Fact sheet: LM BdywnGlSvrnCr

Fund information
Fund name
Legg Mason Brandywine Global Sovereign Credit A Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund managers
  • David F Hoffmansince 09/05/2012
  • Steven Smithsince 09/05/2012
Fund objective
The Fund seeks to maximise total return consisting of income and capital appreciation by investing at least two-thirds of its Net Asset Value in debt securities that are issued or guaranteed by national governments, their agencies or other government entities and that are listed or traded on Regulated Markets located anywhere in the world, including Emerging Market Countries.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Global
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.86%
Fund size
£2,428m (£2,428m last year)
Top in this sector
Fund name1 Year
Capital Group GHIOL33.6%
Dodge & Cox Global Bond25.9%
HSBC GIF Gbl AsBk Bd24.3%
Morg Stnly Gbl Mrtg Securts23.8%
Russell Gbl Bd22.8%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.6%-9.7%----
Sector-1.8%-2.2%0.6%3.2%5.9%13.5%
Rank within sector314 / 315312 / 312----
Quartile4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high101.4
52 week low90.09
Current bid price-
Current offer price-
Current mid price91.91
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund seeks to maximise total return consisting of income and capital appreciation by investing at least two-thirds of its Net Asset Value in debt securities that are issued or guaranteed by national governments, their agencies or other government entities and that are listed or traded on Regulated Markets located anywhere in the world, including Emerging Market Countries.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David F Hoffman09/05/2012David is co-lead portfolio manager for the Firm's Global Fixed Income and related strategies. He joined the Firm in 1995. Previously, David was president of Hoffman Capital, a global financial futures investment firm (1991-1995); head of fixed income investments at Columbus Circle Investors (1983-1990); senior vice president and portfolio manager at INA Capital Management (1979-1982), and fixed income portfolio manager at Provident National Bank (1975-1979). David is a CFA charterholder and earned a B.A. in Art History from Williams College. He is a member of the Firm's Executive Board, currently serving as the Board's chair.
Steven Smith09/05/2012
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, United Kingdom, Ireland, Netherlands, Offshore, Singapore
Legg Mason Brandywine Global Sovereign Credit A Acc USD
Initial charge5%
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.91
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNE1A
Legg Mason Brandywine Global Sovereign Credit BW Premier (Hedged) (AH) Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.51
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNBCK
Legg Mason Brandywine Global Sovereign Credit BW Premier (Hedged) (AH) Acc GBP
Initial charge-
Annual charge0.35%
Min single investment£15,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.73
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTKG
Legg Mason Brandywine Global Sovereign Credit BW Premier (S) (Hedged) (AH) Dis GBP
Initial charge-
Annual charge0.35%
Min single investment£15,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.17
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG5OH
Legg Mason Brandywine Global Sovereign Credit BW Premier Acc USD
Initial charge-
Annual charge0.35%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.21
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGTKH
Legg Mason Brandywine Global Sovereign Credit Premier Acc USD
Initial charge-
Annual charge-
Min single investment£30,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.15
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNE1B
Legg Mason Brandywine Global Sovereign Credit X Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price93.7
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNAOW
Data provided by

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