LROIX: BrandywineGLOBAL - Global Unconstrained Bond Fund - MutualFunds.com
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LROIX - Snapshot

Vitals

  • YTD Return -1.1%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $785 M
  • Holdings in Top 10 44.8%

52 WEEK LOW AND HIGH

$12.52
$10.47
$12.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

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

BROKERAGE FEES

  • Turnover 107.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification


Compare LROIX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.98

-0.17%

$134.41 B

4.65%

$0.56

-1.07%

1.09%

$10.35

0.00%

$37.29 B

2.46%

$0.26

-0.19%

0.74%

$8.42

0.00%

$21.72 B

3.63%

$0.31

0.12%

0.79%

$12.52

0.00%

$15.69 B

2.09%

$0.26

-0.71%

0.96%

$9.51

0.00%

$13.79 B

4.59%

$0.44

-2.96%

0.93%

LROIX - Profile

Distributions

  • YTD Total Return -1.1%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    BrandywineGLOBAL - Global Unconstrained Bond Fund
  • Fund Family Name
    Legg Mason
  • Inception Date
    Feb 28, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Hoffman

LROIX - Performance

Return Ranking - Trailing

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -7.6% 13.0% 68.93%
1 Yr 9.2% -28.1% 22.7% 12.17%
3 Yr 1.7%* -11.2% 11.0% 87.94%
5 Yr 3.9%* -10.5% 15.3% 75.46%
10 Yr 3.4%* -1.6% 12.6% 61.92%

* Annualized

Return Ranking - Calendar

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
2020 5.8% -49.2% 314.3% 12.94%
2019 5.5% -35.1% 15.3% 39.51%
2018 -6.4% -48.0% 3.1% 69.53%
2017 3.3% -14.8% 11.2% 20.18%
2016 4.5% -11.2% 10.7% 24.86%

Total Return Ranking - Trailing

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.1% -7.6% 13.0% 68.93%
1 Yr 9.2% -30.6% 22.7% 9.64%
3 Yr 1.7%* -12.9% 11.0% 85.16%
5 Yr 3.9%* -11.6% 15.3% 72.31%
10 Yr 3.4%* -1.6% 12.6% 59.01%

* Annualized

Total Return Ranking - Calendar

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
2020 5.8% -49.2% 314.3% 12.94%
2019 5.5% -35.1% 15.3% 40.12%
2018 -3.5% -48.0% 8.0% 47.47%
2017 7.1% -14.8% 15.2% 10.45%
2016 4.5% -11.2% 17.7% 43.79%

NAV & Total Return History


LROIX - Holdings

Concentration Analysis

LROIX Category Low Category High LROIX % Rank
Net Assets 785 M 1.5 M 134 B 44.01%
Number of Holdings 125 3 7706 79.34%
Net Assets in Top 10 347 M -2.93 B 25.1 B 30.20%
Weighting of Top 10 44.83% 4.1% 100.0% 25.82%

Top 10 Holdings

  1. United States Treasury Notes 0.21% 15.71%
  2. Republic of Colombia 6% 4.66%
  3. JPMorgan US Government MMkt Instl 4.31%
  4. United States Treasury Notes 0.25% 3.45%
  5. Mexico (United Mexican States) 8.5% 3.19%
  6. United States Treasury Notes 0.15% 3.16%
  7. Indonesia (Republic of) 9% 3.02%
  8. Citibank, N.A. 0.56% 3.01%
  9. Secretaria Tesouro Nacional 10% 2.69%
  10. Republic of South Africa 8.25% 2.64%

Asset Allocation

Weighting Return Low Return High LROIX % Rank
Bonds
83.20% -262.75% 315.11% 64.24%
Cash
10.53% -220.60% 362.75% 33.38%
Convertible Bonds
6.27% 0.00% 179.84% 14.30%
Stocks
0.00% -91.60% 171.32% 86.89%
Preferred Stocks
0.00% 0.00% 33.11% 81.46%
Other
0.00% -41.76% 120.57% 73.25%

Bond Sector Breakdown

Weighting Return Low Return High LROIX % Rank
Derivative
54.18% 0.00% 56.11% 1.46%
Government
21.90% 0.00% 98.91% 26.23%
Corporate
12.87% 0.00% 100.00% 80.40%
Securitized
6.30% 0.00% 98.78% 71.66%
Cash & Equivalents
4.75% 0.00% 100.00% 69.67%
Municipal
0.00% 0.00% 42.12% 77.35%

Bond Geographic Breakdown

Weighting Return Low Return High LROIX % Rank
US
54.21% -262.75% 168.96% 62.38%
Non US
28.99% 0.00% 151.10% 32.32%

LROIX - Expenses

Operational Fees

LROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.01% 14.61% 64.03%
Management Fee 0.65% 0.00% 2.25% 63.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

LROIX 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 1.00% 5.50% N/A

Trading Fees

LROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

LROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.00% 0.00% 493.00% 65.87%

LROIX - Distributions

Dividend Yield Analysis

LROIX Category Low Category High LROIX % Rank
Dividend Yield 0.00% 0.00% 7.18% 68.26%

Dividend Distribution Analysis

LROIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

LROIX Category Low Category High LROIX % Rank
Net Income Ratio 2.20% -1.55% 18.14% 84.15%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

LROIX - Fund Manager Analysis

Managers

David Hoffman


Start Date

Tenure

Tenure Rank

Feb 28, 2011

10.01

10.0%

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 28, 2011

10.01

10.0%

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

4.08

4.1%

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

0.16

0.2%

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

0.16

0.2%

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
0.07 27.18 5.39 2.16