BrandywineGLOBAL - Global High Yield Fund
Data updated: 2022-05-20
C000132048 — BrandywineGLOBAL - Global High Yield Fund. Corporate Bond · $27.49M AUM · 1.90% expense ratio. Holdings, fees, performance and SEC filings.
C000132048 Fund Overview
BrandywineGLOBAL - Global High Yield Fund is a US mutual fund managed by Legg Mason Global Asset Management Trust, categorised as Corporate 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: Corporate Bond
- Assets under management: $27.49M
- 1-year return: -2.9%
- SEC CIK: 0001474103
- SEC series ID: S000037642
- Share class ID: C000132048
C000132048 Investment Objective and Strategy
BrandywineGLOBAL - Global High Yield 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
The fund’s primary objective is to provide a high level of current income.
Principal investment strategy
Under normal market conditions, the fund will invest at least 80% of its total assets in high yield securities. High yield securities are those rated below investment grade (that is, securities rated below Baa/BBB assigned by at least one Nationally Recognized Statistical Rating Organization (NRSRO)) or unrated securities determined by the subadviser to be of comparable credit quality; they are commonly known as junk bonds. The funds high yield securities may include distressed and defaulted securities. As a global fund, the fund can seek investment opportunities anywhere in the world, and under normal market conditions, the fund will be invested in at least three countries, which may include the United States. The fund can invest without limit in foreign securities in any country, including countries with developing or emerging markets.
The funds investments may be denominated in foreign currency or U.S. dollar-denominated. Under normal market conditions, the investment universe primarily consists of high yield debt of corporate or sovereign issuers. The portfolio managers may also consider investment in other instruments including: bank loans, defaulted bonds, defaulted bank loans, debtor-in-possession loans (DIP loans), investment grade corporate bonds, U.S. Treasuries and agencies, mortgage-backed securities, asset-backed securities, zero coupon bonds, securities representing securitized assets, currencies, preferred stock, convertible bonds, and other fixed income securities. The fund may enter into various derivatives transactions including, but not limited to, forwards, futures, options, swaps and credit default swaps (index and single name).
Derivatives may be used by the fund as a hedging technique in an attempt to manage risk; as a substitute for buying or selling securities; to provide additional exposure to investment types or market factors; to change the characteristics of the funds portfolio; in an attempt to enhance returns; and to manage cash. The instruments are taken into account when determining compliance with the funds 80% policy. The fund may invest in currency forwards in order to hedge its currency exposure in bond positions or to gain currency exposure. These investments may be significant at times. Although the portfolio managers have the flexibility to make use of currency forwards, they may choose not to for a variety of reasons, even under very volatile market conditions. 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 0 to 7 years. 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.
C000132048 Performance
Total returns for C000132048 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.9% |
| 3 years (annualised) | 3.1% |
C000132048 Risk Information
Risk metrics for C000132048, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
C000132048 Costs and Fees
C000132048 costs about $190 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.90%
- Gross expense ratio: 2.46%
- Portfolio turnover: 76%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
C000132048 Cashflows
Over the 12 months to 2022-03, BrandywineGLOBAL - Global High Yield Fund had net inflows of $30.49M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $18.49M |
| 2022-02 | $565.37K |
| 2022-01 | $2.50M |
| 2021-12 | $912.16K |
| 2021-11 | $325.23K |
| 2021-10 | $180.24K |
C000132048 Debt Constituents
No individual debt constituents are reported in BrandywineGLOBAL - Global High Yield Fund's latest SEC N-PORT filing.
C000132048 Prospectus and SEC Filings
Official BrandywineGLOBAL - Global High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-24
- Prospectus (485BPOS) — filed 2021-01-25
- Prospectus (485BPOS) — filed 2020-02-10
- Portfolio holdings (N-PORT) — filed 2022-05-20
- Portfolio holdings (N-PORT) — filed 2022-02-25
- Portfolio holdings (N-PORT) — filed 2021-11-18
- Annual census (N-CEN) — filed 2021-12-07
- Annual census (N-CEN) — filed 2020-12-10
Related Funds
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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.