- Issuer
- Franklin Templeton
- Inception Date
- Dec 3, 2014
- Category
- High Yield Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BGHSX Performance Chart
BrandywineGLOBAL - High Yield Fund (BGHSX) is up 0.0% since the beginning of the year. BGHSX is currently trading at $10 per share.
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Returns By Period
BrandywineGLOBAL - High Yield Fund (BGHSX) has returned 0.03% so far this year and 4.58% over the past 12 months.
BrandywineGLOBAL - High Yield Fund
- 1D
- -0.10%
- 1M
- 0.53%
- YTD
- 0.03%
- 6M
- 0.72%
- 1Y
- 4.58%
- 3Y*
- 7.77%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BGHSX Monthly Returns History
Based on dividend-adjusted daily data since Aug 4, 2021, BGHSX's average daily return is +0.01%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Jun 2022 at -6.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BGHSX closed higher 39% of trading days. The best single day was Nov 30, 2022 with a return of +1.3%, 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 | -0.05% | -0.79% | -0.67% | 1.65% | 0.13% | -0.20% | 0.03% | ||||||
| 2025 | 1.42% | 0.44% | -1.45% | -0.77% | 1.14% | 1.37% | 0.50% | 1.29% | 0.91% | -0.27% | 0.29% | 0.58% | 5.55% |
| 2024 | 0.84% | 0.38% | 1.32% | -0.77% | 1.27% | 0.80% | 1.73% | 1.31% | 0.94% | 0.14% | 1.30% | 0.23% | 9.90% |
| 2023 | 4.13% | -0.99% | 0.00% | 1.04% | -0.10% | 1.24% | 1.76% | -0.00% | -0.82% | -1.97% | 4.93% | 3.50% | 13.21% |
| 2022 | -2.14% | -1.20% | -0.80% | -3.20% | -0.52% | -6.49% | 4.16% | -0.42% | -3.83% | 1.95% | 2.65% | -0.44% | -10.23% |
| 2021 | 0.32% | 0.14% | -0.19% | -0.72% | 1.59% | 1.12% |
Benchmark Metrics
BrandywineGLOBAL - High Yield Fund has an annualized alpha of 2.17%, 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 34.40% of S&P 500 Index downside but only 26.14% 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
- 2.17%
- Beta
- 0.13
- R²
- 0.24
- Upside Capture
- 26.14%
- Downside Capture
- 34.40%
Expense Ratio
BGHSX has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BGHSX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BrandywineGLOBAL - High Yield Fund (BGHSX) 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.
| BGHSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.78 | -1.06 |
| Martin ratioReturn relative to average drawdown | 6.98 | 12.44 | -5.45 |
Dividends
Dividend History
BrandywineGLOBAL - High Yield Fund provided a 6.26% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.72 | $0.77 | $0.53 | $0.50 | $0.52 |
Dividend yield | 6.26% | 7.08% | 7.49% | 5.23% | 5.32% | 4.71% |
Monthly Dividends
The table displays the monthly dividend distributions for BrandywineGLOBAL - High Yield 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.00 | $0.21 | ||||||
| 2025 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.72 |
| 2024 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.08 | $0.06 | $0.77 |
| 2023 | $0.05 | $0.05 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.00 | $0.07 | $0.06 | $0.53 |
| 2022 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.00 | $0.00 | $0.05 | $0.05 | $0.05 | $0.08 | $0.06 | $0.50 |
| 2021 | $0.05 | $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. 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 was 14.30%, occurring on Sep 29, 2022. Recovery took 304 trading sessions.
The current BrandywineGLOBAL - High Yield Fund drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -14.30%Sep 2022 | 8mo 29d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -4.55%Apr 2025 | 1mo 5d | 2mo 24d | 3mo 29dMar 2025 - Jun 2025 |
2026 pullback2026 | -2.67%Mar 2026 | 1mo 22d | 1mo 4d | 2mo 26dFeb 2026 - Apr 2026 |
2024 pullback2024 | -1.76%Apr 2024 | 15d | 20d | 1mo 5dApr 2024 - May 2024 |
2021 pullback2021 | -1.66%Nov 2021 | 17d | 1mo 5d | 1mo 22dNov 2021 - Dec 2021 |
Drawdown Indicators
| BGHSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.30% | -56.78% | +42.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -9.10% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -18.90% | +14.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.80% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -10.71% | +7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.03% | -1.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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