Fact sheet: LM WA US Core Bond

Fund information
Fund name
Legg Mason Western Asset US Core Bond GA Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 29/08/2002
Fund objective
The Fund seeks to maximise total return through income and capital appreciation by investing at least 75% of its Net Asset Value in debt securities across the major fixed-income sectors that are listed or traded in developed and emerging market countries, denominated in U.S dollars and rated at least BBB by S& P, or equivalent quality. At least two-thirds of the Fund will be invested in securities of issuers registered in the U.S. or that conduct a significant portion of their business activities in the U.S.
Benchmark
  • Barclays US Aggregate Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.6%
1 Year rank in sector
24/40
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.
1.06%
Fund size
£53m (£42m 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
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

  • USA97.1%
    Global Emerging Markets5.3%
    Money Market-2.3%
  • Asset/Mortgage-Backed Securities36%
    Fixed Interest35.7%
    Investment Grade Corporate Bonds22.8%
    Non Investment Grade Bonds5.3%
    Index Linked2.4%
  • US Fixed Interest79.4%
    US Corporate Fixed Interest22.9%
    Cash & Cash Equivalents-2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-3.4%-0.8%1.6%10.2%17.2%
Sector-2%-1.5%1.7%3.6%7.4%16%
Rank within sector25 / 4330 / 4334 / 4324 / 4010 / 317 / 21
Quartile3rd3rd4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.4%0.4%7.6%-2.3%7%
Sector4.4%-0.5%3.4%0%6.8%
Rank within sector26 / 4016 / 374 / 3116 / 278 / 20
Quartile3rd2nd1st3rd2nd
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.
1.09
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.
0.98
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.
0.19
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%.
2.8
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.
1.66
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.
0.61
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.
0.65
Price movement
52 week high128.82
52 week low120.96
Current bid price-
Current offer price-
Current mid price123.81
Region
1USA97.08%
2Global Emerging Markets5.26%
3Money Market-2.34%
Industry sector
1Asset/Mortgage-Backed Securities36.04%
2Fixed Interest35.73%
3Investment Grade Corporate Bonds22.79%
4Non Investment Grade Bonds5.26%
5Index Linked2.39%
6High Yield Bond0.13%
7Cash & Cash Equivalents-2.34%
Asset type
1US Fixed Interest79.42%
2US Corporate Fixed Interest22.92%
3Cash & Cash Equivalents-2.34%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES FXD BDS 31/05/21 USD1007.3%
2UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/05/43 USD10004.09%
3UNITED STATES OF AMER TREAS NOTES 1.5% BDS 28/02/23 USD10004.06%
4UNITED STATES OF AMER TREAS BONDS 2% BDS 30/11/22 USD1003.13%
5UNITED STATES OF AMER TREAS BONDS 2.875% BDS 15/11/45 USD1002.99%
6UNITED STATES OF AMER TREAS NOTES 0% NTS 31/03/22 USD10002.96%
7UNITED STATES OF AMER TREAS BONDS FXD RT BDS 15/05/46 USD1002.3%
8FEDERAL NATIONAL MORTGAGE ASSOC 3.50% MTG BDS 31/12/49 USD2.07%
9FNCL 4 11/10 TBA MBS 30YR1.72%
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 75% of its Net Asset Value in debt securities across the major fixed-income sectors that are listed or traded in developed and emerging market countries, denominated in U.S dollars and rated at least BBB by S& P, or equivalent quality. At least two-thirds of the Fund will be invested in securities of issuers registered in the U.S. or that conduct a significant portion of their business activities in the U.S.
Benchmark
  • Barclays US Aggregate Bond Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Western Asset Management Co29/08/2002Western 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 Core Bond A Acc USD
Initial charge5%
Annual charge0.95%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price127.16
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTY5
Legg Mason Western Asset US Core Bond A(D) Dis USD
Initial charge5%
Annual charge0.95%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price100.49
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJY26
Legg Mason Western Asset US Core Bond B Acc USD
Initial charge-
Annual charge1.2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price123.51
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTY6
Legg Mason Western Asset US Core Bond B(D) Dis USD
Initial charge-
Annual charge1.2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price100.48
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ07
Legg Mason Western Asset US Core Bond C Acc USD
Initial charge-
Annual charge1.45%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price121.01
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTY7
Legg Mason Western Asset US Core Bond C(D) Dis USD
Initial charge-
Annual charge1.45%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price100.52
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ08
Legg Mason Western Asset US Core Bond F Acc USD
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.3
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJNLW
Legg Mason Western Asset US Core Bond GA Acc USD
Initial charge-
Annual charge0.82%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price123.81
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBN86
Legg Mason Western Asset US Core Bond GE Acc USD
Initial charge-
Annual charge1.42%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price119.24
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCK16
Legg Mason Western Asset US Core Bond Premier Acc USD
Initial charge-
Annual charge0.3%
Min single investment£30,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.35
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMF5M
Legg Mason Western Asset US Core Bond X Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.49
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN75Y
Legg Mason Western Asset US Core Bond X Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.77
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN5YP
Data provided by

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