By choosing a path, you are agreeing to our Terms & Conditions for this service.

Legg Mason Western Asset Diversified Strategic Income Fund

Print | Adjust Font Size

About The Fund

Investment Aim

The Fund seeks to provide a high level of current income by investing primarily in a diversified bond portfolio, including US government, mortgage-related and asset-backed securities, US and foreign high yielding corporate securities and foreign government securities of developed nations.

Performance Benchmark

Citi 1 Month US Treasury Bill Index

Invests across global fixed income markets with a bias towards more developed countries.
Managed by one of the world's largest fixed income managers.

About the Investment Strategy

The Fund is invested across global fixed income markets with a bias towards more developed countries.
A low duration is targeted to meet the high current income objective while at the same time dampening return volatility. Duration measures a portfolio's sensitivity to changes in interest rates.
Portfolio holdings are diversified across fixed income sectors, including government securities, both investment and non-investment grade corporate bonds, and mortgage-backed securities.
Additional diversification is achieved across issuers, currencies and maturities within each fixed income sector to minimise volatility.
The Fund aims to maintain an average credit quality of A+.

About the Investment Team

Founded in 1971, Western Asset Management has decades of experience 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. Its expertise extends globally across major bond markets.

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.