Legg Mason Western Asset US Adjustable Rate Fund

Adjust Font Size Increase font size Decrease font size    
 

About the Fund

Investment Aim

The Fund seeks to provider high current income and to limit the degree of fluctuation of its Total Asset Value resulting from movements in interest rates. The Fund seeks to achieve this by investing at least 80% of its Total Asset Value in various types of adjustable rate debt securities issued by US issuers, including variable rate securities, floating rate securities and adjustable rate mortgage-backed and asset-backed securities that are structured as debt securities.

Performance Benchmark

Citigroup 6 Month US Treasury Bill Index
 
  • Seeks to generate income while preserving capital.
  • Managed by one of the world's largest fixed income managers.
 
 
 

About the Investment Strategy

  • The Fund seeks to generate higher income than a money market fund.
  • The Fund invests in a variety of asset classes including mortgages and asset-backed securities.
  • The Fund aims to maintain an average credit quality of AAA.

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 Asset's philosophy is to provide diversified, tightly controlled, value-oriented portfolios through a focus on long-term fundamental value investing and by applying multiple diversified strategies.

 
 
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. Please refer to the Simplified Prospectus and Prospectus documentation for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund