LMAOX Performance — BrandywineGLOBAL - Alternative Credit Fund, Class FI
Data updated: 2025-06-25
LMAOX returned +2.89% over one year to Apr 2025. Annualised returns are +0.69% over 3 years and +4.09% over 5 years. The fund trailed its Global Short-Term Corporate Bond category average: $100 invested three years ago grew to $102, against $117 for the category, and to $103 over one year, against $107. Volatility over the past three years was 4.16% a year. In the 12 months to Apr 2025 the fund lost a net $56.4M, and assets reached $12.57M.
LMAOX Growth of $100
What $100 invested in BrandywineGLOBAL - Alternative Credit Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Short-Term Corporate Bond category average over the same months.
| Period | LMAOX | Category average |
|---|---|---|
| 1 year (May 2024 – Apr 2025) | $103 | $107 |
| 3 years (May 2022 – Apr 2025) | $102 | $117 |
| 5 years (May 2020 – Apr 2025) | $122 | $129 |
| Since data start (Aug 2019 – Apr 2025) | $107 | $124 |
LMAOX Trailing Returns
Total returns to Apr 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.89% |
| 3 years (annualised) | +0.69% |
| 5 years (annualised) | +4.09% |
LMAOX Annual Returns
Calendar-year total returns of BrandywineGLOBAL - Alternative Credit Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Apr) | −0.58% |
| 2024 | +5.75% |
| 2023 | −3.22% |
| 2022 | −2.61% |
| 2021 | +4.57% |
| 2020 | +0.93% |
| 2019 (Aug–Dec) | +1.96% |
LMAOX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.8% | +0.4% | −1.2% | −1.4% | — | — | — | — | — | — | — | — |
| 2024 | +0.8% | +0.4% | +1.5% | −0.5% | +1.2% | +0.7% | +1.0% | +0.9% | −0.1% | −1.0% | +0.9% | −0.1% |
| 2023 | −0.4% | −0.9% | −1.2% | +0.8% | −0.9% | −1.6% | −0.4% | −0.1% | −1.2% | +0.6% | −0.2% | +2.5% |
| 2022 | −0.1% | −0.7% | −2.4% | +0.2% | −1.4% | +1.9% | −1.9% | +0.8% | +0.3% | −1.9% | +0.1% | +2.5% |
| 2021 | +1.3% | +1.7% | −0.2% | +0.9% | +0.8% | +0.3% | −0.1% | +0.2% | 0.0% | −0.2% | −0.5% | +0.4% |
| 2020 | +1.6% | +1.6% | −14.4% | −3.2% | +3.2% | +6.6% | +0.8% | +0.2% | +0.1% | −0.1% | +2.6% | +3.4% |
| 2019 | — | — | — | — | — | — | — | +1.2% | −0.1% | +0.4% | +0.1% | +0.3% |
LMAOX Risk
Risk measures from monthly returns over May 2022 – Apr 2025.
- 3-year volatility (annualised): 4.16%
- 3-year Sharpe ratio: -0.92 (vs 4.5% risk-free rate)
- Best month: +2.52% (Dec 2022)
- Worst month: −1.94% (Jul 2022)
LMAOX Fund Flows
Monthly money in and out of BrandywineGLOBAL - Alternative Credit Fund, from SEC Form N-PORT.
- 12-month net flow: −$56.4M
- 12-month gross sales (incl. reinvestments): $9.5M
- Sales ÷ redemptions: 0.14×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Apr 2025 | $155K | $1.2M | −$1.0M |
| Mar 2025 | $223K | $1.8M | −$1.6M |
| Feb 2025 | $394K | $14.0M | −$13.6M |
| Jan 2025 | $784K | $889K | −$105K |
| Dec 2024 | $1.3M | $1.5M | −$208K |
| Nov 2024 | $492K | $875K | −$383K |
| Oct 2024 | $1.7M | $1.6M | $97K |
| Sep 2024 | $507K | $40.2M | −$39.7M |
| Aug 2024 | $584K | $736K | −$153K |
| Jul 2024 | $1.9M | $1.0M | $879K |
| Jun 2024 | $790K | $1.3M | −$465K |
| May 2024 | $715K | $791K | −$76K |
LMAOX Assets Under Management
Net assets of BrandywineGLOBAL - Alternative Credit Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-04-30 | $12.57M |
| 2025-01-31 | $29.31M |
| 2024-10-31 | $29.98M |
| 2024-07-31 | $70.73M |
| 2024-04-30 | $69.80M |
| 2024-01-31 | $71.84M |
| 2023-10-31 | $76.79M |
| 2023-07-31 | $92.94M |
| 2023-04-28 | $99.98M |
| 2023-01-31 | $109.46M |
| 2022-10-31 | $118.42M |
| 2022-07-29 | $161.76M |
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.