BrandywineGLOBAL - U.S. Fixed Income ETF
$23.69+0.03 (+0.12%)
- 0.39%
- $9M
- −0.9%
- 4.49%
- 0M sh
- $23.65
- low $23.52high $25.06
The ETF.net USFI Grade
C
Score 42 out of 100
- 97 of 117
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 68 of 117Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 89 of 101Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 39 of 116Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F2 out of 100Rank 116 of 117Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 91 of 116Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 100 of 117
Our read on USFI
CThe 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
- 67
- 57%
- Wi Tsy Note/Bo 4.625 8/36
Sectors
- Securitized50.0%
- Government44.2%
- Corporate5.8%
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.
Not enough history yet.Not enough history yet.
USFI$9,911
Returns run to the Oct 12, 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 | −1.0% |
| 1 month | −1.3% |
| 3 months | −2.1% |
| 1 year | −0.9% |
| 3 years | +5.3% |
| 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 | −1.0% | |
| 2025 | +7.0% | |
| 2024 | +1.1% | |
| 2023 | +2.9% |
USFI in the news
Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
Head-to-Head
iShares Core U.S. Aggregate Bond ETF and Vanguard Total Bond Market ETF have returned almost the same
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
USFI Dividends
- 4.49%
- $1.06
- $0.09 per share
- Monthly
Distribution history
USFI Risk
- 6.9%
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.
- 0.07
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%
64 of the 113 US Aggregate Bond funds charge less.
Other funds in US Aggregate Bond
- CDYNBHartford Dynamic Bond ETFExpense ratio 0.70%1 year return −1.8%
- CFCBDThe Advisors' Inner Circle Fund II - Frontier Asset Core Bond ETFExpense ratio 0.84%1 year return −0.1%
- DBAMBBrookstone Intermediate Bond ETFExpense ratio 0.95%1 year return −3.4%
- DCRXPColumbia Core Plus Bond ETFExpense ratio 0.48%1 year return —
- DWSDBWeitz Short Duration Bond ETFExpense ratio 0.45%1 year return —