Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
1.32% 61.18M -- 117.0%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-291.63M 19.35% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to maximize total return. The Fund identifies and capitalize on attractive relative-value opportunities in fixed income markets around the globe by investing in a variety of securities and other instruments. The trading strategy include positions based on longer-term outlooks and shorter-term circumstances.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Alternative Strategies
Global Peer Group Alternative Credit Focus
Peer Group Alternative Credit Focus Funds
Global Macro Alternative Bond
US Macro Alternative Bond Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Credit Focus Funds
Fund Owner Firm Name Franklin Templeton
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 98
-56.26M Peer Group Low
273.41M Peer Group High
1 Year
% Rank: 98
-291.63M
-291.63M Peer Group Low
1.430B Peer Group High
3 Months
% Rank: 98
-154.31M Peer Group Low
466.70M Peer Group High
3 Years
% Rank: 94
-6.466B Peer Group Low
2.257B Peer Group High
6 Months
% Rank: 98
-179.50M Peer Group Low
779.01M Peer Group High
5 Years
% Rank: 92
-2.987B Peer Group Low
2.780B Peer Group High
YTD
% Rank: 98
-238.00M Peer Group Low
1.568B Peer Group High
10 Years
% Rank: 62
-24.82B Peer Group Low
8.667B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
2024 *
15.16%
-5.54%
16.74%
6.81%
-0.45%
-21.06%
16.06%
-2.38%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.97%
2.93%
0.85%
8.71%
5.94%
-0.80%
-8.80%
4.43%
4.59%
3.16%
-6.29%
4.59%
1.69%
-2.03%
-12.51%
2.38%
5.47%
9.19%
0.08%
6.51%
1.36%
4.95%
-2.36%
-2.89%
5.11%
3.03%
-3.50%
9.36%
0.71%
2.84%
-7.23%
6.06%
4.79%
As of December 29, 2025. *Indicates data for the year is incomplete.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (10-29-24) 0.35%
30-Day SEC Yield (9-30-24) 3.90%
7-Day SEC Yield --
Number of Holdings 0
Bond
Yield to Maturity (9-30-24) 7.32%
Effective Duration --
Average Coupon 6.02%
Calculated Average Quality 0.00
Effective Maturity 12.72
Nominal Maturity 17.93
Number of Bond Holdings 0
As of September 30, 2024

Asset Allocation

As of September 30, 2024.
Type % Net
Cash 64.59%
Stock 0.00%
Bond 37.11%
Convertible 0.00%
Preferred 0.00%
Other -1.70%
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Top 9 Holdings

Name % Weight Price % Change
Western Asset Premier Institutional Govt Rsvs Prm 99.22% 1.00 0.00%
USD CASH
1.85% -- --
USD/MXN FORWARD CONTRACT
0.97% -- --
OTHER ASSETS LESS LIABILITIES
0.61% -- --
USD/AUD FORWARD CONTRACT
0.06% -- --
USD/INR FORWARD CONTRACT
0.05% -- --
EGP CASH
0.02% -- --
GBP CASH
0.00% -- --
EUR CASH
0.00% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 1.15%
Administration Fee --
Maximum Front Load 3.75%
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product --
Available for RRSP --
Purchase Details
Open to New Investors No
Minimum Initial Investment 1.00M None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks to maximize total return. The Fund identifies and capitalize on attractive relative-value opportunities in fixed income markets around the globe by investing in a variety of securities and other instruments. The trading strategy include positions based on longer-term outlooks and shorter-term circumstances.
General
Security Type Mutual Fund
Equity Style --
Broad Asset Class Taxable Bond
Broad Category Alternative Strategies
Global Peer Group Alternative Credit Focus
Peer Group Alternative Credit Focus Funds
Global Macro Alternative Bond
US Macro Alternative Bond Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Alternative Credit Focus Funds
Fund Owner Firm Name Franklin Templeton
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (10-29-24) 0.35%
30-Day SEC Yield (9-30-24) 3.90%
7-Day SEC Yield --
Number of Holdings 0
Bond
Yield to Maturity (9-30-24) 7.32%
Effective Duration --
Average Coupon 6.02%
Calculated Average Quality 0.00
Effective Maturity 12.72
Nominal Maturity 17.93
Number of Bond Holdings 0
As of September 30, 2024

Fund Details

Key Dates
Inception Date 8/30/2013
Attributes
Inverse Fund --
Leveraged Fund --
Currency Hedged Fund --
Socially Responsible Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:LAOIX:DL", "name")
Broad Asset Class: =YCI("M:LAOIX:DL", "broad_asset_class")
Broad Category: =YCI("M:LAOIX:DL", "broad_category_group")
Prospectus Objective: =YCI("M:LAOIX:DL", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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