Fact sheet: LM Brdywn Gbl HiYld

Fund information
Fund name
Legg Mason Brandywine Global High Yield A Inc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund managers
  • Gerhardt (Gary) P Herbertsince 30/11/2012
  • Regina Borromeosince 30/11/2012
  • Brian L Klosssince 30/11/2012
Fund objective
The Fund's primary investment objective is to generate high levels of income. The generation of capital gains is a secondary objective.
Benchmark
  • Bloomberg Barclays Global High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Global High Yield
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.
1.55%
Fund size
£18m (£18m last year)
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld30.2%
Natixis LoomsSyles HInc23.4%
T. Rowe Price GblHghIncBd13.6%
Franklin High Yield12.6%
Nomura Gbl Hgh Yld Bd12.5%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA56.8%
    Money Market8.1%
    Netherlands6%
    UK5.8%
    Luxembourg5.2%
  • B50.3%
    BB31.5%
    CCC8.4%
    Money Market5.5%
    BBB2.7%
  • US Fixed Interest56.8%
    Money Market8.1%
    American Emerging Fixed Interest7.8%
    UK Fixed Interest6.7%
    Dutch Fixed Interest6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%-0.7%----
Sector0.3%0.8%4.9%9.1%9.8%33.4%
Rank within sector62 / 8370 / 79----
Quartile3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector10.5%-2.5%1.4%5.2%15.5%
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 high102.13
52 week low96.74
Current bid price-
Current offer price-
Current mid price99.91
Region
1USA56.8%
2Money Market8.05%
3Netherlands6%
4UK5.75%
5Luxembourg5.19%
6Brazil2.95%
7Canada2.94%
8Argentina2.8%
9Jamaica2.75%
Industry sector
1B50.27%
2BB31.53%
3CCC8.39%
4Money Market5.53%
5BBB2.68%
6Non-Rated1.6%
Asset type
1US Fixed Interest56.8%
2Money Market8.05%
3American Emerging Fixed Interest7.77%
4UK Fixed Interest6.67%
5Dutch Fixed Interest6%
6Luxembourg Fixed Interest5.19%
7Brazilian Fixed Interest2.95%
8Canadian Fixed Interest2.94%
9Austrian Fixed Interest1.29%
Individual holdings
1TREASURY 5% GILT 20253.11%
2DIGICEL LIMITED 8.25% BDS 30/09/20 USD1000 144A2.85%
3DISH DBS CORP 5% SNR NTS 15/03/23 USD10002.65%
4CLEAR CHANNEL WORLDWIDE HLDGS INC 6.5% BDS 15/11/22 USD1000 A 144A2.09%
5HCA INC 5% BDS 15/03/24 USD20002.04%
6DUPONT FABROS TECHNOLOGY 5.875% BDS 15/09/21 USD1000REG S2.01%
7T-MOBILE USA INC. 6.50% 20241.91%
8DAVITA INC 5.75% BDS 15/08/22 USD1001.89%
9TELECOM ITALIA CAPITAL 6.375% BDS 15/11/33 USD10001.87%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund's primary investment objective is to generate high levels of income. The generation of capital gains is a secondary objective.
Benchmark
  • Bloomberg Barclays Global High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Gerhardt (Gary) P Herbert30/11/2012Gary joined Brandywine Global in March 2010, bringing with him over 20 years of High Yield experience. Previously, Gary was Managing Director, Portfolio Manager with Guggenheim Partners, LLC (2009-2010); Managing Director, Portfolio Manager with Dreman Value Management, LLC (2007-2009); Executive Director, Portfolio Manager (1999-2007) and Associate (1994-1998) with Morgan Stanley Investment Management; Analyst with Aronson + Fogler Investments (1994), and Senior Analyst with SEI Investments (1992-1994).
Regina Borromeo30/11/2012Regina joined Brandywine in December 2010, bringing with her over 13 years of investing experience. Previously, she was a Vice President - Portfolio Manager and Senior Credit Analyst, Global Fixed Income with Morgan Stanley Investment Management PLC in London (2007-2010) and held various Fixed Income Analyst positions with Morgan Stanley Investment Management in Philadelphia (2001-2007).
Brian L Kloss30/11/2012Brian joined Brandywine Global in December 2009, bringing with him over 15 years of High Yield and distressed debt experience. Previously, Brian was co-portfolio manager at Dreman Value Management, LLC (2007-2009); High Yield analyst/trader at Gartmore Global Investments (2002-2007); High Yield and equity portfolio manager and general analyst at Penn Capital Management, Ltd. (2000-2002); an analyst with The Concord Advisory Group, Ltd. (1998-2000); and an international tax consultant with Deloitte & Touche LLP (1995-1998).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Legg Mason Brandywine Global High Yield A Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.91
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNBZM
Legg Mason Brandywine Global High Yield F Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.9
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNBZN
Legg Mason Brandywine Global High Yield LM Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.97
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDMG
Legg Mason Brandywine Global High Yield Premier Acc USD
Initial charge-
Annual charge0.55%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.14
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI2DH
Legg Mason Brandywine Global High Yield Premier Hedged Acc EUR
Initial charge-
Annual charge0.55%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.83
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI2DF
Legg Mason Brandywine Global High Yield Premier Hedged Acc GBP
Initial charge-
Annual charge0.55%
Min single investment£15,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.74
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI2DG
Legg Mason Brandywine Global High Yield S Hedged Acc CAD
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.95
CurrencyCAD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMZZY
Data provided by

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