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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.35

$92.3 M

4.05%

$0.34

0.65%

Vitals

YTD Return

1.0%

1 yr return

5.2%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

1.7%

Net Assets

$92.3 M

Holdings in Top 10

68.6%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.13%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.35

$92.3 M

4.05%

$0.34

0.65%

BCPRX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.54%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Brandes Core Plus Fixed Income Fund
  • Fund Family Name
    Brandes Investment Trust
  • Inception Date
    Oct 10, 2017
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Gramling

Fund Description

The Core Plus Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) measured at the time of purchase in fixed income securities. These include, but are not limited to, debt securities issued by U.S. and foreign companies, debt obligations issued or guaranteed by the U.S. Government and foreign governments and their agencies and instrumentalities, and U.S. and foreign mortgage-backed securities, collateralized mortgage obligations and asset-backed debt securities. The Fund may also invest in other forms of debt obligations and income-producing securities, including but not limited to preferred stock. The Fund may invest up to 25% of its total fixed income assets, measured at the time of purchase, in securities not denominated in U.S. dollars.
Brandes Investment Partners, L.P., the Fund’s investment advisor (the “Advisor”), uses the principles of value investing to analyze and select debt securities for the Fund’s investment portfolio. As part of this process, the Advisor reviews such measures as the issuer’s free cash flow, debt‑to‑equity ratio, earnings before interest, taxes, depreciation and amortization (“EBITDA”)‑to‑interest ratio, debt‑to‑EBITDA ratio or other measures of credit worthiness in evaluating the securities of a particular issuer.
The Core Plus Fund may invest in debt instruments of any maturity or with no maturity and it may invest in both
investment-grade securities and non‑investment grade securities (also known as “high-yield bonds” or “junk bonds”). Up to 25% of the Fund’s total debt securities may be high yield bonds. The Fund invests in debt securities that can be purchased at prices or yield premiums over U.S. Treasury securities (or other relatively risk-free securities) which the Advisor believes to be attractive based on the Advisor’s assessment of each security’s intrinsic value.
While the average portfolio duration of the Fund typically will vary, the duration of the Fund’s portfolio is generally expected to be within a 20% margin (higher or lower) of the duration of the Fund’s benchmark index. Other than in periods of unusual market conditions, which could continue for an extended period, this margin will normally be within 10% of the duration of the Fund’s benchmark index.
The Advisor will typically sell a security from the Fund’s portfolio when the Advisor’s research process identifies a significantly better investment opportunity or the Advisor’s assessment of the security’s intrinsic value declines. The Advisor may also sell certain portfolio securities from time to time in order to adjust the average maturity, duration or yield of the Fund’s portfolio or to meet requests for redemption of Fund shares.
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BCPRX - Performance

Return Ranking - Trailing

Period BCPRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.6% 5.4% 18.19%
1 Yr 5.2% -7.2% 13.2% 14.31%
3 Yr -0.4%* -10.6% 26.5% 1.37%
5 Yr 1.7%* -7.3% 191.1% 4.82%
10 Yr N/A* -2.6% 73.7% 20.57%

* Annualized

Return Ranking - Calendar

Period BCPRX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -16.2% 8.1% 4.85%
2022 -13.0% -34.7% 131.9% 5.89%
2021 -2.2% -11.6% 4.4% 10.14%
2020 4.0% -10.1% 946.1% 50.84%
2019 3.7% -1.7% 16.9% 86.53%

Total Return Ranking - Trailing

Period BCPRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -4.6% 5.4% 18.19%
1 Yr 5.2% -7.2% 13.2% 14.31%
3 Yr -0.4%* -10.6% 26.5% 1.37%
5 Yr 1.7%* -7.3% 191.1% 4.82%
10 Yr N/A* -2.6% 73.7% 19.01%

* Annualized

Total Return Ranking - Calendar

Period BCPRX Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -11.3% 11.0% 5.96%
2022 -9.3% -32.2% 131.9% 3.41%
2021 2.1% -9.4% 9.2% 2.16%
2020 8.1% -1.9% 1009.0% 54.85%
2019 7.7% 1.1% 21668.0% 78.75%

NAV & Total Return History


BCPRX - Holdings

Concentration Analysis

BCPRX Category Low Category High BCPRX % Rank
Net Assets 92.3 M 2.9 M 314 B 89.75%
Number of Holdings 69 1 17816 96.27%
Net Assets in Top 10 65.7 M 1.57 M 34.8 B 77.54%
Weighting of Top 10 68.62% 4.4% 132.5% 5.26%

Top 10 Holdings

  1. T 2.375 05/15/29 16.72%
  2. T 1.625 05/15/31 11.69%
  3. T 4.75 02/15/37 8.06%
  4. T 2.25 02/15/27 7.97%
  5. T 3.75 11/15/43 7.32%
  6. Northern Inst Fds TREAS PRT PRMR 4.44%
  7. T 3 05/15/47 4.09%
  8. T 2.375 08/15/24 3.37%
  9. T 3.5 02/15/39 2.96%
  10. FR SD2873 2.01%

Asset Allocation

Weighting Return Low Return High BCPRX % Rank
Bonds
93.89% 0.00% 211.59% 58.09%
Cash
5.01% -54.51% 87.74% 31.82%
Convertible Bonds
1.61% 0.00% 7.93% 43.61%
Other
1.09% -16.94% 53.20% 69.99%
Stocks
0.00% 0.00% 99.99% 31.66%
Preferred Stocks
0.00% 0.00% 74.98% 63.65%

Bond Sector Breakdown

Weighting Return Low Return High BCPRX % Rank
Government
54.13% 0.00% 86.23% 2.64%
Corporate
35.66% 0.00% 100.00% 32.86%
Securitized
6.82% 0.00% 98.40% 93.91%
Cash & Equivalents
4.44% 0.00% 83.04% 32.83%
Derivative
0.00% -9.72% 50.66% 69.59%
Municipal
0.00% 0.00% 100.00% 86.00%

Bond Geographic Breakdown

Weighting Return Low Return High BCPRX % Rank
US
93.89% 0.00% 211.59% 51.76%
Non US
0.00% 0.00% 33.48% 68.18%

BCPRX - Expenses

Operational Fees

BCPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 39.10% 54.45%
Management Fee 0.35% 0.00% 1.76% 47.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.50% 5.54%

Sales Fees

BCPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BCPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BCPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.13% 2.00% 493.39% 7.60%

BCPRX - Distributions

Dividend Yield Analysis

BCPRX Category Low Category High BCPRX % Rank
Dividend Yield 4.05% 0.00% 10.11% 68.74%

Dividend Distribution Analysis

BCPRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

BCPRX Category Low Category High BCPRX % Rank
Net Income Ratio 3.54% -1.28% 4.79% 1.27%

Capital Gain Distribution Analysis

BCPRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BCPRX - Fund Manager Analysis

Managers

Charles Gramling


Start Date

Tenure

Tenure Rank

Dec 28, 2007

14.43

14.4%

Director, Fixed Income Charles S. Gramling is Fixed Income Director for the Brandes Fixed Income Group, leading the group in all areas, including strategy development, portfolio management and trading. He is a member of the Fixed Income Investment Committee. Prior to joining Brandes, he was Senior Vice President and Portfolio Manager with Scudder Kemper Investments (which later became Deutsche Asset Management). He earned his BS in accounting from Marquette University. His experience began in 1993, and he joined Brandes in 1999.

David Gilson


Start Date

Tenure

Tenure Rank

Dec 28, 2007

14.43

14.4%

Senior Fixed Income Analyst David J. Gilson is an Associate Portfolio Manager and Analyst for the Brandes Fixed Income Group. His responsibilities include corporate bond research, strategy development, portfolio management and trading. He is a member of the Fixed Income Investment Committee. Prior to joining Brandes, he was President of VALUE Restoration (consulting to corporations in turnaround situations). He earned his BBA from Baylor University. His experience began in 1988, and he joined Brandes in 2002.

Timothy Doyle


Start Date

Tenure

Tenure Rank

May 01, 2012

10.09

10.1%

Fixed Income Portfolio Manager Timothy M. Doyle is Fixed Income Portfolio Manager and Analyst, primarily responsible for strategy development, portfolio management and trading. He is a member of the Fixed Income Investment Committee. Prior to joining Brandes, he was Assistant Vice President and Portfolio Manager with Scudder Kemper Investments (which later became Deutsche Asset Management). He earned his MBA in finance and economics from Loyola University, and BS in finance from Marquette University. His experience began in 1985, and he joined Brandes in 2000.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16