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LFLAX and LFLIX are two share classes of the small ($17M) that appears to exhibit a low risk high return profile (mostly US Corp debt). Anyone heard of the fund?
Also, I would like to avoid the $50 TF for the lower ER share class (LFLIX) when purchasing at TD Ameritrade...any thoughts?
Based on the filing, it was previously an institutional class fund.
Excerpt:
This fund is the successor to an institutional account (the “Predecessor”). The performance prior to May 31, 2016, in the accompanying bar chart and table is that of the Predecessor.
The fund was formerly Legg Mason BW Global Flexible Income Fund.
"The Predecessor was an unregistered private fund, did not qualify as a regulated investment company for federal income tax purposes and did not pay dividends or distributions." (from prospectus)
Comments
Based on the filing, it was previously an institutional class fund.
Excerpt:
This fund is the successor to an institutional account (the “Predecessor”). The performance prior to May 31, 2016, in the accompanying bar chart and table is that of the Predecessor.
The fund was formerly Legg Mason BW Global Flexible Income Fund.
https://www.sec.gov/Archives/edgar/data/1474103/000119312517331274/d473478d497.htm
Also, here is the Fact Sheet:
fact-sheet-bw-global-flexible-income.pdf
Note also that Legg Mason funds (including Brandywine) should be acquired by Franklin Templeton this quarter. Shareholders have approved this transaction.
https://ir.leggmason.com/file/Index?KeyFile=404021514