Legg Mason Brandywine Global Opportunistic Fixed Income Fund

Find a Mindful Ethical fund »
Not Mindful
Type: Defensive fund
Past Returns: 1.96%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.81%

Annual fees, including management and administration fees, but not membership fee.

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.


Fossil Fuel

Apache Corp 010749 5.35 Cb 0.22%
Apache Corp 150144 4.25 Cb 0.19%
Apache Corp 150443 4.75 Cb 0.63%
Exxon Mobil Corp 150451 3.452 Cb 0.66%
Hess Corp 010447 5.80 Cb 0.49%
Hess Corp 150241 5.60 Cb 0.47%
Occidental Petroleum Corp 150340 6.20 Cb 0.16%
Occidental Petroleum Corp 150346 6.60 Cb 0.23%
Occidental Petroleum Corp 150348 4.20 Cb 0.45%
Occidental Petroleum Corp 150446 4.40 Cb 0.52%
Occidental Petroleum Corp 150849 4.40 Cb 0.25%
Petrobras Global Finance Bv 030650 6.75 Cb 0.79%
Petroleos Mexicanos 210947 6.75 Gb 0.26%
Petroleos Mexicanos 230150 7.69 Cb 1.41%
Saudi Arabian Oil Co 241150 3.25 Cb 0.13%
Total Capital International SA 290550 3.127 Cb 0.54%

Weapons

Boeing Co 010540 5.705 Cb 0.28%
Boeing Co 010550 5.805 Cb 0.86%
Boeing Co 010560 5.93 Cb 0.54%
Boeing Co 010859 3.95 Cb 0.41%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.

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.

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
2021 1.23% 14.86%
2020 0.88% -7.36%
2019 2.43% -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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • United States Treasury 310123 Frn
    United States Int Fixed Interest AA+
    20.75%
  • United States Treasury 310722 Frn
    United States Int Fixed Interest AA+
    12.87%
  • UK Of Gb and Northern Ireland Government 070922 1.75 Gb
    United Kingdom Int Fixed Interest AA
    5.53%
  • United States Treasury 311022 Frn
    United States Int Fixed Interest AA+
    4.57%
  • Indonesia Republic Of Government 150329 9.00 Gb
    Indonesia Int Fixed Interest BBB
    3.57%
  • Mexico United Mexican States Government 131142 7.75 Gb
    Mexico Int Fixed Interest BBB
    3.13%
  • South Arrica Republic Of Government 280248 8.75 Gb
    South Africa Int Fixed Interest BB-
    2.93%
  • Mexico United Mexican States Government 181138 8.50 Gb
    Mexico Int Fixed Interest BBB
    2.76%
  • Mexico United Mexican States Government 310529 8.50 Gb
    Mexico Int Fixed Interest BBB
    2.67%
  • Colombia Republic Of Government 280428 6.0 Gb
    Colombia Int Fixed Interest BBB-
    2.5%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.49%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 101.29%
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% -2.78%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    7.38%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    2.09%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 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.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The Fund invests in a diversified portfolio of international fixed income securities derivatives and cash. The fund targets a position of being fully hedged back to New Zealand dollars."

Value $280M NZD
Period of data report Wed March 31st 2021
Fund started Tue March 27th 2018
Total annual fund fees 0.81%
Total performance based fees 0.0%
Manager's basic fee 0.69%
Other management and administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Rino Lupo

Currently: Director Head of Legal and Operations Legg Mason Australia (18 years, 5 months)
Previously: Compliance Manager Legg Mason Australia (2 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.