BrandywineGLOBAL - Corporate Credit Fund (BCAAX)
The fund focuses on investing in a diversified portfolio of corporate debt securities, with a maximum dollar-weighted effective duration of less than five years. It avoids investing in securities rated below a certain level by major rating agencies.
Fund Info
| Issuer | Franklin Templeton Investments |
|---|---|
| Inception Date | Sep 29, 2002 |
| Category | High Yield Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
BCAAX has a high expense ratio of 0.86%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BrandywineGLOBAL - Corporate Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BrandywineGLOBAL - Corporate Credit Fund had a return of 1.17% year-to-date (YTD) and 10.50% in the last 12 months. Over the past 10 years, BrandywineGLOBAL - Corporate Credit Fund had an annualized return of 1.11%, while the S&P 500 had an annualized return of 10.37%, indicating that BrandywineGLOBAL - Corporate Credit Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.17% | 5.57% |
| 1 month | -1.23% | -4.16% |
| 6 months | 9.05% | 20.07% |
| 1 year | 10.50% | 20.82% |
| 5 years (annualized) | 2.01% | 11.56% |
| 10 years (annualized) | 1.11% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.85% | 0.52% | 1.04% | |||||||||
| 2023 | -1.14% | 4.41% | 3.24% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BCAAX is 94, placing it in the top 6% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BrandywineGLOBAL - Corporate Credit Fund(BCAAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BrandywineGLOBAL - Corporate Credit Fund (BCAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BrandywineGLOBAL - Corporate Credit Fund granted a 6.03% dividend yield in the last twelve months. The annual payout for that period amounted to $0.63 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.63 | $0.65 | $0.58 | $0.54 |
Dividend yield | 6.03% | 6.25% | 5.84% | 4.68% |
Monthly Dividends
The table displays the monthly dividend distributions for BrandywineGLOBAL - Corporate Credit Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.05 | $0.06 | |||||||||
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.08 | $0.04 | $0.04 | $0.05 | $0.05 | $0.08 | $0.05 |
| 2021 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BrandywineGLOBAL - Corporate Credit Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BrandywineGLOBAL - Corporate Credit Fund was 36.67%, occurring on Mar 6, 2009. Recovery took 3710 trading sessions.
The current BrandywineGLOBAL - Corporate Credit Fund drawdown is 1.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.67% | Apr 30, 2007 | 468 | Mar 6, 2009 | 3710 | Nov 30, 2023 | 4178 |
| -6.19% | Mar 22, 2004 | 38 | May 13, 2004 | 135 | Nov 24, 2004 | 173 |
| -4.91% | Nov 26, 2004 | 256 | Nov 30, 2005 | 291 | Jan 30, 2007 | 547 |
| -2.99% | Jul 15, 2003 | 17 | Aug 6, 2003 | 46 | Oct 10, 2003 | 63 |
| -1.52% | Apr 1, 2024 | 12 | Apr 16, 2024 | — | — | — |
Volatility
Volatility Chart
The current BrandywineGLOBAL - Corporate Credit Fund volatility is 0.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.