BrandywineGLOBAL - U.S. Fixed Income ETF
$23.96−0.10 (−0.39%)
History starts Jul 27, 2023.
- Expense ratio
- 0.39%
- Fund size
- $10M
- 1Y return
- +1.2%
- Yield · Last 12 months
- 4.41%
- Holdings
- 60
- Volume · 30D
- 0M sh
- NAV per share
- $23.97
- 52W range
The ETF.net USFI Grade
Score 41 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 36Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 71Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 1Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 31Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 29Category rank
Our read on USFI
DThe core bond aisle is stacked with index funds holding thousands of positions. USFI goes the other way: roughly 60 bonds, chosen by Brandywine Global's value-driven macro team, with duration as the main lever.
The Fund’s investment goal is total return.
Why people hold it
- Active duration is the whole point: top-down macro calls paired with bottom-up credit work, inside an investment-grade, US-dollar-denominated sleeve.franklintempleton.com
- Roughly 60 holdings, not thousands. A high-conviction book where individual bonds actually move the portfolio, which is a real departure from the aggregate index.
- Income lands monthly, and the strategy behind the wrapper is not new: Brandywine Global has run US fixed income institutionally since 1995 and opened its doors in 1986.franklintempleton.com
Worth knowing
- At 0.39%, it sits just above the core-bond median of 0.36% and well above index anchors like BND, SPAB and SCHZ at 0.03%. Manager judgment is what the extra buys.
- A small, thinly traded fund. Bid-ask spreads can run wider than the household names in the category, which matters most on larger orders.
- The mandate is total return, not index matching, so results can diverge from a plain aggregate bond fund in either direction.
USFI Holdings
- Bonds
- 60
- 64%
- US TREASURY FRN FRN 7/28
Geography
- United States100.00%
USFI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
USFI$10,118
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | USFI |
|---|---|
| Year to date | +0.2% |
| 1 month | −0.9% |
| 3 months | −0.8% |
| 1 year | +1.2% |
| 3 years | +4.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USFI |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +7.0% | |
| 2024 | +1.1% | |
| 2023 | +2.9% |
USFI in the news
USFI Dividends
- 4.41%
- $1.06
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.06 |
| Aug 3, 2026 | Aug 6, 2026 | $0.11 |
| Jul 1, 2026 | Jul 7, 2026 | $0.10 |
| Jun 1, 2026 | Jun 4, 2026 | $0.10 |
| May 1, 2026 | May 6, 2026 | $0.12 |
| Apr 1, 2026 | Apr 6, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.07 |
| Feb 2, 2026 | Feb 5, 2026 | $0.07 |
| Dec 19, 2025 | Dec 24, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.10 |
| Oct 1, 2025 | Oct 6, 2025 | $0.08 |
USFI Risk
- 7.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.02
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.30
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USFI Cost
0.39%
USFI0.39%
- The middle half of US Aggregate Bond funds
- Median 0.34%
65 of the 112 US Aggregate Bond funds charge less.