Legg Mason Western Asset Global Multi Strategy Fund

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About The Fund

Investment Aim

The Fund seeks to maximise total return through income and capital appreciation by investing primarily in debt securities across the major fixed-income sectors and that are listed or traded in developed and emerging market countries and the face value of which is in U.S. dollars, Japanese yen, pound sterling, euro and a variety of other currencies.

Performance Benchmark

There is no Fund Benchmark
 
Month-end NAV:
Class A Acc (USD):USD 156.21
Class A Dis (M)(USD):USD 96.15
Class A Dis (M)(SGD)(Hedged):SGD 0.991
Fund Size:USD 703 million
Number of Holdings:281
Current Yield^:5.92%
Weighted Average Life:7.21 years
Effective Duration4.20 years
^ Current yield (gross of expenses), is not representative for an individual share class as the yield does not deduct the Total Expense Ratio or any applicable taxes and other locally costs
All data are as of 30 April 2019
 
 
 

About the Investment Strategy

  • The Fund is invested across global fixed income markets, sectors and currencies in both developed and emerging market countries.
  • The Fund's allocation among fixed income sectors is actively managed with a focus on sectors such as 'investment grade' and high yield corporate bonds, government bonds, asset-backed securities, and mortgage-backed securities.
  • As value investors, Western Asset may focus on sectors and issuers that are undervalued or out-of-favour in the market but have the potential to outperform.
  • The Fund aims to maintain an average credit quality of A-/A3.

About the Investment Team

Founded in 1971, Western Asset has decades of experience and is now one of the world's largest managers of fixed income investments. Western Asset follows a team-focused approach comprising groups of specialists dedicated to all the major areas of the fixed income market. Its expertise extends globally across major bond markets.

 
 
 

The Fund may invest in certain types of derivatives for investment and / or efficient portfolio management purposes. Please refer to the prospectus for more information. Distributing Plus share classes may pay dividend out of capital.The payment of dividends out of capital effectively amounts to a return or withdrawal of an investor’s original capital investment or of capital gains attributable to that original investment. Such distribution will result in a corresponding immediate decrease in the Net Asset Value of these share classes.

This document, provided by Legg Mason Asset Management Singapore Pte. Limited ( “Legg Mason” ) (Registration Number (UEN): 200007942R), is for information only and does not constitute an offer or solicitation to buy or sell any units in any fund.

The prospectus of the fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should check with Legg Mason or its authorised distributors on whether a particular class of the fund is available for subscription. Investors should read the prospectus prior to any subscription. All applications for units in the fund must be made on the application forms accompanying the prospectus. Past performance is not necessarily indicative of future performance. All investments involve risk, including possible loss of principal.The value of the units in the fund and the income accruing to the units, if any, may fall or rise.

Distribution of this document may be restricted in certain jurisdictions. Any persons coming into possession of this document should seek advice for details of, and observe, such restrictions (if any).This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. This fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.

Neither Legg Mason nor any officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this document or its contents. The information in this document is confidential and proprietary and may not be used other than by the intended user.This document may not be reproduced, distributed or published without prior written permission from Legg Mason.

The mention of any individual securities / funds should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities / funds is not a sufficient basis upon which to make an investment decision. Portfolio allocations, holdings and characteristics are subject to change at any time. Although information has been obtained from sources that Legg Mason believes to be reliable, no guarantee can be given as to its accuracy and such information may be incomplete or condensed and may be subject to change at any time without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

 
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