Morningstar

BrandywineGLOBAL - High Yield Fund Class A BGHAX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.63  /  +0.10 %
  • Fund Size $2.4B
  • Adjusted Expense Ratio 0.870%
  • Net Expense Ratio 0.860%
  • Fee Level: Distribution Below Average
  • Share Class Type Front Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 6.31%
  • Average Effective Duration 2.91 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis BGHAX

Will BGHAX outperform in the 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 BGHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BGHAX 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 BGHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still reasons for optimism despite recent rocky stretch.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

BrandywineGlobal High Yield faces more questions than it once did, but the team’s distinct, bargain-hunting approach continues to set it apart favorably.

by Max Curtin
Rated on Published on

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Portfolio Holdings BGHAX

More BGHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl US Trs Rsv Pref

7.75 191M
Cash and Equivalents

Credit Acceptance Corporation of Michigan 9.25%

2.15 53M
Corporate

Enova International Inc. 11.25%

1.85 46M
Corporate

Jefferson Capital Holdings LLC 9.5%

1.82 45M
Corporate

Firstcash Inc 5.625%

1.79 44M
Corporate

PROG Holdings Inc. 6%

1.70 42M
Corporate

Ryan Specialty LLC 5.875%

1.68 42M
Corporate

Voc Escrow Ltd 5%

1.64 41M
Corporate

The Gap Inc. 3.875%

1.55 38M
Corporate

Usd

1.53 38M
Cash and Equivalents

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