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Legg Mason Brandywine Global Fixed Income Fund

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About The Fund

Investment Aim

Seeks to maximise returns through capital appreciation and income by investing in debt securities denominated in the currency of issuers located in developed countries around the world. The Fund uses active currency management to protect and increase its potential returns.

Performance Benchmark

Citigroup World Government Bond Index
 
  • Invests primarily in high yielding global government bonds.
  • Highly experienced investment team.
  • Standard & Poor's fund management rating: A.
 
 
 

About the Investment Strategy

  • The investment strategy reflects the manager's conviction that countries with high real interest rates and stable or appreciating currencies are the best indicators of value across global fixed income markets.
  • The manager therefore seeks bonds with the highest real yields, with risk controlled by purchasing undervalued securities and managing currency to protect and increase returns.
  • Investments are typically concentrated in a focused number countries that appear to offer the best total return potential.
  • Significant investments are made in targeted positions and benchmark hugging is avoided.

About the Investment Team

Brandywine Global Investment Management has been managing fixed income since 1992 and its fixed income team brings together decades of experience in the asset class.

 
 

  • The Fund may invest up to 100% of its NAV in mortgage related securities, including mortgage-backed securities (MBS), stripped securities and asset-backed securities (ABS), which can involve material additional risks, e.g. counterparty default risk, and may expose the Fund to significant losses.
  • Investors should read and understand the Fund’s most current offering document, including details of risk factors relevant to the Fund and, in particular, the risk of investments in the securities of emerging markets issuers, MBS, stripped securities, ABS and derivatives, before making an investment in the Fund.
  • An investment in the Fund may not be suitable for all investors. The investment decision is yours but you should not invest in the Fund unless the intermediary who sells it to you has advised you that it is suitable for you and has explained why, including how buying it would be consistent with your investment objectives.