Western Asset's Emerging Markets composite includes portfolios that employ an actively managed approach that is risk controlled and assimilates the Firm's top-down global economic views with analysts' fundamental and relative value views regarding emerging market country opportunities in an effort to build and maintain a portfolio that generates superior risk-adjusted returns.

Exceed the benchmark return by 150 basis points annually over a 3- to 7-year period while approximating benchmark risk.

Construct and maintain a diversified portfolio of government and corporate issuers in emerging market countries. Value can be added through issuer/issue selection and country rotation. Western uses various tools, both external and proprietary, to help identify, measure and manage portfolio risk.