Western Asset's US Bank Loan 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 non-investment-grade sectors of the fixed-income market in seeking to add value while minimizing risk.

Exceed the benchmark return by 50 to 75 basis points annually over a 3- to 7-year period while approximating benchmark risk.

Construct a diversified portfolio consisting of bank loans. Value can be added through subsector rotation and issue/issuer selection. Risk is controlled through industry and issuer diversification.