% 3.34% 0.94% 1.63% 2.35% 1.17% 2.75% 2.79% 3.76%
Benchmark -0.72% 0.31% 5.71% 1.16% 2.88% 4.47% -0.39% -1.34% 0.63% 1.82% 1.19% 2.30% 2.74% 3.34%
Category Average -1.33% 6.50% 6.50% -0.51% 3.68% 2.06% -0.89% 1.10% 1.45% 1.83% - - - -
Category Rank 5 / 114 5 / 114 79 / 113 5 / 113 41 / 112 4 / 101 4 / 96 54 / 90 53 / 88 43 / 80 52 / 72 39 / 66 26 / 51 13 / 39
Quartile Ranking 1 1 3 1 2 1 1 3 3 3 3 3 3 2

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.13% -1.83% 0.19% 2.17% -0.89% 1.24% 1.74% 0.65% 1.55% 0.94% 1.04% 0.20%
Benchmark -1.67% -1.90% 0.45% 1.77% -2.69% 1.41% 3.17% 1.28% 0.85% 0.16% 0.87% -0.72%

Best Monthly Return Since Inception

11.05% (January 2015)

Worst Monthly Return Since Inception

-10.00% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.75% 14.34% 5.67% -4.23% 6.07% 0.43% 2.76% -0.60% -2.28% 5.91%
Benchmark 12.44% 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking 1 1 3 4 1 4 4 3 1 4
Category Rank 3/ 38 3/ 50 45/ 63 72/ 72 4/ 79 85/ 85 84/ 89 62/ 93 5/ 101 92/ 111

Best Calendar Return (Last 10 years)

14.34% (2015)

Worst Calendar Return (Last 10 years)

-4.23% (2017)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 56.42
Foreign Government Bonds 24.56
US Equity 7.75
Foreign Bonds - Other 7.24
Cash and Equivalents 4.02
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 88.22
Financial Services 7.75
Cash and Cash Equivalent 4.02
Real Estate 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00
Latin America 0.01
Other -0.01

Top Holdings

Top Holdings
Name Percent
United States Treasury 1.63% 15-May-2031 14.70
United States Treasury 4.75% 15-Feb-2037 9.86
USB CAPITAL IX 1.00% 31-Dec-2099 8.00
Netflix Inc 4.38% 15-Nov-2026 3.45
Bank of America Corp - Pfd 3.29
PulteGroup Inc 5.50% 01-Dec-2025 3.12
Prime Sec Srvcs Borrower LLC 6.25% 15-Jan-2028 3.09
VMware LLC 3.90% 21-May-2027 3.09
Citigroup Inc - Pfd 2.89
Travel + Leisure Co 6.63% 31-Jul-2026 2.76

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Brandes Corporate Focus Bond Fund Series A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 5.44% 5.22% 7.11%
Beta 0.54% 0.56% 0.83%
Alpha 0.04% 0.01% 0.01%
Rsquared 0.51% 0.53% 0.72%
Sharpe 0.13% -0.05% 0.36%
Sortino 0.11% -0.32% 0.21%
Treynor 0.01% 0.00% 0.03%
Tax Efficiency 69.06% 46.93% 72.34%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.27% 5.44% 5.22% 7.11%
Beta 0.64% 0.54% 0.56% 0.83%
Alpha 0.04% 0.04% 0.01% 0.01%
Rsquared 0.79% 0.51% 0.53% 0.72%
Sharpe 0.25% 0.13% -0.05% 0.36%
Sortino 1.04% 0.11% -0.32% 0.21%
Treynor 0.02% 0.01% 0.00% 0.03%
Tax Efficiency 77.72% 69.06% 46.93% 72.34%

Fund Details

Start Date January 19, 2007
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $35

Fund Codes

FundServ Code Load Code Sales Status
BIP111

Investment Objectives

The fundamental investment objective of Brandes Corporate Focus Bond Fund is to generate income and capital appreciation by investing primarily in U.S. dollar denominated corporate fixed income securities, including investment grade and non-investment grade fixed income securities. The Fund may also invest in non-U.S. dollar denominated fixed income securities.

Investment Strategy

Brandes LP is a Graham & Dodd value-oriented, global investment adviser that applies fundamental analysis to bottom-up fixed income security selection. Brandes LP believes that consistently buying fixed income securities at discounts to conservative estimates of their intrinsic value has the potential to produce competitive long-term results. Generally, a fixed income security will be bought when, in Brandes LP’s view, it is selling at a price below its worth.

Portfolio Manager(s)

Name Start Date
Bridgehouse Asset Managers 01-19-2007
Brandes Investment Partners L.P. 07-22-2019

Management and Organization

Fund Manager Bridgehouse Asset Managers
Advisor Bridgehouse Asset Managers
Custodian State Street Trust Company Canada
Registrar International Financial Data Services (Canada) Ltd
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 5,000
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.53%
Management Fee 1.10%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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