Legg Mason Western Asset Global Multi Strategy Fund

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About the Fund

Investment Aim

The Fund seeks to maximise total return through income and capital appreciation by investing primarily in debt securities across the major fixed-income sectors that are listed or traded in developed and emerging market countries and denominated in US dollars, Japanese yen, pound sterling, euro and a variety of other currencies. The Fund will have a substantial portion invested in debt securities rated at least BBB by S&P, or equivalent quality, but may also invest in high yielding debt securities which are of a lesser quality.

Performance Benchmark

50% Barclays Capital Global Aggregate, 25% Barclays Capital US Corporate High Yield - 2% Issuer Cap (USD), and 25% JP Morgan EMBI+ Index.
 
  • Invests across global fixed income markets, sectors and currencies in both developed and emerging market countries.
  • Managed by one of the world's largest fixed income managers.
  • Standard & Poor's fund management rating: A.
 
 
 

About the Investment Strategy

  • The Fund is invested across global fixed income markets, sectors and currencies in both developed and emerging market countries.
  • The Fund's allocation among fixed income sectors is actively managed with a focus on sectors such as 'investment grade' and high yield corporate bonds, government bonds, asset-backed securities, and mortgage-backed securities.
  • As value investors, the investment manager may focus on sectors and issuers that are undervalued or out-of-favour in the market but have the potential to outperform.
  • The Fund aims to maintain an average credit quality of A-/A3.

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
Fact Sheet - EUR Hedged
Fact Sheet - USD Acc
Fact Sheet - Premier Class - EUR
Fund Highlights
Commentary
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. The Fund may invest in emerging markets that may be less liquid and may have less reliable custody arrangements than mature markets and may involve a higher degree or risk. 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