BrandywineGLOBAL - International Opportunities Bond Fund

Data updated: 2021-11-24

C000082104 — BrandywineGLOBAL - International Opportunities Bond Fund. Bond · $57.39M AUM · 1.01% expense ratio. Holdings, fees, performance and SEC filings.

C000082104 Fund Overview

BrandywineGLOBAL - International Opportunities Bond Fund is a US mutual fund managed by Legg Mason Global Asset Management Trust, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: Legg Mason Global Asset Management Trust
  • Category: Bond
  • Assets under management: $57.39M
  • 1-year return: 2.1%
  • SEC CIK: 0001474103
  • SEC series ID: S000027197
  • Share class ID: C000082104

C000082104 Investment Objective and Strategy

BrandywineGLOBAL - International Opportunities Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Global Asset Management Trust.

Investment objective

Maximize total return consisting of income and capital appreciation. Prior to December 29, 2017, BrandywineGLOBAL ? International Opportunities Bond Fund was named Legg Mason BW International Opportunities Bond Fund.

Principal investment strategy

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities of issuers located in developed market countries. The fund will invest in the sovereign debt and currencies of countries in the FTSE World Government Bond Index Ex-U.S. (Unhedged). Any country that, at the time of purchase, has a sovereign debt rating of A- or better from at least one nationally recognized statistical ratings organization (NRSRO) or is included in the FTSE World Government Bond Index will be considered a developed country. The fund will invest in both investment grade and below investment grade fixed income securities, and intends to invest less than 35% of its net assets in below investment grade fixed income securities (commonly known as high yield debt or junk bonds).

The portfolio managers intend to maintain an average weighted portfolio quality of A- or better, whether composed of rated securities or unrated securities deemed by the portfolio managers to be of comparable quality. The fund may invest up to 25% of its net assets in convertible debt securities. The fund may invest in currency forwards in order to hedge its currency exposure in bond positions or to gain currency exposure. In addition, the fund may invest in bond futures, interest rate futures, swaps (including interest rate and total return swaps), and credit default swaps (including buying and selling credit default swaps). The fund may use derivatives to enhance total return, to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the effective duration of its portfolio, to manage certain investment risks and/or as a substitute for the purchase or sale of securities or currencies.

These investments may be significant at times. Although the portfolio managers have the flexibility to use these instruments for hedging purposes, they may choose not to for a variety of reasons, even under very volatile market conditions. The fund will normally hold a portfolio of fixed income securities of issuers located in a minimum of six countries. Although the fund invests primarily in issuers in developed market countries as defined above, the fund may also invest in issuers in emerging market countries, and some of the countries that the fund considers to be developed may still have certain economic or other characteristics that are considered developing and are similar to emerging market countries. The weighted average effective duration of the funds portfolio, including derivatives, is expected to range from 1 to 10 years but for individual markets may be greater or lesser depending on the portfolio managers view of the prospects for lower interest rates and the potential for capital gains.

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.

C000082104 Performance

Total returns for C000082104 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year2.1%
3 years (annualised)1.4%

C000082104 Risk Information

Risk metrics for C000082104, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 8.5%

C000082104 Costs and Fees

C000082104 costs about $101 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.01%
  • Gross expense ratio: 1.42%
  • Portfolio turnover: 135%
  • Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)

C000082104 Cashflows

Over the 12 months to 2021-09, BrandywineGLOBAL - International Opportunities Bond Fund had net inflows of $30.09M, from monthly SEC N-PORT filings.

MonthNet flow
2021-09$689.76K
2021-08$667.27K
2021-07$1.32M
2021-06$2.31M
2021-05$1.40M
2021-04$5.05M

C000082104 Debt Constituents

No individual debt constituents are reported in BrandywineGLOBAL - International Opportunities Bond Fund's latest SEC N-PORT filing.

C000082104 Prospectus and SEC Filings

Official BrandywineGLOBAL - International Opportunities Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.