BCPSX — Brandes Core Plus Fixed Income Fund

BCPSX Fund Overview

BCPSX — Brandes Core Plus Fixed Income Fund is a US mutual fund managed by Brandes Investment Trust, categorised as Intermediate Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Brandes Investment Trust
• Category: Intermediate Treasury / Sovereign Bond
• Assets under management: $117.41M
• 1-year return: 4.4%
• Ticker: BCPSX
• SEC CIK: 0000926678
• SEC series ID: S000020707
• Share class ID: C000057809

BCPSX Investment Objective and Strategy

Brandes Core Plus Fixed Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Brandes Investment Trust.

Investment objective

The Brandes Core Plus Fixed Income Fund (the Core Plus Fund or Fund) seeks to maximize long-term total return, consisting of both current income and capital appreciation.

Principal investment strategy

The Core Plus Fund invests at least 80% of its net assets 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 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 Funds investment advisor (the Advisor), uses the principles of value investing to analyze and select debt securities for the Funds investment portfolio. As part of this process, the Advisor reviews such measures as the issuers 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 Funds 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 Advisors assessment of each securitys intrinsic value. The Fund may also make investments in U.S. and foreign mortgage-backed securities, collateralized mortgage obligations, asset-backed debt securities and other forms of debt obligations and income producing securities, including but not limited to preferred stock.

The Advisor will typically sell a security from the Funds portfolio when the Advisors research process identifies a significantly better investment opportunity or the Advisors assessment of the securitys 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 Funds portfolio or to meet requests for redemption of Fund shares.

BCPSX Holdings

Top 10 holdings of Brandes Core Plus Fixed Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all BCPSX holdings

BCPSX Portfolio Allocation

Asset-class allocation of Brandes Core Plus Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

BCPSX Performance

Total returns for BCPSX (as of 2026-10-01), from SEC filings.

BCPSX Risk Information

Risk metrics for BCPSX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.0%

BCPSX Costs and Fees

BCPSX costs about $51 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.51%
• Gross expense ratio: 0.89%
• Portfolio turnover: 16%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

BCPSX Cashflows

Over the 12 months to 2024-06, Brandes Core Plus Fixed Income Fund had net inflows of $64.74M, from monthly SEC N-PORT filings.

BCPSX Debt Constituents

Largest debt holdings of Brandes Core Plus Fixed Income Fund by percentage of net assets, from the latest SEC N-PORT filing.

BCPSX Prospectus and SEC Filings

Official Brandes Core Plus Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-01-25
• Prospectus (485BPOS) — filed 2023-01-27
• Prospectus (485BPOS) — filed 2022-01-28
• Portfolio holdings (N-PORT) — filed 2024-08-27
• Portfolio holdings (N-PORT) — filed 2024-05-28
• Portfolio holdings (N-PORT) — filed 2024-02-26
• Annual census (N-CEN) — filed 2023-12-14
• Annual census (N-CEN) — filed 2022-12-14

Related Funds

Other Intermediate Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Intermediate-Term Bond Index Fund (VBIIX)
• Vanguard Intermediate-Term Treasury Index Fund (VSIGX)
• iShares U.S. Treasury Bond ETF (GOVT)
• iShares 3-7 Year Treasury Bond ETF (IEI)
• Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.