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Western Asset Limited Duration Bond Portfolio To maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain an average duration of 1 to 3 years. |
Taxable > Traditional Fixed Income |
Merrill Lynch 1-3 Year Treasury Index |
North America |
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Western Asset Non-U.S. Opportunity Bond Portfolio
To maximize total return, consistent with prudent investment management. |
Taxable > Traditional Fixed Income |
Citigroup World Government ex-U.S. Index (Hedged) |
Europe |
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Western Asset Absolute Return Portfolio To maximize long-term total return. |
Taxable > Absolute Return |
The Portfolio is not measured against a benchmark. |
North America |
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Australian Bond Trust To earn a gross rate of return of 0.75% p.a. in excess of the UBS Australian Composite Bond Index over rolling 3-year periods without incurring significantly higher volatility. |
Taxable > Traditional Fixed Income |
UBS Australian Composite Bond Index |
Australia |
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Australian Cash Plus Trust To earn a gross rate of return of 0.60% p.a. in excess of the UBS Australian Bank Bill Index over rolling 1-year periods. |
Taxable > Traditional Fixed Income |
UBS Australian Bank Bill Index |
Australia |
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Australian Credit Trust To earn a gross rate of return of 0.90% p.a. in excess of the UBS Australian Composite Bond Index over rolling 3-year periods. |
Taxable > Traditional Fixed Income |
UBS Australian Composite Bond Index |
Australia |
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WA US$ SHORTER DURATION FUND To maximize current income, consistent with the preservation of capital, by investing primarily in high quality, short-term debt securities of U.S. Issuers. |
Liquidity > Enhanced Cash |
Merrill Lynch
3-Month LIBOR Index |
North America |
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WA EMERGING MARKETS BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in U.S. Dollar denominated Emerging Markets Debt Securities. |
Taxable > Traditional Fixed Income |
JP Morgan EMBI Plus |
North America |
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WA EURO CORE PLUS BOND FUND To maximize total return, through income and capital appreciation, by investing at least 80% of the Fund's Net Asset Value in debt securities denominated in Euro. Up to 20% of the Net Asset Value of the Fund may be invested in investments denominated in other currencies. |
Taxable > Traditional Fixed Income |
Citigroup Euro BIG Index |
Europe |
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WA UK£ CORE PLUS BOND FUND To maximize total return, through income and capital appreciation, by investing at least 80% of the Fund's Net Asset Value in debt securities of U.K. Issuers denominated in Pounds Sterling. Up to 20% of the Fund's Net Asset Value may be invested in debt securities denominated in other currencies provided that no more than 10% of the Fund's Net Asset Value may be unhedged against Sterling. |
Taxable > Traditional Fixed Income |
Merrill Lynch Sterling
Broad Market Index |
Europe |
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WA GLOBAL INFLATION LINKED BOND FUND To maximize total return, consistent with capital preservation, by investing at least 80 per cent of its Net Asset Value in inflation-indexed debt securities issued by national governments that are denominated in U.S. Dollars, Pounds Sterling, Euro and a variety of other currencies. |
Taxable > Traditional Fixed Income |
Barclays World Government
Inflation-Linked All Maturities
Index |
Global |
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WA GLOBAL BOND FUND - EX US To maximize total return, through income and capital appreciation, by investing primarily in the non U.S. dollar denominated global fixed income markets. The Fund will invest at least 80 per cent of its Net Asset Value in non-U.S. Dollar denominated debt securities, with a bias toward non-sovereign debt securities, including corporate debt securities and mortgage-backed securities. |
Taxable > Traditional Fixed Income |
Citigroup WGBI Ex-US,
USD Hedged |
Global |
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WA GLOBAL INFLATION LINKED BOND FUND - EX UK£ To maximize total return, through income and capital appreciation, by investing at least 80 per cent of its Net Asset Value in non-Sterling denominated inflation indexed debt securities issued by national governments and supra-national organizations that are listed or traded on Regulated Markets. The Fund may also invest in other types of freely transferable debt securities that are not indexed to inflation. |
Taxable > Traditional Fixed Income |
Barclays World Ex-UK
Inflation-Linked All Maturities, USD
Hedged |
Global |
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WA UK£ LONG DURATION BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in longer duration debt securities of U.K. Issuers denominated in Sterling. |
Taxable > Traditional Fixed Income |
50% FTSE-A Gilts Over
15 Years Index & 50%
Merrill Lynch Sterling
Non-Gilts |
Europe |
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WA UK£ CREDIT BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in corporate debt securities of U.K. Issuers denominated in Sterling. |
Taxable > Traditional Fixed Income |
iBoxx Sterling Non-Gilts
Total Return |
Europe |
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WA US$ LIMITED DURATION BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in debt securities of U.S. Issuers denominated in U.S. Dollars. |
Taxable > Traditional Fixed Income |
Merrill Lynch US Treasuries,
1-3 Years Index |
North America |
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WA UK£ INFLATION LINKED PLUS BOND FUND To maximize total return, consistent with capital preservation, by investing primarily in inflation index debt securities issued or guaranteed by national governments, their agencies, instrumentalities and political sub-divisions based or operate predominantly in the U.K. denominated in Pounds Sterling. The Fund may also invest in other types of freely transferable debt securities denominated in Sterling that are not indexed to inflation. |
Taxable > Traditional Fixed Income |
FTSE-A Index-Linked Gilts
Over 5 Years Index |
Europe |
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WA UK£ LIMITED DURATION BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in shorter maturity debt securities of U.K. Issuers denominated in Sterling. |
Taxable > Traditional Fixed Income |
Merrill Lynch Sterling
Broad Market 1-3 Year Index |
Europe |
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WA EURO CORE BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in debt securities denominated in Euro. |
Taxable > Traditional Fixed Income |
Citigroup Euro BIG Index |
Europe |
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WA EURO CREDIT BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in corporate debt securities denominated in Euro. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA EURO EQUITY PLUS FUND To achieve a total return, which exceeds that of the Dow Jones EURO STOXX 50 Index, by investing in a portfolio consisting primarily of EURO STOXX 50 index derivatives combined with debt securities listed or traded on Regulated Markets in the OECD. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA EURO HIGH YIELD BOND FUND To provide a high level of current income by investing primarily in high-yielding debt securities that are denominated in Euro. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA EURO INFLATION LINKED BOND FUND To maximize total return, consistent with capital preservation, by investing at least 80 per cent of its Net Asset Value in inflation index debt securities issued or guaranteed by national governments, their agencies, instrumentalities and political sub-divisions that are denominated in Euro. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA EURO INFLATION LINKED PLUS BOND FUND To maximize total return, consistent with capital preservation, by investing primarily in inflation index debt securities issued or guaranteed by national governments, their agencies, instrumentalities and political sub-divisions that are denominated in Euro. The Fund may also invest in other types of freely transferable debt securities that are not indexed to inflation. No more than 5% of the Fund's Net Asset Value may be unhedged against the Euro. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA EURO LIMITED DURATION BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in shorter maturity debt securities denominated in Euro. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA EURO MONEY MARKET FUND To provide a reasonable level of current income, consistent with the preservation of capital, by investing primarily in high quality, short-term money market instruments denominated in Euro. |
Liquidity > Money Market |
None Stated |
Europe |
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WA GLOBAL CORE BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in the global fixed income markets. The Fund will invest primarily in debt securities denominated in various currencies, with a bias toward non-sovereign debt securities, including corporate debt securities and mortgage-backed securities. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
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WA GLOBAL HIGH YIELD BOND FUND To maximize total return through income and capital appreciation by investing primarily in higher yielding debt securities denominated in U.S. Dollars, Japanese Yen, Pounds Sterling, Euro and a variety of other currencies of developed and Emerging Markets countries. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
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WA GLOBAL INFLATION LINKED PLUS BOND FUND To maximize total return, consistent with capital preservation, by investing primarily in inflation-indexed debt securities issued by national governments that are denominated in U.S. Dollars, Sterling, Euro and a variety of other currencies. The Fund may also invest in other types of freely transferable debt securities that are not indexed to inflation. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
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WA STERLING MONEY MARKET FUND To provide a reasonable level of current income, consistent with the preservation of capital, by investing primarily in high quality, short-term money market instruments denominated in Sterling. |
Liquidity > Money Market |
None Stated |
Europe |
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WA UK£ CORE BOND FUND To maximize total return, through income and capital appreciation, by investing at least 80% of the Fund's Net Asset Value in debt securities of U.K. Issuers denominated in Pounds Sterling. Up to 20% of the Fund's Net Asset Value may be invested in debt securities denominated in other currencies, provided that no more than 10% of the Fund's Net Asset Value may be unhedged against Sterling. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA UK£ HIGH YIELD BOND FUND To provide a high level of current income by investing primarily in high-yielding debt securities of U.K. Issuers denominated in Sterling. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA UK£ INFLATION LINKED BOND FUND To maximize total return, consistent with capital preservation, by investing at least 80% of the Fund's Net Asset Value in inflation index debt securities issued or guaranteed by national governments, their agencies, instrumentalities or political sub-divisions that are based or operate predominantly in the U.K. denominated in Sterling. |
Taxable > Traditional Fixed Income |
None Stated |
Europe |
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WA US$ CREDIT BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in U.S. Dollar denominated corporate debt securities of U.S. Issuers. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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WA US$ EQUITY PLUS FUND To achieve a total return, which exceeds that of the S&P 500 Index, by investing in a portfolio comprised primarily of equity index derivatives to gain an exposure to the S&P 500 Index combined with U.S. Dollar denominated debt securities of U.S. Issuers. The Fund may also opportunistically invest in equity securities (in addition to equity index derivatives) to gain exposure to the S&P 500. No more than 10% of the Fund's Net Asset Value may be invested in non-U.S. Dollar denominated instruments. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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WA US$ MONEY MARKET FUND To provide a reasonable level of current income, consistent with the preservation of capital, by investing primarily in high quality, short-term money market instruments denominated in U.S. Dollars. |
Liquidity > Money Market |
None Stated |
North America |
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WA US$ SHORTER DURATION FUND - PLUS To maximize current income, consistent with the preservation of capital, by investing primarily in high quality, short-term debt securities of U.S. Issuers. |
Liquidity > Enhanced Cash |
None Stated |
North America |
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WA US$ TIPS FUND To maximize total return, consistent with capital preservation, by investing at least 80 percent of its Net Asset Value in U.S. Treasury Inflation Protected Securities ("U.S. TIPS"). |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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WA US$ TIPS PLUS FUND To maximize total return, consistent with capital preservation, by investing primarily in U.S. TIPS. The Fund may also invest in debt securities of U.S. issuers that are not indexed to inflation and in inflation index securities of non-U.S. issuers. No more than 5 percent of the Fund's Net Asset Value may be unhedged against the U.S. Dollar. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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WA GLOBAL BOND FUND - EX EURO To maximize total return, through income and capital appreciation, by investing primarily in the non-Euro denominated global fixed income markets. The Fund will invest at least 80 per cent of its Net Asset Value in non-Euro denominated debt securities listed or traded on Regulated Markets, with a bias toward non-sovereign debt securities, including corporate debt securities and mortgage-backed securities. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
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WA GLOBAL BOND FUND - EX UK To maximize total return, through income and capital appreciation, by investing primarily in the non-Sterling denominated global fixed income markets. The Fund will invest at least 80 per cent of its Net Asset Value in non-Pounds Sterling denominated debt securities listed or traded on Regulated Markets, with a bias toward non-sovereign debt securities, including corporate debt securities and mortgage-backed securities. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
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Core Plus Global Trust To earn a gross rate of return of 1.25% p.a. in excess of the Barclays Capital Global Aggregate Index (hedged into Australian dollars). |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate Index (hedged into Australian dollars). |
Global |
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Diversified Fixed Interest (DFIT) To earn a gross rate of return of 1% p.a. in excess of a composite benchmark over rolling three-year periods. The composite benchmark comprises 50% the UBS Australian Composite Bond Index and 50% the Barclays Capital Global Aggregate Index (hedged into Australian dollars). |
Taxable > Traditional Fixed Income |
The composite benchmark comprises 50% the UBS Australian Composite Bond Index and 50% the Barclays Capital Global Aggregate Index (hedged into Australian dollars). |
Australia |
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Global Multi Sector Bond Trust To earn a gross return of 2% p.a. in excess of the Benchmark over rolling three-year periods. |
Taxable > Traditional Fixed Income |
50% the Barclays Capital Global Aggregate Index, 25% the J.P. Morgan Emerging Markets Bond Index Plus and 25% the Barclays Capital US Corporate High Yield 2% Issuer Constrained (all hedged into Australian dollars) |
Global |
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WA GLOBAL CORE PLUS BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in the global fixed income markets. The Fund will invest primarily in debt securities denominated in various currencies, with a bias toward non-sovereign debt securities, including corporate debt securities and mortgage-backed securities. |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate Index, USD Hedged |
Global |
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WA GLOBAL CREDIT BOND FUND To maximize total return, through income and capital appreciation, by investing primarily in corporate debt securities of issuers that are denominated in U.S. Dollars, Japanese Yen, Euro, Pounds Sterling, and a variety of other currencies. |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate Credit (USD Hedged) |
Global |
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WA GLOBAL MULTI SECTOR FUND To maximize total return (including income and capital appreciation), strategically, by investing primarily across all sectors of the global fixed income markets by constructing a portfolio of higher yielding debt securities denominated in U.S. Dollars, Japanese Yen, Sterling, Euro and a variety of other currencies of developed and Emerging Markets countries. |
Taxable > Traditional Fixed Income |
50% Barclays Capital Global Aggregate, 25% Barclays Capital U.S. Corporate High Yield - 2% Issuer Cap (USD), and 25% JP Morgan EMBI+ Index |
Global |
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WA GLOBAL SOVEREIGN BOND FUND To maximize total return, consistent with preservation of capital, by investing primarily in sovereign debt securities of governments located in developed countries worldwide. |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate - Credit Index (USD Hedged) |
Global |
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WA US$ CORE PLUS BOND FUND To maximize total return, through income and capital appreciation, by investing at least 80% of the Fund's Net Asset Value in debt securities denominated in U.S. Dollars of U.S. Issuers. Up to 20% of the Fund's Net Asset Value may be invested in investments denominated in other currencies. |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate |
North America |
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WA US$ HIGH YIELD BOND FUND To provide a high level of current income by investing primarily in U.S. Dollar denominated high yielding debt securities of U.S. Issuers. |
Taxable > Traditional Fixed Income |
Barclays Capital US Corporate High Yield |
North America |
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Western Asset Core Bond Portfolio To maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain an average duration of generally 3 to 7 years. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Aggregate Index |
North America |
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Western Asset Core Plus Bond Portfolio To maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain an average duration of generally 2.5 to 7 years. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Aggregate Index |
North America |
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Western Asset High Yield Portfolio To maximize total return, consistent with prudent investment management. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Corporate High Yield Index - 2% Issuer Cap |
North America |
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Western Asset Inflation Indexed Plus Bond Portfolio
To maximize total return, consistent with preservation of capital. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. TIPS Index |
North America |
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Western Asset Intermediate Bond Portfolio To maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain an average duration of 2 to 4 years. |
Taxable > Traditional Fixed Income |
Barclays Capital Intermediate Government/Credit Index |
North America |
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Western Asset Intermediate Plus Bond Portfolio To maximize total return, consistent with prudent investment management and liquidity needs, by investing to obtain an average duration of generally 2 to 5 years. |
Taxable > Traditional Fixed Income |
Barclays Capital Intermediate Government/Credit Index |
North America |
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Western Asset Institutional Cash Reserves Liquidity and as high a level of current income as is consistent with the preservation of capital. There is no assurance that the Fund will achieve its objectives. |
Liquidity > Money Market |
The Fund's benchmark is the iMoneyNet AAA-rated 1st Tier Taxable Money Market Funds Average. Other client benchmarks may include overnight and seven-day deposit rates. |
North America |
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Western Asset Institutional Liquid Reserves Liquidity and as high a level of current income as is consistent with the preservation of capital. There is no assurance that the Fund will achieve its objectives. |
Liquidity > Money Market |
The Fund's benchmark is the iMoneyNet 1st Tier Institutional Taxable Money Market Funds Average. Other client benchmarks may include overnight and seven-day deposit rates. |
North America |
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Western Asset Institutional Tax Free Reserves High levels of current income exempt from federal income taxes, preservation of capital and liquidity by investing primarily in high quality short-term municipal obligations. There is no assurance that the Fund will achieve its objectives. |
Liquidity > Money Market |
The Fund's benchmark is the iMoneyNet Institutional Tax Free Money Market Funds Average. Other client benchmarks may include overnight and seven-day deposit rates on an after-tax basis. |
North America |
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WA GLOBAL OPPORTUNISTIC BOND FUND To maximize total return, through income and capital appreciation by investing primarily in the global fixed income markets as opportunities arise. The Fund will invest primarily in debt securities denominated in various currencies, with a bias toward non-sovereign debt securities, including corporate debt securities, mortgage-backed securities, and debt securities of issuers that are domiciled in Emerging Markets countries. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
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Australian Cash Trust To earn a gross rate of return equivalent to at least the UBS Australian Bank Bill Index over rolling 1-year periods. |
Taxable > Traditional Fixed Income |
UBS Australian Bank Bill Index |
Australia |
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Western Asset - USD Liquidity Fund The investment objective of the Fund is to maintain capital value while seeking to produce a money market return to the investor. The Fund employs specific investment policies and procedures designed to maintain a constant Net Asset Value of USD 1.00 per Class D and Class S Share. However, there can be no assurance that a constant Net Asset Value will be maintained on a continuing basis. |
Liquidity > Money Market |
Overnight USD LIBID |
North America |
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Western Asset - Euro Liquidity Fund The investment objective of the Fund is to maintain capital value while seeking to produce a money market return to the investor. The Fund employs specific investment policies and procedures designed to maintain a constant Net Asset Value of EUR 1.00 per Class D and Class S Share. However, there can be no assurance that a constant Net Asset Value will be maintained on a continuing basis. |
Liquidity > Money Market |
EONIA |
Europe |
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Western Asset - Sterling Liquidity Fund The investment objective of the Fund is to maintain capital value while seeking to produce a money market return to the investor. The Fund employs specific investment policies and procedures designed to maintain a constant Net Asset Value of GBP 1.00 per Class D and Class S Share. However, there can be no assurance that a constant Net Asset Value will be maintained on a continuing basis. |
Liquidity > Money Market |
SONIA |
Europe |
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Western Asset - Euro Government Fund The investment objective of the Fund is to maintain capital value while seeking to produce a high level of liquidity and current income from short term European government obligations, for the investor. The Fund employs specific investment policies and procedures designed to maintain a constant Net Asset Value of EUR 1.00 per Class D. However, there can be no assurance that a constant Net Asset Value will be maintained on a continuing basis. |
Liquidity > Money Market |
Overnight Euro Libid |
Europe |
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Western Asset Institutional U.S. Treasury Reserves Liquidity and as high a level of current income as is consistent with the preservation of capital. There is no assurance that the Fund will achieve its objectives. |
Liquidity > Money Market |
None Stated |
North America |
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Western Asset Global Partners Income Fund Inc. (GDF) The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks capital appreciation. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Worldwide Income Fund Inc. (SBW) The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks capital appreciation. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Global High Income Fund Inc. (EHI) The Fund's primary investment objective is high current income. The Fund's secondary objective is total return. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset High Income Opportunity Fund Inc. (HIO) The High Income Opportunity Fund seeks a high current income. Capital appreciation is a secondary objective. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Municipal Partners Fund Inc. (MNP) The Fund seeks as high a level of current income exempt from regular federal income tax as is consistent with preservation of capital. |
Tax-Advantaged > Municipal |
None Stated |
North America |
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Western Asset Emerging Markets Debt Fund Inc. (ESD) The Fund's primary investment objective is total return. The Fund's secondary objective is high current income. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Emerging Markets Floating Rate Fund Inc. (EFL) The Fund seeks to maintain a high level of current income. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Emerging Markets Income Fund Inc. (EMD) The Fund seeks high current income. As a secondary objective, the Fund seeks capital appreciation. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Variable Rate Strategic Fund Inc. (GFY) The Fund's investment objective is to maintain a high level of current income. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset High Income Fund Inc. (HIF) The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks capital appreciation. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset High Income Fund II Inc. (HIX) The Fund seeks to maximize current income. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with maximization of current income. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Inflation Management Fund Inc. (IMF) The Fund's primary investment objective is total return with a secondary investment objective of current income. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
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Western Asset Managed High Income Fund Inc. (MHY) The Managed High Income Portfolio's primary investment objective is high current income. Capital appreciation is a secondary objective. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Western Asset Intermediate Muni Fund Inc. (SBI) The Intermediate Muni Fund seeks a high level of current income exempt from regular federal income taxes consistent with prudent investing. |
Tax-Advantaged > Municipal |
None Stated |
North America |
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Western Asset Managed Municipals Fund Inc. (MMU) The Managed Municipals Portfolio seeks as high a level of current income exempt from federal income tax as is consistent with preservation of principal. |
Tax-Advantaged > Municipal |
None Stated |
North America |
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Western Asset Municipal High Income Fund Inc. (MHF) The Municipal High Income Fund seeks high current income exempt from federal income taxes. |
Tax-Advantaged > Municipal |
None Stated |
North America |
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Western Asset / Claymore Inflation-Linked Securities & Income Fund (WIA) The Fund's investment objective is to provide current income. Capital appreciation, when consistent with current income, is a secondary investment objective... |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Western Asset / Claymore Inflation-Linked Opportunities & Income Fund (WIW) The Fund's investment objective is to provide current income. Capital appreciation, when consistent with current income, is a secondary investment objective... |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Western Asset Municipal Defined Opportunity Trust (MTT) To provide high current income generally exempt from federal income tax and then to liquidate on or about April 30, 2021. As a secondary objective, the Fund will seek total return. |
Tax-Advantaged > Municipal |
None Stated |
North America |
|
Western Asset Income Fund (PAI) The Fund's primary investment objective is to provide current income for its shareholders. Capital appreciation, when consistent with current income, is a secondary investment objective. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Western Asset Premier Bond Fund (WEA) The Fund's investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) To provide current income and then to liquidate on or about December 2, 2024. As a secondary investment objective, the Fund will seek capital appreciation. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) To provide current income, and then to liquidate and distribute substantially all of the Fund's net assets to stockholders on or about December 2, 2024. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance the Fund's investment objectives will be achieved. |
Taxable > Traditional Fixed Income |
None Stated |
Global |
|
Western Asset Mortgage Defined Opportunity Fund Inc. (DMO) To provide current income. As a secondary investment objective, the Fund will seek capital appreciation. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
LMP Capital and Income Fund Inc. (SCD) The Fund's Investment objective is total return with an emphasis on income. |
Taxable > Traditional Fixed Income |
None Stated |
North America |
|
Investment Grade Credit Seeks to take advantage of the historically wide spreads currently available in the credit sector of the fixed income markets. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Credit Bond Index |
North America |
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Investment Grade Credit Plus Seeks to take advantage of the historically wide spreads currently available in the credit sector of the fixed income markets. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Credit Bond Index |
North America |
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US Municipal Money Market Seeks to achieve returns in excess of the benchmark. |
Liquidity > Money Market |
iMoney Net General Institutional Tax Free Money Market Fund Average N |
North America |
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US Managed Cash Seeks to achieve returns in excess of the benchmark annually over time. |
Liquidity > Money Market |
Citigroup 3-Month Treasury Bill Index |
North America |
|
Japan Core Full Discretion Exceed the benchmark return by 100 to 125 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Nomura Bond Performance Index (BPI) |
Asia Pacific |
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Japan Core Exceed the benchmark return by 50 to 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Nomura Bond Performance Index (BPI) |
Asia Pacific |
|
Non-US Core (USD Hedged) Exceed the benchmark return by at least 80 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Citigroup Non USD World Government Bond Index, USD Hedged |
Europe |
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UK Core Exceed the benchmark return by 100 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
Europe |
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UK Long Duration Exceed the benchmark return by 100 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
Europe |
|
US Corporate Exceed the benchmark by 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Credit Bond Index |
North America |
|
UK Unconstrained Exceed the benchmark return by 200 basis points annualized over the course of a market cycle. |
Taxable > Traditional Fixed Income |
FTSE-UK Gilts Over 15 Years Index/Custom Index |
Europe |
|
US Municipal Intermediate Exceed the benchmark by 30 basis points annually over the course of a market cycle, while seeking to obtain the optimal after-tax return. |
Tax-Advantaged > Municipal |
Barclays Capital Municipal Bond 1-20 Year Blend (1-22) Index |
North America |
|
US Limited Duration Exceed the benchmark return by 50 basis points annually over the course of a market cycle. |
Taxable > Traditional Fixed Income |
Merrill Lynch 1-3 Year Treasury Index |
North America |
|
US Intermediate Exceed the benchmark return by 60 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Intermediate Government/Credit Bond Index |
North America |
|
US Core Exceed the benchmark return by 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Aggregate Bond Index |
North America |
|
US Core Full Discretion Exceed the benchmark return by 115 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. Aggregate Bond Index |
North America |
|
US Bank Loan Exceed the benchmark return by 50 to 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
S&P/LSTA Performing Loan Index |
North America |
|
Emerging Markets Exceed the benchmark return by 150 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
Global |
|
Absolute Return Maximize return consistent with the current market environment and outperform the broad market over the course of a market cycle. |
Taxable > Absolute Return |
Absolute Return portfolios are not measured against a benchmark. |
North America |
|
Global Alpha Maximize absolute return and significantly outperform 3-month LIBOR (3mL) over the long term, targeting annualized returns of 3mL + 7% with expected annualized returns volatility of 5-7%, resulting in a target information ratio of 1.0-1.5. The product can be customized to an investor's excess return objectives and risk tolerance by allowing for higher risk leverage. |
Taxable > Absolute Return |
Returns Benchmark: 3-month LIBOR
Risk Benchmark: 10-year U.S. Treasury, measured by value-at-risk |
Global |
|
US Index Plus Exceed an equity benchmark return by 50 basis points annually over the course of a market cycle while maintaining volatility consistent with the benchmark. |
Taxable > Portable Alpha |
S&P 500 Index |
North America |
|
Commodity Plus Exceed the benchmark by 50 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Portable Alpha |
Dow Jones-UBS Commodity Index |
North America |
|
Global Corporate (Euro Hedged) Exceed the benchmark by 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate Credit, Euro Hedged Index |
Global |
|
Australia Core Exceed the benchmark return by 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
UBS Australia Composite All Index |
Australia |
|
US Tax Efficient Short Exceed the benchmark by 30 basis points annually over the course of a market cycle, while seeking to obtain the optimal after-tax return. |
Tax-Advantaged > US Tax-Efficient |
Custom Index |
North America |
|
US Enhanced Liquidity Seeks to achieve returns in excess of the 3-month LIBOR annually over time. |
Liquidity > Enhanced Liquidity |
Custom Index |
North America |
|
Australia Diversified (DFI) Exceed the benchmark return by 100 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
Australia |
|
Global Sovereign Limited Duration Exceed the benchmark return by 50 bps annually over the course of a market cycle while emphasizing real capital preservation. |
Taxable > Traditional Fixed Income |
Custom Index |
Global |
|
Global Sovereign (USD Unhedged) Exceed the benchmark return by 150 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Citigroup World Government Bond Index |
Global |
|
Global Multi-Sector (USD Unhedged) Exceed the benchmark return 200 basis points annually over the course of a market cycle. Provide income and capital appreciation. |
Taxable > Traditional Fixed Income |
Custom Index |
Global |
|
Global Core Full Discretion (USD Hedged) Exceed the benchmark return by 150 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital Global Aggregate USD Hedged |
Global |
|
Global Inflation-Linked (USD Unhedged) Maximize real return annually over the course of a market cycle while emphasizing real capital preservation. |
Taxable > Traditional Fixed Income |
Custom Index |
Global |
|
Euro Core Full Discretion Exceed the benchmark return by 100 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Citigroup Euro Broad Investment Grade Index |
Europe |
|
US TIPS Full Discretion Exceed benchmark return by average of 100 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. TIPS Index (Series L) |
North America |
|
UK Corporate Exceed the benchmark return by 75 basis points annualized over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
Europe |
|
UK High Alpha Exceed the benchmark return by 150 basis points annualized over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
Europe |
|
Global Credit Seeks to take advantage of the historically wide spreads currently available globally in the credit sector of the fixed income markets. |
Taxable > Traditional Fixed Income |
Barclays Global Aggregate Credit Index |
Global |
|
Asia External Debt Exceed the benchmark by 100 to150 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
JP Morgan Asian Credit Index (JACI) |
Asia Pacific |
|
Asia Local Currency Exceed the benchmark by 100 to 150 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
HSBC Local Currency Bond Index |
Asia Pacific |
|
US High Yield Exceed the benchmark return by 150 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Barclays Capital U.S. High-Yield 2% Issuer Capped Bond Index |
North America |
|
US Enhanced Cash Exceed the benchmark return by 50 basis points annually over the course of a market cycle while emphasizing capital preservation. |
Liquidity > Enhanced Cash |
90-Day LIBOR |
North America |
|
Global SovereignQ 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. |
Taxable > Traditional Fixed Income |
Citigroup World Government Bond Index |
Global |
|
US Long Duration Full Discretion Exceed the benchmark return by 115 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Custom Index |
North America |
|
Managed CurrencyQ Exceed a cash equivalent benchmark by at least 150 basis points annualized over the course of a market cycle. |
Taxable > Traditional Fixed Income |
Cash Equivalent Benchmark |
Global |
|
Singapore Core Exceed the benchmark return by 50 to 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
Singapore Government Bond Index All UOB |
Asia Pacific |
|
Brazil Limited Duration (BRL Unhedged) Seeks to maximize returns by investing in the Brazilian fixed-income market. |
Taxable > Traditional Fixed Income |
Brazil Limited Duration portfolios are not measured against a benchmark. |
South America |
|
Brazil Equity Core IBrX Exceed the benchmark return by 250-300 basis points annually over the course of a market cycle while approximating benchmark risk. |
Equity |
The current benchmark is the Brazil IBrX Index. The Index is a total return index that measures the return of a theoretical portfolio composed of the top 100 stocks traded on the Bovespa. |
South America |
|
US Structured Products The Structured Portfolio's investment objective is to maximize total return, consistent with prudent investment management. |
Taxable > Traditional Fixed Income |
US Structured Products portfolios are not measured against a benchmark. |
North America |
|
Canada Core Exceed the benchmark return by apprximately 75 basis points annually over the course of a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
DEX Universe Bond Index |
North America |
|
Canada Limited Duration Exceed the benchmark by approximately 30 basis points annually over a market cycle while approximating benchmark risk. |
Taxable > Traditional Fixed Income |
DEX Universe Short Term Bond Index |
North America |