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Legg Mason Brandywine Gl Fxd Inc Abs Ret A Acc USD

Ranked 2 out of 21 in - Absolute Return USD over 12 months
All calculations are in USD 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 generate positive returns that are independent of market cycles through capital appreciation and income by investing at least two thirds of its Total Asset Value in investment grade debt securities denominated in the currencies of, or issuers located primarily in developed countries around the world. The Sub-Investment Manager will concentrate investments in undervalued markets that provide the best opportunity for declining interest rates and a return to lower real rates over time.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Absolute Return USD over : 30/09/2016 - 30/09/2017
  • Rank 2/21 Total Return
  • Rank 19/21 Standard Deviation
  • Rank 17/21 Max Drawdown
Fund Name Currency Loss
15 Schroder ISF Asian Bond Abs Ret A Acc USD

-1.4%

16 Schroder ISF Global Unconstrained Bond A Acc USD

-2.1%

17 Legg Mason Brandywine Gl Fxd Inc Abs Ret A Acc USD USD

-2.2%

18 BlueBay Total Return Credit I EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

-2.6%

19 Schroder ISF Em Mkts Debt Abs Ret A Acc USD

-3.1%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 3.4% 2.6% 1.9%
2016 3.3% 2.9% 0.2% 0.3% -0.1%
2015 -5.8% 1.3% -1.6% -5.0% -0.4%
2014 4.2% 0.7% 1.3% 1.4% 0.7%
2013 0.8% 2.4% -0.8% -2.0% 1.2%
2012 3.2% 3.1%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Belgium
  2. Chile
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Greece
  8. Ireland
  9. Italy
  10. Luxembourg
  11. Norway
  12. Singapore
  13. Spain
  14. Sweden
  15. Switzerland
  16. United Kingdom

Fund Info

  • Launch date03/04/2012
  • Share Class size31Mn
  • Base currencyUSD
  • ISIN IE00B59BT671

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management1.35%
  • Initial investment5

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