US Core Full Discretion

Investment Style

Construct a portfolio using all major fixed-income sectors with a bias towards non-Treasuries. This strategy allows for opportunistic investments in high-yield, emerging markets and non-dollar securities. Value can be added through sector rotation, yield curve positioning, issue selection and duration management.

Investment Vehicles

Separate Account: Contact your Client Service Executive or call 1-626-844-9400
Commingled Vehicle Available

Performance as of June 30, 2018

Returns for periods greater than one year are annualized. Please see the Performance and Risk Disclosures for more detail.

Portfolio Characteristics as of June 30, 2018

US Core Full Discretion | Portfolio Characteristics as of June 30, 2018


Strategy AUM: Total US Core Full Discretion Assets:
US$66.5 billion (as of June 30, 2018)
Benchmark: Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date: 01 Feb 93

Sector Allocation as of June 30, 2018

US Core Full Discretion | Sector Allocation as of June 30, 2018
Note: Sector allocation includes look-through to any underlying commingled vehicles if held. All weightings are a percentage of total market value. A negative cash position may be reported, which is primarily due to the portfolio's unsettled trade activity. Data may not sum to 100% due to rounding.
Strategy Profile
Western Asset investment strategy profiles include overviews, objectives, performance, risk information and more.
IMPORTANT INFORMATION: All investments involve risk including loss of principal. Past performance is not indicative of future investment results. This information is only for use by professional clients, eligible counterparties or qualified investors. It is not aimed at, or for use by, retail clients.
The benchmark does not provide an allocation to the "Emerging Markets" sector. The emerging market sector allocation shown for the benchmark is based on Western Asset's emerging market countries definition for comparison purposes.

¹ Notional market value represents derivatives notional market value excluding interbank derivatives.
** Represented by the US Core Full Below Investment Grade Futures & Options Composite.