Morningstar

BrandywineGLOBAL - High Yield Fund Class A BGHAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.91  /  −0.10 %
  • Total Assets 2.8B
  • Adj. Expense Ratio
    0.870%
  • Expense Ratio 0.860%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 6.35%
  • Effective Duration 2.43 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 10:25 PM GMT+0

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 15.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl US Trs Rsv Pref

7.53 233M
Cash and Equivalents

Firstcash Inc 5.625%

1.85 57M
Corporate

PROG Holdings Inc. 6%

1.73 54M
Corporate

Saturn Oil & Gas Inc 9.625%

1.67 52M
Corporate

Ryan Specialty LLC 5.875%

1.62 50M
Corporate

Jefferson Capital Holdings LLC 9.5%

1.62 50M
Corporate

Credit Acceptance Corporation of Michigan 9.25%

1.57 49M
Corporate

United Wholesale Mortgage LLC 5.5%

1.55 48M
Corporate

Enova International Inc. 11.25%

1.51 47M
Corporate

Travel Plus Leisure Co 6.625%

1.50 46M
Corporate

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