Legg Mason QS Investors Glb Rspnb Inv A (SSB5738AU) Report & Performance

What is the Legg Mason QS Investors Glb Rspnb Inv A fund?

Legg Mason QS Investors Global Responsibility Investment A aims to earn an after-fee return in excess of the MSCI ESG Leaders Index (‘Performance Benchmark’), in Australian dollars over rolling three-year periods. The Fund is an actively managed portofolio with exposure to global equities that blends fundamentally driven investment insights and advanced quantitative techniques. The investment approach seeks attractively valued companiers that also embody good and improving Environmental, Social and Goverance (ESG) practices with the aim of delivering more sustainable returns. The fund also employs an etichal screen which actively screens out companies that do not meet the Fund’s ethical investment criteria.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Legg Mason QS Investors Glb Rspnb Inv A

Legg Mason QS Investors Glb Rspnb Inv A Fund Commentary September 30, 2022

The Fund fell 0.80% (net of fees) over the September quarter, outperforming the benchmark as measured by the (MSCI World ESG Leaders Index (AUD)) which in comparison fell 1.11% over the quarter.

Stock selection was the main detractor across region/sectors, with Continental Europe, the United States, and the United Kingdom showing the most weakness. The New Zealand & Canada region was the sole positive contributor. From a sector perspective, Information Technology and Consumer Discretionary were the largest detractors while Industrials added to value. Regional allocation effects were effectively neutral. The global stock selection model produced positive results in Sentiment and Alternatives, but was negative across Valuation for the quarter. Across the Valuation Dimension, negative results were driven by Value factors which more than offset positive performance from Cash Flow factors. Sentiment Dimension results were strong across factors, led by Earnings Growth factor results. Behavioural and Expectations factors were also positive. The Alternative Dimension added value as well.

At month end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to Continental Europe, and the largest underweight was to Japan. The Fund was most overweight in Industrials and most underweight in Materials.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Legg Mason QS Investors Glb Rspnb Inv ASSB5738AUManaged FundsForeign EquityLarge Blend - Responsible InvestmentForeign Equity - Large Responsible IndexDeveloped -World Index11.20 M0.75%0.00%0.6%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Legg Mason QS Investors Glb Rspnb Inv A1.93%1.36%23.18%12.97%14.19%10.62%12.13%12.13%-4.49%-14.77%-14.77%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Legg Mason QS Investors Glb Rspnb Inv AForeign Equity - Large Responsible Index1.42%1.4%NA%NA%NA%0.942.42%2.64%0.980.98

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
Legg Mason QS Investors Glb Rspnb Inv AYes-https://www.franklintempleton.com.au/-

Product Due Diligence

What is Legg Mason QS Investors Glb Rspnb Inv A

Legg Mason QS Investors Glb Rspnb Inv A is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Responsible Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Legg Mason QS Investors Glb Rspnb Inv A has Assets Under Management of 11.20 M with a management fee of 0.75%, a performance fee of 0.00% and a buy/sell spread fee of 0.6%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the Legg Mason QS Investors Glb Rspnb Inv A has returned 1.93% in the last month. The previous three years have returned 12.97% annualised and 12.13% each year since inception, which is when the Legg Mason QS Investors Glb Rspnb Inv A first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Legg Mason QS Investors Glb Rspnb Inv A first started, the Sharpe ratio is NA with an annualised volatility of 12.13%. The maximum drawdown of the investment product in the last 12 months is -4.49% and -14.77% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Legg Mason QS Investors Glb Rspnb Inv A has a 12-month excess return when compared to the Foreign Equity - Large Responsible Index of 1.42% and 1.4% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Legg Mason QS Investors Glb Rspnb Inv A has produced Alpha over the Foreign Equity - Large Responsible Index of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Foreign Equity - Large Responsible Index category, you can click here for the Peer Investment Report.

What level of diversification will Legg Mason QS Investors Glb Rspnb Inv A provide?

Legg Mason QS Investors Glb Rspnb Inv A has a correlation coefficient of 0.98 and a beta of 0.94 when compared to the Foreign Equity - Large Responsible Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on Legg Mason QS Investors Glb Rspnb Inv A and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Legg Mason QS Investors Glb Rspnb Inv A with the Developed -World Index?

For a full quantitative report on Legg Mason QS Investors Glb Rspnb Inv A compared to the Developed -World Index, you can click here.

Can I sort and compare the Legg Mason QS Investors Glb Rspnb Inv A to do my own analysis?

To sort and compare the Legg Mason QS Investors Glb Rspnb Inv A financial metrics, please refer to the table above.

Has the Legg Mason QS Investors Glb Rspnb Inv A been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in Legg Mason QS Investors Glb Rspnb Inv A?

If you or your self managed super fund would like to invest in the Legg Mason QS Investors Glb Rspnb Inv A please contact via phone or via email .

How do I get in contact with the Legg Mason QS Investors Glb Rspnb Inv A?

If you would like to get in contact with the Legg Mason QS Investors Glb Rspnb Inv A manager, please call .

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Legg Mason QS Investors Glb Rspnb Inv A. All data and commentary for this fund is provided free of charge for our readers general information.

Historical Performance Commentary

Performance Commentary - June 30, 2022

The Fund fell 6.06% (net of fees) over the June quarter, outperforming the benchmark as measured by the (MSCI World ESG Leaders Index (AUD)) which in comparison fell 8.06% over the quarter.

Stock selection added the most value across region/sectors, with the United States being the main contributor as the Consumer Discretionary sector showed the most strength. Continental Europe and Japan also added value, but New Zealand & Canada and the United Kingdom detracted. From a sector perspective, Consumer Discretionary and Communication Services were strongest while Real Estate was the largest detractor. Regional allocation effects were positive with overweight to U.K. being the largest contributor. The global stock selection model was positive for the quarter, despite some weakness in June especially in the Valuation and Alternative dimensions. For the full quarter, the Valuation dimension results were positive with both value and cash flow factors adding value. The Sentiment dimension was mixed; behavioural factors were strong, earnings growth factors added modest value and expectations factors detracted. The impact of the Alternative Dimension was negative.

At month end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to United Kingdom, and the largest underweight was to Japan. The portfolio was most overweight in Information technology and most underweight in Banks.

Performance Commentary - October 31, 2021

The Fund underperformed the MSCI World Index, on a net of fees basis, in the third quarter of 2021, retuning 3.43% Stock selection detracted for the month. Selection within the U.K. and Continental Europe were the top detractors. Within Continental Europe, selection in the Information Technology and Industrials sectors were poor. Across other regions selection in the Australia, New Zealand, and Canada, Japan, and the U.S. was negative, but positive across the Asia Developed ex Japan region. From a sector perspective, selection was weak across Industrials, Consumer Discretionary, and Financials ex Banks. The impact of region and sector allocation decisions was flat.

At quarter end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to Australia, New Zealand, and Canada and the largest underweight was to the U.S. From a sector perspective, the Fund was most overweight in Financials ex Banks and most underweight in Utilities

Performance Commentary - September 30, 2021

The Fund underperformed the MSCI World Index, on a net of fees basis, in the third quarter of 2021, retuning 3.43% Stock selection detracted for the month. Selection within the U.K. and Continental Europe were the top detractors. Within Continental Europe, selection in the Information Technology and Industrials sectors were poor. Across other regions selection in the Australia, New Zealand, and Canada, Japan, and the U.S. was negative, but positive across the Asia Developed ex Japan region. From a sector perspective, selection was weak across Industrials, Consumer Discretionary, and Financials ex Banks. The impact of region and sector allocation decisions was flat.

At quarter end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to Australia, New Zealand, and Canada and the largest underweight was to the U.S. From a sector perspective, the Fund was most overweight in Financials ex Banks and most underweight in Utilities.

Performance Commentary - July 31, 2021

The Fund returned 3.46% during June, and 9.79% for the quarter. Stock selection detracted value for the month. Selection within the U.S. was notably weak, especially in the Information Technology, Consumer Discretionary, and Banks sectors. Selection was also weak in Australia, New Zealand, and Canada, but mostly flat across other regions.

From a sector perspective, selection was weak virtually across the board, mainly in the Consumer Discretionary and Information Technology sectors. The impact of region and sector allocation decisions was essentially neutral. At month end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to Australia, New Zealand, and Canada and the largest underweight was to the Japan. From a sector perspective, the Fund was most overweight in Health Care and most underweight in Utilities.

Performance Commentary - June 30, 2021

The Fund returned 3.46% during June, and 9.79% for the quarter. Stock selection detracted value for the month. Selection within the U.S. was notably weak, especially in the Information Technology, Consumer Discretionary, and Banks sectors. Selection was also weak in Australia, New Zealand, and Canada, but mostly flat across other regions. From a sector perspective, selection was weak virtually across the board, mainly in the Consumer Discretionary and Information Technology sectors. The impact of region and sector allocation decisions was essentially neutral. At month end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to Australia, New Zealand, and Canada and the largest underweight was to the Japan. From a sector perspective, the Fund was most overweight in Health Care and most underweight in Utilities.

Performance Commentary - May 31, 2021

The MSCI World Index was up in May. Markets generally rose on signs of continued economic recovery in the U.S., China and elsewhere. However, paired with this economic growth were concerns over inflation, which sparked volatility throughout the month. Whether recent inflation would be persistent or transitory was top of mind for investors as they attempted to gauge fiscal and monetary policy responses. U.S. Treasury yields decreased, but these moves were small relative to the volatility observed year-to-date; the 10-Year Treasury yield fell from 1.63 to 1.60 over the course of the month. The U.S. dollar depreciated against most major currencies, decreasing 1.6% (Dollar Index Spot). Gold rose 7.6% (AUD). The price of Crude oil (WTI) increased 4.3% (AUD), exceeding recent March highs, helped by a weaker dollar and strong demand.

The top performing sectors were Banks, Energy and Materials, with returns of 6.0%, 4.9% and 4.1%, respectively. The worst performers were Consumer Discretionary, Information Technology and Utilities, returning -1.3%, -1.2% and -1.0%, respectively

The Fund outperformed the MSCI World Index in May 2021, returning 3.28%. Stock selection added value for the month with selection effects leading the way. Selection within the U.S. was notably strong, especially in the Information Technology and Consumer Discretionary sectors. Selection was also strong in continental Europe and Japan, and detracted modestly in the U.K. From a sector perspective, selection was strong virtually across the board, led by the Consumer Discretionary and Information Technology sectors. The impact of region and sector allocation decisions was essentially neutral.

Performance Commentary - December 31, 2020

The Fund was -0.99% in December compared with the MSCI World Index (AUD), which fell -0.46% for the month. The Fund was up 4.7% for the December quarter while MSCI World Index (AUD) rose 5.85%. Stock selection detracted value for the month, most notably in the U.S. In the U.S. region, selection within Consumer Discretionary, Consumer Staples, and Health Care was weak. Selection also detracted in Continental Europe and Australia, New Zealand, and Canada. Selection effects were positive in Japan and the U.K. Across sectors selection was weak in Consumer Discretionary and Consumer Staples. Regional and sector allocation effects were flat.

At month end and quarter end, the Fund was attractively valued with a lower 12-month forward PE than the benchmark. The Fund was well diversified across regions and sectors. The largest region overweight was to the U.K. region, and the largest underweight was to Japan. The Fund was most overweight in Real Estate and most underweight in Consumer Discretionary.

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