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  5. Western Asset Australian Credit SMAsh - Managed fund profile

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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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 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 -0.04% 0.88% 3.72% 5.22% 4.94% 2.74% -0.18% 2.17%
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
6.99%
Fixed Interest
91.88%
Australian Equities
0.62%
International Equities
0.08%
Property & Infrastructure
0.02%
Alternatives
0.41%

General Information

Fund Details
Type Description
Western Asset Australian Credit SMAsh
Closed
Legg Mason Asset Management Ltd (AU)
SSB3982AU
Bonds - Australia
Not Rated
Investment Fund
1 Sep 2018
$13.55 million (as at 29 Jul 2022)
$0.90064 (as at 29 Jul 2022)
$0.89884 (as at 29 Jul 2022)
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

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.

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.

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

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.

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.

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.

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.

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%

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

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

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

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

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).

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).

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.