NAV
$1.0740
NAV Change
$0.0001
Entry Price
$1.0743
Exit Price
$1.0737
Overall Morningstar Rating
Rating Category: Australian Short Term Fixed Interest
Morningstar Style Box
Historical Morningstar Ratings
| Years | 3 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category | 27 |
| Years | 5 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category | 26 |
| Years | 10 |
| Morningstar Overall Rating™ | |
| Number of Funds In Category | 21 |
Overview
- Fund Information
- Why Consider This Fund?
- Fund Availability
- Meet Your Manager
Fund Information
Investment Objective
To achieve a before-fee-and-tax return in excess of the Bloomberg Ausbond Bank Bill Index over rolling one year periods.
See our fund rating disclaimers
Research reports are available for financial advisers/AFSL holders only. Please contact [email protected] for a copy.
Why Consider This Fund?
- The Fund invests in a diversified portfolio of Australian short duration fixed income securities and cash equivalent instruments.
- A professionally managed portfolio, with a focus on adding value through active management of duration, sector and security selection.
- The Fund combines disciplined portfolio construction with strong fundamental research.
- A highly liquid portfolio designed to deliver consistent investment returns in excess of cash.
The value of investments may go up and down, investment returns are not guaranteed, and investors may lose some of their money. The appropriate level of risk for each person is dependent on a range of factors including age, investment time frame and an investor's risk tolerance. For further information relating to the risks of the Fund, refer to the relevant Product Disclosure Statement.
This product is likely to be appropriate for a consumer seeking income and capital preservation, to be used as a minor or core allocation within a portfolio where the consumer has at least 3 years investment timeframe, low risk profile and needs access to capital within 10 Business Days.
Fund Availability
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Meet Your Manager
Western Asset
One of the world’s leading global fixed income managers. Founded in 1971, the firm is known for team management and proprietary research, supported by robust risk management and a long-term fundamental value approach. Each group of sector specialists utilizes their expertise in bottom-up analysis of each portfolio sector.
Performance
- Annualised Performance
- Cumulative Performance
- Calendar Year Performance
Annualised Performance
Cumulative Performance
Calendar Year Performance
Portfolio
Portfolio Allocations
- Sector
- Credit Quality
Sector
Credit Quality
Distribution
Pricing
Documents
Product Literature
Fact Sheet - Western Asset Conservative Income Fund (Class A)
Product Commentary - Western Asset Conservative Income Fund
Regulatory Documents
Product Disclosure Statements - Western Asset Conservative Income Fund
Annual Report - Franklin Templeton Australia Funds
Statement Of Additional Information - Managed Investment Schemes Additional Information Booklet
TMD - Western Asset Conservative Income Fund
Important Legal Information
Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. All investments involve risks, including possible loss of principal.
Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest. Please read the relevant Product Disclosure Statements (PDSs), and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital. In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations (TMD) for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.
Footnotes
The average credit quality (ACQ) rating may change over time. The portfolio itself has not been rated by an independent rating agency. The letter rating, which may be based on bond ratings from different agencies (or internal ratings for unrated bonds, cash and equivalents), is provided to indicate the average credit rating of the portfolio's underlying investments and generally ranges from AAA (highest) to D (lowest). For unrated bonds, cash and equivalents, ratings may be assigned based on the ratings of the issuer, the ratings of the underlying holdings of a pooled investment vehicle, or other relevant factors. The ACQ is determined by assigning a sequential integer to all credit ratings AAA to D, taking a simple, asset-weighted average of investments by market value and rounding to the nearest rating. The risk of default increases as a bond's rating decreases, so the ACQ provided is not a statistical measurement of the portfolio’s default risk because a simple, weighted average does not measure the increasing level of risk from lower-rated bonds. The ACQ may be lower if cash and equivalents are excluded from the calculation. The ACQ is provided for informational purposes only. Derivative positions are not reflected in the ACQ.
Credit Quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security's rating as provided by S&P Global Ratings, Moody's Investors Service and/or Fitch Ratings, Inc. and typically range from AAA (highest) to D (lowest), or an equivalent and/or similar rating. For this purpose, if two or more of the agencies have assigned differing ratings to a security, the highest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the portfolio does not apply to the stability or safety of the portfolio. The methodology used for the calculation of credit quality ratings displayed may differ from the methodology for monitoring investment limits, if applicable. Please note, the portfolio itself has not been rated by an independent rating agency.