Fixed Income

ISIN {{shareClass.altcodes.isin}} -

Share Class Inception Date

Performance Inception Date

AUM

Morningstar Rating

Fund AIM

The Fund seeks to generate positive returns that are independent of market cycles, through income and capital appreciation, by investing at least 70% of its Net Asset Value in debt securities, convertible securities that can be exchanged into shares, investment funds, and financial contracts, which are listed or traded anywhere in the world. The Fund may take advantage of the entire range of maturities and durations when purchasing debt securities, and may adjust the average duration of the Fund's investments from time to time. 

Fund Managers

David F. Hoffman, CFA
Stephen S. Smith
Jack P. McIntyre, CFA
Anujeet Sareen, CFA

  • The value of investments and the income from them may go down as well as up and you may not get back the amount you originally invested. 

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.

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 %

Calendar Year 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.

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

(As of ) At NAV
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.

  • Past performance is not a reliable indicator of future results. Source for performance figures - Legg Mason. NAV to NAV, with gross income reinvested without initial charges but reflecting annual management fees. Sales charges, taxes and other locally applied costs have not been deducted, had they been deducted performance results would be lower. Investment return and principal value of an investment in the Fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Comparisons to relevant indexes and peer groups are included as a standard against which the performance of a fund can be measured. Index and peer group returns do not reflect any fees, expenses or sales charges. An investor cannot invest directly in an index or peer group. 
    Source for sector median performance: Copyright - © 2019, Morningstar Inc. All Rights Reserved.The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For more information, visit www.morningstar.co.uk.

    From 25 March 2019, the pricing of securities held in the Fund will use the mean (or mid) value of the bid and ask prices, to calculate the Fund’s Net Asset Values (“NAV”). The Fund previously used a bid price methodology for fixed income securities, and last traded price for equity securities.

    " - " indicates no data available.

  • Performance shown includes periods prior to the Fund’s inception date, reflecting performance of a predecessor fund with a substantially similar investment objective and policy and whose assets were transferred into this Fund on the date indicated above. The performance data should be used for illustrative purposes only, as performance prior to the inception date has not been adjusted to reflect the higher fees of the Fund.

Fund Facts

Fund inception date
Share class inception date
Predecessor Fund inception date
Benchmark
Domicile
Base Currency
Distribution frequency
Annual management fee (%)

Daily Statistics

As of
Daily Statistics data is not available for selected share class
NAV -
Change -
% Change -
12-month high -
12-month low -
Total AUM (in millions) -

Fund codes

Fund Codes data is not available for selected share class
ISIN
Bloomberg
CUSIP
SEDOL
WKN
Valorennummer

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 (%)
M-squared (%)

Charges

Minimum initial investment
Entry Charge
Exit Charge
Ongoing Charge
Performance Fee

Portfolio Characteristics

Portfolio statistics

As of
Number of Holdings
Current yield (%)
Yield to worst (%)
Average credit quality
Weighted Average Maturity
Weighted Average Life
Percentage of top 10 holdings (%)

Currency Exposure (%)

As of 30/09/2019
US Dollar 44.67
British Pound 10.80
Mexican Peso 10.30
Australian Dollar 7.79
Chilean Peso 6.29
Norwegian Krone 6.04
Colombian Peso 5.14
Polish Zloty 5.04
Indonesian Rupiah 4.97
Swedish Krona 4.90
Malaysian Ringgit 4.72
Brazilian Real 4.53
South Korean Won 3.92
New Zealand Dollar 3.83
Czech Koruna 2.03
Russian Ruble 1.33
Euro -4.34
Singapore Dollar -4.94
Japanese Yen -17.00

Sector breakdown (%)

As of 30/09/2019
Government Sovereign 67.97
Corporate Bond 27.24
Government Owned - No Guarantee 1.16
Mortgage Backed Securities 0.61
Bond Futures 0.28
Currency Forwards -0.55
Cash 3.30

Country Allocation (%)

As of 30/09/2019
United States 50.78
Mexico 15.30
Colombia 4.85
Malaysia 4.72
Brazil 4.53
Germany 4.51
Poland 4.28
Indonesia 3.97
Australia 3.66
United Kingdom 0.61
France 0.03
Currency Forwards -0.55
Cash & Cash Equivalents 3.30

Credit quality breakdown (%)

As of 30/09/2019
AAA 31.37
AA 1.62
A 41.98
BBB 17.22
BB 4.52
Cash 3.29

  • Percentages are based on total portfolio as of date displayed and are subject to change at any time. Holdings and allocations breakdowns are provided for information purposes only and should not be deemed a recommendation to buy or sell the securities mentioned or securities 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. 

Literature

Product Literature

Forms & Applications

Regulatory Documents

Featured Document

Acting with conviction and discipline, we look beyond short-term, conventional thinking to rigorously pursue long-term value across differentiated fixed income, equity, and alternative solutions.

Holdings

Top 10 Holdings (%)

As of 30/09/2019
UNITED STATES TREASURY FLOATIN 2.0532% Mat 04/30/2021 16.44
UNITED STATES TREASURY FLOATIN 1.9592% Mat 10/31/2020 6.03
UNITED STATES TREASURY FLOATIN 2.1342% Mat 07/31/2021 5.74
MEXICO ST 7.75% 11/13/42 5.23
COLOMBIAN TES 6.0000% Mat 04/28/2028 4.77
GOLDMAN SACHS GROUP INC SR UNS 2.8976% Mat 02/23/2023 4.32
INDONESIA 9% 03/15/29 3.40
MEX BONOS DESARR FIX RT 8.5000% Mat 11/18/2038 3.35
MEXICO ST 8.5% 05/31/29 3.13
GENERAL MOTORS FINL CO COMPANY 3.2334% Mat 04/13/2020 2.68

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. This information is provided for information purposes only and should not be construed as a recommendation to purchase or sell any security. The summation of the "Total Net assets %" may not equal 100%. Any difference is due to the portfolio's allocation to cash and cash equivalents.

    Derivatives, if any, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.

  • Distributions are not guaranteed and are subject to change.

  • IMPORTANT INFORMATION

    This is a sub-fund of Legg Mason Global Funds plc (" LMGF plc"). LMGF is an open-ended investment company with variable capital, organised as an undertaking for collective investment in transferable securities (" UCITS").   LMGF is authorised in Ireland by the Central Bank of Ireland.

    Information has been prepared from sources believed reliable. It is not guaranteed in any way by any Legg Mason, Inc. company or affiliate (together "Legg Mason").

    Before investing investors should read in their entirety LMGF plc's application form and a fund's share class KIID and the Prospectus (which describe the investment objective, charges and expenses, and risk factors in full). These and other relevant documents are available under the Literature tab. Read them carefully before investing.