By choosing a path, you are agreeing to our Terms & Conditions for this service.

Legg Mason US$ Core Bond Fund

Print | Adjust Font Size

About The Fund

Investment Aim

The Fund seeks to maximise returns mainly through investments in investment grade US dollar-denominated fixed income instruments, but can also hold non-US dollar or lower quality securities, including securities of emerging market countries. The investment manager seeks to hedge the currency exposure of non-US dollar denominated securities back to the US dollar.

Performance Benchmark

Citigroup US Broad Investment Grade Treasury/Government Sponsored/Corporate 1-10 Year Index

Invests principally in US investment grade bonds.
Managed by one of the world's largest fixed income managers.

About the Investment Strategy

The Fund is invested across major fixed-income sectors with a bias towards higher quality US dollar-denominated fixed income sectors such as government, investment grade corporate bonds, and mortgage-backed securities. On an opportunistic basis, the Fund invests in US dollar denominated emerging market bonds may also invest in non-US dollar or lower quality securities, including securities of emerging market countries.
The investment manager's primary emphasis is on non-government bond sectors such as corporates and mortgages with the belief that over time these sectors offers attractive risk-adjusted total returns.
The Fund aims to maintain an average credit quality of the Fund's portfolio is AA.
The Fund had moderately lower duration risk due to the medium term nature of its benchmark.
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.

About the Investment Team

Founded in 1971, Western Asset Management has decades of experience in fixed income investing 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. Western Asset Management's philosophy is to provide diversified, tightly controlled, value-oriented portfolios through a focus on long-term fundamental value investing and by applying multiple diversified strategies.

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. 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 FCP (Luxembourg), which describe the full risk factors associated with this Fund.