BGHIX Fees and Costs — BrandywineGLOBAL - HIGH YIELD FUND, Class I
Data updated: 2026-08-26
The net expense ratio is 0.66%: a 0.50% management fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 90%.
BGHIX Fees and Expenses
Annual operating expenses and sales charges of BGHIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BGHIX Costs Over Time
On $10,000 invested in BGHIX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,348 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
BGHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
BGHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $7K | 100.00% |
BGHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $863.2M | 19.32% |
| J.P. Morgan Securities LLC | $587.9M | 13.16% |
| Goldman Sachs & Co. LLC | $527.0M | 11.80% |
| BARCLAYS CAPITAL, INC. | $457.2M | 10.24% |
| BOFA SECURITIES, INC. | $444.7M | 9.96% |
| MORGAN STANLEY & CO. LLC | $400.5M | 8.97% |
| PERSHING LLC | $365.8M | 8.19% |
| JEFFERIES LLC | $305.6M | 6.84% |
| CitiGroup Global Markets Inc. | $275.2M | 6.16% |
| WELLS FARGO SECURITIES, LLC | $239.8M | 5.37% |
BrandywineGLOBAL - HIGH YIELD FUND Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BGHSX | Class IS | 0.54% | none |
| BGHIX | Class I | 0.66% | none |
| BGHAX | Class A | 0.87% | 3.75% |
| BGHCX | Class C | 1.62% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.