The investment seeks to maximize total return, consistent with prudent investment management and liquidity needs.
The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets in debt and fixed income securities. It normally maintain a dollar-weighted average effective duration, as estimated by the fund's subadvisers, within 25% of the duration of its benchmark, the Merrill Lynch 1-3 Year Treasury Index although the fund may invest in securities of any maturity. The fund may invest up to 25% of its total assets in the securities of non-U.S. issuers.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=Legg Mason/Western
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=Boston Financial Data Services, Inc.
 http://www.globalfunddata.com/funds/new/performance/strategy?variant=Short-Term Bond
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=Baltimore___United States
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=State Street Bank & Trust Co
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