{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/brandywine/global-opportunistic-equity/", "fetchedAt": "2026-05-31T11:33:04.070Z", "fund": { "slug": "global-opportunistic-equity", "name": "Brandywine Global Opportunistic Equity Fund", "managerSlug": "brandywine", "category": "international-equities", "riskProfile": "growth", "isPie": true, "isEtf": null, "ticker": null, "isHedged": null, "isResponsibleInvestment": null, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "brandywine", "name": "Brandywine", "legalName": "Brandywine Global Investment Management", "parent": "Franklin Templeton", "website": "https://www.brandywineglobal.com", "hq": "Philadelphia" }, "category": { "slug": "international-equities", "name": "International Equities", "shortName": "International Equities" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "BRANDYWINE GLOBAL OPPORTUNISTIC EQUITY FUND", "sortedManager": "FUNDROCK NZ LIMITED fundrock.com", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH12302/OFR12303/FND56046/", "fetchedAt": "2026-05-22T03:11:21.415Z", "source_doc": "sorted/SCH12302/OFR12303/FND56046", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH12302/OFR12303/FND56046/", "source_tier": "C", "riskIndicator": 5, "annualFundChargePct": 0.93, "peerAvgFeePct": 0.91, "fiveYearReturnPct": null, "peerAvg5YearReturnPct": 4.91, "fiveYearReturnNote": "Less than 5 years of data", "growthAssetsPct": 98.31, "incomeAssetsPct": 1.69, "fundSizeNzd": 410304030, "pdsUrl": "/disclose-document/2cce698802dcaa7a/20260401---Franklin-Templeton-Investment-Funds---PDS.pdf", "strategySummary": "“\n The Equity Fund will invest into an underlying fund that holds an actively managed portfolio of global equity and equity-related securities such as convertible securities (excluding contingent convertible securities), warrants, American depositary receipts (ADRs), global depositary receipts (GDRs), and preferred stock, including from emerging market issuers. 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They thrive in a culture of debate that encourages ideas, respects diverse viewpoints, and invites candid discussion.", "responsible_investment_approach": null, "derivatives_policy": "Derivatives including forwards, futures, options, mortgage derivatives, structured notes, and swaps may be used to obtain or reduce exposure to securities, markets, or currencies, to manage cash flows, or to facilitate timely exposure to securities. Use of derivatives may result in a Fund being leveraged if not backed by cash, cash equivalents, or securities.", "rebalancing_policy": "Benchmark asset allocation ranges are monitored on a daily basis; if exposures move outside those ranges, remedial action will be undertaken as soon as reasonably practicable and is normally expected to be completed within 5 working days after the Manager becomes aware, with progressive rebalancing if market disruption, illiquidity or other trading constraints prevent timely correction.", "currency_hedging_policy": "The Income Fund requires a minimum of 75% of the portfolio to be denominated in and/or hedged into New Zealand dollars, with currency positions also able to be cross hedged. 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The Equity Fund intends to achieve its investment objective by investing substantially all its assets in the New Zealand dollar share class of the FTGF Brandywine Global Opportunistic Equity Fund." }, "_match": { "score": 1, "extractFundName": "Brandywine Global Opportunistic Equity Fund", "ourFundName": "BRANDYWINE GLOBAL OPPORTUNISTIC EQUITY FUND" }, "_provenance": { "scheme_id": "SCH12302", "doc_type": "sipo", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/ce4a2eb1bfe27c93/20260401---Franklin-Templeton-Investment-Funds---SIPO.pdf", "source_doc_date": "2026-03-27", "source_tier": "A", "pdf_hash": "5c4f12726db87f0a6f0b763627a9f694f2848e9a00780fc05114e58b9dc0cd3a", "extracted_at": "2026-05-28T00:08:44.880Z" } }, "omiExtract": { "_provenance": { "scheme_id": "SCH12302", "doc_type": "omi", "source_doc_url": "https://smartinvestor.sorted.org.nz/disclose-document/f806b971940d2e06/20260401---Franklin-Templeton-Investment-Funds---OMI.pdf", "source_doc_date": "2026-03-27", "source_tier": "A", "pdf_hash": "1639693663f97847286c73a69b85b16b0f43c536af07816671022b2022d7aba6", "extracted_at": "2026-05-28T00:05:18.093Z" }, "scheme": { "scheme_name": "Franklin Templeton Investment Funds", "manager_name": "FundRock NZ Limited", "omi_version_date": "1 April 2026" }, "related_party_transactions": [ { "counterparty": "Apex Investment Administration (NZ) Limited", "relationship": "Both FundRock NZ Limited and Apex NZ are ultimately owned by Apex Group Limited (common ultimate parent)", "nature": "Registry services provided to the Scheme", "fee_or_rate": null }, { "counterparty": "Franklin Templeton International Services S.à r.l.", "relationship": "Affiliate of Investment Manager (Franklin Templeton Australia Limited)", "nature": "Management of Underlying Fund (FTGF Brandywine Global Opportunistic Equity Fund) into which Equity Fund assets are invested", "fee_or_rate": null } ], "conflicts_of_interest": [ "FundRock NZ Limited and the Scheme's registry manager Apex Investment Administration (NZ) Limited are ultimately owned by Apex Group Limited, which may influence FundRock to agree commercial terms with Apex NZ more favourable to Apex NZ than would otherwise be the case, benefiting Apex NZ at the expense of investors.", "The Investment Manager's association with other Franklin Templeton funds could influence it to invest the assets of the Funds into other Franklin Templeton funds instead of into direct assets or investment funds managed by third parties, potentially adversely affecting investors if those investments are not on arms' length terms or if direct/third-party investment would be more efficient.", "Parties related to the Funds, including staff of Franklin Templeton and their families and staff of FundRock and their families, may from time to time invest in the Funds." ], "fee_waivers": [ { "fund_name": null, "description": "We may waive or decrease the Annual Fund Charges without notice.", "expires": null }, { "fund_name": null, "description": "We may decrease or waive the management fee for any Fund at any time without notice.", "expires": null }, { "fund_name": null, "description": "We may, in our absolute discretion, rebate the buy and sell spread and/or Fund charges (which includes management fees) by agreement with an Investor or a group of Investors.", "expires": null } ], "performance_fee_mechanics": [], "material_risks_not_in_pds_summary": [ { "risk_name": "Fund risk", "description": "These are risks specific to the Funds. 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FundRock aims to ensure that all staff are highly qualified and capable of mitigating individual key personnel risk." }, { "risk_name": "Regulatory risk", "description": "This is the risk that domestic or international laws or regulations are changed adversely, or that regulatory supervision of transactions and reporting is performed by managers and their custodians at less than an appropriate standard." }, { "risk_name": "Derivative risk", "description": "Risks associated with investing in derivatives may include the value of the derivative failing to move in line with an underlying investment; potential illiquidity of the derivative; a Fund not being able to meet payment obligations as they arise; and counterparty risk (that is, where the counterparty to the derivative contract cannot meet its obligations under the contract). The use of derivatives may result in a Fund being leveraged, for example if this was not backed by cash, cash equivalents, or securities." }, { "risk_name": "Administration risk", "description": "This is the risk that instructions in relation to your investments in a Fund have not been accurately relayed or processed or that fraudulent instructions are acted upon. FundRock, the Investment Manager, and the Administration Manager will follow reasonable electronic instructions in good faith." }, { "risk_name": "Investment risk", "description": "The underlying investments of a Fund may fall in value. Franklin Templeton, as investment manager, aims to reduce investment risk by limiting exposure to any one investment and with careful analysis of and research into the management of the underlying investment prior to investing." }, { "risk_name": "Country market risk", "description": "Economic, technological, political, or legal conditions and market sentiment can lead to volatility in the value of investments and the overall level of liquidity in the market." } ], "tax_disclosures": [ "Each Fund has elected to be a PIE (Portfolio Investment Entity).", "As a Multi-Rate PIE, a Fund will allocate its taxable income to Investors and, where applicable, pay tax on allocated income on behalf of Investors for an Investor with a prescribed investor rate (PIR) of greater than zero.", "In the case of the Brandywine Global Opportunistic Fixed Income Fund, gains derived from fixed interest investments will generally be taxed on an accruals basis.", "In the case of the Brandywine Global Opportunistic Equity Fund, capital gains derived by PIEs in relation to New Zealand and most listed Australian companies are not subject to tax; investments in certain offshore equities are taxed under the Fair Dividend Rate (FDR) method, with a deemed annual return of 5% of the market value, prorated over the days that the particular equity is held during the year.", "If an Investor does not provide their PIR to FundRock they will automatically be taxed at the maximum default rate of 28%.", "If an Investor is not a New Zealand resident, the Investor's allocated income from a Fund will be taxed at 28%.", "The Equity Fund currently invests through an Underlying Fund; withholding tax or income received by the Underlying Fund is not recognised under New Zealand tax law and therefore cannot be utilised against any PIE tax liability related to investments in the Equity Fund.", "Under the FDR calculation, the benefit of tax deductibility of fees incurred within the Underlying Fund is minimal because of the dilution effect of calculating taxable income based on 5% of market value.", "Taxable income is attributed annually to 31 March, or at any time an Investor withdraws all or part of their investment from a Fund.", "If there is a tax loss or excess tax credits allocated to an Investor, these will generally be available to Investors with a PIR other than 0% in the form of a rebate, re-invested by purchasing Units or included in net proceeds on full withdrawal.", "Investors will not pay tax on distributions (if any) paid to Investors from the Funds.", "The indemnity for the Manager and Supervisor covers personal liability including PIE tax incurred by or on behalf of the Funds." ], "trustee_supervisor": "Public Trust", "auditor": "PricewaterhouseCoopers", "custodian": "BNP Paribas Fund Services Australasia Pty Limited", "source_paragraphs": [ "Both we and the Scheme's registry manager, Apex Investment Administration (NZ) Limited, are ultimately owned by Apex Group Limited. This common ownership may influence us to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case.", "The Investment Manager's association with the other Franklin Templeton funds could influence it to invest the assets of the Funds into other Franklin Templeton funds instead of into direct assets or investment funds managed by third parties.", "The Equity Fund currently invests through an Underlying Fund. The Underlying Fund may have foreign withholding tax deducted from income that it receives. However, withholding tax or income received by the Underlying Fund is not recognised under New Zealand tax law and therefore cannot be utilised against any PIE tax liability related to investments in the Equity Fund." ], "_match": { "schemeId": "SCH12302", "ourFundName": "BRANDYWINE GLOBAL OPPORTUNISTIC EQUITY FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Brandywine%20Global%20Opportunistic%20Equity%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH12302/OFR12303/FND56046/", "productDisclosureStatement": "/disclose-document/2cce698802dcaa7a/20260401---Franklin-Templeton-Investment-Funds---PDS.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/2cce698802dcaa7a/20260401---Franklin-Templeton-Investment-Funds---PDS.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/ce4a2eb1bfe27c93/20260401---Franklin-Templeton-Investment-Funds---SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/f806b971940d2e06/20260401---Franklin-Templeton-Investment-Funds---OMI.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }