Total Return Unconstrained (TRU) Bond

Investment Objective

Maximize return consistent with the current market environment and outperform the broad market over the course of a market cycle.

Investment Style

Construct a portfolio in which the manager intends to actively manage sector, duration and term structure exposure. The manager will be opportunistic and will make tactical changes based on our fundamental assessment of current market conditions.

Investment Vehicles

Separate Account: Contact your CSE or call 1-626-844-9400
Commingled Vehicle Available

Performance as of September 30, 2017

The Total Return Unconstrained (TRU) Bond Composite is not measured against a benchmark. There is no benchmark available which appropriately reflects the strategy of this Composite.

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

Snapshot

Strategy AUM: Total Total Return Unconstrained (TRU) Bond Assets:
US$4.7 billion (as of June 30, 2017)
Benchmark: No Benchmark*
Inception Date: 01 Jul 04

Sector Allocation as of June 30, 2017

Total Return Unconstrained (TRU) Bond | 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

Total Return Unconstrained (TRU) Bond | 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.
Notional market value represents derivatives notional market value excluding interbank derivatives

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.
* The Total Return Unconstrained (TRU) Bond Composite is not measured against a benchmark. There is no benchmark available which appropriately reflects the strategy