Western Asset Variable Rate Strategic

The Funds objective is to maintain a high level of current income. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in variable rate instruments of U.S.and non-U.S. issuers, including U.S. and non-U.S. investment grade and high yield debt, senior loans, emerging markets debt and derivatives related to these securities. The Investment Manager will allocate and reallocate the Funds assets from time to time among the types of debt securities described above based on its analysis of economic and market conditions and the relative returns and risks then represented by each type. Effective 01-Jun-07, the new definition of emerging market country would include any country which is, at the time of investment, represented in the JP Morgan EMBI Global Index or categorized by the World Bank, in its annual categorization, as middle or low-income.

Key stats

Management firm  Legg Mason
Domicile  United States
Global Branding Name  Legg Mason
12 month yield  4.70%
Fund currency  USD
Launch Date  2004-10-27
ISIN  US9576671088
SEDOL  B03P2X8
Manager 1 Name  Matthew Duda
Manager 2 Name  Keith Gardner
Fund Strategy  Multisector Bond
Benchmark  BofAML GBP LIBOR 3 Mon CM TR GBP
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-11-30
Return - 1 Month  -0.58%
Return - 2 Months  -0.93 %
Return - 3 Months  -1.07%
Return - 6 Months  -0.41 %
Return - 9 months  0.90 %
Return - 12 Months  2.70%
Annualized return 24 months  4.77 %
Annualized return 36 months  8.20 %
Annualized return 48 months  6.28 %
Annualized return 60 months  8.19 %
Return 120 months  5.11 %
Annualized return since Inception  5.07%
Return YTD  2.10%

Ratings

Morning Star Rating Date   2014-11-30
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 120 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.75 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Legg Mason/Western
Contact Address 2  100 International Drive
Contact Address 3  Baltimore, MD 21202
Contact city  Baltimore
Contact country  United States
Fund Admin Group  Legg Mason
Web Address  www.leggmason.com
Custodian  State Street Bank & Trust Co
Phone  +1 8777211926

Price

Last Price Date  2014-12-17
Pre-tax nav  16.64
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.01
Price change (percentage)  -0.06 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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