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Western Asset Global Sovereign Bond Fund

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About the Fund

Investment Aim

To maximise total return, consistent with preservation of capital, by investing primarily in sovereign debt securities of governments located in developed countries worldwide.

Performance Benchmark

Barclays Capital Global Aggregate - Credit Index (USD Hedged)

Invests in debt securities of governments located in the developed countries around the world
Active hedging of currency exposure
Credit quality: The Investment Manager will only purchase investments that are rated A3/A- or better by a nationally recognised statistical rating organisation (NRSRO).

About the Investment Strategy

Construct a portfolio using all major global investment-grade, fixed-income markets and currencies, with a bias towards government issues.
Value is added through country and currency allocation as well as security selection.
Portfolio risk is controlled through broad diversification across country and sectors and active hedging of currency exposure.

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

Annual Report

Semi-Annual Report

Full Prospectus

Simplified Prospectus

Prospectus Supplement

Application 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 Institutional Funds plc, which describe the full risk factors associated with this Fund.