Legg Mason Western Asset US Money Market Fund

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About The Fund

Investment Aim

The 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 Total Asset Value in Money Market Instruments denominated in US Dollars and issued by US Issuers.

Performance Benchmark

Citigroup 1 Month US Treasury Bill Index
 
Class A AccClass A Dis (D)
NAV:USD 105.63USD 1.00
High*:USD 105.63USD 1.00
Low*:USD 100.29USD 1.00
*Based on since inception month end prices.
 
Fund Size:USD 4,272 million
Current Yield^:0.22%
Number of Holdings:129
Weighted Average Life:49 days
Effective Duration:44 days
S&P Credit Quality:AA
^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.
All data are as of 31 December 2011.
 
 
 

About the Investment Strategy

  • The Fund invests at least two thirds of its total asset value in high quality, short-term money market instruments, denominated in US dollars and originated by US issuers.
  • Value is added through credit selection, yield curve positioning, and duration management. Duration measures a portfolio's sensitivity to changes in interest rates.
  • Portfolio risk is controlled through investing in only the highest quality short-term instruments and limiting the maximum maturity of the instruments to 13 months.

About the Investment Team

Founded in 1971, Western Asset has decades of experience in fixed income investing 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. Western's expertise also extends across all of the world's major bond markets.

 
 

This document, prepared by Legg Mason Asset Management Singapore Pte. Limited ("Legg Mason"), is for information only and does not constitute an offer nor solicitation to buy or sell any units of the Fund. The prospectus of the Fund is available and may be obtained from Legg Mason or its authorised distributors. 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. An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. The value of units and the income accruing to the units, if any, may fall or rise and past performance is not necessarily a guide for future performance.

All opinions and estimates in this document constitute Legg Mason's house view as of the date of this document and is subject to change without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

Distribution of this document may be restricted in certain jurisdictions; persons into whose possession this publication comes should inform themselves of and observe such restrictions. 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 this document. This Fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.