Western Asset Core Plus Bond Portfolio
Investment Objective:
To maximize total return, consistent with prudent investment management
and liquidity needs, by investing to obtain an average duration of generally
2.5 to 7 years.
Investments:
The Fund invests primarily in U.S. dollar-denominated fixed income securities and other debt instruments of domestic and foreign entities, including corporate bonds, securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities, mortgage-backed securities and money market instruments. The Fund may invest up to 20% of its total assets in non-U.S. dollar-denominated securities.
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| Inception Date: |
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| Institutional: | July 8, 1998 |
| Financial Intermediary: | January 8, 2002 |
| Institutional Select: | August 4, 2008 |
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| Performance Benchmark: |
Barclays Capital U.S. Aggregate Index*
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| Total Fund Assets: |
$7.7 billion (as of 6/30/09)
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| Ticker Symbol: |
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| Institutional: | WACPX |
| Financial Intermediary: | WACIX |
| Institutional Select: | WAPSX |
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Investment Risks:
Investments in bonds are subject to interest rate and credit risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. Foreign securities are subject to certain risks of overseas investing, including currency fluctuations and changes in political and economic conditions, which could result in significant market fluctuations. Asset-backed, mortgage-backed or mortgage-related securities are exposed to prepayment and extension risks which may be greater than investments in other fixed income securities. Derivatives, such as options and futures, can be illiquid and may disproportionately have a potentially large impact on performance.
An investor cannot invest directly in an index. Click here for Index Definitions.
*Prior to November 2008, the Barclays Capital U.S. Aggregate Index operated under the name Lehman Brothers U.S. Aggregate Index.
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