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
Sep 29, 2002
$1,000
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 7.41% year-to-date (YTD) and 12.22% in the last 12 months. Over the past 10 years, BrandywineGLOBAL - Corporate Credit Fund had an annualized return of 1.62%, while the S&P 500 had an annualized return of 11.13%, indicating that BrandywineGLOBAL - Corporate Credit Fund did not perform as well as the benchmark.
BCAAX
7.41%
0.37%
4.75%
12.22%
2.45%
1.62%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
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 | 0.86% | 0.53% | 1.04% | -0.68% | 1.06% | 0.75% | 1.53% | 1.13% | 0.79% | 0.18% | 7.41% | ||
| 2023 | 3.51% | -0.82% | -0.36% | 1.64% | -0.05% | 1.05% | 1.56% | 0.46% | -0.75% | -1.11% | 4.40% | 3.23% | 13.32% |
| 2022 | -1.87% | -1.03% | -0.92% | -2.86% | -0.08% | -6.18% | 4.42% | -0.65% | -3.53% | 1.75% | 2.55% | -0.59% | -9.05% |
| 2021 | -0.00% | 0.00% | -0.25% | 0.34% | -0.25% | 0.94% | -0.38% | 0.33% | 0.07% | -0.16% | -0.68% | -0.70% | -0.75% |
| 2020 | 0.87% | -0.69% | -12.27% | 3.07% | 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% | 0.17% | 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% | 0.26% | 0.18% | 0.26% | -0.17% | 0.09% | -0.09% | -0.44% | -0.27% | 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% | 0.54% | -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% |
Expense Ratio
BCAAX features an expense ratio of 0.86%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BCAAX is 95, placing it in the top 5% 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 provided a 6.66% dividend yield over the last twelve months, with an annual payout of $0.71 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.71 | $0.65 | $0.54 | $0.28 |
Dividend yield | 6.66% | 6.24% | 5.45% | 2.48% |
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 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.59 | |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.65 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.08 | $0.05 | $0.54 |
| 2021 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 3728 trading sessions.
The current BrandywineGLOBAL - Corporate Credit Fund drawdown is 0.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.67% | Apr 30, 2007 | 468 | Mar 6, 2009 | 3728 | Dec 27, 2023 | 4196 |
| -6.19% | Apr 2, 2004 | 29 | May 13, 2004 | 135 | Nov 24, 2004 | 164 |
| -4.91% | Nov 26, 2004 | 256 | Nov 30, 2005 | 291 | Jan 30, 2007 | 547 |
| -2.99% | Jul 15, 2003 | 23 | Aug 14, 2003 | 40 | 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.