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Legg Mason 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 US Corporate High Yield - 2% Issuer Capped Index, 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: A.

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


		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.