LFLSX: BrandywineGLOBAL Global Flex Income IS

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LFLSX BrandywineGLOBAL Global Flex Income IS


Profile

LFLSX - Profile

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return N/A
  • Net Assets $6.56 M
  • Holdings in Top 10 34.7%

52 WEEK LOW AND HIGH

$10.20
$9.76
$10.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.33%

SALES FEES

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

BROKERAGE FEES

  • Turnover 192.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 3.18%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BrandywineGLOBAL - Global Flexible Income Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    May 31, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gerhardt (Gary) Herbert

Fund Description

Under normal market conditions, the fund seeks to meet its investment objective by primarily investing in U.S. and foreign fixed income securities, currencies and derivative instruments. The subadviser has broad discretion to invest in multiple types of fixed income securities including, but not limited to, sovereign debt, emerging markets debt, corporate debt, high yield debt, bank loans, supranational issues, Separate Trading of Registered Interest and Principal of Securities ("STRIPS"), inflation-linked securities and hybrid securities. The fund is non-diversified.


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Categories

Performance

LFLSX - Performance

Return Ranking - Trailing

Period LFLSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -2.4% 7.4% 10.82%
1 Yr 4.3% -36.6% 178.8% 52.42%
3 Yr -0.1%* -34.5% 40.7% 73.74%
5 Yr N/A* -34.3% 20.1% N/A
10 Yr N/A* -3.6% 4.4% N/A

* Annualized

Return Ranking - Calendar

Period LFLSX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -35.1% 177.6% 73.70%
2018 -5.5% -48.0% 0.8% 45.48%
2017 1.4% -14.8% 11.2% 72.20%
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period LFLSX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -2.4% 7.4% 10.82%
1 Yr 4.3% -36.6% 178.8% 56.41%
3 Yr 2.6%* -34.5% 40.7% 27.61%
5 Yr N/A* -34.3% 22.2% N/A
10 Yr N/A* -3.6% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period LFLSX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -35.1% 177.6% 75.43%
2018 -3.6% -48.0% 4.8% 35.83%
2017 7.5% -14.8% 14.0% 12.54%
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

LFLSX - Holdings

Concentration Analysis

LFLSX Category Low Category High LFLSX % Rank
Net Assets 6.56 M 100 K 136 B 98.90%
Number of Holdings 105 6 7570 85.95%
Net Assets in Top 10 2.22 M -42.1 B 6.16 B 88.98%
Weighting of Top 10 34.66% 5.4% 410.5% 38.57%

Top 10 Holdings

  1. United States Treasury Notes 2.38% 13.09%
  2. Wells Fargo Bank, National Association 3.32% 3.94%
  3. JP Morgan Mtg Ac7 2.11% 2.51%
  4. Sequoia Mtg Trust 4% 2.39%
  5. Towd Point Mortgage Trust 2.75% 2.37%
  6. Sprint Corporation 7.25% 2.15%
  7. Kraft Foods Group Inc. 3.5% 2.10%
  8. Dell International L.L.C. and EMC Corporation 6.02% 2.07%
  9. Apple Inc. 1.7% 2.03%
  10. Bank of America Corporation 4.2% 2.02%

Asset Allocation

Weighting Return Low Return High LFLSX % Rank
Bonds
88.38% 31.46% 195.17% 68.49%
Cash
9.05% -102.73% 49.23% 25.34%
Convertible Bonds
2.51% 0.00% 11.31% 28.93%
Stocks
0.06% -9.73% 22.96% 50.96%
Preferred Stocks
0.00% 0.00% 54.19% 99.45%
Other
0.00% -32.79% 31.21% 93.66%

Stock Sector Breakdown

Weighting Return Low Return High LFLSX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 48.41% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 67.53% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 26.81% 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 LFLSX % Rank
US
0.06% -5.14% 22.23% 50.96%
Non US
0.00% -9.82% 4.62% 96.97%

Bond Sector Breakdown

Weighting Return Low Return High LFLSX % Rank
Corporate
52.51% 0.00% 93.68% 31.13%
Securitized
14.07% 0.00% 98.77% 62.26%
Government
13.29% 0.00% 99.36% 50.41%
Derivative
12.08% -1.18% 43.87% 9.92%
Cash & Equivalents
8.05% 0.62% 48.65% 38.29%
Municipal
0.00% 0.00% 36.31% 99.45%

Bond Geographic Breakdown

Weighting Return Low Return High LFLSX % Rank
US
84.49% 14.50% 194.76% 25.62%
Non US
3.89% -6.50% 74.05% 86.78%

Expenses

LFLSX - Expenses

Operational Fees

LFLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.33% 0.06% 4.60% 1.75%
Management Fee 0.55% 0.00% 2.25% 46.84%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

LFLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

LFLSX 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.

LFLSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 192.00% 2.00% 899.00% 91.30%

Distributions

LFLSX - Distributions

Dividend Yield Analysis

LFLSX Category Low Category High LFLSX % Rank
Dividend Yield 2.68% 0.00% 5.97% 2.62%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LFLSX Category Low Category High LFLSX % Rank
Net Income Ratio 3.18% 0.87% 10.10% 77.81%

Capital Gain Distribution Analysis

LFLSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LFLSX - Fund Manager Analysis

Managers

Gerhardt (Gary) Herbert


Start Date

Tenure

Tenure Rank

May 31, 2016

3.67

3.7%

Gary is a portfolio manager and head of global credit. Gary joined Brandywine Global in March 2010, bringing with him over 20 years of high yield experience. Previously, Gary was a Managing Director, Portfolio Manager with Guggenheim Partners, LLC (2009-2010); a Managing Director, Portfolio Manager with Dreman Value Management, LLC (2007-2009); and an Executive Director, Portfolio Manager (1999-2007) and Associate (1994-1998) with Morgan Stanley Investment Management. Gary earned his M.B.A. with Honors from Columbia University, and a Bachelor Degree from Villanova University.

Brian Kloss


Start Date

Tenure

Tenure Rank

May 31, 2016

3.67

3.7%

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

May 31, 2016

3.67

3.7%

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.

Jack McIntyre


Start Date

Tenure

Tenure Rank

Nov 08, 2017

2.23

2.2%

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

Nov 08, 2017

2.23

2.2%

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 28.73 5.49 3.59