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About BrandywineGLOBAL - U.S. Fixed Income ETF
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Inception date
Jul 25, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Franklin Advisers, Inc.
Distributor
Franklin Distributors LLC
USFI's diverse portfolio focuses on the broad USD-denominated, investment grade fixed income space. The fund consists of mortgage- and asset-backed securities, municipal and corporate bonds, convertibles and non-convertibles, bankers acceptance, deposit certs, and commercial papers. Additionally, the fund includes derivatives in its main strategy, principally U.S. Treasury futures and credit default swaps. The fund has no maturity limit but takes an active approach to duration management, aiming to maintain a dollar-weighted average portfolio duration of 1 to 10 years. In seeking total return, the fund targets underrated securities through its value-oriented approach. The selection process combines top-down macroeconomic analysis and bottom-up fundamental research to gain geopolitical and demographic insights. The fund actively trades and may invest in CLOs, cash, and cash equivalents as well as derivatives to enhance returns, increase liquidity, and/or hedge risks.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Securitized
Bonds, Cash & Other100.00%
Government52.35%
Securitized34.64%
Corporate8.48%
Mutual fund2.79%
Cash1.74%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USFI invests in bonds. The fund's major sectors are Government, with 52.35% stocks, and Securitized, with 34.64% of the basket. The assets are mostly located in the North America region.
USFI top holdings are Government of the United States of America FRN 30-APR-2027 and United States Treasury Notes 3.875% 15-AUG-2034, occupying 13.72% and 11.31% of the portfolio correspondingly.
USFI last dividends amounted to 0.10 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 12.06% increase.
USFI assets under management is 12.19 M USD. It's risen 0.66% over the last month.
USFI fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, USFI pays dividends to its holders with the dividend yield of 4.54%. The last dividend (Aug 6, 2025) amounted to 0.10 USD. The dividends are paid monthly.
USFI shares are issued by Franklin Resources, Inc. under the brand BrandywineGLOBAL. The ETF was launched on Jul 25, 2023, and its management style is Active.
USFI expense ratio is 0.39% meaning you'd have to pay 0.39% of your investment to help manage the fund.
USFI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USFI invests in bonds.
USFI price has risen by 1.13% over the last month, and its yearly performance shows a −0.40% decrease. See more dynamics on USFI price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.47% increase in three-month performance and has increased by 1.46% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.47% increase in three-month performance and has increased by 1.46% in a year.
USFI trades at a premium (0.37%) meaning the ETF is trading at a higher price than the calculated NAV.