The Fund seeks to generate a high level of income over a full market cycle, regardless of market conditions, with a secondary objective of capital preservation by investing mainly in fixed income securities of issuers anywhere in the world.
Is this fund right for you?
- You want to protect your money from inflation while also protecting it from large swings in the market.
- You want to invest in fixed-income securities from anywhere in the world.
- You're comfortable with a low to medium level of risk.
Risk Rating
How is the fund invested?
(as of December 31, 2023)
Asset allocation (%)
|
Name |
Percent |
|
Foreign Bonds |
68.2 |
|
Cash and Equivalents |
23.9 |
|
Other |
7.9 |
Geographic allocation (%)
|
Name |
Percent |
|
United States |
66.3 |
|
Canada |
9.0 |
|
Mexico |
6.9 |
|
United Kingdom |
5.9 |
|
Colombia |
5.4 |
|
Spain |
3.0 |
|
Brazil |
2.3 |
|
Cayman Islands |
0.9 |
|
Argentina |
0.2 |
|
Other |
0.1 |
Sector allocation (%)
|
Name |
Percent |
|
Fixed Income |
76.0 |
|
Cash and Cash Equivalent |
23.9 |
|
Other |
0.1 |
Growth of $10,000
(since inception)
Data not available based on date of inception
Fund details
(as of December 31, 2023)
Top holdings |
% |
United States Treasury 5.53% 31-Jan-2025 |
21.5 |
Cash and Cash Equivalents |
6.2 |
United Kingdom Government 3.75% 22-Oct-2053 |
5.9 |
Mexico Government 8.00% 31-Jul-2053 |
4.5 |
Colombia Government 7.00% 26-Mar-2031 |
3.9 |
Spain Government 1.90% 31-Oct-2052 |
3.0 |
Petroleos Mexicanos 5.35% 12-Feb-2028 |
2.4 |
CAD Currency Forward |
2.4 |
Brazil Government 10.00% 01-Jan-2027 |
2.3 |
Federal Home Loan Mrtgage Corp 4.50% 01-Sep-2052 |
1.5 |
Total allocation in top holdings |
53.6 |
Portfolio characteristics |
|
Standard deviation |
6.5% |
Yield to maturity |
7.1% |
Duration (years) |
4.8 |
Coupon |
6.0% |
Average credit rating |
BBB+ |
Understanding returns
Annual compound returns (%)
1 MO |
3 MO |
YTD |
1 YR |
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3 YR |
5 YR |
10 YR |
INCEPTION |
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Calendar year returns (%)
2023 |
2022 |
2021 |
2020 |
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2019 |
2018 |
2017 |
2016 |
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Range of returns over five years
(January 1, 2019 - February 29, 2024)
Best return |
Best period end date |
Worst return |
Worst period end date |
1.7% |
Dec. 2023 |
1.4% |
Jan. 2024 |
Average return |
% of periods with positive returns |
Number of positive periods |
Number of negative periods |
1.5% |
100.0% |
3 |
0 |
(September 30, 2023)
Brandywine Global Investment Management, LLC
FEL — MAX1262
Contact information
Toll free: 1-888-252-1847