Funds

Legg Mason Brandywine Global Opportunistic Fixed Income Fund

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Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

  • Human Rights Violations

    • Petroleos Mexicanos 0.98%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2023 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

In their own words

The fund invests in an actively managed portfolio of sovereign bonds, investment grade corporate bonds, mortgage securities, currencies and other similar securities. The fund can also invest in emerging market debt, high yield debt, and below investment grade non-sovereign and corporate debt.

Value $194M NZD
Period of data report 31st Dec. 2023
Fund started 27th March 2018
Total annual fund fees 0.77%
Total performance based fees 0.0%
Manager's basic fee 0.77%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Rino Lupo

Currently: Director, Head of Legal and Operations, Legg Mason Australia (21 years, 2 months)
Previously: Compliance Manager, Legg Mason Australia (2 years, 0 months)

Jack Mcintyre

Currently: Portfolio Manager, Brandywine Global (11 years, 6 months)
Previously: Associate Portfolio Manager, Brandywine Global (6 years, 0 months)

Anujeet Sareen

Currently: Portfolio Manager, Brandywine Global (7 years, 6 months)
Previously: Managing Director of Global Fixed Income & Global Macro Strategist, Wellington Management (22 years, 0 months)

Paul Mielczarski

Currently: Head of Global Macro Strategy (0 years, 11 months)
Previously: Director of Portfolio Strategy, Ontario Teachers’ Pension Plan (2 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2023 -0.79% -5.52%
2022 -2.46% 0.85%
2021 2.15% 14.86%
2020 1.75% -7.36%
2019 2.76% -1.62%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.

Top 10 Investments

  • US Treasury N/B 3.5% 02/15/33
    United States Int Fixed Interest AA+
    11.36%
  • US Dollar
    United States Cash and Equivalents
    5.94%
  • US Treasury Frn Flt 01/31/25
    United States Int Fixed Interest AA+
    5.43%
  • UK Tsy Gilt 1.25% 07/31/51
    United Kingdom Int Fixed Interest AA-
    4.78%
  • US Treasury N/B 4.125% 08/15/53
    United States Int Fixed Interest AA-
    4.5%
  • US Treasury N/B 3% 08/15/52
    United States Int Fixed Interest AA+
    4.32%
  • Colombia Tes 9.25% 05/28/42
    Colombia Int Fixed Interest BBB-
    3.89%
  • Mexican Bonos 8.5% 11/18/38
    Mexico Int Fixed Interest BBB
    2.98%
  • Rep South Africa 8.75% 02/28/48
    South Africa Int Fixed Interest BB
    2.82%
  • G2Sf Ma9171 5.5% 09/20/53
    United States Int Fixed Interest AA+
    2.79%
Type Target Actual
Cash and Cash Equivalents 0.0% 8.15%
New Zealand Fixed Interest 0.0% 2.55%
International Fixed Interest 100.0% 84.75%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 4.55%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

Target

Actual

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.