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  5. Legg Mason Western Asset Cash Plus Trust M - Managed fund profile

Legg Mason Western Asset Cash Plus Trust M - Managed Fund (Closed)

Fund Objective
The Trust aims to earn a return before fees and taxes of 0.60% p.a. in excess of the UBS Australian Bank Bill Index ('Benchmark') over rolling one year periods.
Fund Strategy
The investment process focuses on identifying relative value opportunities in duration management and yield enhancement. Duration management focuses on anticipating movement in interest rates and is based on expectations for monetary policy. Yield enhancement focuses on identifying securities that offer attractive yield characteristics. The aim is to ensure that securities held are highly liquid and produce consistent investment returns.

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 0.22% 0.69% 1.44% 2.96% 2.67% 2.73% -% -%
Growth return 0.22% -0.53% 0.21% 0.44% -0.17% -0.16% -% -%
Income return 0% 1.22% 1.23% 2.52% 2.84% 2.89% -% -%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return 0.37% 1.12% 2.23% 4.45% 4.05% 2.94% 1.87% 1.92%
As at 28 Feb 2017. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Legg Mason Western Asset Cash Plus Trust M
Cash
7.70%
Fixed Interest
92.30%
Australian Equities
0%
International Equities
0%
Alternatives
0%
Average Allocation of Peers
Cash
26.17%
Fixed Interest
73.37%
Australian Equities
0.39%
International Equities
0.05%
Alternatives
0.03%

General Information

Fund Details
Type Description
Legg Mason Western Asset Cash Plus Trust M (Wholesale)
Closed
Legg Mason Asset Management Ltd (AU)
SSB0060AU
Australian Short Term Fixed Interest
starstarstar (as at 28 Feb 2017)
Investment Fund
23 Nov 2013
$92.19 million (as at 31 Aug 2014)
$0.98963 (as at 20 Mar 2017)
$0.98903 (as at 20 Mar 2017)
Suppressed
Offer information
Type Description
Indirect Cost Ratio (ICR) - Estimated 0.28% (as at 1 Jul 2016) (Estimated)
Minimum initial investment $200,000
Minimum additional investments
Minimum redemption amount

FAQs about the Legg Mason Western Asset Cash Plus Trust M

The objective of the Legg Mason Western Asset Cash Plus Trust M managed fund is The Trust aims to earn a return before fees and taxes of 0.60% p.a. in excess of the UBS Australian Bank Bill Index ('Benchmark') over rolling one year periods.

The strategy of the Legg Mason Western Asset Cash Plus Trust M managed fund is The investment process focuses on identifying relative value opportunities in duration management and yield enhancement. Duration management focuses on anticipating movement in interest rates and is based on expectations for monetary policy. Yield enhancement focuses on identifying securities that offer attractive yield characteristics. The aim is to ensure that securities held are highly liquid and produce consistent investment returns.

The APIR code of the Legg Mason Western Asset Cash Plus Trust M managed fund is SSB0060AU.

Legg Mason Western Asset Cash Plus Trust M’s total return last month was 0.22%. This was made up of a growth return of 0.22% and an income return of 0%. These returns were calculated as at 28 Feb 2017.

Legg Mason Western Asset Cash Plus Trust M’s total return for the last three months was 0.69%. This was made up of a growth return of -0.53% and an income return of 1.22%%. These returns were calculated as at 28 Feb 2017.

Legg Mason Western Asset Cash Plus Trust M’s one-year total return is 2.96%. This was made up of a growth return of 0.44% and an income return of 2.52%. These returns were calculated as at 28 Feb 2017.

Legg Mason Western Asset Cash Plus Trust M’s one-year total return is 2.73%. This was made up of a growth return of -0.16% and an income return of 2.89%. These returns were calculated as at 28 Feb 2017.

The asset allocation of the Legg Mason Western Asset Cash Plus Trust M managed fund is :

Cash
7.70%
Fixed Interest
92.30%
Australian Equities
0%
International Equities
0%
Alternatives
0%

The Responsible Entity for the Legg Mason Western Asset Cash Plus Trust M managed fund is Legg Mason Asset Management Ltd (AU).

The Legg Mason Western Asset Cash Plus Trust M managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

As at 31 Aug 2014, the size of the Legg Mason Western Asset Cash Plus Trust M managed fund was $92.19 million.

The Legg Mason Western Asset Cash Plus Trust M managed fund has an inception date of 23 Nov 2013.

The current entry price of the Legg Mason Western Asset Cash Plus Trust M managed fund is $0.98963 per unit and the current exit price is $0.98903 per unit (as at 20 Mar 2017).

The current exit price of the Legg Mason Western Asset Cash Plus Trust M managed fund is $0.98903 per unit and the current entry price is $0.98963 per unit (as at 20 Mar 2017).

The minimum initial investment amount for the Legg Mason Western Asset Cash Plus Trust M managed fund is $200,000. Minimum additional investment is $0.

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.