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Western Asset Global Multi Strategy Fund

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About The Fund

Investment Aim

The Fund's objective is to maximise returns by investing primarily in a diversified bond portfolio that includes mortgage-related and asset-backed securities, investment grade US corporate bonds, US high yield, foreign government bonds of developed countries and emerging market bonds.

Performance Benchmark

50% Barclays Capital Global Aggregate Index. 25% Barclays Capital U.S. Corporate High Yield - 2% Issuer Capped Index (Lehman Brothers U.S. High Yield Index prior 01/12/2005). 25% JP Morgan EMBI + Index.

Invests across global fixed income markets, sectors and currencies in both developed and emerging market countries.
Managed by one of the world's largest fixed income managers.
Standard & Poor's fund management rating: AA.

About the Investment Strategy

The Fund is invested across global fixed income markets, sectors and currencies in both developed and emerging market countries.
The Fund's allocation among fixed income sectors is actively managed with a focus on sectors such as 'investment grade' and high yield corporate bonds, government bonds, asset-backed securities, and mortgage-backed securities.
As value investors, the investment manager may focus on sectors and issuers that are undervalued or out-of-favour in the market but have the potential to outperform.
The Fund aims to maintain an average credit quality of A-/A3.

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. 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