Western Asset High Income Opp Common

Seeks high current income with capital appreciation as a secondary objective. Invests at least 65% of its assets in high-yielding non-investment grade corporate bonds, debentures and notes of U.S. issuers. Up to 35% of its assets may be invested in common stock or other equity-related securities. It may invest a small portion of its portfolio in loan participations, warrants and repurchase agreements. Effective 01-Jun-07,The Fund can use a variety of derivative instruments for investment purposes as well as hedging or risk-management purposes. Effective 17-Sep-07, the Fund is allowed to invest more than 10% of its assets in bonds rated below B by more than one rating agency; the Fund is also allowed to invest in Dollar Roll transaction, which would add more leverage to the Fund.

Key stats

Management firm  Legg Mason
Domicile  United States
Global Branding Name  Legg Mason
12 month yield  6.97%
Fund currency  USD
Launch Date  1993-10-22
ISIN  US95766K1097
SEDOL  2795984
Manager 1 Name  Michael Buchanan
Manager 2 Name  Stephen Walsh
Fund Strategy  High Yield Bond
Benchmark  Barclays US Corporate High Yield TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-10-31
Return - 1 Month  -0.07%
Return - 2 Months  -2.00 %
Return - 3 Months  -1.16%
Return - 6 Months  -0.59 %
Return - 9 months  2.21 %
Return - 12 Months  3.84%
Annualized return 24 months  7.08 %
Annualized return 36 months  9.54 %
Annualized return 48 months  8.12 %
Annualized return 60 months  10.44 %
Return 120 months  7.19 %
Annualized return since Inception  6.06%
Return YTD  2.64%

Ratings

Morning Star Rating Date   2014-10-31
Morning Star Rating - 36 Months  fund has a 1 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 3 star rating fund has a 3 star rating fund has a 3 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  0.80 %
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  1-877-721-1926

Price

Last Price Date  2014-11-13
Pre-tax nav  5.61
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  $-0.02
Price change (percentage)  -0.36 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

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Ratings Disclaimer

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