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Western Asset Global High Yield Bond Fund

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About The Fund

Investment Aim

The Fund seeks to maximise returns, principally by investing in high yield bonds and related investments issued by US and foreign companies. A secondary objective is to generate high income.

Performance Benchmark

80% Citigroup High Yield Market Index and 20% JP Morgan Emerging Markets Bond Index Global (JPM EMBI Global).
 
  • Invests principally in high yield debt issued by US and international companies.
  • Focuses on higher quality bond issuers using rigorous credit analysis.
  • Managed by one of the world's largest fixed income managers.
 
 
 

About the Investment Strategy

  • The Fund is focused on non-investment grade corporate bonds denominated in US dollars.
  • Diversification is achieved by spreading portfolio investments across a wide range of bond issuers in different industry sectors and countries.
  • The Fund aims to maintain an average credit quality of B+.

About the Investment Team

Founded in 1971, Western Asset Management has decades of experience in fixed income investing and is now one of the world's largest managers of fixed income investments. Western Asset Management follows a team-focused approach comprising groups of specialists dedicated to all the major areas of the fixed income market. Western Asset Management's philosophy is to provide diversified, tightly controlled, value-oriented portfolios through a focus on long-term fundamental value investing and by applying multiple diversified strategies.

General Fund Literarture

pdf Fact Sheet
pdf Annual Report
pdf Semi-Annual Report
pdf Summary Prospectus
 
 
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. Investment in a fixed income fund does not include security of capital which is characteristic of a deposit with a bank or building society. The Fund may invest in 'non-investment grade' bonds, which carry a higher degree of default risk than 'investment grade' bonds and may have an increased potential to erode capital. The Fund may invest in emerging markets that may be less liquid and may have less reliable custody arrangements than mature markets and may involve a higher degree or risk. Please refer to the offering document for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund