Brandes
Brandes IP Core Plus Fixed Income Fund
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy and positions in 12 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+0.9%index +0.6%
- 1Y+3.5%index +3.8%
- 3Y · /yr+4.5%index +4.2%
- 5Y · /yr+1.0%index +0.1%
- 10Y · /yr+1.8%index +1.5%
- Inception · /yr+2.8%index +3.0%
Index: Bloomberg U.S. Aggregate Bond Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Brandes IP Core Plus Fixed Income Fund | +0.9% | +3.5% | +4.5% | +1.0% | +1.8% | +2.8% |
| Bloomberg U.S. Aggregate Bond Index | +0.6% | +3.8% | +4.2% | +0.1% | +1.5% | +3.0% |
Since inception: Since Inception 12/28/2007
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
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.
- New positionAmerican National Group Inc.Jun 2026
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.
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