Fact sheet: LM WA US Adj Rate

Fund information

Fund name
Legg Mason Western Asset US Adjustable Rate LG Acc
Fund company manager
Legg Mason Global Funds Plc
Fund type
SIB
Fund manager(s)
Western Asset Management Co
since 20/04/2007
Fund objective
The Fund seeks to provider high current income and to limit the degree of fluctuation of its Net Asset Value resulting from movements in interest rates. The Fund seeks to achieve this by investing at least 80% of its Net Asset Value in various types of adjustable rate debt securities issued by U.S. issuers, including variable rate securities, floating rate securities and adjustable rate mortgage-backed and asset-backed securities that are structured as debt securities.
Benchmark
Citigroup 6 Month U.S. Treasury Bill Index
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

-1.13 %

1 Year rank in sector

31/38

Sector

FO Fixed Int - USD Investment Grade

Yield
-
Fund size

£ 7.7 m

FE Risk score

87

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    98.92%
  • Money Market
    1.08%
  • AAA
    84.47%
  • AA
    11.25%
  • A
    3.2%
  • Money Market
    1.08%
  • US Fixed Interest
    98.92%
  • Cash & Cash Equivalents
    1.08%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund-0.06 %-0.53 %-1.13 %-3.84 %-4.63 %
Sector0.12 %0.93 %0.86 %6.04 %12.02 %
Rank within sector20 / 4037 / 4031 / 3833 / 3329 / 29
Quartile th2 nd4 th4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund-0.81 %-0.86 %-1.81 %-1.12 %-0.35 %
Sector2.94 %3.82 %-0.74 %5.96 %-1.08 %
Rank within sector37 / 4035 / 3530 / 3332 / 328 / 32
Quartile th4 th4 th4 th4 th1 st

Risk statistics

Alpha-1.39
Beta0.02
Sharpe-0
Volatility0.3
Tracking error2.64
Information ratio-1.33
R-Squared0.04

Price movement

52 week high93.44
52 week low92.38
Current bid price0
Current offer price0
Current mid price92.38

Holdings by region

  • 98.92% USA
  • 1.08% Money Market

Holdings by sector

  • 84.47% AAA
  • 11.25% AA
  • 3.2% A
  • 1.08% Money Market

Holdings by asset type

  • 98.92% US Fixed Interest
  • 1.08% Cash & Cash Equivalents

Individual holdings

  • 15.29% UNITED STATES OF AMER TREAS NOTES FRN 31/01/19 USD100
  • 14.66% UNITED STATES OF AMER TREAS NOTES FRN 31/10/18 USD100
  • 9.87% UNITED STATES OF AMER TREAS NOTES FRN 30/04/18 USD100
  • 7% UNITED STATES OF AMER TREAS NOTES FRN 31/01/18 USD1000
  • 6.37% FEDERAL F FRN 10/22/18 1.0422%
  • 6.36% FEDERAL F FRN 01/17/18 0.5374%
  • 5.73% UNITED STATES OF AMER TREAS BONDS CNV NTS 31/07/18 USD1000
  • 3.82% CHEVRON CORP FRN 15/11/17 USD1000
  • 3.5% FHLB FRN 11/28/17 0.5390%
  • 3.21% BERKSHIRE HATHAWAY INC FRN 15/03/19 USD2000