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Western Asset U.S. Money Market Fund

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About The Fund

Investment Aim

The Fund seeks to provide a reasonable level of income consistent with the preservation of capital through investments in high quality, short-term money market instruments denominated in US dollars.

Performance Benchmark

Citigroup 1 Month US Treasury Bill Index
 
  • Seeks to generate income while preserving capital.
  • Managed by one of the world's largest fixed income managers.
 
 
 

About the Investment Strategy

  • The Fund invests at least two thirds of its assets in high quality, short-term money market instruments, denominated in US dollars and originated by US issuers.
  • Value is added through credit selection, yield curve positioning, and duration management. Duration measures a portfolio's sensitivity to changes in interest rates.
  • Portfolio risk is controlled through investing in only the highest quality short-term instruments and limiting the maximum maturity of the instruments to 12 months.

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

pdf Fact Sheet
pdf Annual Report
pdf Semi-Annual Report
pdf 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. Please refer to the offering document for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund