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 19/07/2005
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
1.2%
1 Year rank in sector
211/301
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.
0.83%
Fund size
£215m (£226m 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
LM WAHiYcrEn40%
Capital Group GHIOL34.4%
Dodge & Cox Global Bond25.8%
HSBC GIF Gbl AsBk Bd21.3%
CG Real Return18.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA47.5%
    Italy8.5%
    UK7.7%
    Mexico6.3%
    Japan6.2%
  • Fixed Interest37.3%
    Investment Grade Corporate Bonds25%
    Others20.1%
    Asset/Mortgage-Backed Securities10.1%
    Index Linked3.3%
  • US Fixed Interest47.5%
    Italian Fixed Interest8.5%
    UK Fixed Interest7.7%
    Mexican Fixed Interest6.3%
    Japanese Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%1.4%-1.9%1.2%11.7%23.4%
Sector0%1.2%-0.5%3.9%6%11.5%
Rank within sector44 / 328134 / 321208 / 309211 / 30154 / 23930 / 170
Quartile1st2nd3rd3rd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.2%2.3%0.7%10.3%-0.7%
Sector1.2%4.6%-1.6%3.7%-1.6%
Rank within sector147 / 321192 / 29456 / 26723 / 22887 / 201
Quartile2nd3rd1st1st2nd
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.
1.4
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.
1.14
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.
0.06
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%.
3.76
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.
2.08
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.
0.8
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.
0.7
Price movement
52 week high105.55
52 week low100.08
Current bid price-
Current offer price-
Current mid price102.93
Region
1USA47.49%
2Italy8.5%
3UK7.68%
4Mexico6.28%
5Japan6.17%
6Poland5.97%
7Korea3.17%
8Canada3.15%
9Brazil2.89%
Industry sector
1Fixed Interest37.32%
2Investment Grade Corporate Bonds24.95%
3Others20.14%
4Asset/Mortgage-Backed Securities10.11%
5Index Linked3.28%
6High Yield Bond2.67%
7Cash & Cash Equivalents1.53%
Asset type
1US Fixed Interest47.49%
2Italian Fixed Interest8.5%
3UK Fixed Interest7.68%
4Mexican Fixed Interest6.28%
5Japanese Fixed Interest6.17%
6Polish Fixed Interest5.97%
7South Korean Fixed Interest3.17%
8Canadian Fixed Interest3.15%
9Brazilian Fixed Interest2.89%
Individual holdings
1ITALY(REPUBLIC OF) 2% BDS 01/12/25 EUR10005.25%
2MEXICO(UNITED MEXICAN STATES) 7.75% NTS 13/11/42 MXN1000004.64%
3UNITED STATES OF AMER TREAS NOTES BDS 30/04/21 USD1003.37%
4POLAND(STATE TREASURY OF) 2.5% BDS 25/07/26 PLN10003.28%
5UNITED STATES OF AMER TREAS BONDS 4.5% BDS 15/02/36 USD10003.23%
6KOREA(REPUBLIC OF) 1.875% BDS 10/06/26 KRW10003.01%
7JAPAN(GOVERNMENT OF) ILN 10/03/26(CONSUMER PRICE)JPY1000002.98%
8UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/11/45 USD1002.87%
9CANADA(GOVT OF) 2.25% BDS 01/06/25 CAD10002.76%
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 Co19/07/2005Western 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 price98.81
CurrencyUSD
Price updated29/03/2017
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)1.38%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price116.21
CurrencyUSD
Price updated29/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMAC9
Legg Mason Western Asset Global Core Plus Bond LM(Q) Inc AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.22
CurrencyAUD
Price updated27/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQAJ
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)0.53%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price137.59
CurrencyUSD
Price updated29/03/2017
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)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.41
CurrencyEUR
Price updated29/03/2017
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)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.93
CurrencyUSD
Price updated29/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM5SE
Data provided by

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