Positive
Seeking Alpha
3 months ago
BWG: Global Income CEF With Questionable Dividend Coverage
BrandywineGLOBAL – Global Income Opportunities Fund offers a high 10.8% yield and global fixed income exposure, appealing to income-focused investors. BWG trades at a smaller-than-average discount to NAV, but relies on net realized gains to support distributions, raising concerns about payout sustainability. The fund's aggressive leverage (29.6%) and significant exposure to below investment grade securities heighten risk, especially in volatile or rising rate environments.
