Fact sheet: LM WA Emg Mkts Crp Bd

Fund information
Fund name
Legg Mason Western Asset Emerging Markets Corporate Bond A (M)
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 20/10/2011
Fund objective
The Fund seeks to maximise total return through income and capital appreciation by investing at least 70% of its Net Asset Value in emerging market corporate bonds. The Fund invests in emerging market corporate debt securities, rated at the time of purchase at least B-, or its equivalent, across the major fixed-income sectors where the Sub-Investment Manager believes that the yield and potential for capital appreciation are sufficiently attractive in light of the risks of ownership of the obligation.
Benchmark
  • JPMorgan Corporate Emerging Markets Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.4%
1 Year rank in sector
103/218
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.
1.6%
Fund size
£30m (£59m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
81
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$40.5%
Pictet Lat Am Lcl Cur Dt33.9%
Rubrics Ind Fxd Inc UCITS32.2%
Pioneer SICV-Emg Mkt Bd29%
Schroder ISF EmgMktBd28.3%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others38.3%
    Brazil16.7%
    China14.4%
    Mexico11.7%
    Russia8.1%
  • Banks16.8%
    Energy15.8%
    Basic Industries15.7%
    Government Agency Bonds7.4%
    Communications7.2%
  • Global Fixed Interest38.3%
    Brazilian Fixed Interest16.7%
    Chinese Fixed Interest14.4%
    Mexican Fixed Interest11.7%
    Russian Fixed Interest8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%-3.6%2.2%5.4%1.1%13.4%
Sector-4.2%-3.4%2.8%6%-0.2%6.2%
Rank within sector84 / 227116 / 22599 / 223103 / 218108 / 16856 / 100
Quartile2nd3rd2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.4%-3.7%-2.7%-2.8%14.8%
Sector8.4%-7.3%-0.6%-7%14.7%
Rank within sector115 / 220104 / 203120 / 17327 / 12774 / 101
Quartile3rd3rd3rd1st3rd
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.
0.68
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.
0.8
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.
-0
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%.
6.79
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.
3.92
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.
0.14
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.
0.71
Price movement
52 week high98.32
52 week low87.94
Current bid price-
Current offer price-
Current mid price93.11
Region
1Others38.25%
2Brazil16.68%
3China14.43%
4Mexico11.65%
5Russia8.09%
6Money Market5.76%
7Hong Kong5.14%
Industry sector
1Banks16.84%
2Energy15.84%
3Basic Industries15.71%
4Government Agency Bonds7.38%
5Communications7.19%
6Others5.87%
7Cash & Cash Equivalents5.76%
8Other Industrials5.27%
9Capital Goods4.06%
Asset type
1Global Fixed Interest38.25%
2Brazilian Fixed Interest16.68%
3Chinese Fixed Interest14.43%
4Mexican Fixed Interest11.65%
5Russian Fixed Interest8.09%
6Money Market5.76%
7Hong Kong Fixed Interest5.14%
Individual holdings
1HUTCHISON WHAMPOA 3.625% BDS 31/10/24 USD200000 REGS2.68%
2PETROBRAS INTERNATIONAL FINANCE CO 6.75% NTS 27/01/41 USD10002.54%
3LUKOIL INTERNATIONAL FINANCE BV 6.656% NTS 07/06/22 USD100000 `REGS`2.41%
4ECOPETROL SA 5.875% NTS 28/05/45 USD10002.05%
5PERUSAHAAN LISTRIK NEGARA PT 5.5% BDS 22/11/21 USD200000 REG S2.05%
6CNOOC FINANCE 2012 LTD 3.875% BDS 02/05/22 USD1000 REG S2.01%
7DP WORLD LTD 6.85% NTS 02/07/37 USD100000 `REGS`1.9%
8OVERSEA-CHINESE BANKING CORP 4.25% BDS 19/06/24 USD2000001.88%
9SOUTHERN COPPER CORP 7.5% SNR NTS 27/07/35 USD10001.88%
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 through income and capital appreciation by investing at least 70% of its Net Asset Value in emerging market corporate bonds. The Fund invests in emerging market corporate debt securities, rated at the time of purchase at least B-, or its equivalent, across the major fixed-income sectors where the Sub-Investment Manager believes that the yield and potential for capital appreciation are sufficiently attractive in light of the risks of ownership of the obligation.
Benchmark
  • JPMorgan Corporate Emerging Markets Bond Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Western Asset Management Co20/10/2011Western Asset Management focuses primarily on the management of fixed income portfolios, taking a fundamental approach to money management that is continually fine-tuned and adapted to changing conditions. When making investment decisions, Western Asset focuses on areas such as sector allocation, issue selection, duration weighting and maturity.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Sweden
Legg Mason Western Asset Emerging Markets Corporate Bond A (M)
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price93.11
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0IAY
Legg Mason Western Asset Emerging Markets Corporate Bond A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.61
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeICNC
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