Fact sheet: LM WA Euro High Yield

Fund information

Fund name
Legg Mason Western Asset Euro High Yield A(D) Dis EUR
Fund company manager
Legg Mason Global Funds Plc
Fund type
SIB
Fund manager(s)
Western Asset Management Co
since 17/12/2008
Fund objective
The Fund seeks to provide a high level of current income by investing at least two-thirds of its Net Asset Value in high-yielding debt securities (higher yields are generally available from securities rated below investment grade) that are denominated in Euro. The Sub-Investment Managers may invest all, or substantially all, of the Fund’s Net Asset Value in debt securities rated below Investment Grade.
Benchmark
BofA Merrill Lynch European Currency High Yield Index ex FNCL 2% Hedged
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

6.39 %

1 Year rank in sector

11/28

Sector

FO Fixed Int - EUR High Yield

Yield

2.84

Fund size

£ 100.9 m

FE Risk score

81

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    18.29%
  • USA
    14.22%
  • France
    13.62%
  • Money Market
    12.88%
  • Luxembourg
    8.29%
  • Cyclical Consumer Goods
    23.46%
  • Cash & Cash Equivalents
    17.8%
  • Communications
    16.2%
  • Non-Cyclical Consumer Goods
    12.44%
  • Capital Goods
    6.29%
  • UK Fixed Interest
    18.29%
  • US Fixed Interest
    14.22%
  • French Fixed Interest
    13.62%
  • Money Market
    12.88%
  • Luxembourg Fixed Interest
    8.29%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.73 %3.59 %6.39 %18.57 %36.24 %
Sector0.75 %3.67 %6.17 %15.79 %32.88 %
Rank within sector16 / 2914 / 2811 / 288 / 278 / 23
Quartile th3 rd2 nd2 nd2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund5.7 %8.17 %1.78 %4.52 %7.93 %
Sector5.4 %7.95 %0.85 %3.16 %8.32 %
Rank within sector10 / 2811 / 285 / 278 / 2714 / 24
Quartile th2 nd2 nd1 st2 nd3 rd

Risk statistics

Alpha0.96
Beta0.99
Sharpe0.43
Volatility4.18
Tracking error0.77
Information ratio1.19
R-Squared0.97

Price movement

52 week high106.36
52 week low101.67
Current bid price0
Current offer price0
Current mid price106.33

Holdings by region

  • 18.29% UK
  • 14.22% USA
  • 13.62% France
  • 12.88% Money Market
  • 8.29% Luxembourg
  • 7.64% Italy
  • 7.35% Germany
  • 7.23% Spain
  • 2.48% Netherlands
  • 1.58% Ireland

Holdings by sector

  • 23.46% Cyclical Consumer Goods
  • 17.8% Cash & Cash Equivalents
  • 16.2% Communications
  • 12.44% Non-Cyclical Consumer Goods
  • 6.29% Capital Goods
  • 5.57% Other Industrials
  • 4.39% Basic Industries
  • 4.2% Investment Grade Corporate Bonds
  • 3.44% Others
  • 2.45% Transport

Holdings by asset type

  • 18.29% UK Fixed Interest
  • 14.22% US Fixed Interest
  • 13.62% French Fixed Interest
  • 12.88% Money Market
  • 8.29% Luxembourg Fixed Interest
  • 7.64% Italian Fixed Interest
  • 7.35% German Fixed Interest
  • 7.23% Spanish Fixed Interest
  • 2.48% Dutch Fixed Interest
  • 1.58% Irish Fixed Interest

Individual holdings

  • 2.57% EUROFINS SCIENTIFIC 4.875% UNDATED NTS EUR100000
  • 2.12% ARD FINANCE SA 6.625% BDS 15/09/23 EUR1
  • 1.98% ZIGGO SEC FIN BV 4.25% SNR SEC NTS 15/01/27 EUR REG S
  • 1.91% NUMERICABLE SFR 5.625% BDS 15/05/24 EUR100000 REG S
  • 1.68% ADIENT GLOBAL HOLDINGS LTD 3.5% BDS 15/08/24 EUR100000
  • 1.6% EIRCOM FINANCE DAC 0% BDS 31/05/22 EUR100000 REG S
  • 1.6% TELECOM ITALIA SPA 0% BDS 25/05/26 EUR100000 REG S
  • 1.54% LECTA SA 6.5% GTD 01/08/23 EUR100000 REG S
  • 1.53% SMCP SAS 5.875% BDS 01/05/23 EUR100000
  • 1.52% TELEFONICA EUROPE BV 5.875% UNDATED 10YR GTD SEC EUR100000