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
 
  • Invests across global fixed income markets with a bias towards more developed countries.
  • Managed by one of the world's largest fixed income managers.
 
 
 

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
Annual Report
Semi-Annual Report
Full Prospectus
Simplified Prospectus
Prospectus Supplement
Initial Application Form
Subsequent Subscription Form
Redemption Form
 
 
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. The Fund may invest in 'non-investment grade' bonds, which carry a higher degree of default risk than 'investment grade' bonds and may have an increased potential to erode capital. 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