Western Asset's Global Corporate 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 all sub-sectors of the corporate bond market in seeking to add value while minimizing risk.

Exceed the benchmark by 75 to 100 basis points annually over a 3- to 5-year period while approximating benchmark risk.

Construct an investment grade portfolio that emphasizes corporate bonds. Value can be added through sector rotation and issue/issuer selection.