Fact sheet: LM WAShtDurHiInBd

Fund information
Fund name
Legg Mason Western Asset Short Duration High Income Bond L(G) Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 24/02/2004
Fund objective
The Fund seeks to provide a high level of income by investing at least 80% of its Net Asset Value in high-yielding bonds and similar instruments the face value of which is in US Dollars and currencies of a variety of other developed countries. The Fund is a global fund and is not confined to investing in any specific country or region, although it will not be investing more than 30% in emerging market countries.
Benchmark
  • Barclays US High Yield 1-5 Yr Cash Pay Index 2% constrained (USD)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.9%
1 Year rank in sector
23/296
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.
1.99%
Fund size
£23m (£28m 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.
81
Top in this sector
Fund name1 Year
Capital Group GHIOL31%
Dodge & Cox Global Bond25.5%
HSBC GIF Gbl AsBk Bd24.3%
CG Real Return23.4%
SKAGEN Tellus22.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA78.5%
    UK6.5%
    Money Market2.1%
    Germany1.8%
    Luxembourg1.8%
  • High Yield Bond74.6%
    Investment Grade Corporate Bonds11.1%
    Asset/Mortgage-Backed Securities5.2%
    Corporate Bonds4.3%
    Cash & Cash Equivalents2.1%
  • US Fixed Interest78.5%
    UK Fixed Interest6.5%
    Money Market2.1%
    German Fixed Interest1.8%
    Luxembourg Fixed Interest1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1.2%5.1%6.9%6.6%15%
Sector-2%-2.2%0.8%2.6%5.6%13.8%
Rank within sector18 / 31624 / 31324 / 30823 / 296113 / 23782 / 169
Quartile1st1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund10.4%-6.6%3.1%-1.9%8.8%
Sector3.8%-1.6%3.7%-1.6%8.2%
Rank within sector19 / 300256 / 276132 / 237112 / 20668 / 171
Quartile1st4th3rd3rd2nd
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.
-0.25
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.
1.28
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%.
5.35
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.
4.06
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.
0.04
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.
0.44
Price movement
52 week high127.05
52 week low106.48
Current bid price-
Current offer price-
Current mid price126.21
Region
1USA78.53%
2UK6.48%
3Money Market2.09%
4Germany1.8%
5Luxembourg1.8%
6Russia1.46%
7Brazil1.09%
8Mexico0.98%
9Canada0.96%
Industry sector
1High Yield Bond74.6%
2Investment Grade Corporate Bonds11.12%
3Asset/Mortgage-Backed Securities5.15%
4Corporate Bonds4.32%
5Cash & Cash Equivalents2.09%
6Banks1.78%
7Government Bonds0.94%
Asset type
1US Fixed Interest78.53%
2UK Fixed Interest6.48%
3Money Market2.09%
4German Fixed Interest1.8%
5Luxembourg Fixed Interest1.8%
6American Emerging Fixed Interest1.73%
7Russian Fixed Interest1.46%
8Brazilian Fixed Interest1.09%
9Mexican Fixed Interest0.98%
Individual holdings
1SPRINT NEXTEL CORP 7% BDS 15/08/20 USD20001.71%
2INDYMAC MBS INC 2004-AR7 A2 PERP 31/12/49 USD10001.59%
3AERCAP IRELAND CAP LTD 4.625% BDS 30/10/20 USD1500001.57%
4REYNOLDS GROUP ISSUER INC/LLC/SA SNR SEC FRN 15/07/21 USD 2000 REG S1.51%
5CSC HLDGS LLC 8.625% SR NTS 15/02/19 USD10001.48%
6RESIDENTIAL ASSET SECURITIES CORP FLTG RATE NTS 25/05/33 USD10001.46%
7CWABS INC FRN 15/02/29 USD10001.2%
8US AIRWAYS GROUP INC 6.75% MTG BDS 03/06/21 2012-2 B1.18%
9HCA HLDGS INC 5.875% BDS 15/02/26 USD20001.14%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The Fund seeks to provide a high level of income by investing at least 80% of its Net Asset Value in high-yielding bonds and similar instruments the face value of which is in US Dollars and currencies of a variety of other developed countries. The Fund is a global fund and is not confined to investing in any specific country or region, although it will not be investing more than 30% in emerging market countries.
Benchmark
  • Barclays US High Yield 1-5 Yr Cash Pay Index 2% constrained (USD)
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Western Asset Management Co24/02/2004Western 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, Switzerland, Germany, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Sweden, Taiwan - Province Of China
Legg Mason Western Asset Short Duration High Income Bond A Acc USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price133.12
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTW7
Legg Mason Western Asset Short Duration High Income Bond A Hedged Acc EUR
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price129.46
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTW5
Legg Mason Western Asset Short Duration High Income Bond A(D) Dis USD
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price88.16
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ12
Legg Mason Western Asset Short Duration High Income Bond A(G) Acc USD
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price132.34
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX805
Legg Mason Western Asset Short Duration High Income Bond A(G) Dis USD
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price89.74
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX808
Legg Mason Western Asset Short Duration High Income Bond A(M) Dis 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 price93.15
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBIC4
Legg Mason Western Asset Short Duration High Income Bond B Acc USD
Initial charge-
Annual charge1.35%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price129.31
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTW8
Legg Mason Western Asset Short Duration High Income Bond B(D) Dis USD
Initial charge-
Annual charge1.35%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price88.15
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ13
Legg Mason Western Asset Short Duration High Income Bond B(G) Dis USD
Initial charge-
Annual charge1.7%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price89.85
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX807
Legg Mason Western Asset Short Duration High Income Bond C Acc 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)1.94%
Bid price-
Offer price-
Mid price126.78
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCTW9
Legg Mason Western Asset Short Duration High Income Bond C(D) Dis USD
Initial charge-
Annual charge1.6%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price88.13
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUQ14
Legg Mason Western Asset Short Duration High Income Bond L(G) Acc USD
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price126.21
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX803
Legg Mason Western Asset Short Duration High Income Bond L(G) Dis USD
Initial charge-
Annual charge1.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price89.77
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeX806
Data provided by

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