Legg Mason Western Asset Global High Yield Fund

Adjust Font Size

About The Fund

Investment Aim

The Fund’s primary aim is to generate total return by investing at least 70% of its Total Asset Value in high-yielding debt securities (higher yields are generally available from securities rated below investment grade). The Fund is a global fund and is not confined to investing in any specific country or region, although it is expected that it will invest in at least 10 different countries and will not be investing more than 45% in high-yielding emerging market countries.

Performance Benchmark

Barclays Capital Global High Yield Index Value, USD Hedged (80% Citigroup High Yield Market Index; 20% JPMorgan Emerging Markets Bond Index Global prior to 01/05/2009).

	Class A Acc	Class A Dis (Q) (Hedged)
NAV:	USD 127.34	SGD 0.964
High*	USD 127.34	SGD 1.029
Low*	USD 64.39	SGD 0.899
* Based on since inception month end prices

Fund Size:	USD 493 Million
Current Yield^:	8.03%
Number of Holdings:	398
Weighted Average Life	5.83 years
Effective Duration	4.21 years
S&P Credit Quality:	BB-

^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 applied costs. All data are as of 31 March 2012.

About the Investment Strategy

The Fund is focused on non-investment grade corporate bonds denominated in US dollars.

Diversification is achieved by spreading portfolio investments across a wide range of bond issuers in different industry sectors and countries.

The Fund aims to maintain an average credit quality of B+.

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.

General Fund Literature

Fact Sheet
Prospectus
Product Highlight Sheet
Annual Report
Interim Report

This document, prepared by Legg Mason Asset Management Singapore Pte. Limited ("Legg Mason"), is for information only and does not constitute an offer nor solicitation to buy or sell any units of the Fund. The prospectus of the Fund is available and may be obtained from Legg Mason or its authorised distributors. 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. An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. The value of units and the income accruing to the units, if any, may fall or rise and past performance is not necessarily a guide for future performance.

The Fund may invest in certain types of derivatives. Please refer to the prospectus for more information.

All opinions and estimates in this document constitute Legg Mason's house view as of the date of this document and is subject to change without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

Distribution of this document may be restricted in certain jurisdictions; persons into whose possession this publication comes should inform themselves of and observe such restrictions. 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 this document. This Fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.