Fact sheet: Legg Mason IFBrwiGlInOp

Fund information
Fund name
Legg Mason IF Brandywine Global Income Optimiser X Inc
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund managers
  • Brian L Klosssince 19/12/2011
  • Gerhardt (Gary) P Herbertsince 19/12/2011
  • Regina Borromeosince 19/12/2011
Fund objective
To generate high income in all market conditions over a rolling 3 – 5 year period. While the Fund’s priority is to generate income, it will also seek to preserve capital.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
10.1%
1 Year rank in sector
4/77
Sector
UT Sterling Strategic Bond
Yield
6.2%
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.
0.85%
Fund size
£32m (£71m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
33
Mid price
106.7
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc12.8%
Fidelity I Stg Cr + Bd11.2%
Fidelity UK Inv Grd Lg Cr10.4%
Legg Mason IFBrwiGlInOp10.1%
AXA Framlington Mgd Inc9.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • USA62.6%
    Luxembourg7.4%
    UK5.1%
    Netherlands4.6%
    Brazil4.3%
  • Corporate Bonds78.4%
    Government Bonds17.5%
    Money Market6.6%
    Banks3.6%
    Derivatives0.2%
  • US Fixed Interest62.6%
    Luxembourg Fixed Interest7.4%
    UK Fixed Interest6.7%
    American Emerging Fixed Interest5.8%
    Dutch Fixed Interest4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1.9%3.9%10.1%10.7%-
Sector-0.8%-2.8%2.5%5.2%13.2%31.8%
Rank within sector44 / 8332 / 8211 / 824 / 7751 / 71-
Quartile3rd2nd1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.2%-3.6%2.6%3.4%17.2%
Sector6.2%-0.3%6.8%2.6%12.6%
Rank within sector4 / 7771 / 7466 / 7233 / 6421 / 61
Quartile1st4th4th3rd2nd
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.
-0.76
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.
1.01
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.
-0
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%.
4.64
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.
3.14
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.
-0.25
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.
0.54
Price movement
52 week high111.8
52 week low99.45
Current bid price-
Current offer price-
Current mid price106.7
Region
1USA62.56%
2Luxembourg7.41%
3UK5.14%
4Netherlands4.55%
5Brazil4.28%
6Jamaica3.88%
7Austria3.69%
8Ireland2.29%
9Argentina1.93%
Industry sector
1Corporate Bonds78.37%
2Government Bonds17.47%
3Money Market6.61%
4Banks3.58%
5Derivatives0.2%
6Foreign Exchange-6.23%
Asset type
1US Fixed Interest62.56%
2Luxembourg Fixed Interest7.41%
3UK Fixed Interest6.74%
4American Emerging Fixed Interest5.81%
5Dutch Fixed Interest4.55%
6Brazilian Fixed Interest4.28%
7Austrian Fixed Interest3.69%
8Irish Fixed Interest2.29%
9Indonesian Fixed Interest1.61%
Individual holdings
1TREASURY 5% GILT 20256.95%
2TREASURY 3.5% GILT 22/01/45 GBP5.34%
3AUSTRALIA(COMMONWEALTH OF) 2.75% BDS 21/04/24 AUD10003.76%
4BANC OF AMERICA COMMERCIAL MORTGAGE TRUST 5.543 20493.07%
5CANADA(GOVT OF) 2.25% BDS 01/06/25 CAD10003.05%
6UNITED STATES OF AMER TREAS BONDS 3% NTS 15/05/45 USD10002.81%
7TREASURY 2% GILT 07/09/25 GBP0.012.8%
8WACHOVIA BANK COMMERCIAL MORTG 6.048 20452.42%
9NEW ZEALAND(GOVERNMENT OF) 6% BDS 15/12/17 NZD100002.41%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
To generate high income in all market conditions over a rolling 3 – 5 year period. While the Fund’s priority is to generate income, it will also seek to preserve capital.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Brian L Kloss19/12/2011Brian 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).
Gerhardt (Gary) P Herbert19/12/2011Gary 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 Borromeo19/12/2011Regina 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).
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF Brandywine Global Income Optimiser A Inc
Initial charge-
Annual charge0.8%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGGOT
Legg Mason IF Brandywine Global Income Optimiser B Inc
Initial charge-
Annual charge0.8%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGGOU
Legg Mason IF Brandywine Global Income Optimiser X Acc
Initial charge-
Annual charge0.65%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKMQZ
Legg Mason IF Brandywine Global Income Optimiser X Inc
Initial charge-
Annual charge0.65%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.7
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGGOS
Data provided by

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