Legg Mason Western Asset Global Blue Chip Bond Fund

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About the Fund

Investment Aim

The Fund seeks to achieve total return through income and capital appreciation by investing in debt securities that are rated A- or higher by S&P or other agencies, or equivalent quality, including corporations and supernational organisations whose long-term debt is rated A- or higher by S&P or other agencies, or equivalent quality. The Fund may invest in securities issued or guaranteed by national governments, their agencies, instrumentalities and political sub-divisions but the Fund will only invest in corporate debt securities that are senior securities, meaning they have priority over other securities in a claim against or the bankruptcy of the issuer.

Performance Benchmark

Merrill Lynch 1-10 Year US Treasury TR Index
 
  • Seeks to take advantage of the historically wide spreads in the credit sector of the fixed income markets to offer attractive returns relative to government bonds.
  • Emphasis will be on higher quality and more liquid investment grade corporate bonds issued by "blue chip" companies.
 
 
 

About the Investment Strategy

  • Construct and maintain an unleveraged, diversified investment grade credit portfolio incorporating bottomup credit analysis together with top-down macro-economic views in a risk-oriented framework.
  • Added value is sought through issuer and issue selection and sector/industry rotation.
  • Blue Chip credit portfolios will invest in bonds denominated in the currencies of the permitted domiciles and will be 100% hedged to US dollars. GBP and EUR hedged share classes are available.

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 (GBP Hedged Share Class)
Commentary
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. 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.