Legg Mason IF WA Retirement Inc Bd B Inc (FUND:3350542) - Overview

Fund Report

Legg Mason IF Western Asset Retirement Income Bond Fund Class B Income

Key Stats
Morningstar® CategoryGlobal Corporate Bond - GBP Hedged
Manager NamePaul Shuttleworth
Inception Date01/09/2003
NAV 05/12/2016GBX 91.04
Day Change0.11%
12 Month Yield4.22%
ISINGB0033505420
SEDOL3350542
Dividend FrequencyMonthly
Net Assets (mil) 31/10/201615.93 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge0.44%
AMC0.30%
Fund Rebate-

Morningstar Rating™

Not Rated

Benchmarks

Fund Benchmark

50% BofAML Sterling Corp Sec 1-10Y TR GBP, 20% BofAML UK Gilts 1-10Y TR GBP, 30% BBgBarc US HY Corp 2% Issuer Hdg GBP

Morningstar® Benchmark

Bloomberg Barclays Global Aggregate Corporate TR Hdg GBP

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund6.89-1.004.26-0.786.77
Category12.130.056.30-0.415.12
Benchmark11.070.257.900.125.17
Effective 26/06/2007, this fund's investment strategy changed to the extent that its record prior to that date is not relevant to its new format. Performance prior to that date is not shown.
  • Fund: Legg Mason IF Western Asset Retirement Income Bond Fund Class B Income
  • Category: Global Corporate Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate Corporate TR Hdg GBP
Trailing Returns % (GBP) 05/12/2016
FundCatBmark
YTD6.604.735.11
3 Years Annualised3.243.664.43
5 Years Annualised3.324.675.06
10 Years Annualised---

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

The OMW Legg Mason IF Western Asset Retirement Income Bond fund invests solely in the Legg Mason IF Western Asset Retirement Income Bond fund, a sub fund of Legg Mason Funds ICVC a UK authorised Investment Company with Variable Capital managed by Legg Mason Investment Funds Limited. The underlying fund seeks to provide a regular income stream, in excess of the prevailing level of interest rates in the UK, with a focus on capital preservation. The underlying fund seeks to achieve its objective by investing in a range of fixed interest securities including, but not limited to, corporate bonds, government bonds and asset backed securities. The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations. The underlying fund invests in non-investment grade high-yielding bonds. The high yield reflects a higher risk of capital loss through default.

Portfolio Profile31/10/2016

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
LongShortNet
Stocks0.060.000.06
Bonds94.870.0094.87
Cash151.36150.850.51
Other4.570.014.56
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond75.53
Future/Forward71.31
Government22.33
Commercial Mortgage Backed0.91
Asset Backed0.26
Top Holdings
NameCountry%
IncreaseDecreaseNew since last portfolio
DecreaseLegg Mason WA US Hi Yld LM US$ Dis (M) Ireland9.56
United Tech 6.125% 2019-02-01United States2.45
Bnp Paribas / Bnp Paribas Us 3.25% 2023-03-03France2.42
Nestle Fin Int 2.25% 2023-11-30Luxembourg2.33
Svenska Handelsbanken Ab 1.625% 2018-03-21Sweden2.22
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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