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Trending ETFs

Name

As of 05/13/2022

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

$8.03

$26.4 M

4.36%

$0.35

0.85%

Vitals

YTD Return

-8.8%

1 yr return

-6.6%

3 Yr Avg Return

3.3%

5 Yr Avg Return

3.0%

Net Assets

$26.4 M

Holdings in Top 10

25.5%

52 WEEK LOW AND HIGH

$8.0
$8.02
$9.15

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 76.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/13/2022

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

$8.03

$26.4 M

4.36%

$0.35

0.85%

LMYIX - Profile

Distributions

  • YTD Total Return -8.8%
  • 3 Yr Annualized Total Return 3.3%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.73%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BrandywineGLOBAL - Global High Yield Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Feb 18, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Kloss

Fund Description

Under normal market conditions, the fund will invest at least 80% of its total assets in high yield securities. High yield securities are those rated below investment grade (that is, securities rated below Baa/BBB assigned by at least one Nationally Recognized Statistical Rating Organization (“NRSRO”)) or unrated securities determined by the subadviser to be of comparable credit quality; they are commonly known as “junk bonds.” The fund’s high yield securities may include distressed and defaulted securities.
As a global fund, the fund can seek investment opportunities anywhere in the world, and under normal market conditions, the fund will be invested in at least three countries, which may include the United States. The fund can invest without limit in securities of issuers in the United States or in any other country, including countries with developing or emerging markets. The fund’s investments may be denominated in foreign currency or U.S. dollar-denominated.
Under normal market conditions, the investment universe primarily consists of high yield debt of corporate or sovereign issuers. The portfolio managers may also consider investment in other instruments including: bank loans, defaulted bonds, defaulted bank loans, debtor-in-possession loans (“DIP loans”), investment grade corporate bonds, U.S. Treasuries and agencies, mortgage-backed securities, asset-backed securities, zero coupon bonds, securities representing securitized assets, currencies, preferred stock, convertible bonds, and other fixed income securities.
The fund may enter into various derivatives transactions including, but not limited to, forwards, futures, options, swaps and credit default swaps (index and single name). Derivatives may be used by the fund as a hedging technique in an attempt to manage risk; as a substitute for buying or selling securities; to provide additional exposure to investment types or market factors; to change the characteristics of the fund’s portfolio; in an attempt to enhance returns; and to manage cash. The instruments are taken into account when determining compliance with the fund’s 80% policy.
  
The fund may invest in currency forwards in order to hedge its currency exposure in bond positions or to gain currency exposure. These investments may be significant at times. Although the portfolio managers have the flexibility to make use of currency forwards, they may choose not to for a variety of reasons, even under very volatile market conditions. 
The fund may invest in securities of any maturity. The weighted average effective duration of the fund’s portfolio, including derivatives, is expected to range from 0 to 7 years. 
The fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund. 
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LMYIX - Performance

Return Ranking - Trailing

Period LMYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.8% -69.1% 10.5% 23.18%
1 Yr -6.6% -29.4% 44.9% 88.56%
3 Yr 3.3%* -23.6% 17.4% 22.13%
5 Yr 3.0%* -13.9% 13.4% 54.69%
10 Yr N/A* 0.5% 9.2% 10.38%

* Annualized

Return Ranking - Calendar

Period LMYIX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.0% -75.1% 15.2% 89.48%
2022 3.0% -56.9% 399.1% 9.89%
2021 6.3% -61.3% 226.1% 70.75%
2020 -10.0% -49.0% 2.0% 84.97%
2019 4.7% -25.2% 18.8% 5.10%

Total Return Ranking - Trailing

Period LMYIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.8% -69.1% 10.5% 17.04%
1 Yr -6.6% -29.4% 52.4% 76.18%
3 Yr 3.3%* -23.6% 16.3% 22.86%
5 Yr 3.0%* -13.9% 12.7% 50.88%
10 Yr N/A* 0.5% 9.2% 21.70%

* Annualized

Total Return Ranking - Calendar

Period LMYIX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.0% -75.1% 15.2% 89.48%
2022 3.0% -56.9% 399.1% 9.89%
2021 6.3% -61.3% 226.1% 71.33%
2020 -10.0% -49.0% 2.0% 88.34%
2019 4.7% -25.2% 18.8% 20.41%

NAV & Total Return History


LMYIX - Holdings

Concentration Analysis

LMYIX Category Low Category High LMYIX % Rank
Net Assets 26.4 M 1.38 M 26.3 B 92.63%
Number of Holdings 117 1 2736 82.65%
Net Assets in Top 10 6.84 M -492 M 2.55 B 81.08%
Weighting of Top 10 25.51% 3.2% 100.0% 17.41%

Top 10 Holdings

  1. Western Asset Prem Instl US Trs Rsv Pref 4.18%
  2. First Quantum Minerals Ltd. 6.875% 3.23%
  3. Petroleos Mexicanos 5.35% 2.85%
  4. DISH Network Corporation 3.375% 2.56%
  5. Petsmart Inc 5.88% 2.53%
  6. Mohegan Tribal Gaming Authority 8% 2.34%
  7. Petrobras Global Finance B.V. 5.6% 2.31%
  8. Egypt (Arab Republic of) 13.16% 2.28%
  9. Egypt (Arab Republic of) 13.16% 2.28%
  10. Egypt (Arab Republic of) 13.16% 2.28%

Asset Allocation

Weighting Return Low Return High LMYIX % Rank
Bonds
90.68% 0.00% 154.38% 75.75%
Convertible Bonds
5.54% -0.03% 20.42% 4.10%
Cash
3.73% -52.00% 100.00% 38.55%
Stocks
0.05% -4.26% 52.73% 62.91%
Preferred Stocks
0.00% 0.00% 13.16% 90.60%
Other
0.00% -63.70% 32.06% 81.57%

Bond Sector Breakdown

Weighting Return Low Return High LMYIX % Rank
Corporate
74.38% 0.00% 100.00% 90.71%
Derivative
19.70% 0.00% 45.95% 1.21%
Cash & Equivalents
3.64% 0.00% 100.00% 42.94%
Government
2.28% 0.00% 99.76% 15.56%
Securitized
0.00% 0.00% 95.13% 88.54%
Municipal
0.00% 0.00% 1.17% 80.82%

Bond Geographic Breakdown

Weighting Return Low Return High LMYIX % Rank
US
54.91% 0.00% 145.75% 90.84%
Non US
35.77% 0.00% 97.18% 7.23%

LMYIX - Expenses

Operational Fees

LMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.02% 4.67% 48.23%
Management Fee 0.65% 0.00% 1.84% 79.11%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

LMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

LMYIX 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.

LMYIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 76.00% 1.00% 327.00% 70.14%

LMYIX - Distributions

Dividend Yield Analysis

LMYIX Category Low Category High LMYIX % Rank
Dividend Yield 4.36% 0.00% 34.04% 5.75%

Dividend Distribution Analysis

LMYIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

LMYIX Category Low Category High LMYIX % Rank
Net Income Ratio 4.73% -2.39% 9.30% 34.79%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LMYIX - Fund Manager Analysis

Managers

Brian Kloss


Start Date

Tenure

Tenure Rank

Nov 30, 2012

9.42

9.4%

Brian L. Kloss, JD, CPA, is a portfolio manager and head of high yield for Brandywine Global. Brian joined Brandywine Global in December 2009。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).

Tracy Chen


Start Date

Tenure

Tenure Rank

Nov 30, 2012

9.42

9.4%

Tracy Chen, CFA®, CAIA is a portfolio manager and head of Structured Credit for Brandywine Global. 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).

Michael Arno


Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.33

1.3%

Mike is a research analyst on the Global Credit team. He is responsible for providing credit research analysis and support. He joined Brandywine Global as a product specialist within client service in 2006 and has been a member of the Global Credit team since April 2011. Prior to joining Brandywine Global in 2006, Mike was an associate for the Vanguard Group (2004-2006). A CFA® charterholder, he earned a B.S. in Finance from Temple University.

Renato Latini


Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.33

1.3%

Renato is a high yield research analyst on the Global Credit team. He is responsible for providing global macro and credit research analysis and support. Renato joined Brandywine Global in 2006 as a trader for the Firm’s Global Fixed income and related strategies. Prior to joining Brandywine Global in 2006, Renato was an investment analyst at Watson Wyatt Investment Consulting (2004-2006). He is a CFA® charterholder and earned a B.A. in Physics and Economics from the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.71 6.68 3.33