Brandywine Global Alternative Credit (S:0P0000TE07)
26.16
+0.39
(+1.51%)
USD |
Mar 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | Upgrade |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| Construction of the Portfolio combines the Global Fixed Income team's macroeconomic strategy with the quantitative and fundamental sector and security selection analysis of the Global Credit team. Yield, option-adjusted spread and expected total return adjusted for default probability are our primary measures of value. Thus, investments are typically concentrated in sectors and individual issuers deemed to offer the best total return potential. 053115 |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Small Cap/Value |
| Fixed Income Style | Low Quality/Limited Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Brandywine Global Investment Mgmt, LLC |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Brian Kloss | 13.67 yrs |
| Tracy Chen | 13.67 yrs |
Annual Total Returns Versus Peers
As of March 31, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Connecticut Avenue Securities Trust 2019-R06 9.18%
|
3.81% | -- | -- |
|
Connecticut Avenue Securities Trust 2019-R04 10.68%
|
3.64% | -- | -- |
|
CONNECTICUT AVENUE SECURITIES TRUST 8.43%
|
3.37% | -- | -- |
|
Wells Fargo Commercial Mortgage Trust 3%
|
3.29% | -- | -- |
|
Federal Home Loan Mortgage Corp. 9.32%
|
2.89% | -- | -- |
|
CONNECTICUT AVENUE SECURITIES TRUST 2022-R02 9.82%
|
2.81% | -- | -- |
|
Federal National Mortgage Association 9.53%
|
2.72% | -- | -- |
|
Federal National Mortgage Association 9.53%
|
2.35% | -- | -- |
|
Mexico (United Mexican States) 7.5%
|
2.01% | -- | -- |
|
Ministerio de Hacienda y Credito Publico 7.25%
|
1.90% | -- | -- |
Fees & Availability
| Fees | |
| Negotiable Fee |
|
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| Construction of the Portfolio combines the Global Fixed Income team's macroeconomic strategy with the quantitative and fundamental sector and security selection analysis of the Global Credit team. Yield, option-adjusted spread and expected total return adjusted for default probability are our primary measures of value. Thus, investments are typically concentrated in sectors and individual issuers deemed to offer the best total return potential. 053115 |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | Small Cap/Value |
| Fixed Income Style | Low Quality/Limited Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Brandywine Global Investment Mgmt, LLC |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Brian Kloss | 13.67 yrs |
| Tracy Chen | 13.67 yrs |
Fundamentals
Fund Details
| Key Dates | |
| Inception Date | 8/31/2010 |
| Last Annual Report Date | 12/31/2023 |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |