What is a core plus fund?
Core plus is an investment management style that permits managers to augment a core base of holdings, within a specified-objective portfolio, with instruments that have greater risk and greater potential return. Funds that utilize this strategy are called core-plus funds.
What are the organizational pillars of Western Asset Management?
About Us – Our Firm
- Our Firm.
- Investment Philosophy.
- Risk Management.
- Client Service.
- ESG.
What are fixed income securities?
Fixed-Income securities are debt instruments that pay a fixed amount of interest—in the form of coupon payments—to investors. The interest payments are typically made semiannually while the principal invested returns to the investor at maturity. Bonds are the most common form of fixed-income securities.
What is the difference between core and core plus?
Core plus properties tend to be of slightly lower quality than Core properties and are purchased more aggressively, with more debt. Cash flow in a Core Plus property might be more variable, but it can also produce higher returns. Investors in Core Plus properties expect a 9% to 13% annualized return.
Who owns Western Asset funds?
Legg MasonWestern Asset Management Company / Parent organization
Western Asset Management Company was founded in October 1971 by United California Bank (which later became First Interstate), and became an SEC-registered investment advisor in December of that year. In December 1986, Western Asset was acquired by Legg Mason, Inc.
Is AMC and mutual fund same?
You may invest in mutual funds directly with an AMC or asset management company. The company is principally responsible for driving the mutual fund and making decisions that benefit the investors. Under the leadership of a fund manager, it invests the money in line with the investment objectives of the scheme.
Are bond index funds safe?
Volatility: Most broad-based bond index funds invest in government securities, including those from the U.S. government. Performance: Most investors consider bonds as generally safe investments, even though there will always be risk involved. But safer investments also tend to generate smaller returns in the long term.
What is a core bond fund?
Core bond funds offer investors a single diversified bond fund product with broad exposure to the investment-grade area of the bond market. They provide participation in several market segments, most notably U.S. Treasuries, mortgage-backed securities, and investment-grade corporate bonds.
What is the Western Asset Core Plus bond fund?
About WACPX While investors often view bonds as one broad asset class, various debt instruments have their own unique risk characteristics. The Western Asset Core Plus Bond Fund mainly focuses on high-quality bonds. These are typically less volatile than more speculative bonds, though they tend to return less.
Who owns the Core Plus bond fund?
The fund’s parent company, Legg Mason, operates its affiliates under distinct brand names, including Western Asset Management Co. Kenneth Leech, lead manager of the Core Plus Bond Fund, serves as Western Asset’s chief investment officer. After co-chief investment officer Steven Walsh retired in 2014, Leech became the sole lead manager.
What are Western Asset’s investment strategy profiles?
Western Asset investment strategy profiles include overviews, objectives, performance, risk information and more.
What is a core Fixed-Income Fund?
The fund seeks to maximize total return from a high-quality, U.S. domestic core fixed-income portfolio. According to fund literature, that portfolio “can be enhanced by allocations to sectors such as high-yield, non-U.S. and emerging market debt.” Morningstar calls the fund a “core” holding.