Fact sheet: Legg Mason IFWARetIncBond

Fund information
Fund name
Legg Mason IF Western Asset Retirement Income Bond X Inc
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund manager
  • Western Asset Management Cosince 12/02/1998
Fund objective
The fund's goal is to provide a regular income, greater than current interest rates in the UK, whilst maintaining the value of the fund.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5%
1 Year rank in sector
76/92
Sector
UT Sterling Corporate Bond
Yield
3.6%
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.
0.45%
Fund size
£15m (£23m 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.
17
Mid price
96.95
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.5%
F&C Instl Lg Dtd Corp Bd12%
Henderson Inst Long Dat Cr11.9%
Insight UK Corp Lg Mat Bd11.9%
Newton Long Corporate Bond11.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • USA39.1%
    UK27.8%
    Not Specified9.5%
    France6.6%
    Switzerland4.3%
  • High Yield Bond29.1%
    Banks20.8%
    Government Bonds20.2%
    Energy6.5%
    Non-Cyclical Consumer Goods6.5%
  • US Fixed Interest39.1%
    UK Fixed Interest27.8%
    Global Fixed Interest9.5%
    French Fixed Interest6.6%
    Swiss Fixed Interest4.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-1.9%1.5%5%6.5%13%
Sector-1.4%-4.6%2.6%6.7%17.6%34.2%
Rank within sector19 / 9713 / 9481 / 9476 / 9282 / 8770 / 71
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund6.1%-0.7%1.2%-1.1%6.3%
Sector7.3%-0.3%10.1%0.2%12.1%
Rank within sector70 / 9263 / 9087 / 8768 / 7868 / 71
Quartile4th3rd4th4th4th
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.
0.26
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.
0.34
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%.
2.43
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.
3.85
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.
-0.8
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.
0.54
Price movement
52 week high99.84
52 week low92.93
Current bid price-
Current offer price-
Current mid price96.95
Region
1USA39.12%
2UK27.75%
3Not Specified9.51%
4France6.56%
5Switzerland4.25%
6Money Market4.15%
7Australia4%
8Germany2.44%
9Sweden2.22%
Industry sector
1High Yield Bond29.14%
2Banks20.75%
3Government Bonds20.19%
4Energy6.51%
5Non-Cyclical Consumer Goods6.46%
6Money Market6.3%
7Oil & Gas2.89%
8Cyclical Consumer Goods2.65%
9Asset/Mortgage-Backed Securities2.64%
Asset type
1US Fixed Interest39.12%
2UK Fixed Interest27.75%
3Global Fixed Interest9.51%
4French Fixed Interest6.56%
5Swiss Fixed Interest4.25%
6Money Market4.15%
7Australian Fixed Interest4%
8German Fixed Interest2.44%
9Swedish Fixed Interest2.22%
Individual holdings
1LEGG MASON WESTERN ASSET US HIGH YIELD LM DIS USD9.63%
2NESTLE FINANCE INTL LTD 2.25% NTS 30/11/23 GBP10002.34%
3UNITED TECHNOLOGIES CORP 6.125% SRN 01/02/19 USD10002.23%
4BNP PARIBAS 3.25% BDS 03/03/23 USD10002.22%
5ENGIE SA 1.625% BDS 10/10/17 USD10002.11%
6WELLS FARGO & CO 2.625% BDS 15/12/16 USD10002.11%
7TREASURY 3.75% GILT 07/09/19 GBP0.012.08%
8TREASURY 3.75% GILT 7/9/20 GBP0.012.08%
9GOLDMAN SACHS GROUP INC 6.0% BDS 15/06/20 USD10002.02%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
The fund's goal is to provide a regular income, greater than current interest rates in the UK, whilst maintaining the value of the fund.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Western Asset Management Co12/02/1998Western 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
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF Western Asset Retirement Income Bond A
Initial charge-
Annual charge0.3%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price86.17
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJY03
Legg Mason IF Western Asset Retirement Income Bond B
Initial charge-
Annual charge0.3%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.44%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price91.25
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJY60
Legg Mason IF Western Asset Retirement Income Bond I
Initial charge-
Annual charge0.3%
Min single investment£25,000,000
Min regular saving£5,000,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN7E9
Legg Mason IF Western Asset Retirement Income Bond X Acc
Initial charge-
Annual charge0.3%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMWUP
Legg Mason IF Western Asset Retirement Income Bond X Inc
Initial charge-
Annual charge0.3%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.95
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVDF
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.