Fact sheet: LM WA US ST Gov

Fund information
Fund name
Legg Mason Western Asset US Short-Term Government A(D) 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 seeks to generate current income, while preserving the value of its shareholders’ investment, by investing at least 70% of its Net Asset Value in debt securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or political sub-divisions. The Fund is designed with a view to providing a higher level of current income than is generally available from money market funds.
Benchmark
  • Barclays Capital 1-3 Year U.S. Government Index
Investment style
Total Return
Investment method
Fixed Interest
Quick stats
1 Year return
-0.2%
1 Year rank in sector
6/7
Sector
FO Fixed Int - USD Government
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.
1.35%
Fund size
£19m (£24m 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
JI Emerging Markets Bonds CL8.3%
JI Emerging Market Bonds EUR CL5.2%
BlackRock GF US Govt Mortg1.4%
JI Dollar Bonds CL0.4%
Franklin US Gover0%
...more in FO Fixed Int - USD Government

Performance snapshot

Holdings snapshot

  • USA99.9%
    Money Market0.1%
  • Fixed Interest77.5%
    Asset/Mortgage-Backed Securities12.3%
    Money Market9.1%
    Investment Grade Corporate Bonds1%
    Cash & Cash Equivalents0.1%
  • US Government Fixed Interest99.9%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.2%-0.2%-0.2%-0.8%-1.4%
Sector-2.4%-3.1%-0.4%1.9%4%4.6%
Rank within sector1 / 71 / 73 / 76 / 77 / 77 / 7
Quartile1st1st2nd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund--0.7%-0%-0.8%0%
Sector2.5%-1%2.9%-2.2%1.7%
Rank within sector7 / 75 / 77 / 71 / 77 / 7
Quartile4th3rd4th1st4th
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.
-0.22
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.
0.06
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%.
0.44
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.
1.89
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.
-1.05
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.
0.08
Price movement
52 week high99.71
52 week low99.16
Current bid price-
Current offer price-
Current mid price99.19
Region
1USA99.87%
2Money Market0.13%
Industry sector
1Fixed Interest77.49%
2Asset/Mortgage-Backed Securities12.29%
3Money Market9.05%
4Investment Grade Corporate Bonds1.01%
5Cash & Cash Equivalents0.13%
6Time Deposits0.03%
Asset type
1US Government Fixed Interest99.87%
2Money Market0.13%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.750% TB 31/10/17 USD1009.07%
2UNITED STATES OF AMER TREAS NOTES 1.25% BDS 31/08/19 USD10009.01%
3UNITED STATES OF AMER TREAS BONDS 0.625% BDS 31/08/18 USD10008.05%
4UNITED STATES OF AMER TREAS NOTES 0.875% BDS 31/03/18 USD10007.72%
5UNITED STATES OF AMER TREAS NOTES 1% NTS 15/09/18 USD10006.07%
6UNITED STATES OF AMER TREAS NOTES 1.5% TB 31/08/18 USD100 P-20186.02%
7UNITED STATES OF AMER TREAS NOTES 0% NTS 15/05/18 USD10005.05%
8UNITED STATES OF AMER TREAS NOTES 0% NTS 30/04/18 USD10004.6%
9UNITED STATES OF AMER TREAS BILLS 0% TB 09/03/17 USD1004.33%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund seeks to generate current income, while preserving the value of its shareholders’ investment, by investing at least 70% of its Net Asset Value in debt securities issued or guaranteed by the U.S. government, its agencies, instrumentalities or political sub-divisions. The Fund is designed with a view to providing a higher level of current income than is generally available from money market funds.
Benchmark
  • Barclays Capital 1-3 Year U.S. Government Index
Investment style
Total Return
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, Germany, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Sweden
Legg Mason Western Asset US Short-Term Government A Acc USD
Initial charge5%
Annual charge1.05%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price112.67
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX733
Legg Mason Western Asset US Short-Term Government A(D) Dis USD
Initial charge5%
Annual charge1.05%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price99.19
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX732
Legg Mason Western Asset US Short-Term Government A(G) Acc
Initial charge5%
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price112.96
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX736
Legg Mason Western Asset US Short-Term Government A(G) Dis
Initial charge5%
Annual charge1.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price99.19
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX739
Legg Mason Western Asset US Short-Term Government B Acc USD
Initial charge-
Annual charge1.3%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price106.9
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTZ8
Legg Mason Western Asset US Short-Term Government B(D) Dis USD
Initial charge-
Annual charge1.3%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price98.62
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX731
Legg Mason Western Asset US Short-Term Government B(G) Acc
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price110.45
CurrencyUSD
Price updated02/06/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX735
Legg Mason Western Asset US Short-Term Government B(G) Dis
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price97.76
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX738
Legg Mason Western Asset US Short-Term Government C Acc USD
Initial charge-
Annual charge1.55%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price104.32
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTZ9
Legg Mason Western Asset US Short-Term Government C(D) Dis USD
Initial charge-
Annual charge1.55%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price97.67
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX730
Legg Mason Western Asset US Short-Term Government L(G) Acc
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price107.63
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX734
Legg Mason Western Asset US Short-Term Government L(G) Dis
Initial charge-
Annual charge1.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price97.78
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX737
Data provided by

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