Western Asset Conservative Income A - Managed Fund

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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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.

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Fees Comparison

% p.a.

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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	0.36%	1.27%	2.66%	5.6%	4.96%	3.35%	2.29%	2.33%
Growth return	0.36%	0.35%	-0.35%	0.21%	0.29%	-0.05%	-0.04%	-0.02%
Income return	0%	0.92%	3.01%	5.39%	4.67%	3.4%	2.33%	2.35%
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 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Western Asset Conservative Income A

Cash: 12.24%

Fixed Interest: 87.76%

Australian Equities: 0%

International Equities: 0%

Alternatives: 0%

Average Allocation of Peers

Cash: 26.01%

Fixed Interest: 73.53%

Australian Equities: 0.39%

International Equities: 0.05%

Alternatives: 0.03%

General Information

Fund Details

Type	Description
Fund Name	Western Asset Conservative Income A (Wholesale)
APIR Code	SSB0131AU
Sector/Asset Class	Australian Short Term Fixed Interest
Morningstar Rating	(as at 31 Oct 2024)
Legal Structure	Investment Fund
Fund Inception	9 Apr 2001
Fund Size	$7.48 million (as at 21 Nov 2024)
Entry Price	$1.0735 (as at 21 Nov 2024)
Exit Price	$1.0729 (as at 21 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.35% (as at 29 May 2023)
Indirect Cost Ratio (ICR)	0.35% (as at 30 Jun 2023)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$30,000
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2024)

Holding (as at 30 Sep 2024)	Type	% of Portfolio
Commonwealth Bank of Australia 5.3142%	Bond - Corporate Bond	2.13%
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FAQs about the Western Asset Conservative Income A

What is the objective of the Western Asset Conservative Income A managed fund?

The objective of the Western Asset Conservative Income A 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.

What is the strategy for the Western Asset Conservative Income A managed fund?

The strategy of the Western Asset Conservative Income A 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.

What is the APIR code of the Western Asset Conservative Income A managed fund?

The APIR code of the Western Asset Conservative Income A managed fund is SSB0131AU.

What was Western Asset Conservative Income A’s total return last month?

Western Asset Conservative Income A’s total return last month was 0.36%. This was made up of a growth return of 0.36% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

What was Western Asset Conservative Income A’s total return for the last three months?

Western Asset Conservative Income A’s total return for the last three months was 1.27%. This was made up of a growth return of 0.35% and an income return of 0.92%%. These returns were calculated as at 31 Oct 2024.

What is Western Asset Conservative Income A’s one-year total return?

Western Asset Conservative Income A’s one-year total return is 5.6%. This was made up of a growth return of 0.21% and an income return of 5.39%. These returns were calculated as at 31 Oct 2024.

What is Western Asset Conservative Income A’s three-year total return?

Western Asset Conservative Income A’s one-year total return is 3.35%. This was made up of a growth return of -0.05% and an income return of 3.4%. These returns were calculated as at 31 Oct 2024.

What is the asset allocation of the Western Asset Conservative Income A managed fund?

The asset allocation of the Western Asset Conservative Income A managed fund is :

Cash: 12.24%

Fixed Interest: 87.76%

Australian Equities: 0%

International Equities: 0%

Alternatives: 0%

What sector/asset class does the Western Asset Conservative Income A managed fund belong to?

The Western Asset Conservative Income A managed fund belongs to the Australian Short Term Fixed Interest sector/asset class.

What is the size of the Western Asset Conservative Income A managed fund?

As at 21 Nov 2024, the size of the Western Asset Conservative Income A managed fund was $7.48 million.

What is the inception date of the Western Asset Conservative Income A managed fund?

The Western Asset Conservative Income A managed fund has an inception date of 9 Apr 2001.

What is the current entry price of the Western Asset Conservative Income A managed fund?

The current entry price of the Western Asset Conservative Income A managed fund is $1.0735 per unit and the current exit price is $1.0729 per unit (as at 21 Nov 2024).

What is the current exit price of the Western Asset Conservative Income A managed fund?

The current exit price of the Western Asset Conservative Income A managed fund is $1.0729 per unit and the current entry price is $1.0735 per unit (as at 21 Nov 2024).

What is the minimum investment amount for the Western Asset Conservative Income A managed fund?

The minimum initial investment amount for the Western Asset Conservative Income A managed fund is $30,000. 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.

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