Legg Mason Western Asset Euro Core Plus Bond Fund

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About The Fund

Investment Aim

The Fund seeks to maximise returns by investing principally in debt securities denominated in European currencies.

Performance Benchmark

Citigroup Euro Broad Investment Grade Index
 
  • Invests across all major fixed income markets with a bias towards higher quality European fixed income sectors.
  • Managed by one of the world's largest fixed income managers.
 
 
 

About the Investment Strategy

  • The Fund is invested across all major fixed income sectors with a bias towards higher quality European fixed income sectors, for example, mainly government securities, investment grade corporates and other sectors such as mortgage-backed bonds.
  • The Fund aims to maintain an average credit quality of AA.
  • Although the Fund can invest in securities issued in non-euro currencies, for example, US dollars, these securities would normally be hedged back to the euro.
    • Up to 10% of the Fund can be exposed to non-euro currencies.

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 Literature

Fact Sheet
Annual Report
Semi-Annual Report
Extract 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.