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Legg Mason Western Asset US Money Market Fund
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About the Fund
Investment Aim
The Fund’s investment objective is to maintain the principal of the Fund and provide a return in line with money market rates. *
Performance Benchmark
Citigroup 1 Month US Treasury Bill Index
- Seeks to maintain the principal of the Fund and provide a return in line with money market rates.
- Managed by one of the world's largest fixed income managers.
About the Investment Strategy
- The Fund invests at least two thirds of its total asset value in high quality, short-term money market instruments, denominated in US dollars and originated by US issuers.
- These may include obligations issued by various types of issuers, including private issuers and financial institutions, the U.S. government, its agencies or instrumentalities.
- The Fund will limit the Weighted Average Maturity of its portfolio to 60 days or less and will limit the Weighted Average Life of its portfolio to 120 days or less.
- A minimum of 95 per cent of the Fund’s Net Asset Value will be rated at least A-1 or Prime-1.
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.
*On 1 July 2011 the Fund’s Investment Objective and Policy was realigned to UCITS IV disclosure requirements. With respect to investments acquired before 1 July 2011, in accordance with the prospectus for the Company dated 13 October 2010, the Fund may continue to hold such investments until 31 December 2011.
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.