Legg Mason Brandywine Global Enhanced Absolute Return
|Portfolio Manager||David Hoffman, Stephen Smith, Jack McIntyre, Anujeet Sareen|
|Fund AUM (GBP)||£300m|
|Fund AUM as of||16 September 2019|
|Fund Inception||15 August 2018|
|Fund Indices||AH Credit UCITS Index|
The Fund seeks to generate positive returns that are independent of market cycles, through income and capital appreciation, by investing at least 80% of its Net Asset Value in debt securities, convertible securities that can be exchanged into shares, investment funds, and financial contracts, which are listed or traded anywhere in the world. The Fund may take advantage of the entire range of maturities and durations when purchasing debt securities, and may adjust the average duration of the Fund's investments from time to time.The total weighted average duration of the Fund's investments will range between -10 and +10 years.