LBORX: BrandywineGLOBAL - Global Opportunities Bond Fund - MutualFunds.com
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LBORX - Snapshot

Vitals

  • YTD Return -1.8%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 5.6%
  • Net Assets $2.3 B
  • Holdings in Top 10 42.0%

52 WEEK LOW AND HIGH

$11.80
$8.70
$11.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 103.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare LBORX to Popular International Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$20.95

-0.66%

$15.00 B

1.90%

$0.40

-2.78%

0.94%

$10.01

-0.40%

$6.67 B

-

-

-1.86%

-

$6.90

-1.00%

$5.23 B

3.16%

$0.22

-4.96%

0.96%

$10.68

0.00%

$4.35 B

0.82%

$0.09

0.00%

0.73%

$5.62

-1.23%

$2.78 B

2.77%

$0.16

-3.93%

1.04%

LBORX - Profile

Distributions

  • YTD Total Return -1.8%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.91%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BrandywineGLOBAL - Global Opportunities Bond Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Hoffman

Fund Description

The fund normally invests at least 80% of its net assets in fixed income securities of issuers located in developed market countries. It will invest in both investment grade and below investment grade fixed income securities, and the advisor intends to invest less than 35% of its net assets in below investment grade fixed income securities (commonly known as "high yield debt" or "junk bonds"). The fund may invest up to 25% of its net assets in convertible debt securities. It is non-diversified.


LBORX - Performance

Return Ranking - Trailing

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -5.3% 3.8% 23.92%
1 Yr 11.0% -3.3% 11.9% 5.71%
3 Yr 2.7%* -1.3% 6.8% 73.58%
5 Yr 5.6%* 1.5% 10.5% 23.68%
10 Yr 3.8%* -1.3% 5.1% 9.20%

* Annualized

Return Ranking - Calendar

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
2020 11.9% -10.9% 12.2% 2.93%
2019 7.3% -0.6% 14.8% 11.44%
2018 -8.4% -15.3% -0.2% 85.16%
2017 7.5% -44.4% 14.4% 34.10%
2016 2.4% -49.7% 14.0% 22.81%

Total Return Ranking - Trailing

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -5.3% 3.8% 23.92%
1 Yr 11.0% -4.2% 11.9% 4.76%
3 Yr 2.7%* -2.5% 6.8% 66.32%
5 Yr 5.6%* 1.2% 10.5% 21.58%
10 Yr 3.8%* -1.3% 5.1% 7.98%

* Annualized

Total Return Ranking - Calendar

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
2020 11.9% -10.9% 12.2% 2.93%
2019 7.3% -0.6% 14.8% 11.44%
2018 -6.7% -15.3% 3.8% 86.26%
2017 12.0% 0.0% 14.4% 10.40%
2016 4.4% -3.8% 14.0% 18.13%

NAV & Total Return History


LBORX - Holdings

Concentration Analysis

LBORX Category Low Category High LBORX % Rank
Net Assets 2.3 B 70.9 K 15 B 21.80%
Number of Holdings 155 3 3495 80.09%
Net Assets in Top 10 974 M -347 M 2.66 B 15.64%
Weighting of Top 10 42.02% 4.3% 100.0% 41.46%

Top 10 Holdings

  1. United States Treasury Notes 0.15% 14.48%
  2. JPMorgan US Government MMkt Instl 4.35%
  3. United States Treasury Notes 0.15% 3.41%
  4. Mexico (United Mexican States) 7.75% 3.39%
  5. Mexico (United Mexican States) 8.5% 3.00%
  6. Mexico (United Mexican States) 8.5% 2.78%
  7. United States Treasury Notes 0.21% 2.78%
  8. Republic of Colombia 6% 2.71%
  9. Secretaria Tesouro Nacional 10% 2.63%
  10. Goldman Sachs Group, Inc. 1.01% 2.61%

Asset Allocation

Weighting Return Low Return High LBORX % Rank
Bonds
87.74% 0.00% 281.24% 71.09%
Cash
6.49% -184.32% 58.18% 43.60%
Convertible Bonds
5.28% 0.00% 10.30% 5.21%
Stocks
0.49% -8.97% 7.53% 6.16%
Preferred Stocks
0.00% 0.00% 2.64% 26.07%
Other
0.00% -12.00% 100.00% 21.33%

Stock Sector Breakdown

Weighting Return Low Return High LBORX % Rank
Utilities
0.00% 0.00% 78.26% N/A
Technology
0.00% 0.00% 29.53% N/A
Real Estate
0.00% 0.00% 4.25% N/A
Industrials
0.00% 0.00% 19.00% N/A
Healthcare
0.00% 0.00% 39.53% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 60.47% N/A
Communication Services
0.00% 0.00% 49.64% N/A
Consumer Defense
0.00% 0.00% 13.22% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High LBORX % Rank
US
0.49% -0.17% 7.21% 5.69%
Non US
0.00% -8.97% 0.83% 24.64%

Bond Sector Breakdown

Weighting Return Low Return High LBORX % Rank
Derivative
45.93% 0.00% 56.47% 8.17%
Government
32.80% 0.00% 99.93% 72.60%
Corporate
17.08% 0.00% 98.78% 68.75%
Cash & Equivalents
3.23% 0.00% 30.03% 73.08%
Securitized
0.96% 0.00% 42.30% 77.88%
Municipal
0.00% 0.00% 7.17% 41.83%

Bond Geographic Breakdown

Weighting Return Low Return High LBORX % Rank
US
46.57% -3.06% 118.70% 17.54%
Non US
41.17% -25.70% 162.54% 78.20%

LBORX - Expenses

Operational Fees

LBORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.18% 27.52% 33.17%
Management Fee 0.50% 0.00% 2.08% 29.25%
12b-1 Fee 0.50% 0.00% 1.00% 60.38%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

LBORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

LBORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 103.00% 5.00% 440.00% 41.87%

LBORX - Distributions

Dividend Yield Analysis

LBORX Category Low Category High LBORX % Rank
Dividend Yield 0.00% 0.00% 4.20% 10.85%

Dividend Distribution Analysis

LBORX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

LBORX Category Low Category High LBORX % Rank
Net Income Ratio 2.91% -0.57% 9.96% 19.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

LBORX - Fund Manager Analysis

Managers

David Hoffman


Start Date

Tenure

Tenure Rank

Nov 01, 2006

14.26

14.3%

David is co-lead portfolio manager for the Firm's Global Fixed Income and related strategies. He joined the Firm in 1995. Previously, David was president of Hoffman Capital, a global financial futures investment firm (1991-1995); head of fixed income investments at Columbus Circle Investors (1983-1990); senior vice president and portfolio manager at INA Capital Management (1979-1982), and fixed income portfolio manager at Provident National Bank (1975-1979).

Jack McIntyre


Start Date

Tenure

Tenure Rank

Feb 22, 2012

8.95

9.0%

John(Jack) P. McIntyre, CFA is Associate Portfolio Manager/Senior Research Analyst and is responsible for research and market insight. Mr. McIntyre has been employed at Brandywine Global since 1998. Previously, he held positions as market strategist with McCarthy, Crisanti & Maffei, Inc. (1995-1998); senior fixed income analyst with Technical Data (1992-1995); quantitative associate with Brown Brothers Harriman & Co. (1990), and investment analyst with the Public Employee Retirement Administration of Massachusetts (1987-1989).

Anujeet Sareen


Start Date

Tenure

Tenure Rank

Jan 31, 2017

4.0

4.0%

Anujeet Sareen is a portfolio manager for the Firm’s Global Fixed Income and related strategies. Prior to joining the Firm in 2016, Anujeet was a managing director of global fixed income and a global macro strategist, as well as chair of the Currency Strategy Group at Wellington Management in Boston. Over his 22-year career at Wellington (1994-2016), he held a variety of roles while cultivating extensive fixed income and currency management experience. Anujeet is a CFA® charterholder and earned a B.A. in Computer Science from Brown University.

Brian Kloss


Start Date

Tenure

Tenure Rank

Dec 31, 2020

0.08

0.1%

Brian is a portfolio manager and head of high yield. Brian joined Brandywine Global in December 2009, bringing with him over 10 years of high yield and distressed debt experience. Previously, Brian was co-portfolio manager at Dreman Value Management, LLC (2007-2009); high yield analyst/trader at Gartmore Global Investments (2002-2007); high yield and equity portfolio manager and general analyst at Penn Capital Management, Ltd. (2000-2002); an analyst with The Concord Advisory Group, Ltd. (1998-2000); and an international tax consultant with Deloitte & Touche LLP (1995-1998). Brian earned his J

Tracy Chen


Start Date

Tenure

Tenure Rank

Dec 31, 2020

0.08

0.1%

As a portfolio manager and head of structured credit, Tracy is responsible for conducting credit analysis on mortgage-backed and other structured securities, with special emphasis on collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs), and other structured products. She also monitors and analyzes the investment merits of global corporate debt issues. She joined the Firm in August 2008. Prior to joining Brandywine Global, she was with UBS Investment Bank as director of the fixed income valuation group (2006-2008), GMAC Mortgage Group as a mortgage pricing analyst (2003-2006), Deloitte Consulting as a senior corporate strategy consultant (2001-2003), and J&A Securities Ltd. in Shenzhen, China as an international corporate finance associate (1995-1999). Tracy earned an MBA with a concentration in Finance from Kenan-Flagler Business School at the University of North Carolina, an M.A. in American Studies from Sichuan University in Chengdu, China, and a B.A. in English for Scientific Purposes from University of Electronic Science & Technology of China in Chengdu, China. Tracy is a CFA® charterholder and earned the Chartered Alternative Investment Analyst (CAIA) charter in 2010. She was also published in the Spring 2007 edition of The Journal of Structured Finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 27.15 6.78 2.51