Western Asset Non-U.S. Opportunity Bond Portfolio
Investment Objective:
To maximize total return, consistent with prudent investment management.
Investments:
Under normal market conditions, the Fund invests at least 80% of its net assets in debt and fixed income securities denominated in major foreign currencies. To achieve its objective, the Fund may invest in a variety of securities, including U.S. dollar-denominated or foreign currency-denominated obligations of foreign governments, international agencies or supranational entities; foreign currency exchange-related securities, including foreign currency warrants; U.S. Government obligations; mortgage- and other asset-backed securities; corporate obligations; commercial paper and other short-term investments.
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| Inception Date: |
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| Institutional: | July 15, 1998 |
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| Performance Benchmark: |
Citigroup World Government ex-U.S. Index (Hedged)
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| Total Fund Assets: |
$205.2 million (as of 3/31/08)
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| Ticker Symbol: |
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| Institutional: | WAFIX |
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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.
Non-U.S. investments are subject to currency fluctuations, social, economic and political risk.
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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