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Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BrandywineGLOBAL - CORPORATE CREDIT FUND

BGISX | Fund

$10.40

$1.77 B

7.16%

$0.74

0.50%

Vitals

YTD Return

2.1%

1 yr return

11.6%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.77 B

Holdings in Top 10

28.7%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 145.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BrandywineGLOBAL - CORPORATE CREDIT FUND

BGISX | Fund

$10.40

$1.77 B

7.16%

$0.74

0.50%

BGISX - Profile

Distributions

  • YTD Total Return 2.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.49%
DIVIDENDS
  • Dividend Yield 7.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BrandywineGLOBAL - CORPORATE CREDIT FUND
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Dec 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bill Zox

Fund Description

Under normal market conditions, the fund intends to provide exposure to corporate debt securities by investing at least 80% of its net assets in a diversified portfolio of corporate debt securities including those rated investment grade, below investment grade, or are unrated. Below investment grade securities are 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. These investments are also known as “junk bonds,” “high yield bonds,” and “non‑investment grade bonds”. Such securities may be public or privately placed U.S. dollar denominated debt securities issued by U.S. and non‑U.S. companies (which may include companies in emerging markets) of any size, which the subadviser believes represent an attractive investment opportunity.
Investments in non‑U.S. obligations or securities will not exceed 25% of the net assets of the fund.
Under normal circumstances, the fund will maintain a dollar-weighted effective duration of less than five years, although it may invest in individual fixed income securities with effective durations in excess of five years. Effective duration seeks to measure the expected sensitivity of market prices to changes in interest rates.
In addition to corporate bonds, the fund may invest in other securities such as trust preferred securities, convertible securities, preferred stock, equity securities, U.S. Government and Agency securities, and mortgage or asset-backed securities.
The fund will not typically invest more than 10% of its assets in securities rated at or below Caa1 by Moody’s, CCC+ by Standard & Poor’s and CCC+ by Fitch at time of purchase.
In selecting securities for the fund, the subadviser performs a risk/reward analysis that includes an evaluation of credit risk, interest rate risk, and the legal and technical structure of the security. The subadviser will attempt to take advantage of inefficiencies that it believes exist in the fixed-income markets by purchasing securities at prices below the subadviser’s estimate of their fair value with the goal of selling securities as they approach or exceed the subadviser’s estimate of their fair value. The subadviser seeks to invest in securities that the subadviser expects to offer attractive prospects for current income and/or capital appreciation in relation to the risk borne.
  
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BGISX - Performance

Return Ranking - Trailing

Period BGISX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.6% 6.5% 7.38%
1 Yr 11.6% -8.2% 16.9% 3.46%
3 Yr N/A* -16.6% 20.0% 9.62%
5 Yr N/A* -12.2% 36.6% 3.71%
10 Yr N/A* -5.0% 19.3% 87.59%

* Annualized

Return Ranking - Calendar

Period BGISX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -4.7% 14.3% 18.91%
2022 -13.8% -33.4% 3.6% 23.50%
2021 N/A -8.4% 14.9% N/A
2020 N/A -13.9% 302.7% 6.87%
2019 N/A -4.4% 13.3% 11.07%

Total Return Ranking - Trailing

Period BGISX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.1% -7.6% 6.5% 7.38%
1 Yr 11.6% -8.2% 16.9% 3.46%
3 Yr N/A* -16.6% 20.0% 10.66%
5 Yr N/A* -12.2% 36.6% 5.46%
10 Yr N/A* -5.0% 19.3% 91.11%

* Annualized

Total Return Ranking - Calendar

Period BGISX Return Category Return Low Category Return High Rank in Category (%)
2023 14.4% -4.7% 18.2% 7.50%
2022 -8.1% -33.4% 47.8% 17.51%
2021 N/A -8.4% 24.8% N/A
2020 N/A -9.6% 325.6% 23.79%
2019 N/A 0.9% 21.5% 29.11%

NAV & Total Return History

BGISX - Holdings

Concentration Analysis

BGISX Category Low Category High BGISX % Rank
Net Assets 1.77 B 1.45 M 23.6 B 29.17%
Number of Holdings 165 2 2736 79.07%
Net Assets in Top 10 473 M -492 M 4.45 B 13.95%
Weighting of Top 10 28.72% 4.2% 146.9% 8.37%

Top 10 Holdings

  1. Western Asset Premier Institutional US Treasury Reserves 11.21%
  2. Magnolia Oil Gas Operating LLC / Magnolia Oil Gas Finance Corp 2.52%
  3. Vector Group Ltd 2.29%
  4. United Wholesale Mortgage LLC 2.28%
  5. Valvoline Inc 2.02%
  6. Mativ Holdings Inc 1.82%
  7. Burford Capital Global Finance LLC 1.73%
  8. Allwyn Entertainment Financing UK PLC 1.67%
  9. Affinity Interactive 1.62%
  10. Viking Cruises Ltd 1.57%

Asset Allocation

Weighting Return Low Return High BGISX % Rank
Bonds 		88.40% -3.13% 154.38% 85.34%
Cash 		11.60% -52.00% 48.07% 6.82%
Convertible Bonds 		3.99% 0.00% 17.89% 7.13%
Stocks 		0.00% 0.00% 99.54% 98.15%
Preferred Stocks 		0.00% 0.00% 7.88% 97.21%
Other 		0.00% -63.70% 102.57% 82.02%

Bond Sector Breakdown

Weighting Return Low Return High BGISX % Rank
Corporate 		89.49% 0.00% 129.69% 81.37%
Cash & Equivalents 		11.21% 0.00% 48.07% 7.75%
Securitized 		0.40% 0.00% 97.24% 28.42%
Derivative 		0.00% -15.04% 42.26% 81.40%
Municipal 		0.00% 0.00% 4.66% 94.72%
Government 		0.00% 0.00% 99.07% 95.96%

Bond Geographic Breakdown

Weighting Return Low Return High BGISX % Rank
US 		88.40% -3.13% 129.21% 70.70%
Non US 		0.00% 0.00% 98.19% 95.66%

BGISX - Expenses

Operational Fees

BGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.04% 31.61% 91.78%
Management Fee 0.45% 0.00% 1.84% 19.17%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 25.00%

Sales Fees

BGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BGISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 145.00% 1.00% 255.00% 97.45%

BGISX - Distributions

Dividend Yield Analysis

BGISX Category Low Category High BGISX % Rank
Dividend Yield 7.16% 0.00% 11.76% 21.11%

Dividend Distribution Analysis

BGISX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

BGISX Category Low Category High BGISX % Rank
Net Income Ratio 4.49% -2.39% 14.30% 44.32%

Capital Gain Distribution Analysis

BGISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BGISX - Fund Manager Analysis

Managers

Bill Zox

Start Date

Tenure

Tenure Rank

Apr 30, 2006

16.1

16.1%

Mr. Zox is a Portfolio Manager and has been employed by Brandywine Global since 2021. Previously, he served as Portfolio Manager for Diamond Hill Capital Management (2001-2021); a Tax Partner at Schottenstein, Zox & Dunn, Co., LPA (2000-2001), and an Associate at Schottenstein, Zox & Dunn, Co. (1993-1999). He earned a B.A. in Political Science from Williams College, a J.D. from The Ohio State University (with honors), and a Master of Law in Taxation from University of Florida College of Law.

John McClain

Start Date

Tenure

Tenure Rank

Feb 28, 2015

7.26

7.3%

John serves as a Portfolio Manager for Diamond Hill Capital Management and joined the firm in 2014. Prior to joining Diamond Hill, John was Senior Vice President – Credit at Standard Life Investments from 2010 to 2014. From 2007 to 2010, he was at Nationwide Mutual Insurance as a Management Associate in the Financial Leadership Rotation Program and then an Investment Analyst in Distressed Debt. John has a Bachelor of Science in Business Economics from University of Kentucky (magna cum laude) and a Master of Business Administration from Carnegie Mellon University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17

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