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Western Asset UK£ Core Bond Fund

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About the Fund

Investment Aim

To maximise total return, through income and capital appreciation, by investing primarily in debt securities denominated in pounds sterling. Up to one-third of the Fund's Total Asset Value may be invested in debt securities denominated in other currencies, provided that no more than 10% of the Fund's Total Asset Value is exposed to currencies other than pounds sterling.

Performance Benchmark

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

Invests across investment grade securities denominated in pounds sterling.
Average duration 3-15 years
Credit quality: The Investment Manager will only purchase investments that are rated at least investment grade by a nationally recognised statistical rating organisation (NRSRO).

About the Investment Strategy

Construct a portfolio using investment-grade fixed-income markets and sectors.
Value is added through duration, yield curve, sector rotation, issue selection and non-U.K. exposure.
Market risk is controlled by constraining duration and 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.