Western Asset Emerging Markets Bond Fund

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About the Fund

Investment Aim

To maximise total return through income and capital appreciation by investing primarily in U.S. dollar denominated Emerging Markets Debt Securities.

Performance Benchmark

JP Morgan EMBI Plus
 
  • Invests primarily in emerging market debt securities.
  • Credit quality: The Investment Manager, in its discretion, will invest in both debt securities rated investment grade by a nationally recognised statistical rating organisation (NRSRO) and debt securities rated below investment grade by an NRSRO.
 
 
 

About the Investment Strategy

  • Construct and maintain a diversified portfolio of government and corporate issuers in emerging market countries.
  • Value is added through issuer/issue selection and country rotation.
  • Western uses various tools, both external and proprietary, to help identify, measure and manage portfolio risk.

About the Investment Team

Founded in 1971, Western Asset has decades of experience and is now one of the world's largest managers of fixed income investments. Western Asset follows a team-focused approach comprising groups of specialists dedicated to all the major areas of the fixed income market. Its expertise extends globally across major bond markets.

General Fund Literature

pdf Annual Report
pdf Semi-Annual Report
pdf Full Prospectus
pdf Simplified Prospectus
pdf Prospectus Supplement
pdf Application Form
pdf Articles of Association
 
 
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. The Fund may invest in 'non-investment grade' bonds, which carry a higher degree of default risk than 'investment grade' bonds and may have an increased potential to erode capital. The Fund may invest in emerging markets that may be less liquid and may have less reliable custody arrangements than mature markets and may involve a higher degree or risk. Please refer to the Simplified Prospectus and Prospectus documentation for Legg Mason Institutional Funds plc, which describe the full risk factors associated with this Fund.

On 1 October, the above sub-fund changed from using the abbreviation 'WA' in the fund name (e.g. 'WA Emerging Market Debt Fund') to 'Western Asset' (e.g. 'Western Asset Emerging Market Debt Fund').

The current prospectus in effect for France still refers to the old fund name, but will be updated shortly.