Legg Mason Western Asset US Government Liquidity Fund

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About The Fund

Investment Aim

The Fund, a short-term constant Net Asset Value (CNAV) money market fund, aims to maintain the principal of the Fund and provide a return in line with money market rates by investing at least two-thirds of its Net Asset Value in Money Market Instruments denominated in US Dollars and issued by US Issuers.

Performance Benchmark

FTSE 1 Month US Treasury Bill Index
 
Month-end NAV:
Class A Acc (USD):USD 107.55
Fund Size:USD 901 million
Number of Holdings:62
Current Yield^:1.15%
Weighted Average Life:30 days
Effective Duration:16 days
^ 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 November 2018
 
 
 

About the Investment Strategy

  • The Fund invests at least two thirds of its total asset value in high quality, short-term money market instruments, denominated in US dollars and originated by US issuers.
  • Value is added through credit selection, yield curve positioning, and duration management. Duration measures a portfolio's sensitivity to changes in interest rates.
  • Portfolio risk is controlled through investing in only the highest quality short-term instruments and limiting the maximum maturity of the instruments to 13 months.

About the Investment Team

Founded in 1971, Western Asset has decades of experience in fixed income investing 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. Western's expertise also extends across all of the world's major bond markets.

 
 

Legg Mason Western Asset US Government Liquidity Fund is formerly known as Legg Mason Western Asset US Money Market Fund, the effective date of the name change was 14 January 2018.

The fund does not offer any capital guarantee or protection and as an investment in the fund is not in the nature of a bank deposit. You may not get back the amount invested. Principal Fluctuation: An investment in money market funds is different from an investment in deposits, with particular reference to the risk that the principal invested in a money market fund is capable of fluctuation. No External Support: The Fund does not rely on external support for guaranteeing the liquidity of the Fund or stabilising the NAV per unit or share. Risk of Loss: Any risk of loss of the principal is to be borne by the investor.
 

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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