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LEGG MASON WESTERN ASSET GLOBAL BLUE CHIP BOND A USD - Fund overview

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Overview of LEGG MASON WESTERN ASSET GLOBAL BLUE CHIP BOND A USD

A portfolio of quality G7 corporate bonds issued by nationally recognised, well-established and financially sound companies diversified by sector. Exposure to the financial sector will be capped at 10% and will consist of senior debt only. The fund is targeted at those investors who may currently hold G7 sovereign debt as a defensive measure and may wish to assume more credit risk / yield pick up, but at the same time wish to maintain exposure to high quality credits through a portfolio that is not dominated by the financial sector. The fund will be managed by fixed income specialists Western Asset,a wholely owned subsidiary of the Legg Mason Group.

Standard Initial Charge

No data available.

Fund summary

Sector	–
Product type	OFFSHORE FUND
Launched	June, 2009
Size	–
Yield	0.0%
Charging basis	–
Dividends paid	Acc units only
Bid price	63.72p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	36.28%
Annual management charge	0.80%
Total expense ratio	0.90%
Reduction in yield (10yr)	5.27%

Bestinvest says

No information available.

Portfolio

legg mason western asset global blue chip bond a usd asset allocation illustration

Allocation		Proportion

	Equity	–
	High yield bonds	–
	Quality bonds	100%
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	–

legg mason western asset global blue chip bond a usd equity geographic illustration

Allocation		Proportion

	UK	100%
	Europe	–
	Nth America	–
	Japan	–
	Pacific	–
	Other Equity	–

No data available.

View all performance data for LEGG MASON WESTERN ASSET GLOBAL BLUE CHIP BOND A USD

Investment process

There is no formal credit reference benchmark for the fund instead Western Asset the fund managers will aim to outperform 1-10yr US Treasuries by 2-3%. Whilst the fund adopts a global approach to investment a large proportion of the fund (85%) is expected to be invested in the more liquid US$ credit market. The fund will only invest in plain vanilla corporate credits, the fund will not invest in structured debt or sovereign bonds. The fund will focus on cash securities. derivatives will only be used for EPM purposes. Where credits are downgraded to BBB or below these will be sold in 90 days. All non sterling exposure is hedged.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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