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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 10537L104 (prev. 52469B100 )
- IPO
- 3/28/2012 · $20.00/share
- Previous Name
- Legg Mason BW Global Income Opportunities Fund, Inc.
Fund Description: BrandywineGLOBAL Global Income Opportunities Fund, formerly Legg Mason BW Global Income Opportunities Fund, Inc., is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BrandywineGLOBAL Global Income Opportunities Fund seeks to provide current income. As a secondary investment objective, the Fund will seek capital appreciation. FUND STRATEGY: The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its Managed Assets in global fixed-income securities. These may include, but are not limited to, sovereign debt of developed and emerging market countries, U.S. and non-U.S. corporate debt, mortgage-backed securities and currency exposure. The Fund may manage its currency exposure through the use of futures, forwards and other derivative instruments, for hedging and investment purposes. Managed Assets means the net assets of the Fund plus the principal amount of any borrowings by the Fund and assets attributable to any preferred stock issued by the Fund that may be outstanding. The Fund’s specific investments will shift as the Fund rotates among countries, credits and currencies to find the most attractive values over time. Under normal market conditions, no more than 35% of the Fund’s Managed Assets may be rated below investment grade (commonly known as high yield or junk) by a nationally recognized statistical rating organization or determined to be of comparable quality; provided however, that the quality of a security will be based on the highest rating it receives. FUND MANAGEMENT: Legg Mason Partners Fund Advisor, LLC, serves as the Fund’s investment manager. Brandywine serves as the Fund’s sub-adviser and will be responsible for the day-to-day portfolio management of the Fund subject to the supervision of the Fund’s Board of Directors and advisor.
Company Contact
- Headquarters
- 620 Eighth Avenue, 49th Floor, New York, NY 10018
- Phone
- 888-777-0102 · Toll-Free 800-822-5544
- Investor Relations
- Alan Magleby · 410-454-5246 · afmagleby@leggmason.com