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Legg Mason Western Asset Global High Yield 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, 20% JP Morgan Emerging Markets Bond Index Global.

Invests principally in high yield debt issued by US and international companies.
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

Fact Sheet

Annual Report

Semi-Annual Report

Summary Prospectus


		The Fund may invest up to 100% of its NAV in mortgage related securities, including mortgage-backed securities (MBS), stripped securities and asset-backed securities (ABS), which can involve material additional risks, e.g. counterparty default risk, and may expose the Fund to significant losses.

		Investors should read and understand the Fund’s most current offering document, including details of risk factors relevant to the Fund and, in particular, the risk of investments in the securities of emerging markets issuers, MBS, stripped securities, ABS and derivatives, before making an investment in the Fund.

		An investment in the Fund may not be suitable for all investors. The investment decision is yours but you should not invest in the Fund unless the intermediary who sells it to you has advised you that it is suitable for you and has explained why, including how buying it would be consistent with your investment objectives.