BrandywineGLOBAL Global Unconst Bond I
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
5.2%
3 Yr Avg Return
4.2%
5 Yr Avg Return
3.3%
Net Assets
$754 M
Holdings in Top 10
53.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.86%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 107.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Nontraditional Bond
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
LROIX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return 4.2%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.20%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameBrandywineGLOBAL - Global Unconstrained Bond Fund
-
Fund Family NameLegg Mason
-
Inception DateFeb 28, 2011
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Hoffman
LROIX - Performance
Return Ranking - Trailing
| Period | LROIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.6% | -25.0% | 23.4% | 86.77% |
| 1 Yr | 5.2% | -30.0% | 49.9% | 61.87% |
| 3 Yr | 4.2%* | -10.6% | 11.7% | 60.96% |
| 5 Yr | 3.3%* | -14.4% | 13.9% | 70.18% |
| 10 Yr | 3.4%* | -1.4% | 14.0% | 65.13% |
* Annualized
Return Ranking - Calendar
| Period | LROIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.8% | -49.2% | 314.3% | 12.03% |
| 2019 | 5.5% | -35.1% | 16.7% | 36.02% |
| 2018 | -6.4% | -48.0% | 3.4% | 70.50% |
| 2017 | 3.3% | -14.8% | 11.2% | 20.41% |
| 2016 | 4.5% | -11.2% | 12.8% | 26.32% |
Total Return Ranking - Trailing
| Period | LROIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.6% | -25.0% | 23.2% | 86.88% |
| 1 Yr | 5.2% | -34.1% | 49.9% | 50.84% |
| 3 Yr | 4.2%* | -12.3% | 13.0% | 56.34% |
| 5 Yr | 3.3%* | -15.4% | 13.9% | 64.47% |
| 10 Yr | 3.4%* | -1.4% | 14.0% | 62.32% |
* Annualized
Total Return Ranking - Calendar
| Period | LROIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.8% | -49.2% | 314.3% | 12.03% |
| 2019 | 5.5% | -35.1% | 16.7% | 36.49% |
| 2018 | -3.5% | -48.0% | 8.0% | 49.91% |
| 2017 | 7.1% | -14.8% | 15.2% | 10.58% |
| 2016 | 4.5% | -11.2% | 17.7% | 45.42% |
NAV & Total Return History
LROIX - Holdings
Concentration Analysis
| LROIX | Category Low | Category High | LROIX % Rank | |
|---|---|---|---|---|
| Net Assets | 754 M | 10 | 143 B | 47.90% |
| Number of Holdings | 126 | 3 | 7887 | 74.69% |
| Net Assets in Top 10 | 406 M | -8.09 B | 6.07 B | 24.06% |
| Weighting of Top 10 | 53.73% | 4.1% | 100.0% | 21.26% |
Top 10 Holdings
- United States Treasury Notes 0.1% 20.29%
- South Africa (Republic of) 8.75% 5.11%
- United States Treasury Notes 0.11% 4.91%
- Secretaria Tesouro Nacional 10% 4.27%
- Mexico (United Mexican States) 8% 3.74%
- Colombia (Republic of) 6% 3.65%
- United States Treasury Notes 0.25% 3.45%
- United States Treasury Notes 0.11% 3.24%
- Citibank, N.A. 0.56% 3.01%
- United States Treasury Notes 0.16% 2.88%
Asset Allocation
| Weighting | Return Low | Return High | LROIX % Rank | |
|---|---|---|---|---|
| Bonds | 89.57% | -169.75% | 217.61% | 38.22% |
| Convertible Bonds | 6.92% | 0.00% | 129.09% | 11.15% |
| Cash | 2.98% | -152.64% | 281.06% | 70.18% |
| Stocks | 0.54% | -54.77% | 182.84% | 37.22% |
| Preferred Stocks | 0.00% | 0.00% | 32.58% | 79.82% |
| Other | 0.00% | -39.52% | 104.83% | 64.79% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LROIX % Rank | |
|---|---|---|---|---|
| Derivative | 57.30% | 0.00% | 58.05% | 1.25% |
| Government | 27.65% | 0.00% | 99.48% | 20.43% |
| Corporate | 8.82% | 0.00% | 100.00% | 86.09% |
| Securitized | 5.02% | 0.00% | 99.25% | 75.94% |
| Cash & Equivalents | 1.21% | 0.00% | 100.00% | 93.61% |
| Municipal | 0.00% | 0.00% | 54.18% | 72.81% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LROIX % Rank | |
|---|---|---|---|---|
| US | 56.08% | -170.06% | 209.58% | 65.79% |
| Non US | 33.49% | 0.00% | 126.35% | 23.31% |
LROIX - Expenses
Operational Fees
| LROIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.02% | 5.53% | 63.26% |
| Management Fee | 0.65% | 0.00% | 2.25% | 60.31% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | 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% | 498.00% | 62.58% |
LROIX - Distributions
Dividend Yield Analysis
| LROIX | Category Low | Category High | LROIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.60% | 0.00% | 3.36% | 62.32% |
Dividend Distribution Analysis
| LROIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| LROIX | Category Low | Category High | LROIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.20% | -1.31% | 11.44% | 79.59% |
Capital Gain Distribution Analysis
| LROIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 20, 2018 | $0.052 |
| Sep 27, 2018 | $0.102 |
| Jun 28, 2018 | $0.140 |
| Mar 28, 2018 | $0.110 |
| Sep 29, 2017 | $0.075 |
| Jun 30, 2017 | $0.054 |
| Mar 31, 2017 | $0.046 |
| Sep 30, 2015 | $0.065 |
| Jun 30, 2015 | $0.065 |
| Mar 31, 2015 | $0.067 |
| Dec 23, 2014 | $0.206 |
| Sep 30, 2014 | $0.139 |
| Mar 31, 2014 | $0.029 |
| Feb 28, 2014 | $0.027 |
| Jan 31, 2014 | $0.028 |
| Dec 31, 2013 | $0.028 |
| Nov 29, 2013 | $0.029 |
| Oct 31, 2013 | $0.029 |
| Sep 30, 2013 | $0.024 |
| Aug 30, 2013 | $0.027 |
| Jul 31, 2013 | $0.024 |
| Jun 28, 2013 | $0.019 |
| May 31, 2013 | $0.026 |
| Apr 30, 2013 | $0.024 |
| Mar 28, 2013 | $0.020 |
| Feb 28, 2013 | $0.025 |
| Jan 31, 2013 | $0.033 |
| Dec 31, 2012 | $0.037 |
| Nov 30, 2012 | $0.038 |
| Oct 31, 2012 | $0.037 |
| Sep 28, 2012 | $0.025 |
| Aug 31, 2012 | $0.030 |
| Jul 31, 2012 | $0.031 |
| Jun 29, 2012 | $0.029 |
| May 31, 2012 | $0.026 |
| Apr 30, 2012 | $0.023 |
| Mar 30, 2012 | $0.026 |
| Feb 29, 2012 | $0.025 |
| Jan 31, 2012 | $0.021 |
| Dec 30, 2011 | $0.026 |
| Nov 30, 2011 | $0.020 |
| Oct 31, 2011 | $0.018 |
| Sep 30, 2011 | $0.020 |
| Aug 31, 2011 | $0.024 |
| Jul 29, 2011 | $0.022 |
| Jun 30, 2011 | $0.023 |
| May 31, 2011 | $0.025 |
| Apr 29, 2011 | $0.028 |
| Mar 31, 2011 | $0.019 |
LROIX - Fund Manager Analysis
Managers
David Hoffman
Start Date
Tenure
Tenure Rank
Feb 28, 2011
10.51
10.5%
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
10.51
10.5%
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
4.58
4.6%
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.
Brian Kloss
Start Date
Tenure
Tenure Rank
Dec 31, 2020
0.67
0.7%
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
Dec 31, 2020
0.67
0.7%
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).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 27.68 | 5.4 | 2.45 |