Legg Mason Brandywine Global Opportunistic Fixed Income Fund

The Legg Mason Brandywine Global Opportunistic Fixed Income Fund (the Fund) is a PIE-compliant New Zealand-domiciled fund with investments managed by Legg Mason Asset Management Australia Limited. Implemented Investment Solutions (IIS) is the issuer and manager of the Fund. The Fund is registered as an offer within a Managed Investment Scheme under the Financial Markets Conduct Act 2013 and is regulated by the FMA.

Legg Mason Brandywine Global Opportunistic Fixed Income Fund searches the globe for attractive real yield opportunities. The Fund is an alpha seeking, high conviction strategy with a ‘go anywhere’, opportunistic style with strict risk limits in place to avoid over-exposure to any one region or issuer. Combining bond and currency strategies, the Fund aims to deliver a truly global opportunity set for New Zealand fixed income investors.

About Brandywine Global

Brandywine Global was established in 1986 and is a wholly owned by Legg Mason. Brandywine’s well-resourced and highly regarded investment team are responsible for management of the Legg Mason Brandywine Global Opportunistic Fixed Income Fund. Acting with conviction and discipline, Brandywine Global, looks beyond short-term, conventional thinking to rigorously pursue long-term value. Brandywine Global provides a range of differentiated fixed income, equity and alternative solutions from its headquarters in Philadelphia, USA and offices around the globe.

How to use this Fund

The Legg Mason Brandywine Global Opportunistic Fixed Income Fund is an unconstrained fixed income fund that focuses on sovereign debt and is suitable as a core fixed income exposure. The Fund is also a complementary fit alongside more traditional, benchmark relative fixed income funds.

Read More about Legg Mason

Documents

*This report is intended for New Zealand clients residing in New Zealand only and must not be accessed or viewed by any person or entity outside of New Zealand.

Investment Manager Legg Mason Investment Asset Australia Management, with Brandywine Global as the underlying manager
Investment Policy and Objectives The investment objective of the Fund is to earn a return before fees and taxes in excess of the FTSE World Government Bond Index hedged into New Zealand dollars over rolling five-year periods.
Investment Strategy

Primarily invests in developed market sovereign debt and currencies. It can also invest in corporate investment grade debt, high yield debt, mortgages and emerging market sovereign debt and currencies.

Highlights:

  • Unconstrained, high conviction global fixed income strategy with a ‘go anywhere’ opportunistic style
  • Targets investment in markets offering the highest real yields
  • Employs active currency management to protect capital and enhance returns
Benchmark FTSE World Government Bond Index – NZD Hedged