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Western Asset UK£ Credit Plus Bond Fund

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About the Fund

Investment Aim

To maximize total return through income and capital appreciation by investing at least 50 per cent of the Fund in corporate debt securities and debt securities issued by supranational organizations and denominated in sterling. The fund will have no more than 20 per cent exposure to non-sterling currency.

Performance Benchmark

iBoxx Sterling Non-Gilts Total Return

Invests at least 50 per cent in corporate debt securities and debt securities issued by supranational organisations.
Exposure to high yield, emerging markets and non-sterling securities
Credit quality: Up to 30% of the Fund's Net Asset Value may be invested in debt securities rated below investment grade by a nationally recognised statistical rating organisation (NRSRO) at the time of purchase.

About the Investment Strategy

Construct a portfolio emphasizing the non-government sectors
Value is added through sub-sector rotation, issue selection, duration, yield curve
Strategy allows for investments in high yield, emerging markets and non-sterling securities.

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

Annual Report

Semi-Annual Report

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.