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LMAOX Legg Mason BW Alternative Credit FI

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Fund LMAOX Legg Mason BW Alternative Credit FI
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Similarity
?
100%
Annual Fees
?
$167.64
(1.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.60% annual return
$9,781.69
Est. savings over 30 yrs
Return
As of 10/31/16
1 YR RETURN 3.84%
3 YR 3.16%
5 YR 7.68%
10 YR --
Description
The investment seeks to provide positive returns independent of market cycles through a high level of income and capital appreciation. Under normal circumstances, the fund seeks to achieve its investment objective by taking a flexible, long and short global credit approach. The fund will rotate amongst the global credit opportunities (long or short) that the subadviser finds most attractive and navigate the credit quality spectrum throughout the different phases of the business cycle. The fund also has the flexibility to hedge or increase exposure to certain risks based on the subadviser's macroeconomic views. The fund is non-diversified.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

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