Brandywine Global Announces Portfolio Management Team Update

David F. Hoffman will step down as a portfolio manager for Brandywine Global's Global Income Opportunities Fund on December 31, 2025. Paul Mielczarski will join the fund's portfolio management team on July 31, 2025. Hoffman will transition to an advisory role with Brandywine Global. The fund's portfolio management team will consist of six members after the changes.

Brandywine Global has announced significant changes to the portfolio management team of its Global Income Opportunities Fund (NYSE: BWG). Effective July 31, 2025, Paul Mielczarski will join the fund's portfolio management team. Concurrently, David F. Hoffman, CFA, will step down as a member of the portfolio management team and transition to an advisory role with Brandywine Global Investment Management, LLC. These changes will take effect on December 31, 2025 [1].

The current portfolio management team includes David F. Hoffman, Jack P. McIntyre, Brian L. Kloss, Anujeet Sareen, Tracy Chen, and Paul Mielczarski. After the changes, the team will consist of six members. Hoffman's departure marks a significant shift in the fund's leadership, but the addition of Mielczarski aims to maintain the fund's strategic direction and performance.

Franklin Resources, Inc., the parent company of Brandywine Global, has stated that these changes are part of its ongoing efforts to ensure the fund's continued success and alignment with market conditions. The fund's shares are traded on the New York Stock Exchange, and investors should be aware that share prices may fluctuate with market conditions [1].

The changes in the portfolio management team come at a time when Franklin Templeton, the parent company, has been actively expanding its ETF offerings in Canada. The company has announced cash distributions for various ETFs and ETF series, demonstrating its commitment to providing better client outcomes through investment management expertise [2].

Investors are encouraged to review the fund's prospectus and consult with financial advisors for detailed information about the fund's investment objectives, risks, fees, and expenses. The prospectus and ETF facts contain essential information that investors should carefully consider before making investment decisions.

References:
[1] https://www.stocktitan.net/news/BWG/brandywine-global-global-income-opportunities-fund-inc-nyse-bwg-the-jfu1flxnl0cu.html
[2] https://www.newswire.ca/news-releases/franklin-templeton-canada-announces-etf-cash-distributions-862248188.html