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Western Asset UK£ Long Duration Bond Fund

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About the Fund

Investment Aim

To maximise total return through income and capital appreciation by investing primarily in longer duration debt securities of U.K. issuers denominated in sterling.

Performance Benchmark

50% FTSE-A Gilts Over 15 Years Index & 50% Merrill Lynch Sterling Non-Gilts
 
  • Focus on longer duration UK securities denominated in sterling
  • 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 all major 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

pdf Fact Sheet
pdf Annual Report
pdf Semi-Annual Report
pdf Full Prospectus
pdf Simplified Prospectus
pdf Prospectus Supplement
pdf 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.