BrandywineGLOBAL - Global Opportunities Bond Fund

C000119612 Fund Overview

BrandywineGLOBAL - Global Opportunities Bond Fund is a US mutual fund managed by Legg Mason Global Asset Management Trust, categorised as Intermediate Total / Aggregate 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: Intermediate Total / Aggregate Bond
• Assets under management: $1.26B
• 1-year return: 15.4%
• SEC CIK: 0001474103
• SEC series ID: S000036894
• Share class ID: C000119612

C000119612 Investment Objective and Strategy

BrandywineGLOBAL - Global 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.

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. 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 funds investments typically include securities of sovereign governments and supranational organizations. The fund may invest up to 25% of its net assets in convertible debt securities. From time to time, the fund maintains extensive positions in currency related derivative instruments, including currency forwards. These positions may be used to gain indirect exposure to sovereign government bonds or for other reasons. These positions may represent a large component of the funds assets, and exposure to any single currency may be sizeable. In addition, the fund may invest in bond futures, interest rate futures, swaps (including interest rate and total return swaps), credit default swaps (including buying and selling credit default swaps), and options. The fund may use derivatives, including currency forwards, 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 to obtain net long or net short exposure to selected interest rates, countries, durations or credit risks.

The fund may use one or more types of these instruments without limit, subject to applicable regulatory requirements. Certain types of derivatives have a leverage-like effect on the portfolio, in that they require a relatively small premium or margin payment in relation to the size of the investment exposure the fund acquires. Although the portfolio managers have the flexibility to use derivative instruments for hedging purposes, they may choose not to for a variety of reasons, even under very volatile market conditions. The funds investments in derivatives and other synthetic instruments that the subadviser believes have economic characteristics or provide investment exposure to one or more of the market risk factors associated with investments similar to those securities described in the funds 80% investment policy will be counted towards satisfaction of that investment policy.

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 fund may invest in securities of any maturity. 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.

C000119612 Holdings

Top 10 holdings of BrandywineGLOBAL - Global Opportunities Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000119612 holdings

C000119612 Portfolio Allocation

Asset-class allocation of BrandywineGLOBAL - Global Opportunities Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000119612 Performance

Total returns for C000119612 (as of 2026-10-01), from SEC filings.

C000119612 Risk Information

Risk metrics for C000119612, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.4%

C000119612 Costs and Fees

C000119612 costs about $112 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.12%
• Gross expense ratio: 1.12%
• Portfolio turnover: 235%
• Brokerage commissions: 0.18 bps of average net assets (SEC N-CEN)

C000119612 Cashflows

Over the 12 months to 2026-06, BrandywineGLOBAL - Global Opportunities Bond Fund had net inflows of $18.14M, from monthly SEC N-PORT filings.

C000119612 Debt Constituents

Largest debt holdings of BrandywineGLOBAL - Global Opportunities Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000119612 Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2026-04-24
• Prospectus (485BPOS) — filed 2025-04-24
• Prospectus (485BPOS) — filed 2024-04-24
• Portfolio holdings (N-PORT) — filed 2026-08-26
• Portfolio holdings (N-PORT) — filed 2026-05-28
• Portfolio holdings (N-PORT) — filed 2026-02-25
• Annual census (N-CEN) — filed 2026-03-11
• Annual census (N-CEN) — filed 2025-03-13

Related Funds

Other Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:

• Vanguard Total Bond Market Index Fund (VBMFX)
• Vanguard Total Bond Market II Index Fund (VTBIX)
• Vanguard Total International Bond II Index Fund (VTIIX)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• Vanguard Total International Bond Index Fund (VTIBX)

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.