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  5. Legg Mason Australian Credit Trust A - Managed fund profile

Legg Mason Australian Credit Trust A - Managed Fund (Closed)

Fund Objective
To earn a gross of return of 0.90% p.a. in excess of the UBS Australian Composite Bond Index over rolling 3-year periods.
Fund Strategy
The Investment Strategy focuses on identifying relative value opportunities at the sector, industry, and individual security levels through the fundamental analysis of credit quality and the forecasting of appropriate credit spreads. The assessment of the credit quality of a particular issuer is based on intensive 'bottom-up' credit research. The outcome is exposure to a wide range of Australian corporate securities that seeks to add value from active credit selection.

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 -0.28% 2.76% 8.1% 14.3% 8.12% 4.07% 4.71% 5.92%
Growth return -76.52% -75.87% -74.62% -73.58% -49.04% -38.47% -25.46% -13.51%
Income return 76.24% 78.63% 82.72% 87.88% 57.16% 42.54% 30.17% 19.43%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.49% 1.25% 1.39% 2.84% 4.39% 2.5% -0.63% 1.95%
As at 28 Feb 2010. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Legg Mason Australian Credit Trust A
Cash
5.85%
Fixed Interest
94.15%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.49%
Fixed Interest
92.28%
Australian Equities
0.06%
International Equities
0.01%
Property & Infrastructure
0%
Alternatives
2.17%

General Information

Fund Details
Type Description
Legg Mason Australian Credit Trust A (Wholesale)
Closed
Legg Mason Asset Management Ltd (AU)
SSB0123AU
Diversified Credit
starstarstar (as at 31 Jan 2010)
Investment Fund
1 Oct 1998
$7.13 million (as at 31 Dec 2009)
n/a
$0.2607 (as at 22 Mar 2010)
Finalised
Offer information
Type Description
MER 0.48% (as at 30 Jun 2005)
Indirect Cost Ratio (ICR) 0.52% (as at 30 Jun 2009)
Minimum initial investment $500,000

FAQs about the Legg Mason Australian Credit Trust A

The objective of the Legg Mason Australian Credit Trust A managed fund is To earn a gross of return of 0.90% p.a. in excess of the UBS Australian Composite Bond Index over rolling 3-year periods.

The strategy of the Legg Mason Australian Credit Trust A managed fund is The Investment Strategy focuses on identifying relative value opportunities at the sector, industry, and individual security levels through the fundamental analysis of credit quality and the forecasting of appropriate credit spreads. The assessment of the credit quality of a particular issuer is based on intensive 'bottom-up' credit research. The outcome is exposure to a wide range of Australian corporate securities that seeks to add value from active credit selection.

The APIR code of the Legg Mason Australian Credit Trust A managed fund is SSB0123AU.

Legg Mason Australian Credit Trust A’s total return last month was -0.28%. This was made up of a growth return of -76.52% and an income return of 76.24%. These returns were calculated as at 28 Feb 2010.

Legg Mason Australian Credit Trust A’s total return for the last three months was 2.76%. This was made up of a growth return of -75.87% and an income return of 78.63%%. These returns were calculated as at 28 Feb 2010.

Legg Mason Australian Credit Trust A’s one-year total return is 14.3%. This was made up of a growth return of -73.58% and an income return of 87.88%. These returns were calculated as at 28 Feb 2010.

Legg Mason Australian Credit Trust A’s one-year total return is 4.07%. This was made up of a growth return of -38.47% and an income return of 42.54%. These returns were calculated as at 28 Feb 2010.

The asset allocation of the Legg Mason Australian Credit Trust A managed fund is :

Cash
5.85%
Fixed Interest
94.15%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

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

The Legg Mason Australian Credit Trust A managed fund belongs to the Diversified Credit sector/asset class.

As at 31 Dec 2009, the size of the Legg Mason Australian Credit Trust A managed fund was $7.13 million.

The Legg Mason Australian Credit Trust A managed fund has an inception date of 1 Oct 1998.

The current entry price of the Legg Mason Australian Credit Trust A managed fund is $ per unit and the current exit price is $0.2607 per unit (as at 22 Mar 2010).

The current exit price of the Legg Mason Australian Credit Trust A managed fund is $0.2607 per unit and the current entry price is $ per unit (as at 22 Mar 2010).

The minimum initial investment amount for the Legg Mason Australian Credit Trust A 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.