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Morningstar

BrandywineGLOBAL Alternative Credit C LMAQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.89  /  +0.23 %
  • Total Assets 70.0 Mil
  • Adj. Expense Ratio
    2.400%
  • Expense Ratio 2.400%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.92%
  • Effective Duration 2.29 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:15 PM GMT+0

Morningstar’s Analysis LMAQX

Will LMAQX 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 LMAQX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

BrandywineGLOBAL Alternative Credit C earns a Morningstar Medalist Rating of Negative with strength in areas such as People offset by weaker spots such as Process.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LMAQX

More LMAQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Western Asset Prem Instl US Trs Rsv Pref

4.38 3.2 Mil
Cash and Equivalents

Connecticut Avenue Securities Trust 2019-R06 9.18487%

3.74 2.7 Mil
Securitized

Connecticut Avenue Securities Trust 2019-R04 10.68487%

3.58 2.6 Mil
Securitized

Wells Fargo Commercial Mortgage Trust 3%

3.34 2.5 Mil
Securitized

CONNECTICUT AVENUE SECURITIES TRUST 8.43487%

3.31 2.4 Mil
Securitized

Federal Home Loan Mortgage Corp. 9.32039%

2.83 2.1 Mil
Securitized

CONNECTICUT AVENUE SECURITIES TRUST 2022-R02 9.82039%

2.75 2.0 Mil
Securitized

Federal National Mortgage Association 9.53487%

2.69 2.0 Mil
Securitized

Federal National Mortgage Association 9.53487%

2.31 1.7 Mil
Securitized

Mexico (United Mexican States) 7.5%

1.92 1.4 Mil
Government