Brandes Corporate Focus Bond Fund Series F (CAD)
- Distribution Frequency: Monthly
- Number of Holdings: 46
- Total Net Assets: C$40 M
REASONS TO OWN
Features
- Provides a yield advantage over the benchmark
- Flexibility to invest up to 40% in high yield
- Duration is typically below 4 years
- Monthly distributions available in cash
Benefits
- Unique value approach focused on income and gains
- Transparent portfolio of long-only bonds
- Lower duration is beneficial during rising interest rates
- Provides a monthly income stream
- Investors can choose currency exposure
Portfolio Sub-Advisors
Fundserv : BIP
| Fund Number | |||
|---|---|---|---|
| Series | C$ | US$ | |
| AH | 112 | - | |
| FH | 512 | - | |
| A | 111 | 113 | |
| F | 511 | 513 | |
Inception: January 19 2007|Series F (CAD)|MER: 0.93 %PERFORMANCE: Series F (CAD)
| Annualized Performance (%) | 1-Mth | 3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | 7-Yr | 10-Yr | Since Incept. | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brandes Corporate Focus Bond Fund | 1.24 | 3.04 | 5.14 | 3.96 | 8.12 | -0.09 | 2.24 | 2.89 | 4.65 | 3.24 | ||
| Barclays Capital U.S. Intermediate Credit Bond Index | 0.97 | 2.51 | 5.67 | 3.34 | 7.84 | -1.30 | 3.26 | 2.95 | 5.03 | 4.64 | ||
| Calendar Year Performance (%) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brandes Corporate Focus Bond Fund | 8.02 | 13.38 | 14.99 | 6.25 | -3.69 | 6.67 | 1.02 | 3.35 | -0.03 | -1.70 | ||
| Barclays Capital U.S. Intermediate Credit Bond Index | 6.53 | 13.55 | 21.01 | 0.09 | -3.14 | 9.02 | 3.99 | 5.20 | -1.87 | -2.49 | ||
As of: April 30, 2023
$16,818.00GROWTH OF $10,000 SINCE INCEPTION
Summary of Investment Portfolio as of April 30, 2023
TOP 10 POSITIONS
| Security | |
|---|---|
| United States Treasury Notes 2.375% 15 May 2029 | 16.5 % |
| United States Treasury Notes 1.625% May 15/31 | 7.8 % |
| USB Capital IX 6.189% Apr 15/49 | 7.7 % |
| Netflix Inc. 4.375% Nov 15/26 | 3.1 % |
| Bank of America Corp 4.45% Mar 03/26 | 2.9 % |
| PulteGroup Inc. 5.50% Mar 01/26 | 2.8 % |
| VMware Inc. 3.9% Aug 21/27 | 2.7 % |
| SLM Student Loan Trust 1.00% Dec 15/38 | 2.7 % |
| SLM Student Loan Trust (Var.) Sep 15/33 | 2.7 % |
| Prime Security Services Borrower LLC 6.25% Jan 15/28 | 2.6 % |
| Top 10 Total | 51.5 % |
| Total # of Securities | 46 |
RELATED DOCUMENTS
FUND FACTS
Bridgehouse Asset Managers® is a trade name of Brandes Investment Partners & Co. As manager of the Bridgehouse Funds, Bridgehouse has hired certain portfolio sub-advisors to the Funds. Units and shares of the Bridgehouse Funds are available through registered dealers only and are not available through Bridgehouse. Bridgehouse and its sub-advisors have taken reasonable steps to provide accurate and current data. The data has been gathered from sources believed to be reliable, however Bridgehouse and/or its sub-advisors are not responsible for any errors or omissions contained herein. The foregoing reflects the thoughts, opinions and/or investment strategies of Bridgehouse and/or its sub-advisors, which are subject to change at their discretion and without prior notice, based on changing market dynamics or other considerations. Securities mentioned herein are not to be construed as a recommendation to buy or sell. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Performance is shown for the class selected.Performance is net of fees unless otherwise indicated.Indices are unmanaged and cannot be directly invested into. 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.
