Fixed Income

BetaShares Legg Mason Australian Bond Fund (managed fund) (ASX: BNDS)

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BetaShares Legg Mason Australian Bond Fund (managed fund) (ASX: BNDS)
Investment Objective

The Fund invests in an actively managed, diversified portfolio of Australian bonds and aims to provide an after-fee return above the Bloomberg AusBond Composite Index over rolling three-year periods. The Fund is managed by Western Asset, a leading fixed income manager and affiliate of Legg Mason. 

Highlights
  • Core fixed income solution – Fund invests in a broad portfolio of Australian government, semi-government, corporate bonds and other eligible fixed income securities. 
  • Regular attractive income – Income paid monthly, and aims to exceed income paid on cash and term deposits. 
  • Diversification & defence – Australian bonds have historically tended to rise in value when Australian shares have fallen, providing diversification benefits and defensive characteristics to portfolios. 
  • Professional active management – Experienced investment management team seeks to add value through a number of sources, including interest rate management (duration and yield curve positioning) and sector and security selection. 
  • Strong risk management focus – Disciplined portfolio construction maintains a key focus on managing interest rate risk by limiting duration to one year away from the benchmark. 
  • Liquidity – Available to trade on ASX like any share, capital not locked away like term deposits. 
  • Transparent – Portfolio holdings, value of the Fund’s assets, yield information and net asset value per unit available daily on our website.
Investment Strategy

Anthony Kirkham, Head of Investment, Western Asset Australia, discusses the strategy behind the Fund.

  • Risks   

    It is important to understand that the value of the investments may go up and down, investment returns are not guaranteed and investors may lose some of their money. The appropriate level of risk for each person depends on a range of factors, including age, investment time frame and the investor’s risk tolerance.

    For more detailed information relating to the risks of the Fund, please refer to the relevant Product Disclosure Statement.

Calendar Performance

As of 
Calendar performance data is not available for selected share class
The reported share class has insufficient data history to be able to show past performance.

  • Past Performance is not a reliable indicator of future performance. Please note all performance figures are quoted net of fees.

Daily Statistics

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Fund Facts

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  • Management costs and Buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.

Three-Year risk statistics (Annualised)

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Literature

Product Literature

Forms & Applications

Regulatory Documents

Featured Documents

Portfolio Characteristics

Portfolio statistics

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Current Yield (%)
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Sector breakdown (%)

As of 29/02/2020
Corporate Investment Grade 42.24
Semi Government 21.04
Commonwealth Government 19.45
Supranational 14.87
Covered Bonds 2.00
Cash 0.40

Credit quality breakdown (%)

As of 29/02/2020
AAA 42.01
AA 24.69
A 21.27
BBB 11.66
Cash 0.37

  • Portfolio holdings and allocation breakdowns are subject to change at any time without notice. The information provided is provided for information purposes only and should not be considered a recommendation to purchase or sell any particular security in the industries shown. Due to rounding totaled percentages may not equal 100%.

    A negative cash position may be apparent, which is primarily due to the Fund's unsettled trade activity. This is a more concise approach to defining the cash position and it best represents sector exposures in the Fund.

One of the world’s leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach.

Qualitative Ratings

  • You should refer to respective research houses (and their disclaimers on this page) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date(s) stated. 

  • About Legg Mason

    Guided by a mission of Investing to Improve LivesTM, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason has won the Fund Manager of the Year three times over the last four years in 2015, 2017 and 2018.

  • Western Asset

    Western Asset Management is one of the world’s leading fixed-income managers. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed-income sectors. Founded in 1971, Western Asset has been recognized for an approach emphasizing team management and intensive proprietary research, supported by robust risk management.

  • The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http:// www.zenithpartners.com.au/RegulatoryGuidelines.

  • The Professional Planner | Zenith Fund Awards are determined using proprietary methodologies. Fund Awards were issued October 2017, 2016 and 2015 and are solely statements of opinion and do not represent recommendations to purchase, hold or sell any securities or make any other investment decisions. Fund Awards are current for 12 months from the date awarded and are subject to change at any time. Fund Awards for previous years are referenced for historical purposes only. 

  • © 2020 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision.)

  • 2020 FE Money Management. All rights reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FE Money Management and Lonsec (2) may not be copied or redistributed (3) do not constitute investment advice offered by FE Money Management or Lonsec (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a security (5) are not warranted to be correct, complete, or accurate. FE Money Management and Lonsec shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. FE Money Management and Lonsec does not guarantee that a fund will perform in line with its Fund Manager of the Year award as it reflects past performance only. Likewise, the Fund Manager of the Year award should not be any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision.

  • The Lonsec Ratings presented are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Legg Mason Asset Management Australia Limited products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings

  • BetaShares Capital Ltd (ABN 78 139 566 868 AFSL 341181) (BetaShares) is the issuer and responsible entity of the BetaShares Legg Mason Australian Bond Fund (managed fund) (ARSN 621 856 406) (Fund). BetaShares has appointed Legg Mason Asset Management Australia Ltd (ABN 76 004 835 849 AFSL 240827) (Legg Mason Australia) as investment manager for the Fund. Legg Mason Australia is part of the Global Legg Mason Inc. group. Western Asset Australia, a division within Legg Mason Australia, provides the investment management services for the Fund. Any reference to ‘Legg Mason Australia’ or ‘Western Asset’ is a reference to Legg Mason Asset Management Australia Limited.  Before making an investment decision you should read the Product Disclosure Statement (PDS) for the Fund carefully and consider, with or without the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. The PDS is available and can be obtained by contacting BetaShares on 1300 487 577 or Legg Mason Australia on 1800 679 541 or at www.betashares.com.au or www.leggmason.com.au. This information does not take into account the investment objectives, financial objectives or particular needs of any particular person. Neither BetaShares, Legg Mason Australia, nor any of their related parties guarantees any performance or the return of capital invested. Past performance is not necessarily indicative of future performance. Investments are subject to risks, including, but not limited to, possible delays in payments and loss of income or capital invested.