This strategy moved to Brandywine Global from Diamond Hill in July 2021, but BrandywineGlobal Corporate Credit's benchmark-agnostic, high-conviction approach and its avoidance of the junk-bond market's lowest-quality names continue to make it a uniquely attractive proposition within the high-yield bond Morningstar Category. That and an experienced, albeit thin, team support a Morningstar Analyst Rating of Silver for its cheapest share class, while its more expensive classes earn Bronze and Neutral ratings.
BrandywineGLOBAL Corporate Credit A BCAAX
NAV / 1-Day Return
10.51
/
0.81
%
Total Assets
1.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.870%
Expense Ratio
0.870%
Fee Level
Low
Longest Manager Tenure
16.07
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
4.35%
Effective Duration
2.66
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will BCAAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BCAAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BCAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of BCAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This remains a solid choice, despite the move to Brandywine Global from Diamond Hill.
