Fact sheet: LM WA Global Credit

Fund information
Fund name
Legg Mason Western Asset Global Credit A(D) Dis USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 30/07/2006
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 corporate debt securities and debts securities issued by supranational organisations that are denominated in a variety of currencies. In addition, the Fund may invest in securities issued or guaranteed by national governments, their agencies, instrumentalities and political sub-divisions. At the time of purchase the manager will only acquire investments that are rated Investment Grade or, if unrated, deemed to be of comparable quality.
Benchmark
  • Barclays Global Aggregate Credit Index (USD Hedged)
Investment style
None
Investment method
None
Quick stats
1 Year return
3.8%
1 Year rank in sector
82/296
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.
1.33%
Fund size
£68m (£91m 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.
77
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

  • USA42.1%
    UK23.5%
    Money Market7.7%
    France3.9%
    Netherlands2.6%
  • Banks21.7%
    Non-Cyclical Consumer Goods12.2%
    Insurance7.9%
    Cash & Cash Equivalents7.7%
    Energy6%
  • US Fixed Interest42.1%
    UK Fixed Interest23.5%
    Money Market7.7%
    French Fixed Interest3.9%
    Dutch Fixed Interest2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-3.3%0.7%3.8%8%21.5%
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector196 / 315210 / 313149 / 30882 / 29697 / 23653 / 169
Quartile3rd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.2%-1.8%5.1%-1.1%10.8%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector80 / 300173 / 276100 / 237100 / 20646 / 171
Quartile2nd3rd2nd2nd2nd
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.
0.02
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%.
3.78
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.
1.62
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.
0.55
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.
0.88
Price movement
52 week high110.79
52 week low101.35
Current bid price-
Current offer price-
Current mid price106.18
Region
1USA42.05%
2UK23.53%
3Money Market7.67%
4France3.87%
5Netherlands2.63%
6Mexico2.61%
7Belgium2.57%
8Australia2.33%
9Switzerland2.05%
Industry sector
1Banks21.69%
2Non-Cyclical Consumer Goods12.16%
3Insurance7.91%
4Cash & Cash Equivalents7.67%
5Energy5.95%
6Fixed Interest5.58%
7Electricity Supply5.12%
8Communications4.98%
9Asset/Mortgage-Backed Securities4.25%
Asset type
1US Fixed Interest42.05%
2UK Fixed Interest23.53%
3Money Market7.67%
4French Fixed Interest3.87%
5Dutch Fixed Interest2.63%
6Mexican Fixed Interest2.61%
7Belgian Fixed Interest2.57%
8Australian Fixed Interest2.33%
9Swiss Fixed Interest2.05%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 1.375% BDS 31/01/21 USD10004.19%
2UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/11/45 USD1001.42%
3SHELL INTERNATIONAL FINANCE BV 3.25% BDS 11/05/25 USD10001.14%
4CREDIT SUISSE AG 3.625% BDS 09/09/24 USD2500001.06%
5NORDEA BANK AB 4.25% BDS 21/09/22 USD1000 REG S1.02%
6CITIGROUP INC FRN 10/09/26 EUR100000.96%
7EDF 5.25%/FR SUBORD PERP NTS USD REG S0.95%
8GOLDMAN SACHS GROUP INC 2.875% MTN 03/06/26 EUR10000.93%
9BP CAPITAL MARKETS 3.561% NTS 01/11/21 USD10000.91%
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 corporate debt securities and debts securities issued by supranational organisations that are denominated in a variety of currencies. In addition, the Fund may invest in securities issued or guaranteed by national governments, their agencies, instrumentalities and political sub-divisions. At the time of purchase the manager will only acquire investments that are rated Investment Grade or, if unrated, deemed to be of comparable quality.
Benchmark
  • Barclays Global Aggregate Credit Index (USD Hedged)
Investment style
None
Investment method
None
Fund manager
NameSinceBiography
Western Asset Management Co30/07/2006Western 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, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Canada, Switzerland, China, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Legg Mason Western Asset Global Credit A Hedge EUR
Initial charge5%
Annual charge1.05%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price116.19
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0KPO
Legg Mason Western Asset Global Credit A USD
Initial charge5%
Annual charge1.05%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price119.05
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0KPP
Legg Mason Western Asset Global Credit A(D) Dis USD
Initial charge5%
Annual charge1.05%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price106.18
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM4E4
Legg Mason Western Asset Global Credit Premier Acc USD
Initial charge-
Annual charge0.35%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.13
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code133R
Legg Mason Western Asset Global Credit X(D) Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.99
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN5YO
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.