Fact sheet: LM WA US Adj Rate

Fund information
Fund name
Legg Mason Western Asset US Adjustable Rate LG Acc
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 19/04/2007
Fund objective
The Fund seeks to provider high current income and to limit the degree of fluctuation of its Net Asset Value resulting from movements in interest rates. The Fund seeks to achieve this by investing at least 80% of its Net Asset Value in various types of adjustable rate debt securities issued by U.S. issuers, including variable rate securities, floating rate securities and adjustable rate mortgage-backed and asset-backed securities that are structured as debt securities.
Benchmark
  • Citigroup 6 Month U.S. Treasury Bill Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.9%
1 Year rank in sector
37/40
Sector
FO Fixed Int - USD
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.
2.18%
Fund size
£6m (£8m 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.
74
Top in this sector
Fund name1 Year
CG Dollar24.5%
Nordea 1 US Tot Ret Bd20.3%
CG Gearing Portfolio12.5%
Ashmore Emg Mkt Sovrn Dbt9.7%
NN (L) EM DebtHC7.3%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • USA96.8%
    Money Market3.2%
  • Fixed Interest54%
    Investment Grade Corporate Bonds30.4%
    Asset/Mortgage-Backed Securities12.4%
    Cash & Cash Equivalents3.2%
  • US Fixed Interest96.8%
    Money Market3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0%-0.3%-0.9%-3.7%0.5%
Sector-2%-1.5%1.7%3.6%7.4%16%
Rank within sector8 / 4313 / 4326 / 4337 / 4029 / 3118 / 21
Quartile1st2nd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.7%-1.8%-1.1%-0.4%4.6%
Sector4.4%-0.5%3.4%0%6.8%
Rank within sector38 / 4030 / 3729 / 318 / 2715 / 20
Quartile4th4th4th2nd3rd
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.
-1.34
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.
0.04
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%.
0.36
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.
2.21
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.
-1.85
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.
0.06
Price movement
52 week high94.08
52 week low93.18
Current bid price-
Current offer price-
Current mid price93.26
Region
1USA96.84%
2Money Market3.16%
Industry sector
1Fixed Interest54.01%
2Investment Grade Corporate Bonds30.4%
3Asset/Mortgage-Backed Securities12.43%
4Cash & Cash Equivalents3.16%
Asset type
1US Fixed Interest96.84%
2Money Market3.16%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES FRN 31/01/18 USD100015.33%
2UNITED STATES OF AMER TREAS NOTES FRN 30/04/18 USD10011.86%
3FEDERAL F FRN 01/17/18 0.5374%7.65%
4UNITED STATES OF AMER TREAS BONDS CNV NTS 31/07/18 USD10006.88%
5FEDERAL HOME LOAN BANKS 0% BDS 05/10/16 USD1005.43%
6CHEVRON CORP FRN 15/11/17 USD10004.59%
7FHLB FRN 11/28/17 0.5390%4.21%
8BERKSHIRE HATHAWAY INC FRN 15/03/19 USD20003.87%
9INTERNATIONAL BUS MACH CORP 1.95% NTS 12/02/19 USD10003.84%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund seeks to provider high current income and to limit the degree of fluctuation of its Net Asset Value resulting from movements in interest rates. The Fund seeks to achieve this by investing at least 80% of its Net Asset Value in various types of adjustable rate debt securities issued by U.S. issuers, including variable rate securities, floating rate securities and adjustable rate mortgage-backed and asset-backed securities that are structured as debt securities.
Benchmark
  • Citigroup 6 Month U.S. Treasury Bill Index
Investment style
None
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, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Sweden
Legg Mason Western Asset US Adjustable Rate A Acc USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price98.69
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX723
Legg Mason Western Asset US Adjustable Rate AG Acc
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price97.82
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX726
Legg Mason Western Asset US Adjustable Rate AG Dis
Initial charge-
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price91.65
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX729
Legg Mason Western Asset US Adjustable Rate B(D) Dis USD
Initial charge-
Annual charge1.35%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price90.7
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX721
Legg Mason Western Asset US Adjustable Rate C Acc USD
Initial charge-
Annual charge1.6%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price94.2
CurrencyUSD
Price updated13/07/2011
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTY4
Legg Mason Western Asset US Adjustable Rate C(D) Dis USD
Initial charge-
Annual charge1.6%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price88.85
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX720
Legg Mason Western Asset US Adjustable Rate LG Acc
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price93.26
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX724
Legg Mason Western Asset US Adjustable Rate LG Dis
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price88.34
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX727
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.