Western Asset
Products
Process
Philosophy
Overview | Portfolio Characteristics | Performance & Fees
Description
Western Asset's UK 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 non-government fixed-income market in seeking to add value while minimizing risk.
Objective
Exceed the benchmark return by 75 basis points annualized over a 3-year period while approximating benchmark risk.
Approach
Construct a portfolio emphasizing the non-government sectors. Value can be added through sub-sector rotation, issue selection, duration, yield curve and non-UK exposure.
Snapshot
Benchmark:
Merrill Lynch Sterling Non-gilts Index/iBoxx Sterling Non-gilts All Stocks Index/Custom Index1
Constraints:
Duration Exposure: ±20% of the benchmark
Average Quality: A
Assets Under Management:
Total UK Corporate Assets: £4.5 billion
Inception Date:
May 01, 2003
How to Invest
Please contact your Client Service Executive or call our main number.
Invest Through Other Vehicles
Dublin Domiciled Institutional Mutual Fund:   WA UK £ Credit Bond Fund (WAUKCBG)

1 The benchmarks are comprised of the composite's constituent accounts' benchmarks on a market value-weighted basis.