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Legg Mason Western Asset UK£ Core Plus Bond Fund
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About the Fund
Investment Aim
The Fund's investment objective is to maximise total return through income and capital appreciation.
Performance Benchmark
Bank of America Merrill Lynch Sterling Broad Market Index
- Invests principally in UK issuers denominated in pounds sterling.
- Credit quality: Up to 10% of the Fund's Net Asset Value may be invested in debt securities rated below investment grade or if unrated, deemed by the relevant Sub-Investment Manager to be of comparable quality
About the Investment Strategy
- Construct a portfolio using all major fixed-income sectors.
- Strategy allows for opportunistic investments in high yield, emerging markets and non-US dollar securities.
- Value is added through sector rotation, yield curve positioning, issue selection and duration management.
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.
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. The Fund may, to a limited extent, 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.
The Western Asset UK£ Core Plus Bond Fund was merged into the Legg Mason Western Asset UK£ Core Plus Bond Fund on 19 November 2010 and is now part of the Legg Mason Global Funds plc fund range.