BW Global Income Opportunities Fund raises below-investment-grade cap to 55% of assets
The fund's board approved a change to a non-fundamental investment policy, raising the limit on below-investment-grade securities from 35% to 55% of assets, and added Anujeet Sareen to the portfolio management team effective February 10, 2017. The filing says the change is meant to give sub-adviser Brandywine more flexibility to manage duration and add income, while the fund's objectives and principal strategy stay the same. Higher-yield, lower-rated holdings carry greater risk of loss for shareholders.
Key points
- Maximum below-investment-grade holdings raised from 35% to 55% of assets, effective February 13, 2017
- Anujeet Sareen joined the portfolio management team effective February 10, 2017; he joined Brandywine in 2016 after 22 years at Wellington Management
- Fund's primary objective (current income) and 80% global fixed-income investment requirement are unchanged
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 13, 2017.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.