Legg Mason IF Western Asset Retirement Income Bond Fund Class A Inc

Buy/Sell Price  (as of 20/10/2016) £0.8785   Day Change :  -0.02%     Fund Code:  LMMTI 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Paul Shuttleworth has been the Head of Non-U.S. Credit of Western Asset Management Company Limited since 2012. Prior to that time, he served as the Managing Director, Head of Sterling Fixed Income at BlackRock Inc. and Director, Sterling Fixed Income/Head of Pan European Credit at Merrill Lynch Investment Managers for a combined total of eleven years. Mr. Shuttleworth has 28 years of investment experience.
Investment HouseLegg Mason
Fund ProviderLegg Mason Investment Funds Limited
ManagerPaul Shuttleworth   Biography

Fund Objective To provide a regular income stream, in excess of the prevailing level of interest rates in the U.K., with a focus on capital preservation. The 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 Fund will invest a minimum of 60% of the Funds net asset value in global investment grade corporate bonds and UK government bonds. In addition, the Fund may invest up to 35% of its net asset value in global high yield bonds. The Fund may also invest in other transferable securities, money market instruments, deposits, collective investment schemes and derivatives for efficient portfolio management only. Any instrument denominated in a currency other than Pounds sterling will normally be hedged back to Pounds sterling.

Key Statistics

Fund Status
Fund TypeOEIC
12-Month NAV High £0.89
12-Month NAV Low £0.83
Fund Comparative IndexBofAML Sterling Corp Sec 1-10Y TR GBP (50) BofAML UK Gilts 1-10Y TR GBP (20) Barclays US HY Corp 2% Issuer Hdg GBP (30)
Morningstar CategoryTMGlobal Corporate Bond - GBP Hedged
Dividend FrequencyMonthly
Distribution Yield3.50%
Underlying Yield4.67%

Annual Charges

Morningstar ratings

 as of  30/09/2016
Overall1 star
3 Years1 star
5 Years1 star
10 Years1 star

Growth of £1000 Help

 as of  20/10/2016

Past Performance (%) Help

as of 

This Fund


Fund versus Morningstar Category

Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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