Fact sheet: LM WA Gbl Core Plus Bd

Fund information
Fund name
Legg Mason Western Asset Global Core Plus Bond X Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 18/07/2005
Fund objective
The Fund seeks to maximise total return through income and capital appreciation, by investing at least two-thirds of its Net Asset Value in global fixed income markets. The Fund invests primarily in debt securities across a variety of currencies in Developed and Emerging Market Countries. The Fund has a bias toward non-sovereign debt securities, especially corporate debt and mortgage-backed securities. The Sub-Investment Managers will invest at least 85% of the Fund's Net Asset Value in investments that are rated investment grade or higher.
Benchmark
  • Bloomberg Barclays Global Aggregate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.6%
1 Year rank in sector
229/296
Sector
FO Fixed Int - Global
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.
0.82%
Fund size
£241m (£152m 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.
80
Top in this sector
Fund name1 Year
Capital Group GHIOL32.5%
Dodge & Cox Global Bond27.4%
HSBC GIF Gbl AsBk Bd24.3%
Russell Gbl Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA59.2%
    UK6.5%
    Mexico6%
    Italy5.8%
    Japan5.4%
  • Fixed Interest46.8%
    Investment Grade Corporate Bonds21.8%
    Non Investment Grade Bonds14.6%
    Asset/Mortgage-Backed Securities8.8%
    Index Linked4.6%
  • US Fixed Interest59.2%
    UK Fixed Interest6.5%
    Mexican Fixed Interest6%
    Italian Fixed Interest5.8%
    Japanese Fixed Interest5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-4.3%-1.3%0.6%12.4%28.7%
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector227 / 315254 / 313241 / 308229 / 29649 / 23624 / 169
Quartile3rd4th4th4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund1.3%0.7%10.3%-0.7%12.4%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector226 / 30056 / 27625 / 23788 / 20636 / 171
Quartile4th1st1st2nd1st
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.
2.25
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.
1.08
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.
0.38
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%.
3.35
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.
1.92
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.
1.25
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.
0.67
Price movement
52 week high105.55
52 week low98.72
Current bid price-
Current offer price-
Current mid price100.08
Region
1USA59.17%
2UK6.46%
3Mexico5.95%
4Italy5.81%
5Japan5.38%
6Poland5.16%
7Canada2.71%
8Brazil2.01%
9Germany1.68%
Industry sector
1Fixed Interest46.78%
2Investment Grade Corporate Bonds21.75%
3Non Investment Grade Bonds14.61%
4Asset/Mortgage-Backed Securities8.83%
5Index Linked4.56%
6High Yield Bond2.42%
7Cash & Cash Equivalents1.06%
Asset type
1US Fixed Interest59.17%
2UK Fixed Interest6.46%
3Mexican Fixed Interest5.95%
4Italian Fixed Interest5.81%
5Japanese Fixed Interest5.38%
6Polish Fixed Interest5.16%
7Canadian Fixed Interest2.71%
8Brazilian Fixed Interest2.01%
9German Fixed Interest1.68%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES BDS 30/04/21 USD1007.06%
2UNITED STATES OF AMER TREAS NOTES 1.375% BDS 31/01/21 USD10005.13%
3MEXICO(UNITED MEXICAN STATES) 7.75% NTS 13/11/42 MXN1000004.84%
4POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10003.01%
5UNITED STATES OF AMER TREAS BONDS 4.5% BDS 15/02/36 USD10002.94%
6ITALY(REPUBLIC OF) 2% BDS 01/12/25 EUR10002.93%
7UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/11/45 USD1002.71%
8UNITED STATES OF AMER TREAS BONDS 3% NTS 15/05/45 USD10002.68%
9UNITED STATES OF AMER TREAS NOTES 1.625% BDS 15/02/26 USD10002.65%
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 two-thirds of its Net Asset Value in global fixed income markets. The Fund invests primarily in debt securities across a variety of currencies in Developed and Emerging Market Countries. The Fund has a bias toward non-sovereign debt securities, especially corporate debt and mortgage-backed securities. The Sub-Investment Managers will invest at least 85% of the Fund's Net Asset Value in investments that are rated investment grade or higher.
Benchmark
  • Bloomberg Barclays Global Aggregate
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Western Asset Management Co18/07/2005Western 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, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Legg Mason Western Asset Global Core Plus Bond A USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.54
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM7DS
Legg Mason Western Asset Global Core Plus Bond A(D) Dis USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price113.74
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMAC9
Legg Mason Western Asset Global Core Plus Bond Premier Acc USD
Initial charge-
Annual charge0.4%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price133.65
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMAD1
Legg Mason Western Asset Global Core Plus Bond Premier Hedged Acc EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.99
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMP9K
Legg Mason Western Asset Global Core Plus Bond X Acc USD
Initial charge-
Annual charge0.55%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.08
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM5SE
Data provided by

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