Fact sheet: LM WA EM Lcl Cur Dt

Fund information
Fund name
Legg Mason Western Asset EM Local Currency Debt A Inc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
No data available.
Fund objective
The Fund seeks to maximise total return, consisting of income and capital appreciation by investing at least two thirds of its Net Asset Value in Emerging Market Debt securities that are denominated in the local currency of the issuer.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.5%
Fund size
£135m (£27m last year)
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$38.1%
Pictet Lat Am Lcl Cur Dt34.7%
Schroder ISF EmgMktBd31.6%
Rubrics Ind Fxd Inc UCITS31.5%
Pioneer SICV-Emg Mkt Bd29.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Brazil16.7%
    Indonesia12.7%
    Money Market9.2%
    Malaysia7.7%
    South Africa7.5%
  • Non Investment Grade Bonds93.9%
    Cash & Cash Equivalents6.1%
  • Brazilian Fixed Interest16.7%
    Indonesian Fixed Interest12.7%
    Money Market9.2%
    Malaysian Fixed Interest7.7%
    South African Fixed Interest7.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.9%-6.9%-2.7%---
Sector-3.3%-3.7%1.6%7.8%1.1%6.9%
Rank within sector194 / 224188 / 223189 / 221---
Quartile4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund8.5%----
Sector9.4%-7.3%-0.6%-7%14.7%
Rank within sector108 / 218----
Quartile2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high113.9
52 week low96.01
Current bid price-
Current offer price-
Current mid price103.55
Region
1Brazil16.69%
2Indonesia12.65%
3Money Market9.23%
4Malaysia7.73%
5South Africa7.45%
6Colombia7.24%
7Turkey7.05%
8Mexico6.89%
9Poland6.86%
Industry sector
1Non Investment Grade Bonds93.9%
2Cash & Cash Equivalents6.1%
Asset type
1Brazilian Fixed Interest16.69%
2Indonesian Fixed Interest12.65%
3Money Market9.23%
4Malaysian Fixed Interest7.73%
5South African Fixed Interest7.45%
6American Emerging Fixed Interest7.24%
7Middle East & African Fixed Interest7.05%
8Mexican Fixed Interest6.89%
9Polish Fixed Interest6.86%
Individual holdings
1BRAZIL(FEDERATIVE REPUBLIC OF) 0% TB 01/01/19 BRL10007.41%
2MEXICO(UNITED MEXICAN STATES) 6.5% BDS 09/06/22 MXN1004.53%
3TURKEY(REPUBLIC OF) 8.8% BDS 27/09/23 TRY10004.36%
4BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL10004.23%
5BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/25 BRL10003.8%
6INDONESIA(REPUBLIC OF) 7% BDS 15/05/22 IDR10000003.74%
7MALAYSIA 4.16% NTS 15/07/21 MYR10003.62%
8COLOMBIA(REPUBLIC OF) 7% NTS 04/05/22 COP10003.34%
9MINISTRY OF FINANCE (THAILAND) 3.625% BDS 16/06/23 THB10003.34%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund seeks to maximise total return, consisting of income and capital appreciation by investing at least two thirds of its Net Asset Value in Emerging Market Debt securities that are denominated in the local currency of the issuer.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Transparent for Austrian Tax
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Legg Mason Western Asset EM Local Currency Debt A Inc USD
Initial charge5%
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.55
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE58M
Legg Mason Western Asset EM Local Currency Debt Premier Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.54
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE58N
Data provided by

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