Western Asset
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Overview | Portfolio Characteristics | Performance & Fees
Description
Western Asset's US Municipal Intermediate composite includes portfolios that employ an active, team-managed strategy around a disciplined investment process backed by state-of-the-art analytics and risk sensitivity in the allocation and selection phase.
Objective
Exceed the benchmark by 30 basis points annually over a 3- to 7-year period, while seeking to obtain the optimal after-tax return.
Approach
Construct a portfolio using municipal securities and seek to add value through yield curve management, sector allocation and security selection.
Snapshot
Benchmark:
Lehman Brothers Municipal Bond 1-15 Year Blend (1-17 Maturity)Index1
Constraints:
At least 80% of the portfolio must be invested in municipal bonds.
Assets Under Management:
Total US Municipal Intermediate Assets: US$15.7 billion
Inception Date:
March 01, 1995
How to Invest
Please contact your Client Service Executive or call our main number.
1 From 5/1/07 to current, Lehman Brothers Muni 1-15 year Blend (1-17) is used. From 5/1/03 to 4/30/07, Lehman Brothers Muni 1-10 Blend (1-12) was used. From 11/1/01 to 4/30/03 the Lehman Brothers Muni 3-5 yr Mkt Wtd Index was used. From 9/1/00 to 10/31/01, the Custom Index was comprised of 90% Lehman Brothers Muni 3-5 yr Market Weighted and 10% Lehman Brothers Muni 1-10 Blend (1-12). From 3/1/95 to 8/31/00, Lehman Brothers Muni 1-10 Blend (1-12 was used.
See the Performance Disclosure for more information.