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 21/10/2011
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
11.7%
1 Year rank in sector
154/201
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.
1.48%
Fund size
£31m (£65m 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.
72
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$56.8%
Pictet Lat Am Lcl Cur Dt44%
Old Mutual Em Mt Dt38.4%
SEI Emg Mkts Dt37.7%
Aviva Investors Emg Mkts Bd37.7%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Money Market40.3%
    Brazil20.3%
    China14.3%
    Mexico11.2%
    Russia8.1%
  • BBB43.6%
    BB21.1%
    A19.1%
    B10.1%
    AA3.2%
  • Money Market40.3%
    Brazilian Fixed Interest20.3%
    Chinese Fixed Interest14.3%
    Mexican Fixed Interest11.2%
    Russian Fixed Interest8.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%3.4%8.3%11.7%6.1%-
Sector0.4%4%8.6%13.7%3.8%14.1%
Rank within sector191 / 213115 / 210108 / 207154 / 20196 / 162-
Quartile4th3rd3rd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.4%-3.7%-2.7%-2.8%14.8%
Sector13.2%-7.3%-0.6%-7%14.7%
Rank within sector150 / 20594 / 194116 / 17024 / 12572 / 101
Quartile3rd2nd3rd1st3rd
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.
1.23
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.
0.81
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%.
7.06
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.
3.87
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.
0.21
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.
0.74
Price movement
52 week high98.32
52 week low87.94
Current bid price-
Current offer price-
Current mid price97.3
Region
1Money Market40.29%
2Brazil20.3%
3China14.34%
4Mexico11.21%
5Russia8.06%
6Hong Kong5.81%
Industry sector
1BBB43.64%
2BB21.13%
3A19.13%
4B10.11%
5AA3.24%
6Money Market1.67%
7Non-Rated1.08%
Asset type
1Money Market40.29%
2Brazilian Fixed Interest20.3%
3Chinese Fixed Interest14.34%
4Mexican Fixed Interest11.21%
5Russian Fixed Interest8.06%
6Hong Kong Fixed Interest5.81%
Individual holdings
1CNOOC FINANCE 2012 LTD 3.875% BDS 02/05/22 USD1000 REG S3.07%
2HUTCHISON WHAMPOA 3.625% BDS 31/10/24 USD200000 REGS2.94%
3CHINA OVERSEAS FINANCE 5.375% BDS 29/10/23 USD2000002.13%
4PETROBRAS INTERNATIONAL FINANCE CO 6.75% NTS 27/01/41 USD10002.13%
5LUKOIL INTERNATIONAL FINANCE BV 6.656% NTS 07/06/22 USD100000 `REGS`2.09%
6SOUTHERN COPPER CORP 7.5% SNR NTS 27/07/35 USD10002.07%
7PETROBRAS GLOBAL FINANCE BV 6.85% UNDATED BDS USD20001.92%
8DIGICEL LIMITED 6.75% BDS 01/03/23 USD10001.79%
9PERUSAHAAN LISTRIK NEGARA PT 5.5% BDS 22/11/21 USD200000 REG S1.78%
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 Co21/10/2011Western 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)1.48%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price97.3
CurrencyUSD
Price updated29/09/2016
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)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.56
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeICNC
Data provided by

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