Western Asset's Global Sovereign^Q (YEN Unhedged) composite includes portfolios that employ proprietary models and a rigorous quantitative investment discipline combined with the professional insights and experience of portfolio managers. These portfolios focus on global relative value and independence of diversified strategies, including currency allocations, country allocations, duration positioning, and yield curve positioning.

Excess return objectives are customizable based on investors' risk tolerance. Investors can target excess return ranging from 100 to 400 basis points annualized over the course of a market cycle, with corresponding 100 to 400 basis points tracking error targets.

Utilize a model-driven investment discipline and construct a diversified portfolio of independent alpha engines using all major global markets. Value may be added through country and currency allocation, as well as duration and yield curve positioning. Rigorous analyses are performed using proprietary quantitative models combined with professional insights and experience of the portfolio management team to determine the relative value positions that seek to provide optimal risk/return characteristics. Risk/return is customizable without the use of financial leverage.