- CUSIP
- 52472T726
- Issuer
- Franklin Templeton
- Inception Date
- Dec 4, 2014
- Category
- High Yield Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BGHIX Performance Chart
BrandywineGLOBAL - High Yield Fund Class I (BGHIX) is up 0.2% since the beginning of the year. BGHIX is currently trading at $10 per share.
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Returns By Period
BrandywineGLOBAL - High Yield Fund Class I (BGHIX) has returned 0.16% so far this year and 3.25% over the past 12 months.
BrandywineGLOBAL - High Yield Fund Class I
- 1D
- 0.10%
- 1M
- -0.81%
- 6M
- 0.23%
- YTD
- 0.16%
- 1Y
- 3.25%
- 3Y*
- 7.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.89%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BGHIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 4, 2021, BGHIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Jun 2022 at -6.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BGHIX closed higher 40% of trading days. The best single day was Nov 30, 2022 with a return of +1.2%, while the worst single day was Jun 14, 2022 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.06% | -0.32% | -0.69% | 1.54% | 0.21% | 0.20% | -0.71% | 0.16% | |||||
| 2025 | 1.51% | 0.44% | -1.46% | -0.88% | 1.24% | 1.36% | 0.39% | 1.28% | 1.00% | -0.38% | 0.38% | 0.57% | 5.53% |
| 2024 | 0.82% | 0.47% | 1.21% | -0.69% | 1.26% | 0.80% | 1.71% | 1.20% | 0.94% | 0.23% | 1.29% | 0.12% | 9.77% |
| 2023 | 4.13% | -1.00% | 0.09% | 1.50% | -0.01% | 1.23% | 1.75% | 0.50% | -0.72% | -1.36% | 4.81% | 3.49% | 15.16% |
| 2022 | -2.15% | -1.12% | -0.81% | -3.21% | -0.53% | -6.59% | 4.28% | -0.53% | -3.75% | 1.83% | 2.76% | -0.55% | -10.34% |
| 2021 | 0.21% | 0.13% | -0.11% | -0.73% | 1.48% | 0.97% |
Benchmark Metrics
BrandywineGLOBAL - High Yield Fund Class I has an annualized alpha of 2.43%, beta of 0.13, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since August 04, 2021.
- This fund participated in 32.60% of S&P 500 Index downside but only 26.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.24 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.24 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.43%
- Beta
- 0.13
- R²
- 0.24
- Upside Capture
- 26.37%
- Downside Capture
- 32.60%
Expense Ratio
BGHIX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BGHIX ranks 41 for risk / return — above 41% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund Class I (BGHIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.00 | -0.42 |
| Martin ratioReturn relative to average drawdown | 6.40 | 8.49 | -2.09 |
Dividends
Dividend History
BrandywineGLOBAL - High Yield Fund Class I provided a 6.01% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.71 | $0.76 | $0.69 | $0.49 | $0.52 |
Dividend yield | 6.01% | 6.96% | 7.37% | 6.83% | 5.23% | 4.66% |
Monthly Dividends
The table displays the monthly dividend distributions for BrandywineGLOBAL - High Yield Fund Class I. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.30 | |||||
| 2025 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.71 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.08 | $0.06 | $0.76 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.08 | $0.06 | $0.49 |
| 2021 | $0.04 | $0.05 | $0.05 | $0.05 | $0.33 | $0.52 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BrandywineGLOBAL - High Yield Fund Class I. 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 - High Yield Fund Class I was 14.29%, occurring on Sep 29, 2022. Recovery took 295 trading sessions.
The current BrandywineGLOBAL - High Yield Fund Class I drawdown is 0.81%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.29%Sep 2022 | 8mo 29d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
-4.66%Apr 2025 | 1mo 5d | 2mo 24d | 3mo 29dMar 2025 - Jun 2025 | 2025 selloff2025 |
-2.31%Mar 2026 | 1mo 22d | 18d | 2mo 10dFeb 2026 - Apr 2026 | — |
-1.77%Apr 2024 | 16d | 19d | 1mo 5dApr 2024 - May 2024 | — |
-1.58%Nov 2021 | 16d | 1mo 5d | 1mo 21dNov 2021 - Dec 2021 | — |
Drawdown Indicators
| BGHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -56.78% | +42.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -9.10% | +6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -18.90% | +14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -25.43% | +11.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.81% | -1.58% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -10.70% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.14% | -1.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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