- ISIN
- US10537L1044
- CUSIP
- 10537L104
- Issuer
- Franklin Templeton
- Inception Date
- Mar 28, 2012
- Category
- Multisector Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
BWG Performance Chart
BrandywineGLOBAL Global Income Opportunities Fund (BWG) is up 0.2% since the beginning of the year. BWG is currently trading at $8 per share. Investors who bought $1,000 worth of BWG shares 5 years ago would now be looking at an investment worth $1,108.
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Returns By Period
BrandywineGLOBAL Global Income Opportunities Fund (BWG) has returned 0.15% so far this year and 10.32% over the past 12 months. Over the last ten years, BWG has returned 4.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
BrandywineGLOBAL Global Income Opportunities Fund
- 1D
- -0.50%
- 1M
- 1.79%
- YTD
- 0.15%
- 6M
- -0.80%
- 1Y
- 10.32%
- 3Y*
- 12.02%
- 5Y*
- 2.08%
- 10Y*
- 4.92%
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%
BWG Monthly Returns History
Based on dividend-adjusted daily data since Mar 28, 2012, BWG's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +13.2%, while the worst month was Mar 2020 at -17.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BWG closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +5.8%, while the worst single day was Mar 18, 2020 at -16.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.00% | -1.65% | -6.85% | 5.32% | 1.03% | -0.25% | 0.15% | ||||||
| 2025 | 4.26% | 3.76% | -0.72% | -1.76% | 0.74% | 3.61% | 2.06% | 3.58% | 1.61% | -1.39% | -0.81% | 1.43% | 17.38% |
| 2024 | 1.50% | 0.85% | 2.03% | -5.66% | 4.39% | 1.82% | 4.98% | 2.23% | 2.53% | -3.86% | 1.20% | -4.27% | 7.31% |
| 2023 | 5.54% | -3.21% | -1.32% | -0.63% | -1.91% | 6.83% | 4.48% | -1.91% | -6.11% | -5.32% | 13.17% | 7.13% | 15.94% |
| 2022 | -2.91% | -6.77% | -2.10% | -7.25% | -1.89% | -5.76% | 6.22% | -1.30% | -10.94% | 3.97% | 6.00% | 0.35% | -21.53% |
| 2021 | -0.27% | -0.22% | -1.15% | 2.08% | 2.38% | 2.01% | -0.08% | 2.09% | -0.78% | -1.68% | -3.38% | 0.52% | 1.34% |
Benchmark Metrics
BrandywineGLOBAL Global Income Opportunities Fund has an annualized alpha of -1.21%, beta of 0.42, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since March 28, 2012.
- This fund participated in 92.57% of S&P 500 Index downside but only 57.10% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.42 may look defensive, but with R2 of 0.22 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 0.22 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
- -1.21%
- Beta
- 0.42
- R²
- 0.22
- Upside Capture
- 57.10%
- Downside Capture
- 92.57%
Expense Ratio
BWG has a high expense ratio of 2.66%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BWG ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BrandywineGLOBAL Global Income Opportunities Fund (BWG) 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.
| BWG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.78 | -1.92 |
| Martin ratioReturn relative to average drawdown | 2.66 | 12.44 | -9.77 |
Dividends
Dividend History
BrandywineGLOBAL Global Income Opportunities Fund provided a 12.03% dividend yield over the last twelve months, with an annual payout of $0.96 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.96 | $0.96 | $0.98 | $1.08 | $0.96 | $0.85 | $0.83 | $0.90 | $1.07 | $1.22 | $1.90 |
Dividend yield | 12.03% | 11.47% | 12.00% | 11.73% | 13.25% | 8.20% | 6.81% | 6.55% | 8.70% | 8.35% | 10.31% | 16.41% |
Monthly Dividends
The table displays the monthly dividend distributions for BrandywineGLOBAL Global Income Opportunities 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 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.00 | $0.40 | ||||||
| 2025 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.96 |
| 2024 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.96 |
| 2023 | $0.09 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.98 |
| 2022 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.08 |
| 2021 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.96 |
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 Global Income Opportunities 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 Global Income Opportunities Fund was 35.39%, occurring on Jan 20, 2016. Recovery took 501 trading sessions.
The current BrandywineGLOBAL Global Income Opportunities Fund drawdown is 4.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 bear market2016 | -35.39%Jan 2016 | 2y 8mo | 1y 12mo | 4y 8moMay 2013 - Jan 2018 |
COVID crash2020 | -34.27%Mar 2020 | 26d | 10mo 16d | 11mo 12dFeb 2020 - Jan 2021 |
Bear market2022 | -34.10%Oct 2022 | 1y 1mo | 2y 8mo | 3y 9moSep 2021 - Jun 2025 |
Rate-hike selloffLate 2018 | -18.97%Oct 2018 | 9mo 7d | 9mo 5d | 1y 6moJan 2018 - Aug 2019 |
2012 correction2012 | -13.69%Jun 2012 | 27d | 2mo 3d | 3moMay 2012 - Aug 2012 |
Drawdown Indicators
| BWG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -56.78% | +21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -9.10% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -18.90% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -34.10% | -25.43% | -8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.27% | -33.92% | -0.35% |
Current DrawdownCurrent decline from peak | -4.00% | -1.80% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -10.71% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.03% | +1.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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