Western Asset Australian Credit SMAsh - Managed Fund (Closed)

Fund Objective

To provide the required market exposure when viewed as a component of the relevant model portfolio.

Fund Strategy

The Fund is designed to be held alongside a portfolio of five to 20 directly held Australian fixed income securities as recommended by Western Asset. When viewed in aggregate, the Fund and directly held securities aim to deliver a return that is ahead of the Bloomberg Ausbond Composite Bond 0 year Index over three-year periods.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	1.5%	-1.15%	-7.53%	-10.57%	-4.38%	-1.86%	-%	-%
Growth return	-1.83%	-4.23%	-10.15%	-12.52%	-7.49%	-4.98%	-%	-%
Income return	3.33%	3.08%	2.62%	1.95%	3.11%	3.12%	-%	-%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return	-0.88%	-0.42%	0.62%	4.35%	4.76%	3.22%	-0.36%	2.13%

As at 31 Jul 2022. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Western Asset Australian Credit SMAsh

Cash: 1.82%

Fixed Interest: 98.18%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 6.36%

Fixed Interest: 92.70%

Australian Equities: 0.62%

International Equities: 0%

Property & Infrastructure: 0.13%

Alternatives: 0.18%

General Information

Fund Details

Type	Description
Fund Name	Western Asset Australian Credit SMAsh
Fund Status	Closed
Responsible Entity	Legg Mason Asset Management Ltd (AU)
APIR Code	SSB3982AU
Sector/Asset Class	Bonds - Australia
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	1 Sep 2018
Fund Size	$13.55 million (as at 29 Jul 2022)
Entry Price	$0.90064 (as at 29 Jul 2022)
Exit Price	$0.89884 (as at 29 Jul 2022)
Fund Status	Finalised

Offer information

Type	Description
MER	0% (as at 1 Jul 2020)
Indirect Cost Ratio (ICR)	0.10% (as at 30 Jun 2020)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$20,000,000

Top 10 holdings (as at 30 Jun 2022)

Holding (as at 30 Jun 2022)	Type	% of Portfolio
Treasury Corporation of Victoria 1.5%	Bond - Gov't Agency Debt	3.70%
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FAQs about the Western Asset Australian Credit SMAsh

What is the objective of the Western Asset Australian Credit SMAsh managed fund?

The objective of the Western Asset Australian Credit SMAsh managed fund is To provide the required market exposure when viewed as a component of the relevant model portfolio.

What is the strategy for the Western Asset Australian Credit SMAsh managed fund?

The strategy of the Western Asset Australian Credit SMAsh managed fund is The Fund is designed to be held alongside a portfolio of five to 20 directly held Australian fixed income securities as recommended by Western Asset. When viewed in aggregate, the Fund and directly held securities aim to deliver a return that is ahead of the Bloomberg Ausbond Composite Bond 0+year Index over three-year periods.

What is the APIR code of the Western Asset Australian Credit SMAsh managed fund?

The APIR code of the Western Asset Australian Credit SMAsh managed fund is SSB3982AU.

What was Western Asset Australian Credit SMAsh’s total return last month?

Western Asset Australian Credit SMAsh’s total return last month was 1.5%. This was made up of a growth return of -1.83% and an income return of 3.33%. These returns were calculated as at 31 Jul 2022.

What was Western Asset Australian Credit SMAsh’s total return for the last three months?

Western Asset Australian Credit SMAsh’s total return for the last three months was -1.15%. This was made up of a growth return of -4.23% and an income return of 3.08%%. These returns were calculated as at 31 Jul 2022.

What is Western Asset Australian Credit SMAsh’s one-year total return?

Western Asset Australian Credit SMAsh’s one-year total return is -10.57%. This was made up of a growth return of -12.52% and an income return of 1.95%. These returns were calculated as at 31 Jul 2022.

What is Western Asset Australian Credit SMAsh’s three-year total return?

Western Asset Australian Credit SMAsh’s one-year total return is -1.86%. This was made up of a growth return of -4.98% and an income return of 3.12%. These returns were calculated as at 31 Jul 2022.

What is the asset allocation of the Western Asset Australian Credit SMAsh managed fund?

The asset allocation of the Western Asset Australian Credit SMAsh managed fund is :

Cash: 1.82%

Fixed Interest: 98.18%

Australian Equities: 0%

International Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Western Asset Australian Credit SMAsh managed fund?

The Responsible Entity for the Western Asset Australian Credit SMAsh managed fund is Legg Mason Asset Management Ltd (AU).

What sector/asset class does the Western Asset Australian Credit SMAsh managed fund belong to?

The Western Asset Australian Credit SMAsh managed fund belongs to the Bonds - Australia sector/asset class.

What is the size of the Western Asset Australian Credit SMAsh managed fund?

As at 29 Jul 2022, the size of the Western Asset Australian Credit SMAsh managed fund was $13.55 million.

What is the inception date of the Western Asset Australian Credit SMAsh managed fund?

The Western Asset Australian Credit SMAsh managed fund has an inception date of 1 Sep 2018.

What is the current entry price of the Western Asset Australian Credit SMAsh managed fund?

The current entry price of the Western Asset Australian Credit SMAsh managed fund is $0.90064 per unit and the current exit price is $0.89884 per unit (as at 29 Jul 2022).

What is the current exit price of the Western Asset Australian Credit SMAsh managed fund?

The current exit price of the Western Asset Australian Credit SMAsh managed fund is $0.89884 per unit and the current entry price is $0.90064 per unit (as at 29 Jul 2022).

What is the minimum investment amount for the Western Asset Australian Credit SMAsh managed fund?

The minimum initial investment amount for the Western Asset Australian Credit SMAsh managed fund is $20,000,000.

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.

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