Fact sheet: LM WA US Mrt Bkd Sec

Fund information
Fund name
Legg Mason Western Asset US Mortgage Backed Securities A (M) Plus (e) Inc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
No data available.
Fund objective
The Fund seeks to maximise total return, consisting of income and capital appreciation by investing at least 80% of its Net Asset Value in mortgage-backed securities (including collateralised mortgage obligations) which are denominated in US dollars and issued or guaranteed by US government-sponsored entities or by agencies of the US government.
Benchmark
  • Barclays U.S. Mortgage Backed Securities Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - USD Investment Grade
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.
1.25%
Fund size
£797m (£788m last year)
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $8%
Pimco GIS GblInvGrCr5.6%
Invesco GblInvGrCorpBd5.6%
Vanguard USIvGdCId5.4%
MFS Meridian US CrpBnd5.3%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA102.7%
    Money Market-2.7%
  • Asset/Mortgage-Backed Securities102.7%
    Cash & Cash Equivalents-2.7%
  • US Fixed Interest102.7%
    Cash & Cash Equivalents-2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-2.1%-1.6%---
Sector-2%-2.9%-0.6%2.9%9.3%19.4%
Rank within sector14 / 5411 / 5236 / 52---
Quartile2nd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector3.6%-0.7%6%-1.1%10.1%
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high101.04
52 week low96.97
Current bid price-
Current offer price-
Current mid price97.18
Region
1USA102.71%
2Money Market-2.71%
Industry sector
1Asset/Mortgage-Backed Securities102.71%
2Cash & Cash Equivalents-2.71%
Asset type
1US Fixed Interest102.71%
2Cash & Cash Equivalents-2.71%
Individual holdings
1FNMA 15YR TBA - 2.5% NOV TBA6.47%
2FNCL 4 11/10 TBA MBS 30YR6.04%
3Ginnie Mae II Pool5.74%
4FHLMC GOLD TBA 30 YR TBA 03.000% NOV4.32%
5G2Sf 3.5 Tba 11/124.26%
6TBA Freddie Mac Gold Pool2.98%
7FNMA 4.5% 11/01/402.93%
8FNMA 4% 05/01/452.44%
9GNMA FRN 12/20/40 9.1360%2.21%
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, consisting of income and capital appreciation by investing at least 80% of its Net Asset Value in mortgage-backed securities (including collateralised mortgage obligations) which are denominated in US dollars and issued or guaranteed by US government-sponsored entities or by agencies of the US government.
Benchmark
  • Barclays U.S. Mortgage Backed Securities Index
Investment style
None
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Spain, Finland, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Legg Mason Western Asset US Mortgage Backed Securities A (M) Plus (e) Inc USD
Initial charge5%
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.18
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMWZB
Legg Mason Western Asset US Mortgage Backed Securities LM Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.61
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMWZC
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.