Legg Mason Western Asset Diversified Strategic Income Fund

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About The Fund

Investment Aim

The Fund seeks to provide a high level of current income by investing at least two-thirds of its Total Asset Value in debt securities across the major fixed-income sectors that are denominated in US dollars, and currencies of a variety of other developed countries. The Fund may invest up to 35% of its Total Asset Value in high yielding debt securities which shall include securities rated BB or lower by S&P, or an equivalent quality.

Performance Benchmark

Citigroup 1 Month US Treasury Bill Index
 
Class A AccClass A Dis (D)
NAV:USD 113.96USD 89.81
High*USD 115.34USD 99.79
Low*USD 80.21USD 72.01
* Based on since inception month end prices
 
Fund Size:USD 45 Million
Current Yield^:5.11%
Number of Holdings:207
Weighted Average Life:6.65 years
Effective Duration4.50 years
S&P Credit Quality:BBB+
^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 December 2011.
 
 
 

About the Investment Strategy

  • The Fund is invested across global fixed income markets with a bias towards more developed countries
  • A low duration is targeted to meet the high current income objective while at the same time dampening return volatility. Duration measures a portfolio's sensitivity to changes in interest rates.
  • Portfolio holdings are diversified across fixed income sectors, including government securities, both investment and non-investment grade corporate bonds, and mortgage-backed securities.
  • Additional diversification is achieved across issuers, currencies and maturities within each fixed income sector to minimise volatility.
  • The Fund aims to maintain an average credit quality of A+.

    • 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.