Western Asset Muni Defined Opp Common

As a fundamental policy, the Fund seeks to achieve its primary investment objective by investing, under normal market conditions, at least 80% of its net assets in investment grade municipal securities, the interest on which is exempt from federal income tax. In addition, the Fund may invest up to 20% of its net assets in municipal securities rated below investment grade. The Fund may invest up to 20% of its net assets in investments that generate income that is subject to federal income tax and in municipal securities the interest on which is subject to the federal alternative minimum tax. Municipal securities including long-term obligations, short-term notes, participation certificates, municipal leases, zero coupon municipal obligations, tender option bonds, inverse floating rate securities or residual interest bonds, custodial receipts and municipal commercial paper may be acquired through investments in pooled vehicles, partnerships or other investment companies. The Fund may sell certain fixed-income securities short including, but not limited to, U.S. Treasuries, for investment and/or hedging purposes. The Fund may invest all or a portion of its net assets in illiquid securities.

Key stats

Management firm  Legg Mason
Domicile  United States
Global Branding Name  Legg Mason
12 month yield  4.40%
Fund currency  USD
Launch Date  2009-03-27
ISIN  US95768A1097
SEDOL  B3LTPK1
Manager 1 Name  Robert Amodeo
Manager 2 Name  David Fare
Fund Strategy  Muni National Long
Benchmark  Barclays Municipal TR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-08-31
Return - 1 Month  1.21%
Return - 2 Months  1.50 %
Return - 3 Months  1.65%
Return - 6 Months  5.72 %
Return - 9 months  8.76 %
Return - 12 Months  11.41%
Annualized return 24 months  4.58 %
Annualized return 36 months  7.40 %
Annualized return 48 months  6.35 %
Annualized return 60 months  6.91 %
Return 120 months  0.00 %
Annualized return since Inception  8.40%
Return YTD  8.74%

Ratings

Morning Star Rating Date   2014-08-31
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 1 star rating
Morning Star Rating - Overall  fund has a 1 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.18 %
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  2014-09-18
Pre-tax nav  22.32
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  $-0.30
Price change (percentage)  -1.33 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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