Fixed Income Choice

At Legg Mason, we draw on the global expertise of two highly-rated fixed income affiliates to offer a comprehensive range of bond funds to meet your specific investment goals. With a full range including domestic, global and unconstrained solutions, you can achieve a higher level of control over your investment decisions.

Achieve a higher level of control over your investment decisions

Our Range of Funds

Western Asset

Legg Mason affiliate: Western Asset
Western Asset Management is one of the world's leading fixed income managers and provides investment services for a wide variety of global clients with US$432.7bn* funds under management. Western Asset's investment style emphasises the use of multiple strategies to add value. The firm was established in 1971 in Pasadena, US and has nine offices globally including a Melbourne based team.


* 31 March 2017

Western Asset

Legg Mason affiliate: Brandywine Global
Brandywine Global is a Legg Mason affiliate specialising in global fixed income. The investment philosophy is built on the search for real yields globally. The firm was established in 1986 and has offices in Philadelphia, San Francisco, London and Singapore with US$69bn* funds under management.

Activate your fixed income

Legg Mason western asset

Australian bond trust

Investment Objective

With an investment objective of 0.75% pa in excess of the Bloomberg AusBond Composite Index* over rolling three year periods (before fees and taxes), the Western Asset Australian Bond Trust can easily be blended with more aggressive investments like equity funds in a diversified investor portfolio.

Key Features

  • An investment option for the defensive part of your portfolio
  • Daily liquidity and monthly distributions
  • Low ICR of just 0.382% p.a.
  • Highly rated, award winning fund
  • Investment manager with global scale, but local team and expertise

Fund Insights

Anthony

Anthony Kirkham
Head of Investment Management
Western Asset Australia

Related Resources

Ratings

Highy Recommended - Lonsec Research Zenith Investment Partners - Highly Recommended Morningstar - 5 star Fund awards 2016 winner Money Management Finalist logo

High alpha seeking, high conviction strategy

Legg Mason Brandywine

Global Opportunistic Fixed Income Trust

Investment Objective

In contrast to other fixed income funds, the Brandywine Global Opportunistic Fixed Income Trust has more of a ‘go anywhere’, opportunistic style, with strict risk limits in place to avoid over-exposure to any one region or issuer. The Trust can invest up to a maximum 15% in high yield or emerging markets, if there are compelling opportunities in these sectors.

Key Features

  • Benchmark agnostic investment style with currency actively managed
  • Opportunistically takes credit risk, with up to 15% exposure to emerging markets and 15% to the high yield sector
  • No more than 5% exposure in any single emerging market country
  • Big picture investing driven by large scale macroeconomic themes
  • Highly rated, award winning fund

Fund Insights

Ted

Tad Fetter
Director & Head of Business
Development, Brandywine Global

Related Resources

Ratings

Highy Recommended - Lonsec Research Zenith Investment Partners - Highly Recommended Morningstar - silver award fund awards 2016 finalist Money Management Finalist logo

Total return with income focus

Legg Mason Brandywine

Global Income Optimiser Fund

Investment Objective

The Fund's investment objective is to seek to generate a high and consistent level of income in all market conditions over a full market cycle with a secondary objective of capital preservation.

Key Features

The Legg Mason Brandywine Global Income Optimiser Fund is a flexible global bond fund that aims to generate attractive income and preserve capital by utilising all the levers available with a truly multisector approach.

  • Global opportunity set
  • Flexible multi-sector approach
  • Top-down driven, value orientated strategy
  • Seeks to mitigate downside protection
  • Potential for attractive and reliable income

Related Resources

Fixed Income Choice

Legg Mason Western Asset
Cash Trust

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Legg Mason Western Asset
Cash Plus Trust

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Legg Mason Western Asset
Australian Bond Trust

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Legg Mason Western Asset
Global Bond Fund

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Legg Mason Brandywine Global
Fixed Income Trust

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Legg Mason Brandywine Global
Opportunistic Fixed Income Trust

Read more

Legg Mason Western Asset
Macro Opportunities Bond Fund

Read more

Income Solutions For Life

Legg Mason Martin Currie
Real Income Fund

Read more

Legg Mason Martin Currie
Equity Income Trust

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Legg Mason Martin Currie
Diversified Income Trust

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Ratings & Awards

2017
2016
2015

Legg Mason

Awarded

Awarded

Zenith

Money Management Fund Manager of the 
Year Awards

Winner − Fund Manager of the Year

Legg Mason Martin Currie

Ethical Income Strategies

Awarded

Awarded

Zenith

Money Management Fund Manager of the 
Year Awards

Winner − Responsible Investments

Legg Mason Western Asset

Australian Bond Trust

Awarded

Awarded

Zenith

Money Management Fund Manager of the 
Year Awards

Finalist − Australian Fixed Income

Rated

Zenith Lonsec Morning Star

Legg Mason Brandywine Global

Opportunistic Fixed Income Trust

Awarded

Awarded

Zenith

Money Management Fund Manager of the 
Year Awards

Finalist − Global Fixed Income

Rated

Zenith Lonsec Morning Star Silver

Legg Mason Western Asset

Australian Bond Trust

Awarded


Professional Planner/Zenith Awards

Winner − Australian Fixed Interest

Zenith

Rated

Zenith Lonsec

Legg Mason Brandywine Global

Opportunistic Fixed Income Trust

Awarded


Professional Planner/Zenith Awards

Finalist − Global and Diversified 
Fixed Interest

Zenith

Rated

Zenith Lonsec

Legg Mason

Awarded

Awarded

Zenith

Money Management Fund Manager 
of the Year Awards

Winner − Fund Manager of the Year

Legg Mason Brandywine Global

Opportunistic Fixed Income Trust

Awarded

Awarded

Zenith

Money Management Fund Manager 
of the Year Awards

Winner − Global Fixed Income

Rated

Zenith Lonsec

Legg Mason Western Asset

Australian Bond Trust

Awarded

Awarded

Zenith

Money Management Fund Manager 
of the Year Awards

Winner − Global Fixed Income

Rated

Zenith Lonsec

Contact Us

For general enquiries call 1800 679 541 or email us enquiries@leggmason.com.

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*Formerly the UBS Australia Composite Bond Index. Bloomberg Finance L.P. and its affiliates (collectively 'Bloomberg') do not approve or endorse this material and disclaim all liability for any loss or damage of any kind arising out of the use of all or any part of this material.
Legg Mason Asset Management Australia Ltd (ABN 76 004 835 849 AFSL 240827) is part of the global Legg Mason Inc. group. Any reference to Legg Mason is a reference to Legg Mason Asset Management Australia Limited. Any reference to "Western" is a reference to Western Asset Management Company, "Brandywine" to Brandywine Global. Neither Legg Mason Australia, nor any of its related parties, guarantees the repayment of capital or performance of any of the trusts referred to in this document. Past performance is no guarantee of future performance. Applications to invest in the Legg Mason Western Asset Australian Bond Trust (ARSN 088 670 286), Legg Mason Brandywine Global Opportunistic Fixed Income Trust (ARSN 127 583 411), Legg Mason Western Asset Cash Trust (ARSN 088 670 080), Legg Mason Western Asset Cash Plus Trust (ARSN 088 670 197), Legg Mason Western Asset Global Bond Fund (ARSN 616 233 017), Legg Mason Brandywine Global Fixed Income Trust (ARSN 127 583 948), Legg Mason Western Asset Macro Opportunities Bond Fund (ARSN 608 220 711), Legg Mason Martin Currie Real Income Fund (ARSN 146 910 349), Legg Mason Martin Currie Equity Income Trust (150 751 821), Legg Mason Martin Currie Diversified Income Trust (ARSN 169 461 116) can be made using an application form comprising part of the current Product Disclosure Statements, which can be obtained by contacting Legg Mason on 1800 679 541 or at www.leggmason.com.au. Certain eligibility criteria applies. Legg Mason Australia does not guarantee the accuracy or completeness of this document. To the extent permissible by law, Legg Mason Australia accepts no liability in contract, tort (including negligence) or otherwise for any loss or damage suffered as a result of reliance on this document. This document does not constitute investment advice, and has not been prepared to take into account the investment objectives, financial objectives or particular needs of any particular person. Before making an investment decision you should read the Product Disclosure Statement carefully and you need to consider, with or without the assistance of a financial advisor, whether such an investment is appropriate in light of your particular investment needs, objectives and financial circumstances.

The Lonsec Rating (assigned as follows: Legg Mason Western Asset Australian Bond Trust - April 2017; Legg Mason Brandywine Global Opportunistic Fixed Income Trust – September 2016; Legg Mason Martin Currie Ethical Values with Income Fund – January 2017) presented in this document are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial products. Past performance information is for illustrative purposes only and is not indicative of future performance. They are not a recommendation to purchase, sell or hold Legg Mason Asset Management Australia Limited products, and you should seek independent financial advice before investing in these products. The Ratings are subject to change without notice and Lonsec assumes no obligation to update the relevant documents following publication. Lonsec receives a fee from the Fund Manager for researching the products using comprehensive and objective criteria. For further information regarding Lonsec's Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.

The Zenith Investment Partners ("Zenith") Australian Financial Services License No. 226872 rating (Legg Mason Western Asset Australian Bond Trust assigned June 2017; Legg Mason Brandywine Global Opportunistic Fixed Income Trust assigned March 2016;) referred to in this document is limited to "General Advice" (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith's methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.

© 2017 Morningstar, Inc. Legg Mason Brandywine Global Opportunistic Fixed Income Trust and Legg Mason Western Asset Australian Bond Trust received a 5-star Morningstar Rating™ as at 30 May 2017. The Morningstar Analyst Rating™ for Legg Mason Brandywine Global Opportunistic Fixed Income strategy is 'Silver' as at 30 May 2017. The Morningstar Rating is an assessment of a fund's past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or 'class service' have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement (Australian products) or Investment Statement (New Zealand products) before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").

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