BrandywineGLOBAL – Global Inc Opp Fund:BWG

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.30$13.49-16.23%
    52 Wk Avg$12.03$13.77-12.64%
    52 Wk High$13.60$14.66-7.13%
    52 Wk Low$8.54$11.59-26.45%
    Regular Distribution TypeManaged Distribution
    Distribution Rate7.43%
    Distribution Amount$0.0700
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment seeks to provide current income. As a secondary investment objective, the fund will seek capital appreciation. The fund normally invests at least 80% of net assets in global fixed-income securities. Its investments in global fixed-income securities include, but are not limited to the sovereign debt of developed and emerging market countries, U.S. and non-U.S. corporate debt, mortgage- and asset-backed securities and currency exposure through the use of futures, forwards and other derivative instruments, for hedging and investment purposes.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$432.672M
    Total Common Assets:$283.362M
    Common Shares Outstanding:20,989,795
    Leverage

    As of 10/22/2020

    Preferred Share Assets: $59.310M
    Total Debt (USD): $90.000M
    Regulatory Leverage (USD): $149.310M
    Effective Leverage (USD): $149.310M
    Effective Leverage (%): 34.51%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees1.31%
    Other Expenses:0.70%
    Baseline Expense: N/A
    Interest Expense:1.10%
    Total: 3.11%
    Fund Management

    Fund Sponsor
    Legg Mason

    Portfolio Managers
    Stephen S. Smith, Anujeet S. Sareen, David F. Hoffman

    Basics
    Category: Fixed Income - Taxable-Global Income
    Ticker: BWG
    NAV Ticker: XBWGX
    Average Daily Volume (shares): 98,687
    Average Daily Volume (USD): $1.181M
    Inception Date: 3/28/2012
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2020
    $0.3174
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    6.23%
    Total Return on NAV (12 months):
    As of 10/23/2020
    1.10%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    5.90%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    34.51%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-12.57%
    1 Year-12.64%
    3 Year-14.00%
    5 Year-14.10%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-1.91
    6 Month-1.96
    1 Year-1.57
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF Global Income

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-4.37%-2.30%-6.25%-3.34%
    201930.58%21.94%23.53%14.13%
    2018-12.14%-9.49%-6.53%-3.97%
    201717.15%14.96%12.78%10.09%
    201612.99%10.02%24.08%17.91%
    2015-20.76%-19.40%1.49%0.68%
    20147.92%9.46%4.04%3.59%
    2013-8.36%-6.28%-8.44%-1.76%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF Global Income

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    5.90%
    Number of Holdings:
    As of 8/31/2020
    200
    Annual Portfolio Turnover:
    As of 10/31/2019
    55.00%
    Asset Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)44.07%
    Corporate Bond43.03%
    Government (Super Sector)38.40%
    Government37.12%
    Securitized (Super Sector)12.22%
    Agency Mortgage Backed7.51%
    Cash Equivalents (Super Sector)5.74%
    Cash Equivalents5.74%
    Government Commercial Mortgage Backed4.51%
    Government Related1.29%
    Top Holdings

    As of 8/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    United States Treasury Bonds 2.38%$42.19M9.68%
    Secretaria Tesouro Nacional 10%$26.24M6.02%
    Mexico (United Mexican States) 7.75%$21.08M4.84%
    India (Republic of) 8.17%$20.62M4.73%
    Goldman Sachs Group, Inc. 6.75%$17.53M4.02%
    Bank of America Corporation 7.75%$10.57M2.43%
    Wells Fargo & Company 4.3%$10.38M2.38%
    Spain (Kingdom of) 1%$10.04M2.30%
    Indonesia (Republic of) 9%$9.42M2.16%
    Brazil (Federative Republic) 10%$7.97M1.83%
    Credit Quality

    As of 8/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 8/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income53.66%
    Brazil - Fixed Income10.34%
    Indonesia - Fixed Income5.93%
    Mexico - Fixed Income5.91%
    India - Fixed Income4.73%
    Spain - Fixed Income4.35%
    Others - Fixed Income1.68%
    China - Fixed Income1.57%
    United Kingdom - Fixed Income0.80%
    Canada - Fixed Income0.78%
    Chile - Fixed Income0.73%
    Israel - Fixed Income0.73%
    France - Fixed Income0.67%
    Ireland - Fixed Income0.52%
    Germany - Fixed Income0.47%
    South Africa - Fixed Income0.31%
    Singapore - Fixed Income0.29%
    Colombia - Fixed Income0.19%
    Russia - Equity0.00%
    Singapore - Equity0.00%
    Switzerland - Equity0.00%
    United Kingdom - Equity0.00%
    United States - Equity-0.56%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W