BWG - BrandywineGLOBAL-Global Income Opportunities Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Nov 22, 2024

   The fund said it will repay some borrowed money.

   Original document →

About this fund

• Run by Franklin Templeton Fund Adviser, LLC. Part of the Franklin Templeton fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $149 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 41% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 24% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.4% a year in management fees; 4.6% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.96 a share. $0.82 of that was income; $0.14 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $9.15. The shares traded at $8.48, about 7.3% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 3.5% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +10.5%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +10.7%. How the share price did: the shares returned +12.8% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2010.

What the fund holds

Mostly bonds (71%), the rest asset-backed bonds, mortgage bonds and cash and short-term holdings. About 63% issued in the U.S.

1.7% of holdings are in default.

1. Brazil, Federative Republic of - Secretaria Do Tesouro Nacional, Bntnf 10 01/01/31 Ntnf - 8.4%
2. Cash and short-term - 7.7%
3. United Mexican States - Secretaria de Hacienda Y Credito Publico, Mbono 8 11/07/47 M - 5.5%
4. Colombia, Republic of - Ministero de Hacienda Y Credito Publico, Colom 8 04/20/33 - 4.9%
5. United Mexican States - Secretaria de Hacienda Y Credito Publico, Mbono 8 07/31/53 M - 4.7%
6. Bank of America, Bac 7.75 05/14/38 - 4.3%
7. Multifamily Connecticut Avenue Securities Trust 2023-01, Mcas 2023-01 M10 - 3.9%
8. Brazil, Federative Republic of - Secretaria Do Tesouro Nacional, Bntnf 10 01/01/35 Ntnf - 3.7%
9. Grubhub Holdings, Grub 13 07/31/30 144A - 3.3%
10. Egypt, Arab Republic of - Ministry of Finance, Egytb 0 07/14/26 364D - 3.2%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →