Legg Mason Western Asset Cash Plus Fund

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Fund Objective

The Fund aims to achieve a before-fee-and-tax return in excess of the Bloomberg Ausbond Bank Bill Index over rolling one year periods.

Key Features

  • The Fund is an actively managed portfolio of Australian cash and fixed income securities.
  • The investment process focuses on identifying relative value opportunities in duration management (where duration is a measure of the sensitivity of the price of a fixed income security to a change in interest rates, expressed as a number of years) and yield enhancement.
  • Duration management focuses on anticipating movements in interest rates and is based on expectations for monetary policy. Yield enhancement focuses on identifying securities that offer attractive yield characteristics. The aim is to ensure that securities held are highly liquid and produce consistent investment returns.

Risk Factors: Legg Mason Australia does not guarantee any profit or recovery of capital from an investment in the Fund. The NAV of the Fund will fluctuate in response to the changing values of the Fund's assets. It is important that you understand and accept the risks before you invest. A financial adviser can explain to you the risks and provide investment advice to suit your investment objectives. There is the risk that an investor's investment objective may not be met by their choice of investment.

Morningstar Awards 2018 (c). Morningstar, Inc. All Rights Reserved. Awarded to Legg Mason Western Asset for Morningstar Fund Manager of the Year, Fixed Income Category, Australia.