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BrandywineGLOBAL - Global Opportunities Bond Fund
GOBIX (Mutual Fund)
BrandywineGLOBAL - Global Opportunities Bond Fund
Name
As of 12/10/2024Price
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 - Global Opportunities Bond Fund
GOBIX | Fund
$8.57
$1.93 B
24347393689.10%
$2,098,745,336.00
0.67%
Vitals
YTD Return
5365986646.9%
1 yr return
5701360818.6%
3 Yr Avg Return
36359.9%
5 Yr Avg Return
3398.7%
Net Assets
$1.93 B
Holdings in Top 10
60.5%
52 WEEK LOW AND HIGH
$8.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 51.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
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 - Global Opportunities Bond Fund
GOBIX | Fund
$8.57
$1.93 B
24347393689.10%
$2,098,745,336.00
0.67%
GOBIX - Profile
Distributions
- YTD Total Return 5365986646.9%
- 3 Yr Annualized Total Return 36359.9%
- 5 Yr Annualized Total Return 3398.7%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.05%
- Dividend Yield 24347393689.1%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBrandywineGLOBAL - Global Opportunities Bond Fund
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateApr 26, 2012
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Hoffman
Fund Description
Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities of issuers located in developed market countries. Any country that, at the time of purchase, has a sovereign debt rating of A‑ or better from at least one nationally recognized statistical ratings organization (“NRSRO”) or is included in the FTSE World Government Bond Index will be considered a developed country. The fund will invest in both investment grade and below investment grade fixed income securities, and intends to invest less than 35% of its net assets in below investment grade fixed income securities (commonly known as “high yield debt” or “junk bonds”). The portfolio managers intend to maintain an average weighted portfolio quality of A‑ or better, whether composed of rated securities or unrated securities deemed by the portfolio managers to be of comparable quality. The fund’s investments may include securities of sovereign governments and supranational organizations. The fund may invest up to 25% of its net assets in convertible debt securities.
The fund may invest in currency forwards in order to hedge its currency exposure in bond positions or to gain currency exposure. In addition, the fund may invest in bond futures, interest rate futures, swaps (including interest rate and total return swaps), credit default swaps (including buying and selling credit default swaps), and options. The fund may use derivatives to enhance total return, to hedge against fluctuations in securities prices, interest rates or currency exchange rates, to change the effective duration of its portfolio, to manage certain investment risks and/or as a substitute for the purchase or sale of securities or currencies. These investments may be significant at times. Although the portfolio managers have the
flexibility to use these instruments for hedging purposes, they may choose not to for a variety of reasons, even under very volatile market conditions. Derivative instruments are taken into account when determining compliance with the fund’s 80% investment policy.
The fund will normally hold a portfolio of fixed income securities of issuers located in a minimum of six countries.
Although the fund invests primarily in issuers in developed market countries as defined above, the fund may also invest in issuers in emerging market countries, and some of the countries that the fund considers to be developed may still have certain economic or other characteristics that are considered developing and are similar to emerging market countries.
The fund may invest in securities of any maturity. The weighted average effective duration of the fund’s portfolio, including derivatives, is expected to range from 1 to 10 years but for individual markets may be greater or lesser depending on the portfolio managers’ view of the prospects for lower interest rates and the potential for capital gains.
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.
GOBIX - Performance
Return Ranking - Trailing
| Period | GOBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5365986646.9% | -59.5% | 0.9% | 39.32% |
| 1 Yr | 5701360818.6% | -15.5% | 19.7% | 22.12% |
| 3 Yr | 36359.9%* | -4.3% | 4.2% | 4.48% |
| 5 Yr | 3398.7%* | -2.5% | 4.1% | 4.79% |
| 10 Yr | 497.7%* | -3.0% | 2.7% | 2.29% |
* Annualized
Return Ranking - Calendar
| Period | GOBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.2% | -15.2% | 0.9% | 36.50% |
| 2022 | -21.0% | -10.9% | 12.2% | 1.03% |
| 2021 | -7.4% | -10.8% | 14.8% | 7.81% |
| 2020 | 12.1% | -15.3% | 0.6% | 90.17% |
| 2019 | 7.5% | -44.4% | 14.4% | 28.83% |
Total Return Ranking - Trailing
| Period | GOBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5365986646.9% | -59.5% | 0.9% | 37.38% |
| 1 Yr | 5701360818.6% | -16.6% | 30.5% | 19.91% |
| 3 Yr | 36359.9%* | -5.2% | 10.9% | 7.25% |
| 5 Yr | 3398.7%* | -2.8% | 7.4% | 7.22% |
| 10 Yr | 497.7%* | -3.0% | 3.6% | 3.31% |
* Annualized
Total Return Ranking - Calendar
| Period | GOBIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.2% | -15.2% | 0.9% | 36.50% |
| 2022 | -15.8% | -10.9% | 12.2% | 1.03% |
| 2021 | -5.4% | -10.8% | 14.8% | 8.85% |
| 2020 | 12.5% | -15.3% | 3.8% | 83.82% |
| 2019 | 9.1% | -44.4% | 14.4% | 1.84% |
NAV & Total Return History
GOBIX - Holdings
Concentration Analysis
| GOBIX | Category Low | Category High | GOBIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.93 B | 74.5 K | 14.7 B | 21.57% |
| Number of Holdings | 60 | 4 | 4562 | 81.04% |
| Net Assets in Top 10 | 1.17 B | -112 M | 3.66 B | 13.27% |
| Weighting of Top 10 | 60.50% | 4.7% | 100.0% | 26.44% |
Top 10 Holdings
- United States Treasury Floating Rate Note 14.05%
- United States Treasury Floating Rate Note 12.03%
- United Kingdom Gilt 5.50%
- United Kingdom Gilt 5.18%
- Western Asset Premier Institutional US Treasury Reserves 5.13%
- United States Treasury Floating Rate Note 4.75%
- Mexican Bonos 4.42%
- United States Treasury Note/Bond 3.24%
- United States Treasury Note/Bond 3.22%
- United States Treasury Note/Bond 2.99%
Asset Allocation
| Weighting | Return Low | Return High | GOBIX % Rank | |
|---|---|---|---|---|
| Bonds | 93.71% | 0.00% | 220.33% | 32.70% |
| Cash | 5.13% | -130.07% | 95.62% | 84.83% |
| Convertible Bonds | 4.87% | 0.00% | 11.19% | 8.53% |
| Other | 1.24% | -9.71% | 100.00% | 40.28% |
| Stocks | 0.00% | 0.00% | 7.47% | 8.53% |
| Preferred Stocks | 0.00% | 0.00% | 2.87% | 39.81% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | GOBIX % Rank | |
|---|---|---|---|---|
| Government | 32.82% | 0.30% | 99.47% | 70.67% |
| Corporate | 8.33% | 0.00% | 98.62% | 77.88% |
| Cash & Equivalents | 5.13% | 0.00% | 95.62% | 94.23% |
| Derivative | 1.24% | 0.00% | 74.77% | 3.85% |
| Securitized | 0.50% | 0.00% | 52.02% | 74.04% |
| Municipal | 0.00% | 0.00% | 7.95% | 58.65% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | GOBIX % Rank | |
|---|---|---|---|---|
| US | 60.93% | -5.52% | 107.53% | 7.58% |
| Non US | 32.78% | 0.00% | 112.80% | 89.10% |
GOBIX - Expenses
Operational Fees
| GOBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.67% | 0.02% | 3.65% | 61.72% |
| Management Fee | 0.50% | 0.00% | 2.08% | 35.61% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| GOBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GOBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| GOBIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 51.00% | 6.00% | 354.00% | 26.04% |
GOBIX - Distributions
Dividend Yield Analysis
| GOBIX | Category Low | Category High | GOBIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 24347393689.10% | 0.00% | 17.40% | 7.11% |
Dividend Distribution Analysis
| GOBIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| GOBIX | Category Low | Category High | GOBIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.05% | -1.08% | 5.77% | 32.84% |
Capital Gain Distribution Analysis
| GOBIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 30, 2024 | $524,686,334.000 | OrdinaryDividend |
| Mar 28, 2024 | $0.045 | OrdinaryDividend |
| Dec 20, 2022 | $0.375 | OrdinaryDividend |
| Sep 30, 2022 | $0.120 | OrdinaryDividend |
| Jun 30, 2022 | $0.052 | OrdinaryDividend |
| Mar 31, 2022 | $0.027 | OrdinaryDividend |
| Dec 20, 2021 | $0.144 | OrdinaryDividend |
| Sep 30, 2021 | $0.015 | OrdinaryDividend |
| Jun 30, 2021 | $0.078 | OrdinaryDividend |
| Mar 31, 2021 | $0.005 | OrdinaryDividend |
| Mar 31, 2020 | $0.032 | ReturnOfCapital |
| Sep 30, 2019 | $0.027 | OrdinaryDividend |
| Jun 28, 2019 | $0.084 | OrdinaryDividend |
| Mar 29, 2019 | $0.040 | OrdinaryDividend |
| Dec 20, 2018 | $0.130 | OrdinaryDividend |
| Sep 27, 2018 | $0.090 | OrdinaryDividend |
| Jun 28, 2018 | $0.073 | OrdinaryDividend |
| Jun 28, 2018 | $0.006 | CapitalGainShortTerm |
| Jun 28, 2018 | $0.004 | CapitalGainLongTerm |
| Mar 28, 2018 | $0.075 | OrdinaryDividend |
| Dec 21, 2017 | $0.124 | OrdinaryDividend |
| Dec 21, 2017 | $0.123 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.136 | CapitalGainLongTerm |
| Sep 29, 2017 | $0.082 | OrdinaryDividend |
| Jun 30, 2017 | $0.033 | OrdinaryDividend |
| Mar 31, 2017 | $0.013 | OrdinaryDividend |
| Dec 22, 2016 | $0.149 | CapitalGainShortTerm |
| Dec 22, 2016 | $0.038 | CapitalGainLongTerm |
| Dec 22, 2015 | $0.054 | OrdinaryDividend |
| Jun 30, 2015 | $0.080 | OrdinaryDividend |
| Jun 24, 2015 | $0.034 | CapitalGainLongTerm |
| Mar 31, 2015 | $0.072 | OrdinaryDividend |
| Dec 23, 2014 | $0.247 | OrdinaryDividend |
| Dec 10, 2014 | $0.026 | CapitalGainLongTerm |
| Sep 30, 2014 | $0.086 | OrdinaryDividend |
| Jun 27, 2014 | $0.072 | OrdinaryDividend |
| Jun 18, 2013 | $0.028 | CapitalGainShortTerm |
| Jun 18, 2013 | $0.083 | CapitalGainLongTerm |
| Dec 12, 2012 | $0.038 | CapitalGainShortTerm |
| Dec 12, 2012 | $0.117 | CapitalGainLongTerm |
| Jun 19, 2012 | $0.015 | CapitalGainShortTerm |
| Jun 19, 2012 | $0.004 | CapitalGainLongTerm |
GOBIX - Fund Manager Analysis
Managers
David Hoffman
Start Date
Tenure
Tenure Rank
Nov 01, 2006
15.59
15.6%
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).
Jack McIntyre
Start Date
Tenure
Tenure Rank
Feb 22, 2012
10.28
10.3%
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).
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.
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).
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).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 28.31 | 6.8 | 3.67 |
