Legg Mason Brandywine Global Opportunistic Fixed Income Fund

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Not Mindful
Type: Defensive fund
Past Returns: *-4.49%

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 any membership and % management 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 Corporation 4.25% 0.11%
Apache Corporation 4.75% 0.43%
Apache Corporation 5.35% 0.06%
Exxon Mobil Corporation 3.45% 0.70%
Hess Corporation 5.6% 0.24%
Hess Corporation 5.8% 0.12%
Lyb International Finance Iii Llc 4.2% 0.31%
Occidental Petroleum Corporation 4.2% 0.24%
Occidental Petroleum Corporation 4.4% 0.29%
Occidental Petroleum Corporation 6.2% 0.14%
Occidental Petroleum Corporation 6.6% 0.06%
Petrobras Global Finance B.V. 6.75% 0.78%
Petroleos Mexicanos 6.75% 0.24%
Petroleos Mexicanos 7.69% 1.32%
Total Capital International S.A. 3.13% 0.57%

Weapons

General Dynamics Corporation 4.25% 0.15%
The Boeing Company 3.95% 0.27%
The Boeing Company 5.7% 0.25%
The Boeing Company 5.8% 0.50%
The Boeing Company 5.93% 0.33%

Alcohol

Anheuser-Busch Inbev Worldwide Inc. 4.5% 1.13%
Anheuser-Busch Inbev Worldwide Inc. 4.6% 0.34%

Animal Testing

Lyb International Finance Iii Llc 4.2% 0.310%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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
2020 1.67% -7.36%
2019 2.69% -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 Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • United Kingdom Of Great Britain and Northern Ireland 1.5%
    United Kingdom Int Fixed Interest AA
    18.92%
  • Goldman Liquid Reserve
    United States Cash and Equivalents
    5.39%
  • Poland (Republic Of) 5.25%
    Poland Int Fixed Interest A
    4.21%
  • Mexico (United Mexican States) 7.75%
    Mexico Int Fixed Interest BBB+
    3.18%
  • Italy (Republic Of) 2.45%
    Italy Int Fixed Interest BBB
    3.02%
  • Indonesia (Republic Of) 9%
    Indonesia Int Fixed Interest BBB
    2.74%
  • Mexico (United Mexican States) 8.5%
    Mexico Int Fixed Interest BBB+
    2.72%
  • Mexico (United Mexican States) 8.5%
    Mexico Int Fixed Interest BBB+
    2.58%
  • Republic Of Colombia 6%
    Colombia Int Fixed Interest BBB
    2.55%
  • Goldman Sachs Group Inc. 1.01%
    United States Int Fixed Interest BBB+
    2.3%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 5.55%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 93.74%
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% 0.71%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    1.47%
  • Animal Testing:
    0.31%
  • Fossil Fuels:
    5.63%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    1.51%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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 intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words

"The Fund provides exposure to a diversified portfolio of international fixed income securities derivatives and cash."

Value $280M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Tue March 27th 2018
Total annual fund fees 0.81%
Total performance based fees 0.0%
Manager's basic fee 0.69%
Administration charges 0.12%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Andy Sowerby

Currently: Managing Director Legg Mason Australia (4 years, 3 months)
Previously: Executive Director Legg Mason Australia (11 years, 6 months)

Rino Lupo

Currently: Director Head of Legal and Operations Legg Mason Australia (17 years, 11 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 Sept. 30th 2020.

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.