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  5. Legg Mason Wholesale Defensive Trust - Managed fund profile

Legg Mason Wholesale Defensive Trust - Managed Fund (Closed)

Fund Objective
To earn a gross return in excess of a benchmark constructed in accordance with the neutral asset allocation of the Trust, over rolling 3-year periods.
Fund Strategy
The Investment Strategy is to gain exposure to a broad mix of growth and defensive assets, with a defensive bias. Asset allocation ranges (with benchmarks in brackets): Australian equities 2-22% (12%), Australian property 0-10% (5%), global equities 2-14% (8%), Australian fixed income 17.5-37.5% (27.5%), global fixed income 27.5-37.5% (32.5%), cash 10-40% (15%).

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 2.29% 7.35% 2.46% -7.95% -5.82% -0.87% 2.69% 4.34%
Growth return 2.29% 7.35% -0.13% -11.96% -11.91% -8.16% -4.73% -2.8%
Income return 0% 0% 2.59% 4.01% 6.09% 7.29% 7.42% 7.14%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return 1.06% 2.87% 4.38% 7.21% 7.92% 6.66% 3.89% 4.5%
As at 31 May 2009. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Legg Mason Wholesale Defensive Trust
Australian Equities
16.29%
International Equities
7.89%
Cash
14.20%
Property & Infrastructure
5.45%
Fixed Interest
56.17%
Alternatives
0%
Average Allocation of Peers
Australian Equities
10.93%
International Equities
14.98%
Cash
14.94%
Property & Infrastructure
3.69%
Fixed Interest
49.86%
Alternatives
5.59%

General Information

Fund Details
Type Description
Legg Mason Wholesale Defensive Trust (Wholesale)
Closed
Legg Mason Asset Management Ltd (AU)
SSB0001AU
Multisector Moderate
starstarstar (as at 31 May 2009)
Investment Fund
3 Jul 1998
$9.4 million (as at 31 May 2009)
$0.7662 (as at 18 Jun 2009)
$0.7642 (as at 18 Jun 2009)
Finalised
Offer information
Type Description
MER 0.85% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) 0.90% (as at 30 Jun 2008)
Minimum initial investment $500,000

FAQs about the Legg Mason Wholesale Defensive Trust

The objective of the Legg Mason Wholesale Defensive Trust managed fund is To earn a gross return in excess of a benchmark constructed in accordance with the neutral asset allocation of the Trust, over rolling 3-year periods.

The strategy of the Legg Mason Wholesale Defensive Trust managed fund is The Investment Strategy is to gain exposure to a broad mix of growth and defensive assets, with a defensive bias. Asset allocation ranges (with benchmarks in brackets): Australian equities 2-22% (12%), Australian property 0-10% (5%), global equities 2-14% (8%), Australian fixed income 17.5-37.5% (27.5%), global fixed income 27.5-37.5% (32.5%), cash 10-40% (15%).

The APIR code of the Legg Mason Wholesale Defensive Trust managed fund is SSB0001AU.

Legg Mason Wholesale Defensive Trust’s total return last month was 2.29%. This was made up of a growth return of 2.29% and an income return of 0%. These returns were calculated as at 31 May 2009.

Legg Mason Wholesale Defensive Trust’s total return for the last three months was 7.35%. This was made up of a growth return of 7.35% and an income return of 0%%. These returns were calculated as at 31 May 2009.

Legg Mason Wholesale Defensive Trust’s one-year total return is -7.95%. This was made up of a growth return of -11.96% and an income return of 4.01%. These returns were calculated as at 31 May 2009.

Legg Mason Wholesale Defensive Trust’s one-year total return is -0.87%. This was made up of a growth return of -8.16% and an income return of 7.29%. These returns were calculated as at 31 May 2009.

The asset allocation of the Legg Mason Wholesale Defensive Trust managed fund is :

Australian Equities
16.29%
International Equities
7.89%
Cash
14.20%
Property & Infrastructure
5.45%
Fixed Interest
56.17%
Alternatives
0%

The Responsible Entity for the Legg Mason Wholesale Defensive Trust managed fund is Legg Mason Asset Management Ltd (AU).

The Legg Mason Wholesale Defensive Trust managed fund belongs to the Multisector Moderate sector/asset class.

As at 31 May 2009, the size of the Legg Mason Wholesale Defensive Trust managed fund was $9.4 million.

The Legg Mason Wholesale Defensive Trust managed fund has an inception date of 3 Jul 1998.

The current entry price of the Legg Mason Wholesale Defensive Trust managed fund is $0.7662 per unit and the current exit price is $0.7642 per unit (as at 18 Jun 2009).

The current exit price of the Legg Mason Wholesale Defensive Trust managed fund is $0.7642 per unit and the current entry price is $0.7662 per unit (as at 18 Jun 2009).

The minimum initial investment amount for the Legg Mason Wholesale Defensive Trust managed fund is $500,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.