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 features an expense ratio of 0.86%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BCAAX vs. BGHSX
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 4.37% year-to-date (YTD) and 11.70% in the last 12 months. Over the past 10 years, BrandywineGLOBAL - Corporate Credit Fund had an annualized return of 1.45%, while the S&P 500 had an annualized return of 10.58%, indicating that BrandywineGLOBAL - Corporate Credit Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.37% | 13.20% |
1 month | 1.09% | -1.28% |
6 months | 4.27% | 10.32% |
1 year | 11.70% | 18.23% |
5 years (annualized) | 2.41% | 12.31% |
10 years (annualized) | 1.45% | 10.58% |
Monthly Returns
The table below presents the monthly returns of BCAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.85% | 0.52% | 1.04% | -0.68% | 1.10% | 0.71% | 4.37% | ||||||
2023 | 3.51% | -0.82% | -0.32% | 1.60% | -0.05% | 1.09% | 1.51% | 0.45% | -0.73% | -1.14% | 4.41% | 3.24% | 13.33% |
2022 | -1.89% | -1.04% | -0.92% | -2.85% | -0.10% | -5.83% | 4.42% | -0.65% | -3.50% | 1.72% | 2.55% | -0.55% | -8.69% |
2021 | 0.00% | -0.00% | -0.25% | 0.34% | -0.25% | 0.94% | -0.38% | 0.33% | 0.07% | -0.16% | -0.68% | 1.51% | 1.45% |
2020 | 0.87% | -0.69% | -12.27% | 3.08% | 4.33% | 2.12% | 3.34% | 1.14% | -0.60% | 0.17% | 2.69% | -0.17% | 2.96% |
2019 | 2.69% | 0.54% | 0.99% | 1.16% | -0.97% | 1.51% | 0.35% | 0.61% | -0.78% | 0.18% | 0.26% | -0.17% | 6.50% |
2018 | 0.35% | -0.70% | -0.71% | -0.00% | -0.36% | 0.00% | 0.27% | -0.18% | -0.00% | -1.25% | -0.73% | -1.64% | -4.86% |
2017 | 0.45% | 0.81% | 0.18% | 0.44% | 0.27% | 0.18% | 0.26% | -0.18% | 0.09% | -0.09% | -0.44% | -0.26% | 1.71% |
2016 | -1.71% | -0.39% | 3.10% | 2.07% | 0.37% | -0.18% | 1.56% | 1.63% | -0.27% | -0.27% | -1.16% | 0.91% | 5.70% |
2015 | 0.37% | 1.37% | -0.09% | 0.63% | -0.00% | -0.98% | -0.36% | -1.18% | -1.74% | 1.49% | -1.10% | -2.14% | -3.75% |
2014 | 0.27% | 0.27% | -0.09% | -0.00% | -0.00% | -0.00% | -1.25% | 0.36% | -1.26% | 0.55% | -0.36% | -0.73% | -2.23% |
2013 | 0.09% | 0.00% | 0.18% | 0.45% | -0.89% | -1.52% | 1.00% | -0.63% | 0.36% | 1.08% | 0.00% | -0.00% | 0.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BCAAX is 96, placing it in the top 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 6.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.69 per share.
Period | TTM | 2023 | 2022 | 2021 |
---|---|---|---|---|
Dividend | $0.69 | $0.65 | $0.58 | $0.54 |
Dividend yield | 6.54% | 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 | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.00 | $0.35 | |||||
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 | $0.65 |
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 | $0.58 |
2021 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.29 | $0.54 |
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 0.09%.
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 26, 2004 | 34 | May 13, 2004 | 135 | Nov 24, 2004 | 169 |
-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 | 14 | May 6, 2024 | 26 |
Volatility
Volatility Chart
The current BrandywineGLOBAL - Corporate Credit Fund volatility is 0.67%, 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.