Fund Evaluator:
BrandywineGLOBAL Div US Large Value IS (LBISX)
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Fund Details
BrandywineGLOBAL Div US Large Value IS Overview
BrandywineGLOBAL Div US Large Value IS (LBISX) is an actively managed U.S. Equity Large Value fund. Franklin Templeton Investments launched the fund in 2010.
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, if any, in issuers domiciled, or having their principal activities, in the United States, at the time of investment or other instruments with similar economic characteristics. It invests primarily in equity securities that, in the subadviser's opinion, are undervalued or out of favor. The subadviser expects to hold approximately 175-250 stocks under normal market conditions.
About BrandywineGLOBAL Div US Large Value IS (LBISX)
There are 3 members of the management team with an average tenure of 15.80 years: Joseph Kirby (2010), Henry Otto (2010), Steven Tonkovich (2010). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. BrandywineGLOBAL Div US Large Value IS has 225 securities in its portfolio. The top 10 holdings constitute 27.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BrandywineGLOBAL Div US Large Value IS is part of the Equity global asset class and is within the U.S. Equity fund group. BrandywineGLOBAL Div US Large Value IS has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.9%. There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BrandywineGLOBAL Div US Large Value IS has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LBISX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BrandywineGLOBAL Div US Large Value IS expense ratio is above average compared to funds in the Large Value category. BrandywineGLOBAL Div US Large Value IS has an expense ratio of 0.71%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BrandywineGLOBAL Div US Large Value IS has a portfolio turnover rate of 57%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, BrandywineGLOBAL Div US Large Value IS returned 4.2%, which earned it a grade of B, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BrandywineGLOBAL Div US Large Value IS has a trailing yield of 1.85%, which is above the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BrandywineGLOBAL Div US Large Value IS Grades
Year to date, the fund has returned 16.5%, 2.2 percentage points better than the category, which translates into a grade of B. The fund has returned 28.1% over the past year (grade of B), 18.6% over the past three years (grade of A) and 12.8% per year over the past five years (grade of A) and 12.7% per year over the past 10 years (grade of A).
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LBISX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LBISX Return (NAV) | 4.2% | 8.2% | 28.1% | 18.6% | 12.8% | 12.7% |
| LBISX Grade | B | B | B | A | A | A |
| +/- Category | 1.3% | 2.0% | 4.3% | 2.9% | 1.9% | 1.4% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| LBISX Tax Cost Ratio | na | na | 3.2% | 2.3% | 2.7% | 2.5% |
LBISX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LBISX Return (NAV) | 16.5% | 17.3% | 18.7% | 7.5% | -1.5% | 30.0% | -1.3% | 25.8% | -8.9% | 20.1% | 14.3% |
| LBISX Grade | B | B | A | F | A | A | F | C | C | A | C |
| +/- Category | 2.2% | 2.2% | 4.6% | -4.3% | 4.5% | 4.2% | -5.2% | 0.1% | -0.4% | 3.7% | -0.3% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 12.2% |
| Total Risk Index: | 0.99 - Average |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (58% Rank) |
| Beta: | 0.65 |
| R-Squared: | 49% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $116 Mil |
| Fund Total Assets: | $ 14 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 57% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 15.9 years | |||
| Average Tenure: 15.8 years | |||
| Managers (Year): Otto Henry (2010), Tonkovich Steven (2010), Kirby Joseph (2010) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 225 |
| % in Top 10 Holdings: | 27.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.9% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 877-656-3863 |
| Website: | www.leggmason.com |
| Status: | Open |
| Inception Date: | September 7, 2010 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.71% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | BrandywineGLOBAL Div US Large Value IS |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
