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LM Brandywine Glb Opp Fixed Inc Fd P Dis (M) (AH)£

Ranked 1 out of 113 in - Global over 12 months
All calculations are in GBP

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 Funds 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.

Performance

Global over : 30/11/2013 - 30/11/2014
  • Rank 1/113 Total Return
  • Rank 80/113 Standard Deviation
  • Rank 27/113 Max Drawdown
Fund Name Return
1 LM Brandywine Glb Opp Fixed Inc Fd P Dis (M) (AH)£

Currency exposure is hedged

Currency exposure is hedged

16.0%

2 Amundi Oblig Internationales GBP I

13.9%

3 Carmignac Pfl Global Bond F GBP acc Hdg

Currency exposure is hedged

Currency exposure is hedged

13.2%

4 LM Brandywine Glo Fxd Inc Fd A Dis (S) (AH)£

Currency exposure is hedged

Currency exposure is hedged

12.9%

5 Ruffer Sicav-Ruffer Fixed Income-C-GBP-Dist

11.1%

Fund Name Risk
79 Baring International Bond A GBP Inc

1.2

80 LM Brandywine Glb Opp Fixed Inc Fd P Dis (M) (AH)£

Currency exposure is hedged

Currency exposure is hedged

1.2

81 Smith & Williamson Gbl Gov Bond A GBP Inc

1.2

82 Capital Group Global Bond (LUX) A GBP

1.2

82 PIMCO GIS Diversified Income Inst GBP Hdg Inc

Currency exposure is hedged

Currency exposure is hedged

1.2

Fund Name Loss
25 City Financial Defensive Global Bond C Inc

-0.5%

25 Royal London International Government Bond B Inc

-0.5%

27 JPM Diversified Fixed Income GBP C Inc

-0.5%

27 LM Brandywine Glb Opp Fixed Inc Fd P Dis (M) (AH)£

Currency exposure is hedged

Currency exposure is hedged

-0.5%

29 SEI SGMF Global Fixed Income Hdgd GBP Inst H

Currency exposure is hedged

Currency exposure is hedged

-0.5%

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 3.4% 3.7% 3.4%
2013 0.0% 3.3% -2.2% -1.8% 0.8%
2012 3.5% 5.5%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. France
  3. Germany
  4. Ireland
  5. Luxembourg
  6. Netherlands
  7. Singapore
  8. Switzerland
  9. Taiwan
  10. United Kingdom

Fund Info

  • Launch date26/04/2012
  • Share Class size13Mn
  • Base currencyGBP
  • ISIN IE00B3TGMB49
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment15Mn
  • Min. additional investment0

Charges

  • Annual management0.6%
  • Initial investment0

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