BrandywineGLOBAL - Global Unconstrained Bond Fund (LROIX)

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The chart shows the growth of an initial investment of $10,000 in BrandywineGLOBAL - Global Unconstrained Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BrandywineGLOBAL - Global Unconstrained Bond Fund (LROIX) has returned -0.31% so far this year and 6.93% over the past 12 months. Over the last ten years, LROIX has returned 2.34% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 28, 2011, LROIX's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +5.6%, while the worst month was Mar 2020 at -5.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.

On a daily basis, LROIX closed higher 45% of trading days. The best single day was Nov 14, 2023 with a return of +2.2%, while the worst single day was Mar 12, 2020 at -2.1%.

BrandywineGLOBAL - Global Unconstrained Bond Fund has an annualized alpha of 1.21%, beta of 0.11, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since March 01, 2011.

• This fund participated in 31.09% of S&P 500 Index downside but only 21.74% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.11 may look defensive, but with R² of 0.12 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 0.12 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.

LROIX has an expense ratio of 0.85%, placing it in the medium range.

LROIX ranks 95 for risk / return — in the top 95% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for BrandywineGLOBAL - Global Unconstrained Bond Fund (LROIX) and compare them to a chosen benchmark (S&P 500 Index).

BrandywineGLOBAL - Global Unconstrained Bond Fund provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.46 per share.

The table displays the monthly dividend distributions for BrandywineGLOBAL - Global Unconstrained Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the BrandywineGLOBAL - Global Unconstrained Bond 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 Unconstrained Bond Fund was 14.54%, occurring on Mar 20, 2020. Recovery took 114 trading sessions.

The current BrandywineGLOBAL - Global Unconstrained Bond Fund drawdown is 1.07%.

The chart below shows the rolling one-month volatility.