Western Asset Inflation Indexed Plus Bond Portfolio
Investment Objective:
To maximize total return, consistent with preservation of capital.
Investments:
Under normal market conditions, the Fund invests at least 80% of its net assets in inflation-indexed fixed income securities without regard to the country of issuance, and at least 70% of its net assets in U.S. Treasury Inflation Protected Securities. The average modified duration of the Fund is expected to range within 3 years of that of its benchmark, typically fluctuating within a range of 6 to 12 years, although this may vary. Although the Fund is expected to maintain an average credit quality of at least A/A, it may invest up to 30% of its net assets in securities rated below AAA/Aaa, including securities rated below investment grade.
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| Inception Date: |
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| Institutional: | March 1, 2001 |
| Financial Intermediary: | June 28, 2007 |
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| Performance Benchmark: |
Lehman Brothers Treasury Inflation Notes Index
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| Total Fund Assets: |
$844.6 million (as of 3/31/08)
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| Ticker Symbol: |
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| Institutional: | WAIIX |
| Financial Intermediary: | WATPX |
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Investment Risks:
Bonds are subject to a variety of risks, including interest rate, credit and inflation risk. As interest rates rise, bond prices fall, reducing the value of the Fund's share price.
To the extent that the Fund invests in asset-backed, mortgage-backed or mortgage-related securities, its exposure to pre-payment and extension risks may be greater than investments in other fixed income securities. The Fund may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance.
An investor cannot invest directly in an index. Click here for Index Definitions.
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