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Western Asset Global Opportunistic Bond Fund

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About the Fund

Investment Aim

To maximize total return, through income and capital appreciation by investing primarily in the global fixed income markets as opportunities arise. The Fund will invest primarily in debt securities denominated in various currencies, with a bias toward non-sovereign debt securities, including corporate debt securities, mortgage-backed securities, and debt securities of issuers that are domiciled in Emerging Markets countries.

Performance Benchmark

No benchmark has yet been assigned as this fund is not yet seeded

Invests primarily in corporate debt securities denominated in various currencies
Credit Quality: The Investment Manager, in its discretion, will invest in both debt securities rated investment grade and in unrated securities below investment grade by an NRSRO.

About the Investment Strategy

Construct a portfolio using all major global investment-grade fixed income markets and currencies with a bias towards non-sovereign debt securities.
Value is added through issuer selection, sub-sector allocation and ratings allocation.
Portfolio risk is controlled through broad diversification across markets and sector.
The Fund may opportunistically invest in a concentrated or limited number of issuers or sectors.

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. 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 of risk. 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.