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Managed Fund Since 2016
Fixed Income
BWG BrandywineGLOBAL - Global Income Opportunities Fund Inc.
Popular Documents
Overview
Fund Facts
Fund description
Offers investors a leveraged global, flexible portfolio that targets sovereign debt of developed and emerging market countries, U.S. and non-U.S. corporate debt, mortgage backed securities and currency exposure. Seeks current income with a secondary investment objective of capital appreciation. Uses a macro, value-oriented approach to invest across countries, currencies and credits.
- Fund Inception Date
- 03/28/2012
- Total Net Assets
As of 09/30/2026 (Updated Monthly) - $134.91 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
5 - Global Bond
- Asset Class
- Fixed Income
Identifiers
- Ticker
- BWG
- NAV Symbol
- XBWGX
- CUSIP Code
- 10537L104
Average Annual Total Returns As of 08/31/2026
- -0.45%1 Year
- 10.17%3 Years
- 1.34%5 Years
- 3.73%10 Years
- 2.95%Since Inception
03/28/2012
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Geographic Focus
As of 09/30/2026 - Market Value % of Total (Updated Monthly)
United States64.86% | |
Mexico7.70% | |
Brazil7.22% | |
Colombia4.97% | |
Egypt4.21% |
Additional Fund Info
- Listing Exchange
- NYSE - XNYS
- Fiscal Year End
- October 31
- Benchmark
- Bloomberg Global Aggregate
- Lipper Classification
- Global Income Funds
- Investment Style
- Government
Trading Characteristics
- Shares Outstanding
- 16,791,836
Manager
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Commentary Highlights
June 30, 2026- Markets: The global fixed income market was choppy during the second quarter, but posted a modest gain. There was no shortage of factors that impacted investor sentiment, including the war in Iran and on-again/off-again signs of resolution, falling oil prices as the Strait of Hormuz partially opened, and expectations that elevated inflation may spur central banks to tighten monetary policy. In the U.S., yields moved higher over the quarter, despite falling in June.
- Contributors : Exposure to the Egyptian pound was the largest contributor as U.S. – Iran peace talks commenced, pushing oil prices down. U.S. corporate credit and agency mortgage-backed security (MBS) exposure was beneficial as spreads narrowed. Select emerging market duration also contributed.
- Detractors : Performance was weighed down by an underweight to Chinese government bonds, as weak domestic demand and slowing credit growth pushed yields lower. Overall, detractors were limited over the quarter.
- Outlook : The global macro backdrop remains volatile but resilient, as lower energy prices have eased inflation and growth risks while steady demand, stabilizing labor markets, broadening corporate spending, and AI-related investment continue to support expansion, though cautious central banks and a potentially narrowing U.S. growth advantage may limit further bond and dollar strength.
Franklin Templeton Fixed Income
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Managed Fund Since 2025
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Managed Fund Since 2020
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Managed Fund Since 2020
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Managed Fund Since 2026
Latest Insights
October 6, 2026
October 5, 2026
October 2, 2026
September 21, 2026
Performance
Average Annual Total Returns
As of 08/31/2026
Selected Month August 2026
BrandywineGLOBAL - Global Income Opportunities Fund Inc. - Market Price (%)
Month End
As of 08/31/2026
- 1 Year
- -0.45
- 3 Years
- 10.17
- 5 Years
- 1.34
- 10 Years
- 3.73
- Since Inception(03/28/2012)
- 2.95
BrandywineGLOBAL - Global Income Opportunities Fund Inc. - NAV (%)
Month End
As of 08/31/2026
- 1 Year
- 1.38
- 3 Years
- 7.84
- 5 Years
- 0.69
- 10 Years
- 2.33
- Since Inception(03/28/2012)
- 2.90
Bloomberg Global Aggregate (%)
Month End
As of 08/31/2026
- 1 Year
- 0.60
- 3 Years
- 3.62
- 5 Years
- -1.74
- 10 Years
- 0.34
- Since Inception(03/28/2012)
- 0.74
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Geographic Allocation
As of 09/30/2026 - Market Value % of Total (Updated Monthly)
| Geography | Fund |
|---|---|
United States | 64.86% |
Mexico | 7.70% |
Brazil | 7.22% |
Colombia | 4.97% |
Egypt | 4.21% |
Argentina | 3.20% |
Canada | 2.99% |
Chile | 1.79% |
Malaysia | 1.07% |
United Kingdom | 0.87% |
Australia | 0.46% |
Luxembourg | 0.39% |
Peru | 0.28% |
Euro | 0.00% |
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 11.76%
At Market Price 13.79%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
11/20/2026
10/23/2026
09/23/2026
08/24/2026
07/24/2026
06/23/2026
05/21/2026
04/23/2026
03/24/2026
02/20/2026
01/23/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 10/07/2026 (Updated Daily)
Daily Fund Prices
As of 10/07/2026
Share Prices
As of 10/07/2026
52-Week Range
- Highest NAV
As of 10/16/2025 - $9.31
- Lowest NAV
As of 10/01/2026 - $7.99
- Highest Market Price
- $8.73
- Lowest Market Price
- $6.86
Premium / Discount
As of 10/07/2026
- Avg. of Market Price vs. NAV at Close
- -14.71%
Press Releases
09/30/2026
09/28/2026
08/31/2026
08/05/2026
07/31/2026
06/30/2026
05/29/2026
05/14/2026
04/30/2026
04/29/2026
Documents
Fund Literature
Factsheet - BrandywineGLOBAL - Global Income Opportunities Fund Inc.
Product Commentary - BrandywineGLOBAL - Global Income Opportunities Fund Inc.
Brochure - Closed-End Funds Product Guide
Regulatory Documents
Annual Report - BrandywineGLOBAL Global Income Opportunities Fund Inc.
Semi-Annual Report - BrandywineGLOBAL - Global Income Opportunities Fund Inc.
Policy and Procedures - Audit Committee Charter
Policy and Procedures - Compensation Committee Charter
Policy and Procedures - Nominating Committee Charter February 2024
RIT, ESD, SBW, BWG - Section 19 Notice as of May 29, 2015
Fiscal Q1 Holdings - BrandywineGLOBAL - Global Income Opportunities Fund Inc.
Fiscal Q3 Holdings - BrandywineGLOBAL - Global Income Opportunities Fund Inc.
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. Leverage increases the volatility of investment returns and subjects investments to magnified losses and a decline in value. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The Bloomberg Global Aggregate Index is a global investment-grade debt index including treasury, government-related, corporate and securitized fixed-rate bonds.
Source: Bloomberg Indices.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.