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Legg Mason Brandywine GlOpp FxdInc X GBP Dis M Hdg

Ranked 15 out of 105 in - Global over 12 months
All calculations are in GBP unless stated

Managed by

David F. Hoffman

David Hoffman started his career in 1979 at INA Capital Management. He then spent time working at Columbus Circle Investors and Hoffman Capital between 1983 and 1995 before joining Legg Mason in 1995. He is currently a managing director and lead portfolio manager on the Legg Mason Brandywine Global Fixed Income Fund. David is a CFA Charterholder.

Jack P. McIntyre

Originally from Jeffersonville, Indiana, Jack McIntyre graduated from the University of Massachusetts, the New York University and Stern Graduate Business School and holds an MBA in Finance and International Business. Also a CFA Charterholder, he currently manages global long-only and absolute return bond funds at Legg Mason. Based in Philadelphia, outside of work Jack enjoys golf and shooting.

Stephen Smith

Stephen Smith is an economics and business graduate of Xavier University in the US city of Cincinnati. He began his career at First Pennsylvania Bank, where he was vice president and fixed income portfolio manager. Prior to joining Provident Capital Management in 1984, Stephen founded Munsch and Smith Management. At Provident, he served as senior vice president overseeing taxable fixed income, similar to a role he subsequently held at Mitchell Hutchins. In 1991, Stephen joined Brandywine as managing director and portfolio manager. Here, he adopts an active, top-down, value investment style over his range of global bond funds. Stephen uses real yield and currencies as the firm’s primary measures of value. Other factors he takes into account include macroeconomic trends and political risks, and both cash and derivatives are used for efficient portfolio management.

Objective

The Fund seeks to maximise total return, consisting of capital appreciation and income, by investing at least two-thirds of its Net Asset Value in debt securities that are listed or traded anywhere in the world, including Emerging Market Countries. At least 65% of the Fund's Net Asset Value will be invested in debt securities with an Investment Grade credit quality rating. The manager follows a value approach to investing and will concentrate investments in undervalued markets that the manager believes will provide the best opportunity for declining interest rates and a return to lower real rates over time.

Showing fund performance in United Kingdom View performance globally

Performance

Global over : 30/09/2016 - 30/09/2017
  • Rank 15/105 Total Return
  • Rank 75/105 Standard Deviation
  • Rank 81/105 Max Drawdown
Fund Name Currency Return
13 Franklin Multi-Sector Credit Income I (acc) GBP-H1

Currency exposure is hedged

Currency exposure is hedged

GBP

4.8%

14 Argos Funds-Yield Opportunities C-GBP Dis GBP

4.7%

15 Legg Mason Brandywine GlOpp FxdInc X GBP Dis M Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

4.5%

16 BNY Mellon Global Opportunistic Bond I GBP Acc Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

4.5%

17 Barclays GlobalBeta Portfolio 1 AA GBP GBP

4.1%

Fund Name Currency Risk
73 Templeton Global Bond A (Mdis) GBP-H1

Currency exposure is hedged

Currency exposure is hedged

GBP

6.2

74 Marlborough Global Bond Inc GBP

6.4

75 Legg Mason Brandywine GlOpp FxdInc X GBP Dis M Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

7.5

76 GAM Star Dynamic Global Bond GBP Acc GBP

8.1

77 Goldman Sachs Glo Sovereign Bond Pf I Acc GBP PH

Currency exposure is hedged

Currency exposure is hedged

GBP

8.6

Fund Name Currency Loss
79 Morgan Stanley Global Bond AX GBP GBP

-6.5%

80 Invesco Bond C Acc GBP GBP

-6.6%

81 Legg Mason Brandywine GlOpp FxdInc X GBP Dis M Hdg

Currency exposure is hedged

Currency exposure is hedged

GBP

-6.8%

82 Templeton Global Total Return Bond W Acc

Currency exposure is hedged

Currency exposure is hedged

GBP

-6.8%

83 Russell Investments Global Bond I Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

-7.0%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 5.1% 3.8% 2.6%
2016 3.6% 8.2% 1.4% 1.1% -6.6%
2015 -8.9% -0.7% -3.4% -4.5% -0.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Ireland
  3. Singapore
  4. Switzerland
  5. United Kingdom

Fund Info

  • Launch date10/10/2014
  • Share Class size00Mn
  • Base currencyGBP
  • ISIN IE00B3TC2899
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment3Mn
  • Min. regular additional investment0

Charges

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).