|Effective Duration||6.27 years|
|Spread Duration||-3.52 years|
|Strategy AUM:||USD4.9 billion, 31 December 2022|
|Benchmark:||There is no benchmark available which appropriately reflects the strategy.|
|Inception Date:||1 April 2012|
|Investment Vehicles:||Separate Accounts and Commingled Vehicles|
|For more information, contact your Client Service Executive
or call us at +61-(0)3-9016-5600.
Western Asset Investment Highlights provide quarterly insights into the performance and positioning of Western Asset investment strategies.
View 4Q Highlights
|31 December 2022||Composite (gross)||Composite (net)|
|Since Inception 12-Apr-01||5.3||4.4|
|31 December 2021||Composite (gross)||Composite (net)|
|Since Inception 12-Apr-01||8.4||7.4|
Past investment results are not indicative of future investment results. Returns for periods greater than one year are annualized. Gross-of-fees returns are presented before management fees, but after all trading expenses. Net-of-fees results are calculated using a model approach whereby the current highest tier of the appropriate strategy's fee schedule is used. Effective January 1, 2020, for annual periods where the actual account weighted fees are higher than the composite model fee, the actual account weighted fees will be used for the net-of-fee composite return calculations. Net-of-fee composite return calculations using actual account weighted fees may include fund returns that incur higher fees than those applied to separately managed accounts. Please see the Performance and Risk Disclosures for more information.
2 Western Asset believes that attribution is not a hard science, but rather a means of evaluating strategies to determine their relative impact on overall portfolio performance. The intent of the manager, therefore, is critical in the evaluation of different strategies, and the return attribution for any sector or strategy could be over or understated due to its inclusion in another component. Data will not sum to 100% due to the exclusion of government-related cash bonds/derivatives and cash/cash equivalents.
3 Emerging Markets and Peripheral Europe exposures are denominated in both USD and local currency. Local currency exposure is reflected in Foreign Exchange as well as in the Emerging Markets and Peripheral Europe sectors.
4Represents gross currency exposure.
Western Asset Management Company Distribuidora de Títulos e Valores Mobiliários Limitada is authorized and regulated by Comissão de Valores Mobiliários and Brazilian Central Bank. Western Asset Management Company Pty Ltd ABN 41 117 767 923 is the holder of the Australian Financial Services Licence 303160. Western Asset Management Company Pte. Ltd. Co. Reg. No. 200007692R is a holder of a Capital Markets Services Licence for fund management and regulated by the Monetary Authority of Singapore. Western Asset Management Company Ltd is a registered Financial Instruments Business Operator and regulated by the Financial Services Agency of Japan. Western Asset Management Company Limited is authorised and regulated by the Financial Conduct Authority ("FCA") (FRN 145930). This communication is intended for distribution to Professional Clients only if deemed to be a financial promotion in the UK as defined by the FCA. This communication may also be intended for certain EEA countries where Western Asset has been granted permission to do so. For the current list of the approved EEA countries please contact Western Asset at +44 (0)20 7422 3000.