Legg Mason IF WA Retirement Inc Bd X Inc (FUND:B88V5W7) - Fund price - Overview

Fund Report

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

Key Stats
Morningstar® CategoryGlobal Corporate Bond - GBP Hedged
Manager NamePaul Shuttleworth
Inception Date07/01/2013
NAV 13/12/2017GBP 0.97
Day Change0.02%
12 Month Yield3.31%
Dividend FrequencyMonthly
Net Assets (mil) 31/10/201714.11 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%
Fund Rebate-

Morningstar Rating™


Morningstar Sustainability Rating

Below Average

Below Average

Sustainability Rating as of 31/10/2017


Fund Benchmark

50% ICE BofAML 1-10Y Sterling Corp TR GBP, 20% ICE BofAML 1-10Y UK Gilt 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) 30/11/2017

How has this security performed
  • Fund: Legg Mason IF Western Asset Retirement Income Bond Fund Class X Income
  • Category: Global Corporate Bond - GBP Hedged
  • Benchmark: Bloomberg Barclays Global Aggregate Corporate TR Hdg GBP
Trailing Returns % (GBP) 13/12/2017
3 Years Annualised3.012.863.46
5 Years Annualised1.863.263.73
10 Years Annualised2.585.315.39

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 Profile31/10/2017

Morningstar Style Box®

Fixed Income Style

High, Med, LowCredit Quality
Ltd, Mod, Ext
Interest Rate Sensitivity
Asset Allocation %
Top Fixed Income Sectors
Fixed Income Sector%
Corporate Bond75.75
Asset Backed1.58
Agency Mortgage Backed1.14
Cash & Equivalents0.94
Top Holdings
IncreaseDecreaseNew since last portfolio
DecreaseLegg Mason WA US Hi Yld LM US$ Dis (M) Ireland9.72
Bnp Paribas / Bnp Paribas Us 3.25% 2023-03-03France2.48
United Kingdom (Government Of) 3.75% 2019-09-07United Kingdom2.11
Unitedhealth Grp 1.625% 2019-03-15United States2.09
United Kingdom (Government Of) 3.75% 2020-09-07United Kingdom2.09
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 4 Exchange Quay, Salford Quays, Manchester M5 3EE. 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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