SSB0515AU
Brandywine Global Dynamic Bond Fund
NAV
$0.9527
NAV Change
$0.0004
Entry Price
$0.9539
Exit Price
$0.9515
Overall Morningstar Rating
Rating Category: Unconstrained Fixed Income

Morningstar Style Box
| High | Quality | |||
|---|---|---|---|---|
| Medium | ||||
| Low | ||||
| LTD | MOD | EXT | ||
| Duration | ||||
Historical Morningstar Ratings
| Years | 3 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category | 80 |
| Years | 5 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category | 73 |
| Years | 10 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category |
Overview
- Fund Information
- Why Consider This Fund?
- Fund Availability
Fund Information
Investment Objective
The Fund’s investment objective is to maximise total return over a full market cycle through a combination of income and capital appreciation, with a secondary objective of downside protection.

See our fund rating disclaimers
Research reports are available for financial advisers/AFSL holders only. Please contact [email protected] for a copy.
Why Consider This Fund?
- The Fund invests in a diversified portfolio of global fixed income securities.
- A professional managed active portfolio, seeking the best global fixed income opportunities.
- Aims to limit downside risk by rotating risk across different sectors of the fixed income market and through tactical hedging of credit and interest rate risk.
The value of investments may go up and down, investment returns are not guaranteed, and investors may lose some of their money. The appropriate level of risk for each person is dependent on a range of factors including age, investment time frame and an investor's risk tolerance. For further information relating to the risks of the Fund, refer to the relevant Product Disclosure Statement.
This fund is only available to consumers who have received personal financial advice. This product is likely to be appropriate for a consumer seeking capital growth, income and capital preservation, to be used as a minor or core allocation within a portfolio where the consumer has at least 5 years investment timeframe, medium to high risk profile and needs access to capital within 10 Business Days.
Fund Availability
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Fund Information
Distributions
Charges
Identifiers
Fund Managers
JM
AS
BK
TC
RL
MA
Performance
- Annualised Performance
- Cumulative Performance
- Calendar Year Performance
Annualised Performance
Annualised Performance
Month End As of 31/05/2026 | 1 Year | 3 Years | 5 Years | Since Inception 04/05/2017 | |
|---|---|---|---|---|---|
| Class A (%) | 8.89 | 6.22 | 1.12 | 3.44 |
Month End As of 31/05/2026 | 1 Year | 3 Years | 5 Years | Since Inception | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|
| Class M (%) | 8.97 | 6.31 | 1.22 | 3.26 | 27/01/2020 |
Cumulative Performance
Cumulative Performance
Month End As of 31/05/2026 | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 04/05/2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A (%) | 2.39 | 1.00 | 1.32 | 3.12 | 8.89 | 19.83 | 5.73 | — | — | 35.97 |
Month End As of 31/05/2026 | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class M (%) | 2.40 | 1.01 | 1.33 | 3.14 | 8.97 | 20.15 | 6.24 | — | — | 22.61 | 27/01/2020 |
Calendar Year Performance
Calendar Year Performance
Month End As of 31/05/2026 | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | Since Inception | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A (%) | 2.39 | 8.46 | 3.36 | 6.66 | -13.54 | 0.90 | 15.12 | 8.95 | -1.33 | 04/05/2017 |
Month End As of 31/05/2026 | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | Since Inception | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|
| Class M (%) | 2.40 | 8.56 | 3.47 | 6.75 | -13.43 | 1.01 | 27/01/2020 |
Portfolio
Assets
Portfolio Statistics
Portfolio Allocations
- Geography
- Sector
- Currency
- Credit Quality
Geography
Geographic Allocation
Chart
| Fund | ||
|---|---|---|
| United States | 50.21% | |
| Mexico | 9.03% | |
| Brazil | 7.75% | |
| FX Forwards | 5.66% | |
| Argentina | 5.43% | |
| Colombia | 4.48% | |
| Canada | 3.19% | |
| United Kingdom | 2.49% | |
| Egypt | 1.69% | |
| Australia | 1.12% | |
| Panama | 1.07% | |
| Zambia | 0.77% | |
| Israel | 0.66% | |
| Peru | 0.54% | |
| Greece | 0.49% | |
| Switzerland | 0.48% | |
| Ecuador | 0.47% | |
| Chile | 0.47% | |
| Dominican Republic | 0.30% | |
| Cash & Cash Equivalents | 3.69% |
Sector
Sector Allocation
Chart
| Fund | ||
|---|---|---|
| Corporate Bond | 41.67% | |
| Government Sovereign | 19.17% | |
| Mortgage Backed Securities | 17.08% | |
| Currency Derivatives | 5.67% | |
| Government Owned - No Guarantee | 4.90% | |
| Asset-Backed Securities | 4.47% | |
| Bank Loan | 1.62% | |
| Collateralised Loan Obligation | 1.45% | |
| Government Regional Agencies | 0.16% | |
| Bond Futures | 0.07% | |
| Credit Default Swap | 0.03% | |
| Cash & Cash Equivalents | 3.69% |
Currency
Currency Exposure
Chart
| Fund | ||
|---|---|---|
| Australian Dollar | 99.72% | |
| Brazilian Real | 4.37% | |
| Egyptian Pound | 3.09% | |
| Mexican Peso | 3.03% | |
| Chilean Peso | 1.62% | |
| Colombian Peso | 0.25% | |
| British Pound | 0.03% | |
| Euro | 0.00% | |
| US Dollar | -12.12% |
Credit Quality
Credit Quality Allocation
Chart
| Fund | ||
|---|---|---|
| AAA | 1.25% | |
| A | 5.64% | |
| BBB | 29.05% | |
| BB | 30.94% | |
| B | 23.43% | |
| CCC | 4.80% | |
| C | 0.97% | |
| Cash & Cash Equivalents | 3.69% |
