BrandywineGLOBAL - Alternative Credit Fund (LMAMX)
The investment seeks to provide positive returns independent of market cycles through a high level of income and capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by taking a flexible, long and short global credit approach. It will rotate amongst the global credit opportunities (long or short) that the subadviser finds most attractive and navigate the credit quality spectrum throughout the different phases of the business cycle. The fund also has the flexibility to hedge or increase exposure to certain risks based on the subadviser's macroeconomic views. The fund is non-diversified.
Fund Info
| ISIN | US52471E8113 |
|---|---|
| Issuer | Legg Mason |
| Inception Date | Dec 1, 2013 |
| Category | Nontraditional Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
LMAMX has a high expense ratio of 1.25%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BrandywineGLOBAL - Alternative 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 - Alternative Credit Fund had a return of 2.47% year-to-date (YTD) and 0.84% in the last 12 months. Over the past 10 years, BrandywineGLOBAL - Alternative Credit Fund had an annualized return of 2.58%, while the S&P 500 had an annualized return of 10.33%, indicating that BrandywineGLOBAL - Alternative Credit Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.47% | 5.21% |
| 1 month | -0.22% | -4.30% |
| 6 months | 4.93% | 18.42% |
| 1 year | 0.84% | 21.82% |
| 5 years (annualized) | 1.53% | 11.27% |
| 10 years (annualized) | 2.58% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.89% | 0.55% | 1.34% | -0.33% | ||||||||
| 2023 | 0.57% | -0.23% | 2.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LMAMX is 16, indicating that it is in the bottom 16% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
BrandywineGLOBAL - Alternative Credit Fund(LMAMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BrandywineGLOBAL - Alternative Credit Fund (LMAMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BrandywineGLOBAL - Alternative Credit Fund granted a 6.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.55 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.51 | $0.25 | $0.42 | $0.46 | $0.36 | $0.26 | $0.43 | $0.03 | $0.81 | $0.48 |
Dividend yield | 6.09% | 5.75% | 2.55% | 4.16% | 4.53% | 3.49% | 2.55% | 4.09% | 0.32% | 8.65% | 4.56% |
Monthly Dividends
The table displays the monthly dividend distributions for BrandywineGLOBAL - Alternative 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 |
| 2020 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.25 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.05 |
| 2017 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 |
| 2016 | $0.02 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.59 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.36 |
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 - Alternative 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 - Alternative Credit Fund was 20.51%, occurring on Apr 9, 2020. Recovery took 271 trading sessions.
The current BrandywineGLOBAL - Alternative Credit Fund drawdown is 3.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.51% | Mar 10, 2020 | 23 | Apr 9, 2020 | 271 | May 7, 2021 | 294 |
| -8.5% | Jan 26, 2022 | 428 | Oct 9, 2023 | — | — | — |
| -7.97% | Mar 17, 2015 | 231 | Feb 12, 2016 | 143 | Sep 7, 2016 | 374 |
| -3.23% | Oct 25, 2016 | 15 | Nov 14, 2016 | 33 | Jan 3, 2017 | 48 |
| -2.57% | Oct 13, 2014 | 51 | Dec 23, 2014 | 55 | Mar 16, 2015 | 106 |
Volatility
Volatility Chart
The current BrandywineGLOBAL - Alternative Credit Fund volatility is 0.85%, 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.