Brandes
Brandes Global Equity Fund
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 23 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Brandes for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD · Class A
- YTD+2.1%index +9.7%
- 1Y+16.7%index +21.3%
- 3Y · /yr+19.2%index +19.2%
- 5Y · /yr+12.2%index +11.5%
- 10Y · /yr+11.2%index +13.1%
- Inception · /yr+8.8%index +10.9%
Index: MSCI World Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Brandes Global Equity Fund | +2.1% | +16.7% | +19.2% | +12.2% | +11.2% | +8.8% |
| MSCI World Index | +9.7% | +21.3% | +19.2% | +11.5% | +13.1% | +10.9% |
Since inception: Since Inception 10/6/2008
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
With the shares reaching our revised intrinsic value estimate, we exited the position.
The investment committee initiated a new position in U.S.- based animal health care firm Zoetis.
Also held
- Erste Group Bank AG
- Citigroup Inc
- Equifax Inc
- CVS Health Corp
- ICON plc
- Amdocs Ltd
- UnitedHealth Group Inc
- EPAM Systems Inc
- Alibaba Group Holding Ltd
- Samsung Electronics Co Ltd
- Cognizant Technology Solutions Corp
- Taiwan Semiconductor Manufacturing Co Ltd
- AIA Group Ltd
- UBS Group AG
- TotalEnergies SE
- Westlake Corporation
- Shell plc
- London Stock Exchange Group plc
- Arthur J. Gallagher & Co
Its investment theses
- SAP SEJun 2026SAP SE is a mission-critical enterprise software company with deep customer relationships and AI integration potential that the fund views as a long-term opportunity.
- ZoetisJun 2026Zoetis is the global leader in animal health with strong returns on capital, secular growth tailwinds, high barriers to entry, and an attractive valuation opportunity.