Western Asset US$ Credit 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 debt securities issued by corporate issuers and supranational organisations.

Performance Benchmark

No benchmark has yet been assigned as this fund is not yet seeded
 
  • Invests primarily in U.S. dollar denominated corporate debt securities
  • Average duration 3-12 years
  • Credit quality: The Investment Manager will only purchase investments that are rated at least investment grade by a nationally recognised statistical rating organisation (NRSRO).
 
 
 

About the Investment Strategy

  • Construct and maintain a diversified portfolio of investment-grade bonds.
  • Value is added through issuer/issue selection and sector rotation.
  • Portfolio risk is controlled through broad diversification of sectors and issuers.

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.

 
 
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. 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.