Western Asset's Global Sovereign composite includes portfolios that employ an active, team-managed investment approach around a long-term, value-oriented investment philosophy. These portfolios use diversified strategies and investment-grade sectors of the fixed-income market in seeking to add value while minimizing risk.

Exceed the benchmark return by 150 basis points annually over a 3- to 5-year period while approximating benchmark risk.

Construct a portfolio using all major global investment-grade fixed-income markets and currencies, with a bias towards government issues. Value can be added through country and currency allocation as well as security selection. Portfolio risk is controlled through broad diversification across country/sectors and active hedging of currency exposure.