Equity

Legg Mason Martin Currie Ethical Income Fund

Annualised Net Performance as of

Daily Statistics as of

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Daily Statistics as of

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Exit Price

APIR Code/ASX Ticker {{shareClass.altcodes.apir}} -

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AUM

Morningstar Rating

Legg Mason Martin Currie Ethical Income Fund
Investment Objective

The Fund aims to provide an after tax income yield above the S&P/ASX 200 Index and to grow this income above the rate of inflation. 

Highlights
  • Aims to deliver a high and growing income stream by investing in quality, ethically screened Australian listed companies
  • Strong focus on income growth to protect purchasing power
  • ESG factors provide a key input into stock selection, retention and realisation

  • 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.

Annualised Performance (%)

As of
The reported share class has insufficient data history to be able to show past performance.
1-y % 3-y % 5-y % 10-y % Inception

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.

(As of ) At NAV excluding sales charges
The reported share class has insufficient data history to be able to show past performance.

  • Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The returns shown have been calculated using the net asset value of the Fund from one period to the next and are after fees and expenses. The return of capital is not guaranteed.

Rolling 12 Month Performance

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

(As of ) At NAV
The reported share class has insufficient data history to be able to show past performance.

Cumulative Performance

As of
The reported share class has insufficient data history to be able to show past performance.
YTD % 1-m % 3-m % 1-y % 3-y % 5-y % 10-y %

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

Daily Statistics

As of
Daily Statistics data is not available for selected share class
Entry Price -
Exit Price -
Total AUM (in millions) -

Fund Facts

Share class inception date
APIR code
Distribution frequency
Management cost
Performance Fee
Buy/Sell spread
Suggested investment timeframe
Unit price frequency

  • 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.

Next 12 Month Dividend Yield Forecast (%)

Forecast unfranked portfolio yield
Forecast franked portfolio yield

  • The yield forecast for the next 12 months is calculated using the weighted average of broker consensus forecasts of each portfolio holding and research conducted by Legg Mason Asset Management Australia Limited and is gross of fees. Neither the yield forecasts nor past performance is a guarantee of future results.

Three-Year risk statistics (Annualised)

As of
Three Year Risk Statistics data is not available for selected share class
Risk adjusted alpha
Beta
Standard deviation (%)
Information ratio
Tracking error (%)
R-squared (%)
M-squared (%)
Treynor ratio
Sharpe ratio

Literature

Product Literature

Forms & Applications

Regulatory Documents

Featured Documents

Portfolio Characteristics

Portfolio statistics

As of
Number of Holdings
Percentage of top 10 holdings (%)

Sector breakdown (%)

As of 31/05/2020
Non-bank financials 19.29
Banks 15.78
Consumer Discretionary 14.03
Communication Services 11.91
Real Estate 10.78
Utilities 10.12
Materials 6.02
Energy 5.47
Industrials 3.39
Consumer Staples 2.06
Cash & Cash Equivalents 1.16

Country of issue (%)

As of 31/05/2020
Australia 90.23
New Zealand 8.60
Cash & Cash Equivalents 1.16

  • 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.

Martin Currie builds global, stock-driven portfolios based on fundamental research, devoting all of its resources to delivering optimum investment outcomes and superior client relationships.

Reece Birtles, CFA, GAICD

Chief Investment Officer

With firm since 1995

Will Baylis

Portfolio Manager

With firm since 2013

Holdings

Top 10 Holdings (%)

As of 31/05/2020
National Australia Bank Ltd 5.51
Telstra Corp Ltd 5.21
Rio Tinto Ltd 4.91
Australia & New Zealand Banking Group Ltd 4.68
Wesfarmers Ltd 4.67
Medibank Pvt Ltd 4.52
JB Hi-Fi Ltd 4.25
Contact Energy Ltd 3.84
Spark New Zealand Ltd 3.61
Insurance Australia Group Ltd 3.42

Detailed Holdings

Detailed Holdings data is not available for selected share class
Par/Shares Securities description Market value % of investments Country Maturity Date Asset Type S&P Credit Quality Moodys Credit Quality

  • Portfolio holdings 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. Due to rounding totaled percentages may not equal 100%.

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. 

  • Martin Currie

    Martin Currie, our global equity specialist manager, has a presence in Australia since 1954. Today Martin Currie is a leading provider of active equity solutions, managing a growing suite of equity, multi-sector and tailored strategies.

  • 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.

  • 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 Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence. The Responsible Investment Certification Program helps investors by providing standardised and consistent information about certified responsible investment products, services and policies. The Certification Symbol signifies that an investment product, service or policy takes environmental, social, governance or ethical considerations into account along with financial returns; and that the Fund has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.

  • 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

  • Legg Mason Asset Management Australia Ltd (ABN 76 004 835 849 AFSL 240827) is part of the Global Legg Mason Inc. group. Any reference to Legg Mason Australia or Martin Currie Australia is a reference to Legg Mason Asset Management Australia Limited. Martin Currie Australia is a division within Legg Mason Asset Management Australia Limited. Before making an investment decision you should read the Product Disclosure Statement (PDS) for the Fund carefully and you need to 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 Legg Mason Australia on 1800 679 541. This product has not been prepared to take into account the investment objectives, financial objectives or particular needs of any particular person. Neither Legg Mason Australia, nor any of its 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. These opinions are subject to change without notice and do not constitute investment advice or recommendation.