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Western Asset Diversified Strategic Income Bond Fund

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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

Citigroup 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.
Standard & Poor's fund management rating: A.

About the Investment Strategy

The Fund is invested across global fixed income markets with a bias towards more developed countries, and excludes emerging markets.
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

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. Please refer to the offering document for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund