LBORX: BrandywineGLOBAL Global Opp Bond R

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LBORX BrandywineGLOBAL Global Opp Bond R


Profile

LBORX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return -1.2%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $2.18 B
  • Holdings in Top 10 36.7%

52 WEEK LOW AND HIGH

$11.04
$8.70
$11.06

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

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 3.6%
  • 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
    Stephen Smith

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.


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Categories

Performance

LBORX - Performance

Return Ranking - Trailing

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -23.5% 22.2% 20.14%
1 Yr 7.4% -24.3% 23.4% 4.49%
3 Yr -1.2%* -22.8% 6.0% 57.58%
5 Yr 2.0%* -13.6% 7.6% 15.15%
10 Yr N/A* -8.9% 11.4% 21.12%

* Annualized

Return Ranking - Calendar

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -9.9% 32.8% 44.11%
2018 -8.4% -35.5% 3.8% 50.76%
2017 7.5% -9.1% 15.4% 12.50%
2016 2.4% -11.7% 15.3% 60.34%
2015 -10.7% -29.9% 14.0% 78.90%

Total Return Ranking - Trailing

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -23.5% 22.2% 20.14%
1 Yr 7.4% -24.3% 23.4% 4.21%
3 Yr 0.7%* -22.8% 9.5% 42.26%
5 Yr 3.6%* -13.6% 14.1% 19.61%
10 Yr N/A* -8.9% 13.9% 27.09%

* Annualized

Total Return Ranking - Calendar

Period LBORX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -9.9% 32.8% 44.96%
2018 -6.7% -35.5% 3.8% 53.96%
2017 12.0% -6.6% 21.6% 14.70%
2016 4.4% -10.4% 20.3% 53.01%
2015 -9.1% -29.9% 22.6% 77.08%

NAV & Total Return History


Holdings

LBORX - Holdings

Concentration Analysis

LBORX Category Low Category High LBORX % Rank
Net Assets 2.18 B 1.06 M 154 B 14.38%
Number of Holdings 263 1 6322 45.09%
Net Assets in Top 10 788 M -98.9 M 61.2 B 15.08%
Weighting of Top 10 36.69% 5.0% 362.0% 40.50%

Top 10 Holdings

  1. United States Treasury Notes 0.26% 10.69%
  2. JPMorgan US Government MMkt Instl 4.77%
  3. Mexico (United Mexican States) 7.75% 3.22%
  4. Mexico (United Mexican States) 8.5% 2.79%
  5. Republic of Colombia 6% 2.63%
  6. Mexico (United Mexican States) 8.5% 2.63%
  7. Indonesia (Republic of) 9% 2.62%
  8. Goldman Sachs Group, Inc. 1.11% 2.54%
  9. Bank of America Corporation 4.08% 2.49%
  10. Ford Motor Credit Company LLC 2.18% 2.34%

Asset Allocation

Weighting Return Low Return High LBORX % Rank
Bonds
89.82% 64.02% 7817.38% 76.35%
Cash
4.93% -7742.24% 19.42% 29.18%
Convertible Bonds
4.54% 0.00% 19.31% 9.41%
Stocks
0.70% -8.58% 101.51% 25.03%
Preferred Stocks
0.00% 0.00% 4.71% 49.65%
Other
0.00% -28.54% 107.95% 53.80%

Stock Sector Breakdown

Weighting Return Low Return High LBORX % Rank
Utilities
0.00% -0.05% 100.00% N/A
Technology
0.00% -0.38% 100.00% N/A
Real Estate
0.00% -0.04% 51.26% N/A
Industrials
0.00% -0.16% 19.00% N/A
Healthcare
0.00% -0.22% 100.00% N/A
Financial Services
0.00% -0.26% 100.00% N/A
Energy
0.00% -0.08% 100.00% N/A
Communication Services
0.00% -0.05% 100.00% N/A
Consumer Defense
0.00% -0.12% 99.87% N/A
Consumer Cyclical
0.00% -0.20% 100.00% N/A
Basic Materials
0.00% -0.04% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High LBORX % Rank
US
0.70% -3.13% 100.77% 23.51%
Non US
0.00% -5.45% 99.98% 61.13%

Bond Sector Breakdown

Weighting Return Low Return High LBORX % Rank
Derivative
56.74% -62.05% 67.50% 2.07%
Government
21.89% -0.16% 263.38% 80.91%
Corporate
18.10% 0.00% 93.86% 53.11%
Cash & Equivalents
2.14% -221.24% 69.52% 80.64%
Securitized
1.12% 0.00% 89.51% 40.94%
Municipal
0.00% 0.00% 31.06% 53.39%

Bond Geographic Breakdown

Weighting Return Low Return High LBORX % Rank
US
45.63% -116.15% 7779.00% 37.90%
Non US
44.19% -263.33% 569.75% 71.92%

Expenses

LBORX - Expenses

Operational Fees

LBORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.01% 43.49% 47.18%
Management Fee 0.50% 0.00% 2.50% 25.35%
12b-1 Fee 0.50% 0.00% 1.00% 64.12%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

LBORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% 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 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.

LBORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 103.00% 0.00% 479.00% 59.88%

Distributions

LBORX - Distributions

Dividend Yield Analysis

LBORX Category Low Category High LBORX % Rank
Dividend Yield 0.00% 0.00% 8.88% 43.15%

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% -1.05% 12.65% 48.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LBORX - Fund Manager Analysis

Managers

Stephen Smith


Start Date

Tenure

Tenure Rank

Nov 01, 2006

13.84

13.8%

Steve is co-lead portfolio manager for the Firm's Global Fixed Income and related strategies. He joined the Firm in 1991 to diversify the Firm's investment strategies and start the global fixed income product. Previously, Steve was with Mitchell Hutchins Asset Management, Inc. as managing director of taxable fixed income (1988-1991); Provident Capital Management, Inc. as senior vice president overseeing taxable fixed income (1984-1988); Munsch & Smith Management as a founding partner (1980-1984), and First Pennsylvania Bank as vice president and portfolio manager in the fixed income division.

David Hoffman


Start Date

Tenure

Tenure Rank

Nov 01, 2006

13.84

13.8%

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

8.53

8.5%

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

3.58

3.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.45 6.02 5.93