Brandes
Brandes IP Core Plus Fixed Income Fund
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy and positions in 8 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.
What it bought and sold
The Fund added new positions in Baxter International Inc. (5.162% coupon, maturing 12/1/51, rated Baa3/BBB-) and American National Group Inc. (7.00% coupon, hybrid security, call date 12/1/30, final maturity 12/1/55, rated BB+).
The Fund experienced a maturity in ADT Inc. and calls of positions in Sealed Air, Goldman Sachs, Travel + Leisure, and Univision Communications.
We initiated a position and subsequently added to the Fund’s exposure in the second half of 2025.
The Fund experienced a maturity in ADT Inc. and calls of positions in Sealed Air, Goldman Sachs, Travel + Leisure, and Univision Communications.
The Fund added new positions in Baxter International Inc. (5.162% coupon, maturing 12/1/51, rated Baa3/BBB-) and American National Group Inc. (7.00% coupon, hybrid security, call date 12/1/30, final maturity 12/1/55, rated BB+).
- ExitedTravel + LeisureJun 2026
The Fund experienced a maturity in ADT Inc. and calls of positions in Sealed Air, Goldman Sachs, Travel + Leisure, and Univision Communications.
- ExitedUnivision CommunicationsJun 2026
The Fund experienced a maturity in ADT Inc. and calls of positions in Sealed Air, Goldman Sachs, Travel + Leisure, and Univision Communications.
The Fund experienced a maturity in ADT Inc. and calls of positions in Sealed Air, Goldman Sachs, Travel + Leisure, and Univision Communications.
Also held
- PNC Financial
- Baxter International
- USB Capital IX
- Fibercop SpA
- US Bank
- Pitney Bowes Inc
- Organon & Co
- Ford Motor Credit Co LLC