US Investment Grade Credit Full Discretion

Investment Objective

Seeks to achieve returns in excess of the benchmark annually over the course of a market cycle while emphasizing total return.

Investment Style

Construct and maintain a diversified portfolio of primarily investment-grade bonds. Value can be added through issuer/issue selection and sector rotation. Western Asset uses various tools, both external and proprietary, to help identify, measure and manage portfolio risk. This style allows for some degree of exposure to below investment grade issues.

Investment Vehicles

Commingled Vehicle Available

Performance as of September 30, 2017

Returns for periods greater than one year are annualized. Please see the Performance Disclosure for more information.

Snapshot

Strategy AUM: Total US Investment Grade Credit Full Discretion Assets:
US$569.3 million (as of June 30, 2017)
Benchmark: Bloomberg Barclays U.S. Credit Bond Index
Inception Date: 01 Aug 02

Sector Allocation as of June 30, 2017

US Investment Grade Credit Full Discretion | Sector Allocation as of June 30, 2017
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.

Portfolio Characteristics as of June 30, 2017

US Investment Grade Credit Full Discretion | Portfolio Characteristics as of June 30, 2017
Past performance is not indicative of future investment results, the value of any investment can fall as well as rise.