Legg Mason Western Asset Singapore Bond Fund

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About The Fund

Investment Aim

Seeks to achieve yield enhancement by aiming to outperform the benchmark in Singapore dollar terms via active but prudent management of a portfolio comprising Singapore bonds, cash and cash equivalent instruments.

Performance Benchmark

J.P Morgan Singapore Government Bond Index (S$)*.

CPF Investment Scheme

Included under the CPF Investment Scheme (Ordinary and Special Account)
Month-end NAV:
Class A (SGD) Acc:SGD 1.929
Class B (SGD) Acc:SGD 2.087
Fund Size:SGD 26.81 million
All data are as of 30 June 2019

About the Investment Strategy

  • Seeks to achieve a return above the Singapore Dollar fixed deposits over time through investments primarily in domestic fixed income securities and money market instruments, and limited diversification into foreign AAA government bonds.
  • There is no emphasis or restriction on the kind of debt securities or rating of debt securities in which the fund will invest
  • The investments are to be made after analysing historic and expected interest rate movements, among other factors, and when necessary, engaging in foreign exchange transactions for purposes of hedging foreign exchange exposure on foreign currency bonds may be engaged

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.

*With effect from 3 April 2017, the benchmark will be changed from UOB Singapore Government Bond Index All (S$) to J.P Morgan Singapore Government Bond Index (S$) . Prior to 1 October 2006, the benchmark was 70% 3-month SIBID and 30% UOB SGS Index.

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 fund may invest in derivatives for hedging or efficient portfolio management purposes. 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.

The minimum CPF interest rate for the Ordinary Account (OA) is 2.5% per annum. As announced in September 2018, the Government will maintain a 4%per annum minimum rate for interest earned on all Special Account and Medisave Account (SMA) and Retirement Account (RA) monies until 31 December 2019. Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% per annum unless otherwise announced by the Government. The first S$60,000 of your combined CPF accounts earns an extra 1% interest.To enable members to earn extra interest, only monies in excess of S$20,000 in your OA and S$40,000 in your Special Account can be invested. Please visit the CPF Board website for information on how the CPF interest rate is calculated.

Investors should note that the applicable interest rates for each of the CPF accounts may be varied by the CPF Board from time to time. Subscriptions using CPF monies shall at all times be subject to inter alia regulations and such directions or requirements imposed by the CPF Board from time to time.

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