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Name

As of 06/02/2026

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 - Multi-Sector Opportunities Fund

LBARX | Fund

$10.96

$52.4 M

0.00%

1.59%

Vitals

YTD Return

1.0%

1 yr return

3.5%

3 Yr Avg Return

3.2%

5 Yr Avg Return

0.7%

Net Assets

$52.4 M

Holdings in Top 10

30.1%

52 WEEK LOW AND HIGH

$11.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 79.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

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 - Multi-Sector Opportunities Fund

LBARX | Fund

$10.96

$52.4 M

0.00%

1.59%

LBARX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    BrandywineGLOBAL - Multi-Sector Opportunities Fund
  • Fund Family Name
    FRANKLIN TEMPLETON
  • Inception Date
    Oct 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jack McIntyre

Fund Description

Under normal market conditions, the fund seeks to achieve its investment objective by investing in fixed income securities or other instruments with similar economic characteristics. The subadviser has broad discretion to invest in multiple types of fixed income securities including, but not limited to, corporate debt, high yield debt, bank loans or loan participation interests, mortgage-backed securities, asset-backed securities, and convertible securities.
Although the fund may invest in securities of any maturity, the fund normally expects to maintain a dollar-weighted average effective duration, as estimated by the subadviser, of less than 3 years. Effective duration seeks to measure the expected sensitivity of market price to changes in interest rates, taking into account the anticipated effects of particular features of a security (for example, some bonds can be prepaid by the issuer).
The fund typically invests at least 50% of its net assets in investment grade debt securities. The fund may invest in below-investment grade securities, that are commonly referred to as “junk bonds,” “high yield bonds,” or “non-investment grade bonds”. The fund may invest in securities rated, at the time of purchase, as low as B- by at least one nationally recognized statistical ratings organization (“NRSRO”) or, if unrated, deemed by the subadviser to be of comparable quality. Under normal circumstances, the fund expects the minimum average credit quality of its portfolio to be BBB- (or the equivalent) or higher. The fund may not invest more than 20% of its net assets in unrated securities.
While the fund expects to invest primarily in securities of U.S. issuers that are denominated in U.S. dollars, it may invest up to 20% of its net assets in securities of non-U.S. issuers, which may be denominated in foreign currencies.
Instead of, and/or in addition to, investing directly in particular securities, the fund may use instruments such as derivatives, including options, forwards, interest rate swaps and other swaps (including buying and selling credit default swaps and options on credit default swaps), foreign currency futures, forwards and options, and futures contracts, and other synthetic instruments that are intended to provide economic exposure to the securities or the issuer or to be used as a hedging technique. The fund may use one or more types of these instruments without limit, subject to applicable regulatory requirements. For additional information regarding derivatives, see “More on the fund’s investment strategies, investments and risks – Derivatives” in the Prospectus.
The fund may also engage in a variety of transactions using derivatives in order to change the investment characteristics of its portfolio (such as shortening or lengthening duration) and for other purposes.
The fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
Read More

LBARX - Performance

Return Ranking - Trailing

Period LBARX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -7.0% 6.4% 62.98%
1 Yr 3.5% -11.7% 19.2% 94.39%
3 Yr 3.2%* -6.0% 14.9% 96.79%
5 Yr 0.7%* -8.0% 12.2% 91.26%
10 Yr 2.0%* -1.0% 11.3% 88.64%

* Annualized

Return Ranking - Calendar

Period LBARX Return Category Return Low Category Return High Rank in Category (%)
2025 4.8% -21.9% 12.9% 7.19%
2024 -8.0% -17.6% 5.4% 97.28%
2023 0.3% -12.0% 8.9% 80.83%
2022 -6.0% -31.8% 18.4% 11.80%
2021 -3.0% -16.2% 25.7% 77.25%

Total Return Ranking - Trailing

Period LBARX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -7.0% 6.4% 62.98%
1 Yr 3.5% -11.7% 19.2% 94.39%
3 Yr 3.2%* -6.0% 14.9% 96.79%
5 Yr 0.7%* -8.0% 12.2% 91.26%
10 Yr 2.0%* -1.0% 11.3% 88.64%

* Annualized

Total Return Ranking - Calendar

Period LBARX Return Category Return Low Category Return High Rank in Category (%)
2025 10.3% -9.2% 20.9% 14.06%
2024 -2.4% -11.7% 18.6% 98.24%
2023 3.1% -6.5% 22.2% 93.29%
2022 -5.2% -23.0% 21.1% 26.39%
2021 -1.5% -7.8% 49.9% 91.68%

NAV & Total Return History

LBARX - Holdings

Concentration Analysis

LBARX Category Low Category High LBARX % Rank
Net Assets 52.4 M 2.65 M 226 B 89.31%
Number of Holdings 110 4 10796 83.55%
Net Assets in Top 10 16.1 M -204 M 91.6 B 90.65%
Weighting of Top 10 30.07% 5.1% 105.1% 38.37%

Top 10 Holdings

  1. Western Asset Premier Institutional US Treasury Reserves 4.88%
  2. Freddie Mac REMICS 3.48%
  3. Freddie Mac STACR REMIC Trust 2023-DNA2 3.09%
  4. Fannie Mae Interest Strip 3.09%
  5. Citigroup Inc 2.96%
  6. Zayo Issuer LLC 2.65%
  7. Freddie Mac STACR REMIC Trust 2022-HQA3 2.56%
  8. Freddie Mac STACR REMIC Trust 2022-HQA2 2.54%
  9. Connecticut Avenue Securities Trust 2022-R09 2.49%
  10. Connecticut Avenue Securities Trust 2023-R03 2.32%

Asset Allocation

Weighting Return Low Return High LBARX % Rank
Bonds 		67.53% -5.04% 180.51% 78.87%
Other 		32.21% -37.46% 104.06% 6.13%
Convertible Bonds 		7.49% 0.00% 33.50% 6.14%
Cash 		4.87% -94.66% 98.41% 42.90%
Stocks 		0.00% -7.68% 100.00% 80.97%
Preferred Stocks 		0.00% 0.00% 12.59% 61.61%

Bond Sector Breakdown

Weighting Return Low Return High LBARX % Rank
Government 		17.20% 0.00% 99.43% 38.33%
Corporate 		6.37% 0.00% 96.66% 86.67%
Cash & Equivalents 		4.87% 0.00% 98.41% 37.70%
Securitized 		1.77% 0.00% 99.65% 87.17%
Derivative 		0.00% -29.08% 11.34% 43.53%
Municipal 		0.00% 0.00% 54.26% 50.67%

Bond Geographic Breakdown

Weighting Return Low Return High LBARX % Rank
US 		67.53% -5.04% 162.24% 66.29%
Non US 		0.00% 0.00% 67.48% 76.45%

LBARX - Expenses

Operational Fees

LBARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.14% 9.86% 34.57%
Management Fee 0.60% 0.00% 2.29% 49.36%
12b-1 Fee 0.50% 0.00% 1.00% 61.96%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

LBARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

LBARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

LBARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 79.00% 0.00% 632.00% 50.20%

LBARX - Distributions

Dividend Yield Analysis

LBARX Category Low Category High LBARX % Rank
Dividend Yield 0.00% 0.00% 23.30% 79.90%

Dividend Distribution Analysis

LBARX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

LBARX Category Low Category High LBARX % Rank
Net Income Ratio 1.39% -1.55% 11.51% 87.54%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LBARX - Fund Manager Analysis

Managers

Jack McIntyre

Start Date

Tenure

Tenure Rank

Feb 28, 2011

11.26

11.3%

John(Jack) P. McIntyre, CFA is Associate Portfolio Manager/Senior Research Analyst and is responsible for research and market insight. Mr. McIntyre has been employed at Brandywine Global since 1998. Previously, he held positions as market strategist with McCarthy, Crisanti & Maffei, Inc. (1995-1998); senior fixed income analyst with Technical Data (1992-1995); quantitative associate with Brown Brothers Harriman & Co. (1990), and investment analyst with the Public Employee Retirement Administration of Massachusetts (1987-1989).

David Hoffman

Start Date

Tenure

Tenure Rank

Feb 28, 2011

11.26

11.3%

David 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).

Anujeet Sareen

Start Date

Tenure

Tenure Rank

Jan 31, 2017

5.33

5.3%

Anujeet Sareen is a portfolio manager for the Firm’s Global Fixed Income and related strategies. Prior to joining the Firm in 2016, Anujeet was a managing director of global fixed income and a global macro strategist, as well as chair of the Currency Strategy Group at Wellington Management in Boston. Over his 22-year career at Wellington (1994-2016), he held a variety of roles while cultivating extensive fixed income and currency management experience. Anujeet is a CFA® charterholder and earned a B.A. in Computer Science from Brown University.

Tracy Chen

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Tracy Chen, CFA®, CAIA is a portfolio manager and head of Structured Credit for Brandywine Global. She joined the firm in August 2008. Prior to joining Brandywine Global, she was with UBS Investment Bank as director of the fixed income valuation group (2006-2008), GMAC Mortgage Group as a mortgage pricing analyst (2003-2006), Deloitte Consulting as a senior corporate strategy consultant (2001-2003), and J&A Securities Ltd. in Shenzhen, China, as an international corporate finance associate (1995-1999).

Brian Kloss

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Brian L. Kloss, JD, CPA, is a portfolio manager and head of high yield for Brandywine Global. Brian joined Brandywine Global in December 2009。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).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.19 5.66 3.19

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