Legg Mason BW Absolute Return Opportunities Fund

U.S. News evaluated 75 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -2.83 percent over the past year, and 3.85 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date -1.3%
1 Year -2.8%
3 Years (Annualized) 3.8%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks positive returns that are independent of market cycles. The fund seeks to meet its investment objective through strategic investments in domestic and foreign fixed income securities and currencies. It will initiate long and short exposures by investing across bond sectors, including sovereign debt and corporate bonds; currencies; and derivative instruments. The weighted average effective duration of the fund's portfolio, including derivatives, is expected to range from -5 to +5 years. The fund is non-diversified.

Fees

Fees are Above Average compared to funds in the same category.
Legg Mason BW Absolute Return Opportunities Fund has an expense ratio of 1.45 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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