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Western Asset US$ Shorter Duration Fund

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About the Fund

Investment Aim

To maximise current income, consistent with the preservation of capital, by investing primarily in high quality, short-term debt securities of US issuers.

Performance Benchmark

Merrill Lynch 3-Month LIBOR Index
 
  • Invests primarily in short term debt securities of US issuers
  • Bias towards corporate securities
  • 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 sectors with a bias towards non-treasuries, especially corporate, mortgage-backed and asset-backed securities.
  • Value is added through sector rotation, issue selection and term structure weighting.

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.