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Managed Fund Since 2010
Equity
LBWAX BrandywineGLOBAL - Diversified US Large Cap Value Fund
Popular Documents
Total Net Assets
$92.50M
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks long-term capital appreciation by investing at least 80% of its assets in stocks of large-cap companies. Targets securities that managers believe are undervalued or out of favor and meet their value criteria based on both quantitative and fundamental analysis. Offers diversification across market sectors.
- Benchmark
4 - Russell 1000 Value Index
- Fund Inception Date
- 09/07/2010
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 75%
Identifiers
- Ticker
- LBWAX
- Fund Number
- 7014
- CUSIP Code
- 524686789
Average Annual Total Returns As of 10/31/2025
Class A
- 4.65%1 Year
- 10.82%3 Years
- 14.58%5 Years
- 9.61%10 Years
- 11.24%Since Inception
09/07/2010
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 09/07/2010
- Investment Style
- Value
- Lipper Classification
- Multi-Cap Value Funds
- Morningstar Category
- Large Value
Manager and Commentary
About the Team
BrandywineGLOBAL
Acting with conviction and discipline, Brandywine Global looks beyond short-term, conventional thinking to rigorously pursue long-term value across differentiated fixed income, equity and alternative solutions.
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Managed Fund Since 2010
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Managed Fund Since 2010
Latest Brandywine Global Insights
October 7, 2025
September 1, 2025
July 9, 2025
Performance
Average Annual Total Returns
As of 10/31/2025
Selected Month October 2025
Class A - With Sales Charge (POP) (%)
Month End
As of 10/31/2025
Class A - Without Sales Charge (NAV) (%)
Month End
As of 10/31/2025
Russell 1000 Value Index (%) 4
Month End
As of 10/31/2025
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. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $92.50 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 238
- Benchmark
- 870
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Book
- Fund
- 3.02x
- Benchmark
- 4.24x
- Fund
- 14.14x
- Benchmark
- 18.41x
- Fund
- $183.00 Billion
- Benchmark
- $336.85 Billion
- Fund
- $99.25 Billion
- Benchmark
- $117.78 Billion
- Fund
- 15.81x
- Benchmark
- 20.64x
Sector Allocation
As of 10/31/2025 Equity as a % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 30.31% | 21.89% |
Health Care | 17.78% | 11.92% |
Industrials | 8.91% | 13.24% |
Information Technology | 7.21% | 11.36% |
Communication Services | 7.02% | 8.15% |
Energy | 6.81% | 5.84% |
Consumer Discretionary | 6.59% | 7.67% |
Consumer Staples | 6.05% | 7.29% |
Materials | 3.46% | 3.94% |
Utilities | 3.38% | 4.62% |
Other | 1.95% | — |
Real Estate | 0.13% | 4.08% |
Holdings
As of 10/31/2025 (Updated Monthly)
JPMorgan Chase & Co.
Johnson & Johnson
Exxon Mobil Corp
Bank Of America Corp
Cisco Systems, Inc.
Morgan Stanley
Wells Fargo & Co
Qualcomm Inc
The Goldman Sachs Group, Inc.
The Walt Disney Company
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
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
12/10/2025
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 or statement of additional information for specific information regarding distributions.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - BrandywineGLOBAL - Diversified US Large Cap Value Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - BrandywineGLOBAL Diversified US Large Cap Value Fund - Class A | |||
| Annual Financial Statements and Other Information - BrandywineGLOBAL Diversified US Large Cap Value Fund | |||
| Semi-Annual Report - BrandywineGLOBAL - Diversified US Large Cap Value Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - BrandywineGLOBAL - Diversified US Large Cap Value Fund | |||
| Prospectus - BrandywineGLOBAL Diversified US Large Cap Value Fund | |||
| Summary Prospectus - BrandywineGLOBAL Diversified US Large Cap Value Fund | |||
| Statement of Additional Information - Legg Mason Partners Income Trust Book 16 | |||
| Fiscal Q1 Holdings - BrandywineGLOBAL - Diversified US Large Cap Value Fund | |||
| Fiscal Q3 Holdings - BrandywineGLOBAL - Diversified US Large Cap Value Fund |
Additional Resources
| Name | Download | Add to Cart | |
|---|---|---|---|
| Brandywine Global: Winner of Institutional Investor's 3rd Annual U.S. Investment Management Awards for Global Fixed Income |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. 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. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
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.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe.
Source: FTSE.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.