LROIX: BrandywineGLOBAL Global Unconst Bond I

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LROIX BrandywineGLOBAL Global Unconst Bond I


Profile

LROIX - Profile

Vitals

  • YTD Return 1.6%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $741 M
  • Holdings in Top 10 48.3%

52 WEEK LOW AND HIGH

$12.14
$10.47
$12.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

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

BROKERAGE FEES

  • Turnover 44.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

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

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.60%
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

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Categories

Performance

LROIX - Performance

Return Ranking - Trailing

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -21.5% 302.0% 28.40%
1 Yr 6.1% -24.0% 304.3% 9.43%
3 Yr -1.7%* -12.1% 58.6% 60.47%
5 Yr 0.6%* -6.6% 33.2% 19.82%
10 Yr N/A* -4.9% 14.8% N/A

* Annualized

Return Ranking - Calendar

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -7.4% 12.4% 14.72%
2018 -6.4% -9.2% 0.8% 84.21%
2017 3.3% -12.3% 9.4% 17.20%
2016 4.5% -2.8% 10.7% 19.91%
2015 -9.8% -11.1% 4.8% 97.50%

Total Return Ranking - Trailing

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -21.5% 302.0% 28.40%
1 Yr 6.1% -24.0% 304.3% 9.43%
3 Yr 0.2%* -9.0% 62.5% 43.41%
5 Yr 2.7%* -4.3% 37.0% 11.98%
10 Yr N/A* -4.9% 20.0% N/A

* Annualized

Total Return Ranking - Calendar

Period LROIX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -7.0% 12.6% 15.05%
2018 -3.5% -9.2% 4.8% 65.79%
2017 7.1% -3.1% 15.2% 5.60%
2016 4.5% -2.8% 17.7% 41.99%
2015 -5.3% -10.1% 5.4% 75.50%

NAV & Total Return History


Holdings

LROIX - Holdings

Concentration Analysis

LROIX Category Low Category High LROIX % Rank
Net Assets 741 M 2.88 M 32.4 B 45.78%
Number of Holdings 187 1 5115 70.57%
Net Assets in Top 10 348 M -3.43 B 10 B 29.75%
Weighting of Top 10 48.28% 11.1% 866.9% 35.51%

Top 10 Holdings

  1. United States Treasury Notes 0.26% 17.42%
  2. JPMorgan US Government MMkt Instl 5.29%
  3. Republic of Colombia 6% 4.58%
  4. United States Treasury Notes 0.3% 3.57%
  5. Indonesia (Republic of) 9% 3.41%
  6. Citibank, N.A. 0.78% 3.24%
  7. Mexico (United Mexican States) 8.5% 2.94%
  8. Bank of America Corporation 4.08% 2.77%
  9. Goldman Sachs Group, Inc. 1.11% 2.57%
  10. Ford Motor Credit Company LLC 2.18% 2.49%

Asset Allocation

Weighting Return Low Return High LROIX % Rank
Bonds
90.11% -2367.93% 258.37% 35.76%
Convertible Bonds
5.50% -1.28% 141.94% 20.25%
Cash
4.01% -164.01% 2217.71% 72.47%
Stocks
0.38% -71.93% 249.29% 28.48%
Preferred Stocks
0.00% 0.00% 23.00% 83.86%
Other
0.00% -15.28% 43.46% 80.38%

Stock Sector Breakdown

Weighting Return Low Return High LROIX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 21.38% N/A
Healthcare
0.00% 0.00% 77.78% 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% 95.20% N/A
Consumer Defense
0.00% 0.00% 96.39% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 65.40% N/A

Stock Geographic Breakdown

Weighting Return Low Return High LROIX % Rank
US
0.38% -67.71% 220.94% 22.15%
Non US
0.00% -4.22% 28.35% 77.22%

Bond Sector Breakdown

Weighting Return Low Return High LROIX % Rank
Derivative
66.70% -238.73% 68.05% 3.48%
Government
14.81% -7.42% 398.07% 45.57%
Corporate
11.68% 0.00% 95.75% 70.57%
Securitized
5.06% 0.00% 95.98% 67.41%
Cash & Equivalents
1.75% -103.66% 100.00% 96.52%
Municipal
0.00% 0.00% 80.02% 82.28%

Bond Geographic Breakdown

Weighting Return Low Return High LROIX % Rank
US
64.47% -458.01% 190.23% 42.09%
Non US
25.64% -2231.74% 219.61% 39.24%

Expenses

LROIX - Expenses

Operational Fees

LROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 14.61% 69.01%
Management Fee 0.65% 0.00% 2.15% 62.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

LROIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.00% 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 44.00% 2.00% 532.00% 23.94%

Distributions

LROIX - Distributions

Dividend Yield Analysis

LROIX Category Low Category High LROIX % Rank
Dividend Yield 0.00% 0.00% 4.58% 76.29%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LROIX Category Low Category High LROIX % Rank
Net Income Ratio 3.60% -0.23% 6.94% 35.76%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LROIX - Fund Manager Analysis

Managers

David Hoffman


Start Date

Tenure

Tenure Rank

Feb 28, 2011

9.51

9.5%

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).

Stephen Smith


Start Date

Tenure

Tenure Rank

Feb 28, 2011

9.51

9.5%

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.

Jack McIntyre


Start Date

Tenure

Tenure Rank

Feb 28, 2011

9.51

9.5%

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 25.68 5.68 1.67