Money Market

Legg Mason Western Asset US Government Liquidity Fund

ISIN {{shareClass.altcodes.isin}} -

Share Class Inception Date

Performance Inception Date

AUM

Morningstar Rating

Fund AIM

The Fund is a sub-fund of Legg Mason Global Funds plc, an open-ended umbrella investment company constituted in Ireland. The Fund, a short-term constant Net Asset Value (CNAV) money market fund, aims to maintain the principal of the Fund and provide a return in line with money market rates by investing at least two-thirds of its Net Asset Value in Money Market Instruments denominated in US Dollars and issued by US Issuers.

Fund Manager

Kevin Kennedy
Legg Mason Western Asset US Government Liquidity Fund

  • Performance for periods above one year is annualised.

Cumulative Performance (%)

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

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.
- Inclusive of Sales Charge
- Inclusive of Sales Charge

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.
- Inclusive of Sales Charge
- Inclusive of Sales Charge

  • Legg Mason Western Asset US Government Liquidity Fund is formerly known as Legg Mason Western Asset US Money Market Fund, the effective date of the name change was 14 January 2019.
    On 20 April 2007, all assets from the predecessor fund (which has a substantially similar investment objective and policy and managed by the same portfolio management team) have been transferred into this Fund.
    The annual management fee for Class A share classes of Legg Mason Western Asset Government Liquidity Fund is currently 0.60% per annum (but can be charged up to 0.80% per annum).

Fund Facts

Fund inception date
Share class inception date
Benchmark
Domicile
Base Currency
Distribution frequency
Annual management fee (%)
Benchmark: FTSE 1 Month U.S.Treasury Bill Index. 31 May is the common inception date between both the benchmark and Class A Acc. (USD) share. The actual inception date of Class A Acc. (USD) share is 8 May 2007.

Daily Statistics

As of
Daily Statistics data is not available for selected share class
Amortized NAV -
Market-to-Market Price -
Difference -
1-Day Net Yield -
7-Day Net Yield -
Weighted Average Maturity -
Weighted Average Life -
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 (%)
R-squared (%)
Treynor ratio
Sharpe ratio

 

1-Day Net Yield reflects net interest income for that day and assumes that the same income is generated each day over a 365-day period.
7-Day Net Yield reflects net interest income generated by the investments during the applicable period and assumes that the same income is generated each period over a 365-day period.

  • Risk Statistics Definitions:
    Risk Adjusted Alpha :
    Measures the difference between a fund’s actual returns and its expected performance, given its level of risk as measured by beta. 
    Beta :Measures the sensitivity of the fund to the movements of its benchmark.
    Standard Deviation :Measures the risk or volatility of an investment’s return over a particular time period; the greater the number, the greater the risk.
    Information ratio :The ratio of annualized expected residual return to residual risk.
    Tracking error :Dispersal of differences between the returns obtained by the Fund and the benchmark variation.
    R-squared :Measures the strength of the linear relationship between the fund and its benchmark. R-Squared at 100 implies perfect linear relationship and zero implies no relationship exists.
    Treynor ratio :Measure of risk adjusted portfolio performance where Beta acts as a proxy for the level of risk associated with a given portfolio.
    Sharpe Ratio :A risk-adjusted measure, calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund’s historical risk-adjusted performance.

     

Portfolio Characteristics

Portfolio statistics

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

Portfolio Composition (%)

As of 22/08/2019
FHLMC 38.17
Government Bond 22.87
Repo 20.67
FNMA 10.90
Treasury Bill 7.55
Other -0.15

Maturity Distribution (%)

As of 22/08/2019
1 day 69.61
8-30 days 9.79
31-60 days 15.34
61-90 days 5.42
Other -0.15

Credit Quality Breakdown (%)

As of 22/08/2019
AAA 53.42
Not Rated 46.58

Country Allocation (%)

As of 31/07/2019
United States 100.00

  • 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 temporary negative position may be due to unsettled trade activity and/or the use of particular investment policies as allowed by the prospectus.

  • Definitions:
    Current yield (%) : 
    Current yield (gross of expenses), is not representative for an individual share class as the yield does not deduct the Total Expense Ratio or any applicable taxes and other locally costs.
    Yield to worst (%) :Yield to worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. 
    Cash flow yield (%) :Cash flow yield takes into account capital expenditures and other ongoing costs a business incurs against its market price per share. It is based on a snapshot of the portfolio on that day and does not include any subscription charges and investors may be subject to tax on distributions.
    Weighted average life : The average number of years for which each component of unpaid principal on a bond, loan or mortgage remains outstanding. The weighted average life calculation provides an aggregate figure that shows how many years it will take to pay off half the outstanding principal on a bond portfolio.
    Effective Duration :Average Duration equals the weighted average maturity of all the cash flows in the portfolio and gives an indication of the sensitivity of a portfolio’s bond prices to a change in interest rates. The higher the duration, the more sensitive the portfolio is to interest rate changes. Effective Duration is a calculation for bonds with embedded options (Not every portfolio will purchase bonds with embedded options). It takes into account the expected change in cash flows caused by the option, as interest rates change. If a portfolio does not hold bonds with embedded options, then the Effective Duration will be equal to the Average Duration.

  • Credit Quality: Nationally Recognised Statistical Rating Organisation’s (NRSRO’s) assess the likelihood of bond issuers defaulting on a bond’s coupon and principal payments. The credit quality allocation by Western Asset Management assigns each security the higher rating from three NRSRO’s (Standard & Poor’s, Moody’s Investor Services and Fitch Ratings, Ltd.). If only one NRSRO assigns a rating, that rating will be used. Securities that are not rated by all three NRSRO’s are reflected as such. The lower the overall credit rating, the riskier the portfolio.The credit rating is expressed as a regular letter rating (from high to low quality): AAA, AA, A, BBB, BB, ...D.

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.

Holdings

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.

Literature

Product Literature

Regulatory Documents

Featured Document

Distributions

Distributions data is not available for selected share class
Ex-dividend/Reinvest date Payable date Reinvest price () Ordinary income ()

  • Source: BNY Mellon. Distributions are not guaranteed and are subject to change.

  • The Fund does not offer any capital guarantee or protection and as an investment in the fund is not in the nature of a bank deposit. You may not get back the amount invested. Principal Fluctuation: An investment in money market funds is different from an investment in deposits, with particular reference to the risk that the principal invested in a money market fund is capable of fluctuation. No External Support: The Fund does not rely on external support for guaranteeing the liquidity of the Fund or stabilising the NAV per unit or share. Risk of Loss: Any risk of loss of the principal is to be borne by the investor.

  • This document, provided by Legg Mason Asset Management Singapore Pte. Limited ( “Legg Mason” ) (Registration Number (UEN): 200007942R), is for information only and does not constitute an offer or solicitation to buy or sell any units in any fund.
    The prospectus of the fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should check with Legg Mason or its authorised distributors on whether a particular class of the fund is available for subscription. Investors should read the prospectus prior to any subscription. All applications for units in the fund must be made on the application forms accompanying the prospectus. Past performance is not necessarily indicative of future performance. All investments involve risk, including possible loss of principal.  The value of the units in the fund and the income accruing to the units, if any, may fall or rise.
    Distribution of this document may be restricted in certain jurisdictions. Any persons coming into possession of this document should seek advice for details of, and observe, such restrictions (if any).This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. This fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.
    Neither Legg Mason nor any officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this document or its contents. The information in this document is confidential and proprietary and may not be used other than by the intended user.This document may not be reproduced, distributed or published without prior written permission from Legg Mason.
    The mention of any individual securities / funds should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities / funds is not a sufficient basis upon which to make an investment decision. Portfolio allocations, holdings and characteristics are subject to change at any time. Although information has been obtained from sources that Legg Mason believes to be reliable, no guarantee can be given as to its accuracy and such information may be incomplete or condensed and may be subject to change at any time without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.
    This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.