Fact sheet: LM WA Gbl Hi Yd

Fund information
Fund name
Legg Mason Western Asset Global High Yield X Dis USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 19/04/2007
Fund objective
The Fund's primary aim is to generate total return by investing at least 70% of its Net Asset Value in high-yielding debt securities (higher yields are generally available from securities rated below investment grade). The Fund is a global fund and is not confined to investing in any specific country or region, although it is expected that it will invest in at least 10 different countries and will not be investing more than 45% in high-yielding emerging market countries.
Benchmark
  • Barclays Capital Global High Yield Index (Hedged) USD
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
11.8%
1 Year rank in sector
-
Sector
FO Fixed Int - Global High Yield
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.
0.91%
Fund size
£235m (£279m 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.
85
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld31.9%
Natixis LoomsSyles HInc25%
T. Rowe Price Gbl HiYld Bd14.4%
T. Rowe Price GblHghIncBd14.3%
Franklin High Yield14.1%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA51.3%
    Money Market11.6%
    Not Specified9.3%
    Brazil6.1%
    Argentina5.2%
  • Cash & Cash Equivalents19.7%
    Corporate Bonds12.8%
    Cyclical Consumer Goods10.4%
    Communications8.3%
    High Yield Bond8.1%
  • US Fixed Interest51.3%
    Money Market11.6%
    Global Fixed Interest9.3%
    Brazilian Fixed Interest6.1%
    American Emerging Fixed Interest5.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.1%6.7%11.8%3.8%29.1%
Sector0.3%0.8%4.9%9.1%9.8%33.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund14%-7.7%-1.9%5.3%17.9%
Sector10.5%-2.5%1.4%5.2%15.5%
Rank within sector-----
Quartile
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.
-3.02
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.
1.39
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%.
6.92
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.
2.92
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.
-0.68
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.
0.89
Price movement
52 week high85.7
52 week low73.31
Current bid price-
Current offer price-
Current mid price84.93
Region
1USA51.32%
2Money Market11.64%
3Not Specified9.29%
4Brazil6.06%
5Argentina5.16%
6Russia4.56%
7UK3.66%
8Mexico1.82%
9Canada1.75%
Industry sector
1Cash & Cash Equivalents19.73%
2Corporate Bonds12.75%
3Cyclical Consumer Goods10.4%
4Communications8.27%
5High Yield Bond8.12%
6Government Bonds7.29%
7Investment Grade Corporate Bonds6.79%
8Non-Cyclical Consumer Services6.75%
9Energy6.72%
Asset type
1US Fixed Interest51.32%
2Money Market11.64%
3Global Fixed Interest9.29%
4Brazilian Fixed Interest6.06%
5American Emerging Fixed Interest5.16%
6Russian Fixed Interest4.56%
7UK Fixed Interest3.66%
8Mexican Fixed Interest1.82%
9Canadian Fixed Interest1.75%
Individual holdings
1LEGG MASON WESTERN ASSET EURO HIGH YIELD LM ACC EUR8.7%
2UNITED STATES OF AMER TREAS NOTES 1.125% BDS 31/08/21 USD1001.76%
3UNITED STATES OF AMER TREAS BONDS 1% BDS 30/06/21 USD100 7051.66%
4PETROBRAS INTERNATIONAL FINANCE CO 6.875% BDS 20/01/40 USD10001.43%
5LEGG MASON WESTERN ASSET EMERGING MARKETS CORPORATE BOND LM(M)1.12%
6CHARTER COMMUNICATIONS INC FXD RTE BDS 23/07/25 USD2000 144A0.97%
7SPRINT CORP 7.25% BDS 15/09/21 USD20000.94%
8VIMPELCOM HOLDINGS B V 7.5043% NTS 01/03/22 USD1000 REG S0.94%
9ARGENTINA(REPUBLIC OF) 8.28% BDS 31/12/33 USD10000.91%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund's primary aim is to generate total return by investing at least 70% of its Net Asset Value in high-yielding debt securities (higher yields are generally available from securities rated below investment grade). The Fund is a global fund and is not confined to investing in any specific country or region, although it is expected that it will invest in at least 10 different countries and will not be investing more than 45% in high-yielding emerging market countries.
Benchmark
  • Barclays Capital Global High Yield Index (Hedged) USD
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Western Asset Management Co19/04/2007Western 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, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, China, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Legg Mason Western Asset Global High Yield A Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price149.08
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX771
Legg Mason Western Asset Global High Yield A M Plus Dis USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price84.29
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI17N
Legg Mason Western Asset Global High Yield A(D) Dis USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.55%
Bid price-
Offer price-
Mid price75.69
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX770
Legg Mason Western Asset Global High Yield A(D)Hedged Dis EUR
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price86.6
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSIX
Legg Mason Western Asset Global High Yield A(G) Acc USD
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price150.88
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX774
Legg Mason Western Asset Global High Yield A(G) Dis USD
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price75.7
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX777
Legg Mason Western Asset Global High Yield A(M) Dis USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price83.83
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBIC5
Legg Mason Western Asset Global High Yield A(M)Hedged Plus Dis AUD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price102.19
CurrencyAUD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKBQ8
Legg Mason Western Asset Global High Yield A(M)Hedged Plus Dis SGD
Initial charge5%
Annual charge1.25%
Min single investment£1,500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price0.838
CurrencySGD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMJT9
Legg Mason Western Asset Global High Yield B Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price148.32
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTX3
Legg Mason Western Asset Global High Yield B(D) Dis USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price75.57
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX769
Legg Mason Western Asset Global High Yield B(G) Dis USD
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price75.68
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX776
Legg Mason Western Asset Global High Yield C Acc USD
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price145.77
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTX4
Legg Mason Western Asset Global High Yield C(D) Dis USD
Initial charge-
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price75.36
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX768
Legg Mason Western Asset Global High Yield E (D) Dis USD
Initial charge2.5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)2.18%
Bid price-
Offer price-
Mid price92.78
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI7S1
Legg Mason Western Asset Global High Yield E (M) Hedged Dis EUR
Initial charge2.5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price85.84
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJM7L
Legg Mason Western Asset Global High Yield E Acc USD
Initial charge2.5%
Annual charge1.85%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)2.17%
Bid price-
Offer price-
Mid price134.3
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI7S0
Legg Mason Western Asset Global High Yield F Acc USD
Initial charge-
Annual charge0.7%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price129.47
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHJ9
Legg Mason Western Asset Global High Yield F(D) Dis USD
Initial charge-
Annual charge0.7%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price88.3
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMHK0
Legg Mason Western Asset Global High Yield L(G) Acc USD
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.88%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price143.78
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX772
Legg Mason Western Asset Global High Yield L(G) Dis USD
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.88%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price75.69
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX775
Legg Mason Western Asset Global High Yield Premier (M) Plus (E) Dis USD
Initial charge-
Annual charge0.45%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price86.62
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJGEM
Legg Mason Western Asset Global High Yield Premier Acc USD
Initial charge-
Annual charge0.45%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price168.91
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG2P1
Legg Mason Western Asset Global High Yield Premier Hedge Acc EUR
Initial charge-
Annual charge0.45%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.65
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGV0O
Legg Mason Western Asset Global High Yield Premier Hedge Dis GBP
Initial charge-
Annual charge0.45%
Min single investment£15,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price92.89
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code08IB
Legg Mason Western Asset Global High Yield X Acc USD
Initial charge-
Annual charge0.63%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.12
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ7VU
Legg Mason Western Asset Global High Yield X Dis USD
Initial charge-
Annual charge0.63%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price84.93
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJEAE
Legg Mason Western Asset Global High Yield X(H) Dis Daily GBP
Initial charge-
Annual charge0.63%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price85.32
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI8BN
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.